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Pennon Group returned to profit in first half of 2025/26, driven by higher tariffs, cost controls, and improved operations.
Pennon Group, a UK water utility, reported a return to profit for the first half of fiscal 2025/26, posting a pre-tax profit of £65.9 million compared to a £38.8 million loss the prior year.
Revenue rose 24.8% to £658.1 million, driven by higher regulated tariffs and increased customer usage.
Underlying EBITDA jumped 56% to £254.4 million, supported by cost controls and operational improvements.
The company maintained progress on environmental goals, including a 50% drop in pollution incidents, and cut its interim dividend to 9.26p per share.
Despite a high debt-to-equity ratio, Pennon expects full-year underlying EBITDA to rise 60% and remains on track for a 7% return on regulated equity.
El Grupo Pennon volvió a obtener ganancias en la primera mitad de 2025/26, impulsado por aranceles más altos, controles de costos y operaciones mejoradas.