Pennon Group Plc (PNN) Earnings Call Transcripts

Pennon Group Plc's Latest Earnings Call - June 10, 2026

In the fiscal year 2025-2026, Pennon Group Plc reported a significant turnaround with a 55% increase in EBITDA and underlying operating profit more than doubling to GBP 326 million. Revenue rose by 23% due to increased water tariffs, contributing to a return to profitability. Management provided guidance indicating an expected revenue increase of GBP 50 million to GBP 70 million for the next fiscal year, while costs are projected to rise by up to 5%. The company aims for group EBITDA growth of 5% to 10% year-on-year, signaling a positive outlook despite operational challenges.

Reported metrics

Guidance from management

Management expects revenue to increase by GBP 50 million to GBP 70 million in FY 2026-2027, with EBITDA growth projected at 5% to 10%. Costs are anticipated to rise by up to 5% year-on-year.

What management said

Yes, look, I'll maybe let Laura come in a second. But yes, I'm comfortable at the minute, Mark. I think we are going to do a review across the group, including Pennon Power across the next period. So I think it's just important to maybe hold off on that. We are deploying that skill set internally at the minute to do bigger things behind the wires as I talked about in the presentation. But as we sit here, we're certai...

Yes. I mean I think the power assets that we're talking about behind the wire are a much smaller scale. We will -- we are obviously working together, Keith and I, as he looks at the operational performance, looks at what we need to do to remediate that ODI performance, and we will come back in September to talk about the strategic review, the operational improvements and what that means in terms of the financial outl...

What analysts pressed on

Analysts expressed concerns regarding the impact of operational penalties on future performance and the challenges associated with achieving the targeted RORE of 7%. There were also questions about the sustainability of dividend payments amidst ongoing capital expenditures.

Main topics on the call

• Return to Profitability — Pennon Group reported a return to profitability with a 55% increase in EBITDA, reflecting strong operational improvements. CEO Keith Haslett stated, "Our first year results demonstrate a positive shift in profitability, ...
• Revenue Growth — Revenue increased by 23% year-on-year, driven by higher water tariffs and increased consumption. CFO Laura Flowerdew noted, "Increased revenues provided a material benefit year-on-year, partially offset by an 8% increase...
• Operational Challenges — The company faced operational challenges due to adverse weather conditions, leading to net penalties. Flowerdew mentioned, "Operational incidents resulted in around GBP 18 million of cost increases caused by storms and a...
• Future Guidance — Management anticipates revenue growth of GBP 50 million to GBP 70 million for FY 2026-2027, with EBITDA growth projected at 5% to 10%. Flowerdew stated, "We anticipate a further improvement in financial results with reve...

Read the full Pennon Group Plc transcript (June 10, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 Pennon Group Plc earnings call transcripts on record, spanning March 18, 2020 to June 10, 2026. Based on this history, Pennon Group Plc reports quarterly. The most recent call on file is dated June 10, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

PNN

Exchange

LSE

Country

GB

Sector

Utilities

Industry

Water Utilities

Calls on record

27

First call

March 18, 2020

Most recent

June 10, 2026

Reporting cadence

quarterly