Unaudited interim results for the six months ended 30 September 2025

• Positive start to AMP8 with further improvements delivered across a number of key operational metrics and a clear Delivery Action Plan to address areas of underperformance 

• £483.6m invested in the region to improve customer service and environmental performance as part of a £6 billion five-year investment programme

• Continuing to support more than 175,000 customers in need of help or struggling to pay, with an additional £235m support to be provided over the period to 2030.

Resilient financial position:

• First-half revenue of £729.9m (30 September 2024: £496.2m) primarily driven by the change in regulatory tariff following Ofwat’s Final Determination in support of our ambitious capital delivery programme

• Profit from continuing operations after tax was £39.0m (30 September 2024: loss of £63.1m), reflecting the increased revenues which support our ambitious capital investment programme through to 2030. No dividend has been paid to shareholders since 2017, and none will be before 2030

• Additional £655m of equity committed by funds managed by Macquarie Asset Management with update on additional equity commitment expected before the end of December 2025.

The unaudited full interim results can be found here