Sse Plc ( (SSEZY) ) has released its Q4 earnings. Here is a breakdown of the information Sse Plc presented to its investors.
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SSE plc is a prominent energy company based in the UK, primarily engaged in the generation, transmission, and distribution of electricity, with a significant focus on renewable energy and infrastructure development.
SSE plc has reported its preliminary financial results for the year ending March 31, 2025, highlighting robust performance in its regulated networks and renewable energy sectors. The company achieved an adjusted Earnings Per Share of 160.9p, aligning with expectations, and made a record capital investment of £2.9 billion, predominantly in networks and renewables.
Key financial metrics for SSE plc include a slight decrease in adjusted operating profit to £2,419.2 million and a reported operating profit of £1,962.2 million, impacted by exceptional charges. The company saw an 18% increase in renewables output and maintained a strong balance sheet with a net debt to EBITDA ratio of 3.2x. SSE also announced a final dividend of 43.0 pence, resulting in a full-year dividend increase of 7% from the previous year.
SSE continues to evolve its investment strategy, reducing its five-year investment expectations by £3 billion to around £17.5 billion, with a focus on regulated networks and renewables. The company is progressing with major projects like the Dogger Bank offshore wind farm and the Eastern Green Link 2 HVDC link, while also completing significant investments such as the Viking onshore wind farm.
Looking ahead, SSE remains confident in its ability to deliver sustainable earnings growth, targeting an adjusted Earnings Per Share of 175-200p by 2026/27. The company plans to increase its dividend by 5-10% annually and continues to focus on capital discipline and efficiency improvements to maximize growth opportunities.
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