REG - Severn Trent PLC - Severn Trent Plc Trading Update

Severn TrentAnnouncement

11/02/2026 07:00

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RNS Number : 4923S  Severn Trent PLC  11 February 2026

Severn Trent Plc Trading Update

 

Severn Trent Plc today announces the following trading update for the period
to 10 February 2026.

 

We have established strong momentum in the first year of this regulatory
period and are on track to meet our environmental and operational targets. Our
financial performance is in line with expectations.

 

Thanks to the benefits of insourcing and scaling our programme early, we
expect to deliver towards the top end of our capital investment guidance range
of £1.7 billion - £1.9 billion, our highest-ever year.

 

We remain on track to deliver at least £40 million of reward from outcome
delivery incentives (ODIs)(1) and price control deliverable (PCD)(2)
performance, expecting to achieve all PCD milestones and associated reward
this year.

 

We continue to drive further improvements in our year-on-year environmental
performance and are confident of earning the highest possible 4-star
Environmental Performance Assessment (EPA)(3) for a record seventh consecutive
year.

 

 

James Jesic, Chief Executive, Severn Trent Plc, said:

"This has been a quarter of delivery in a period of strong growth, and I am
proud of the contributions of the whole team. Having taken the reins as CEO,
I'm meeting every Severn Trenter face to face, and it's brilliant to see the
level of energy and focus the organisation has on delivering for our customers
and communities.

"With our capital programme well underway, we remain on track to deliver on
environmental targets and meet the financial guidance set out at our interim
results. We have welcomed the Government's White Paper as a step in the right
direction and look forward to further clarity on timing and implementation in
the Transition Plan expected later this year."

 

Financial calendar

We will announce our full-year results for FY26 on 20 May 2026, and our Annual
General Meeting will be held on 9 July 2026.

 

 

Footnotes

1.     ODI: Outcome Delivery Incentive. A framework made up of outcomes,
measures, targets and incentives which provides companies with rewards for
achieving stretching performance targets and compensates customers if
performance is below performance targets.

2.     PCD: Price control deliverables ('PCD's) set out Ofwat's
expectations for delivery specifically on expenditure programmes, funded
through defined expenditure allowances.

3.     EPA: The industry standard measure of the environmental performance
of water and sewerage companies ('WaSCs'), and 4-star represents the highest
rating achievable.

 

 

 Enquiries

 Investors & Analysts
 Nicola Whitehouse           Severn Trent Plc  +44 (0) 748 450 8198
 Head of Investor Relations

 Faye Stringer               Severn Trent Plc  +44 (0) 758 302 6677
 Investor Relations Manager

 Media
 Ed Orlebar                  Cardew Group      +44 (0) 773 872 4630
 Press Office                Severn Trent Plc  +44 (0) 247 771 5640

Cautionary statement regarding forward-looking statements

This document contains statements that are, or may be deemed to be,
'forward-looking statements' with respect to Severn Trent's financial
condition, results of operations and business and certain of Severn Trent's
plans and objectives with respect to these items.

Forward-looking statements are sometimes, but not always, identified by their
use of a date in the future or such words as 'anticipates', 'aims', 'due',
'could', 'may', 'will', 'would', 'should', 'expects', 'believes', 'intends',
'plans', 'projects', 'potential', 'reasonably possible', 'targets', 'goal',
'estimates' or words with a similar meaning, and, in each case, their negative
or other variations or comparable terminology. Any forward-looking statements
in this document are based on Severn Trent's current expectations and, by
their very nature, forward-looking statements are inherently unpredictable,
speculative and involve risk and uncertainty because they relate to events and
depend on circumstances that may or may not occur in the future.

Forward-looking statements are not guarantees of future performance and no
assurances can be given that the forward-looking statements in this document
will be realised. There are a number of factors, many of which are beyond
Severn Trent's control, that could cause actual results, performance and
developments to differ materially from those expressed or implied by these
forward-looking statements. These factors include, but are not limited to: the
Principal Risks disclosed in our latest Annual Report and Accounts (which have
not been updated since the date of its publication); changes in the economies
and markets in which the Group operates; changes in the regulatory and
competition frameworks in which the Group operates; the impact of legal or
other proceedings against or which affect the Group; and changes in interest
and exchange rates.

All written or verbal forward-looking statements, made in this document or
made subsequently, which are attributable to Severn Trent or any other member
of the Group or persons acting on their behalf are expressly qualified in
their entirety by the factors referred to above. This document speaks as at
the date of publication. Save as required by applicable laws and regulations,
Severn Trent does not intend to update any forward-looking statements and does
not undertake any obligation to do so. Past performance of securities of
Severn Trent Plc cannot be relied upon as a guide to the future performance of
securities of Severn Trent Plc.

Nothing in this document should be regarded as a profits forecast.

Certain information contained herein is based on management estimates and
Severn Trent's own internal research. Management estimates have been made in
good faith and represent the current beliefs of applicable members of Severn
Trent's management. While those management members believe that such estimates
and research are reasonable and reliable, they, and their underlying
methodology and assumptions, have not been verified by any independent source
for accuracy or completeness and are subject to change without notice, and, by
their nature, estimates may not be correct or complete. Accordingly, no
representation or warranty (express or implied) is given to any recipient of
this document that such estimates are correct or complete.

This document is not an offer to sell, exchange or transfer any securities of
Severn Trent Plc or any of its subsidiaries and is not soliciting an offer to
purchase, exchange or transfer such securities in any jurisdiction. Securities
may not be offered, sold or transferred in the United States absent
registration or an applicable exemption from the registration requirements of
the US Securities Act of 1933 (as amended).

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