Pennon Group PLC (LSE:PNN) has reported a solid start to the fiscal year 2025/26, achieving strong profitability despite the challenges of a hot summer. The company has made notable progress in reducing pollution and storm overflow events while maintaining resilient water supply operations. Financially, performance is on track, with EBITDA expected to rise by 60% and a target return on regulated equity (RORE) of 7%.
In addition to operational performance, Pennon is advancing its renewable energy initiatives, with two sites expected to begin generating power by October. These projects are projected to supply 40% of the Group’s energy needs by FY27, highlighting the company’s commitment to sustainable operations.
About Pennon Group PLC
Pennon Group PLC operates in the utilities sector, with a primary focus on water and wastewater services. The company is dedicated to sustainable water management and has a strong presence in the South West of England. Its renewable energy portfolio is expanding through the Pennon Power projects, supporting both environmental and financial objectives.
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