SSE plc Earnings Call Transcripts
Fiscal Year 2026
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A fully funded £33 billion investment plan will triple prior spending, focusing 80% on regulated networks and targeting a 7–9% EPS CAGR to 2030. Strong operational cash flows, a £2 billion equity placing, and targeted disposals underpin the plan, with robust regulatory and market support.
Fiscal Year 2025
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Record profits in networks and renewables drove strong earnings and dividend growth, with a revised £17.5bn investment plan focused on grid upgrades. 2027 EPS guidance remains 175-200p, supported by inflation-linked earnings and disciplined capital allocation.
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First-half adjusted operating profit rose 24% year-on-year, driven by strong renewables and networks performance, with confidence maintained in delivering FY27 EPS targets. Major projects like Dogger Bank and Viking Wind Farm are progressing, and a 6% interim dividend increase was declared.
Fiscal Year 2024
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Focused on the energy transition, the group targets £20 billion investment by 2027, aiming to double renewables capacity and achieve 13%-16% annual EPS growth. Risk is managed through hedging, regulated earnings, and disciplined capital allocation, with a strong balance sheet and clear dividend policy.