SSE (LSE:SSE) has reported adjusted earnings, per share, at the upper end of guidance coming in at 153.5p for the full year, whilst the energy utility reported £3.6bn of capital investments.
The UK energy group said the 153.5p adjusted EPS was towards the upper end of guidance and that
It reported operating profit of £1,889m, which reflected a net charge of £157.7m covering re‑measurement, some £84.7m of restructuring costs and £77.9m of asset impairments.
"By operating our business efficiently and optimally, while accelerating electrification and building energy infrastructure to unlock homegrown renewables, we are strengthening energy security and lowering system costs over time," said Martin Pibworth, Chief Executive.
SSE's Regulated Networks division contributed around 40% of adjusted operating profits, and SSEN Transmission adjusted operating profit was about 75% higher year‑on‑year, whilst the distribution division was around 54% lower.
SSE Renewables, meanwhile, saw adjusted operating profits about 4% higher and its Flexibility unit was about 15% lower.
The company marked net debt and hybrid capital at £10.1bn, and recommended a final dividend of 47.3p, taking full‑year dividends per share to 68.7p, up 7% on the prior year.
SSE reiterated its adjusted earnings‑per‑share guidance for 2026/27 of 168-193p, and for 2029/30 the range is currently pitched at of 225-250p.
It also said full‑year 2026/27 capital expenditure will increase to over £5bn and that net debt is expected to remain comfortably within its recently reaffirmed strong investment‑grade credit ratings.
Construction is under way on five of 11 major transmission projects, it added, with around 75% of major transmission consents received.
The Dogger Bank Phase A turbine installation was completed and Phase B is progressing, Ferrybridge BESS entered full operation in March, and a final investment decision was taken on the 170MW Platin power station in Ireland.
