REG - SSE Plc - NOTIFICATION OF CLOSED PERIOD

SSEAnnouncement

Thu 07:00

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RNS Number : 7239B  SSE PLC  02 October 2025

SSE plc

Notification of Closed Period

2 October 2025

Ahead of the publication on 12 November 2025 of results for the six months to
30 September 2025, SSE plc is today updating the market on its performance and
outlook, including:

·     Expecting to report half-year adjusted Earnings Per Share of between
33 and 37 pence, in line with usual seasonal averages and with full year
performance expectations remaining unchanged.

 

·     Accelerating delivery in networks business with strong renewables
availability offset by unfavourable weather conditions.

 

·     The Group remains on track to deliver 2026/27 adjusted Earnings Per
Share of 175 - 200 pence.

Half-year trading update

SSE expects to report interim adjusted Earnings Per Share of between 33 and 37
pence, in line with usual seasonal averages and reflecting the majority of
annual earnings being delivered in the second half. Expectations for full year
performance remain unchanged.

Delivery in the networks business continues to accelerate with all three LOTI
projects in SSEN Transmission now consented and investment in SSEN
Distribution progressing under holistic supply chain framework agreements. As
a result, adjusted investment in networks is expected to increase by ~60% to
~£1.1bn in the first half, relative to the same period last year.

Strong renewables operational availability over the summer months was offset
by unfavourable weather conditions - notably across April and May - with first
half output expected to be around 2% lower than the same period last year.

SSE continues to make strong progress on its NZAP Plus investment programme,
having submitted the final major ASTI consent application and secured planning
permission for the critical Netherton Hub in Aberdeenshire. The final major
consent was also received for Berwick Bank offshore wind farm following a
decade of development work, clearing the project for potential entry into the
UK AR7 auction round. Construction work continues across several sites,
including Dogger Bank offshore wind farm and Strathy South onshore wind farm.

Reflecting the strong progress made, total capital expenditure and investment
is expected to be around £1.5bn for the half-year, with adjusted net debt and
hybrid capital expected to be around £11.5bn.

Half-year Results will be announced on 12 November 2025.

 

 Enquiries
 Investors  SSE Investor Relations  ir@sse.com (mailto:ir@sse.com)        Michael Livingston  +44 (0)345 0760 530
 Media      SSE Media               media@sse.com (mailto:media@sse.com)  Ross Easton         +44 (0)345 0760 530
            MHP                                                           Oliver Hughes       +44 (0)7885 224 532

 

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