Strong Financial Performance
Underlying operating profit increased by 13% to GBP 2.3 billion, with underlying earnings per share up 6% to 29.8p. Capital investment reached a record GBP 5.1 billion, up 12% year-on-year.
Robust U.K. and U.S. Network Investments
GBP 60 billion capital investment commitment to future-proof networks. Over GBP 5 billion invested in the first half, with a target to deploy over GBP 11 billion this year.
Regulatory and Policy Support
75% of the 5-year investment plan approved in the U.S. with strong regulatory support in the U.K. Important policy developments, including support for the Northeast Supply Enhancement pipeline.
Operational Achievements
Record investment in U.K. Electricity Transmission and Distribution with significant progress in major projects like London Power Tunnels and the ASTI projects.
Improved Synergy Savings
Over GBP 100 million of synergy savings achieved 6 months ahead of target following the U.K. electricity distribution acquisition in 2021.