Pennon Group PLC Depositary Receipt (PEGRY)
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Pennon Group Plc (PEGRY) Q4 2026 Earnings Call Transcript
Pennon Group Plc (PEGRY) Q4 2026 Earnings Call Transcript
Pennon Group H2 Earnings Call Highlights
Pennon Group LON: PNN reported a return to profitability for the 2025/2026 financial year, while new Chief Executive Officer Keith Haslett said the company must improve operational performance, customer service and environmental outcomes following a challenging year for the U.K. water utility.
Pennon returns to profit after water bill hikes
Pennon Group PLC (LSE:PNN, OTC:PEGRY) returned to the black in its latest financial as higher regulatory allowances and increased water consumption boosted revenue, though the water group warned operational performance would continue to be weighed down by regulatory penalties. The owner of South West Water swung to a statutory pre-tax profit of £114.4 million in the year to March, from a loss of £72.7 million before.
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Pennon Group PLC Depositary Receipt Profile
| Water Utilities Industry | Utilities Sector | James Keith Haslett CEO | OTC PINK Exchange | 708326202 CUSIP |
| GB Country | 4,000 Employees | 24 Jul 2026 Last Dividend | 23 Jul 2021 Last Split | - IPO Date |
Overview
Pennon Group Plc is an established provider of water and wastewater services primarily in the United Kingdom. Since its inception in 1989, the company has been dedicated to supplying clean water and managing wastewater efficiently across several regions. Based in Exeter, the UK, Pennon Group serves a vital role in the environmental management and infrastructure sector by ensuring the delivery of essential water services to both household and non-household customers. Operating primarily in Cornwall, Devon, as well as parts of Dorset and Somerset, the company has expanded its offerings to include regulated water services to around 1.2 million customers in the Bristol area. Through its specialized divisions, Pennon Group Plc has become a key player in supporting sustainable water usage and treatment, contributing significantly to the well-being of the communities it serves.
Products and Services
- Water and Wastewater Services
- Water-Only Services
- Water and Wastewater Retail Services for Non-Household Customers
- Regulated Water Services in the Bristol Region
These are the core services provided by Pennon Group Plc, catering to both residential and business customers in Cornwall, Devon, and parts of Dorset and Somerset. The company ensures the provision of high-quality drinking water and the efficient treatment of wastewater, adhering to strict regulatory standards to protect public health and the environment.
Aside from comprehensive water and wastewater solutions, Pennon Group offers water-only services in areas of Dorset, Hampshire, and Wiltshire. This service focuses on supplying clean and safe drinking water to communities without the wastewater management component.
Pennon Group extends its service portfolio to non-household customers across Great Britain, providing tailored water and wastewater retail services. This segment caters to the specific needs of businesses, offering solutions that aim to optimize water use and manage costs effectively.
Targeting approximately 1.2 million customers, the company's regulated water services in the Bristol area underscore its commitment to ensuring access to clean water. This service highlights the company's regional focus and its ability to meet the demands of a large customer base with consistency and reliability.
