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flag Centrica's profits nearly halved in 2025 due to warm weather and customers switching tariffs, despite gaining customers and investing in new energy projects.

flag Centrica, owner of British Gas, reported a near 50% drop in underlying operating profits to £814 million in 2025, down from £1.55 billion in 2024, due to warmer weather and customers switching to cheaper fixed-price tariffs. flag Household supply profits fell 39% to £163 million, but the company saw its first customer growth in over a decade, increasing UK and Irish customers to 7.96 million, including 91,000 from failed suppliers. flag British Gas was overtaken by Octopus Energy as the UK’s largest supplier. flag Centrica paused share buybacks to fund investments, including a £1.3 billion stake in the Sizewell C nuclear plant and spending on LNG and metering projects. flag The energy price cap is expected to drop by £117 annually to £1,641 starting April, following the government’s decision to scrap the Energy Company Obligation scheme.

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