Pennon Group

PNN · Main Market · Utilities · mcap £1,701m · 333.4p 7 open situations →

Pennon supplies water and wastewater services in the South West of England through South West Water, and water in Surrey and Sussex through SES Water. It earns regulated returns set by Ofwat and is investing heavily in water resources, treatment works and storm overflows.

Target	Promise	Said	Status
2026
31 Mar 2026	Return to profitability in 2025/26 with underlying EBITDA up c.60%	3 Jun 2025	✓ Kept
	“The resulting loss before tax on both an underlying and statutory basis reflects a point of inflection into K8 with an expected return to profitability in 2025/26” Also stated 27 Nov 2025 How it developed 3 Jun 2025 Said “The resulting loss before tax on both an underlying and statutory basis reflects a point of inflection into K8 with an expected return to profitability in 2025/26” 27 Nov 2025 Said “we are on track to deliver a c.60% increase in underlying EBITDA year on year” 10 Jun 2026 ✓ Kept “Return to profitability in 2025/26, with statutory profit before tax of £114.4 million (2024/25: loss of £72.7 million)” Result FY26 underlying EBITDA £519.2m vs £335.6m (about 55% up, slightly below c.60%); underlying profit before tax £135.1m. “Return to profitability in 2025/26, with statutory profit before tax of £114.4 million (2024/25: loss of £72.7 million)”10 Jun 2026 · Final Results “Underlying EBITDA^ increasing by 55% compared with the prior year to £519.2 million.”10 Jun 2026 · Final Results
30 Sep 2026	Provide strategic update before end September 2026	10 Jun 2026	✓ Kept
	“Strategic update to follow before the end of September 2026” How it developed 10 Jun 2026 Said “Strategic update to follow before the end of September 2026” 16 Sep 2026 ✓ Kept “Pennon Group Plc announces that a Strategic Update will be hosted by CEO, Keith Haslett and CFO, Laura Flowerdew on 7th October 2026 at 9:00am” 7 Oct 2026 ✓ Kept “A presentation hosted by Keith Haslett, Chief Executive Officer, and Laura Flowerdew, Chief Financial Officer, will commence at 9:00 a.m. today, 7 October...” Result Strategic update presented 7 October 2026, a week after the stated deadline. “Pennon Group Plc announces that a Strategic Update will be hosted by CEO, Keith Haslett and CFO, Laura Flowerdew on 7th October 2026 at 9:00am”16 Sep 2026 · Strategic Update “A presentation hosted by Keith Haslett, Chief Executive Officer, and Laura Flowerdew, Chief Financial Officer, will commence at 9:00 a.m. today, 7 October 2026, followed by a live Q&A session.”7 Oct 2026 · Strategic Update