REG-SSE PLC SSE PLC: Trading Update

SSEAnnouncement

Today 07:02

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   SSE PLC (SSE)
   SSE PLC: Trading Update

   02-Apr-2026 / 07:00 GMT/BST

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                                    SSE plc

                                 Trading Update

                                  2 April 2026

   Ahead of the publication on 28 May 2026 of results for the full year ended
   31 March 2026, SSE plc is today updating the market on its performance and
   outlook for the fiscal year just ended, including:

     • Adjusted Earnings Per Share expected to be in the range of 147 – 152
       pence.

    

     • Continued acceleration of networks investment, around 60% higher than
       prior year, with renewables output increasing by around 10%
       year-on-year.

    

     • On course to deliver around £3.5bn of capital investment with just
       over £10bn of adjusted net debt and hybrid capital.

   Full-year trading update

   Full year 2025/26 adjusted Earnings Per Share is expected to be between
   147 – 152 pence. This updated guidance reflects continued strong
   operational performance and strategic delivery during the year, as the
   Group progresses its five-year £33bn investment plan.

   The regulated Networks businesses are expected to deliver an around 60%
   year-on-year increase in capital investment, as momentum continues in the
   delivery of their long-term business plans. The majority of this increase
   has been delivered in Transmission, which now has five of the 11 major
   projects under construction and 26 of the 34 required major consents
   received.

   Renewable generation output is expected to be around 14.5 TWH, a 10%
   increase year-on-year, reflecting increasing capacity from the
   construction programme balanced by the mixed weather conditions
   experienced during the course of the year.

   Operating profit expectations for the Group’s other Business Units, as
   well as all other forward-looking guidance previously provided, remains
   unchanged.

   SSE continues to closely monitor developments in the Middle East, but
   there has been no immediate impact to the Group’s overall performance
   given the resilience of our business mix.

   Capital investment for the Group is expected to be around £3.5bn for the
   year. Adjusted net debt and hybrid capital is expected to be just over
   £10bn at 31 March 2026, underpinned by a strong liquidity position
   totalling well over £5bn.

   Last month, SSEN Transmission confirmed its acceptance of Ofgem's RIIO-T3
   Final Determination and has released an investor webinar about the price
   control which can be found at  1 sse.com/investors.

   The full-year results presentation and Q&A session will be conducted
   online on 28 May 2026.
    

   Enquiries                                                       
   Investors SSE Investor           2 ir@sse.com    Michael       +44 (0)345
             Relations                              Livingston    0760 530
   Media     SSE Media              3 media@sse.com Ross Easton   +44 (0)345
                                                                  0760 530
             MHP                                    Oliver Hughes +44 (0)7885
                                                                  224 532

    

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   Dissemination of a Regulatory Announcement, transmitted by  4 EQS Group.
   The issuer is solely responsible for the content of this announcement.

   View original content:  5 EQS News

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   ISIN:          GB0007908733
   Category Code: MSCL
   TIDM:          SSE
   LEI Code:      549300KI75VYLLMSK856
   Sequence No.:  422888
   EQS News ID:   2302662


    
   End of Announcement EQS News Service

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References

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