REG - Centrica PLC - AGM Statement

CentricaAnnouncement

07/05/2026 07:00

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RNS Number : 3227D  Centrica PLC  07 May 2026

7 May 2026

Centrica plc

AGM Statement

Centrica plc (the "Company") will hold its Annual General Meeting today at
10.30am at The Parkgate Hotel, Westgate Street, Cardiff, CF10 1DA.

Ahead of the Company's 2026 Interim Results, which will be released on 23 July
2026, the Company provides the following update on its performance.

Centrica continues to make good progress on the execution of its strategy,
including investing for value through its organic pipeline and the c.£370m
acquisition of the 850MW Severn power station(1), as well as continuing to
progress its transformation programme. For the 2026 full year we expect:

·    Capital investment in 2026 to be around £1.1bn.

·    Retail EBITDA to be towards the lower end of its guidance range(2),
reflecting the impact of warmer weather year-to-date, the shape of the
commodity price curve and continued challenges in residential energy bad debt
collection.

·    No change to Optimisation EBITDA guidance(3).

·    Infrastructure EBITDA to be above the top end of its guidance
range(4), predominantly supported by higher realised prices.

·    Within Infrastructure, continued strong performance from the Meter
Asset Provider ("MAP"), which is on-track to install over 1m meters in 2026.
The expected EBITDA contribution for the year from MAP, Sizewell C and Grain
LNG is unchanged at around £175m.

·    The outlook is subject to the usual uncertainties for the balance of
the year, including weather, commodity prices, regulation and government
policy. We also continue to monitor the impact of the ongoing conflict in the
Middle East.

Enquiries:

Investors and Analysts:                      email: ir@centrica.com

Media:
email: media@centrica.com        tel: +44 (0)1784 843000

 

Notes:

1. Announced 7 May 2026, further details available here:
www.centrica.com/severn (http://www.centrica.com/severn) . All guidance
commentary includes Severn, which is expected to make a small net loss in 2026
due to transaction and integration costs, alongside naturally lower revenues
in the summer months. From 2027 onwards Severn is expected to contribute £30m
- 60m of EBITDA per annum.

2. Retail adjusted EBITDA guidance range of £500m - £800m.

3. Optimisation adjusted EBITDA of around £250m.

4. Infrastructure adjusted EBITDA guidance range of £500m - £650m.

 

Centrica plc is listed on the London Stock Exchange (CNA)

Registered Office: Millstream, Maidenhead Road, Windsor, Berkshire SL4 5GD

Registered in England & Wales number: 3033654

Legal Entity Identifier number: E26EDV109X6EEPBKVH76

ISIN number: GB00B033F229

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