Pennon forecasts 2025 profit at lower end of market view
Pennon Group expects annual profit at the lower end of market estimates. The utility cited higher costs as the main factor impacting its 2025 fiscal outlook.
The United Kingdom water utility provider Pennon Group Plc has announced that its underlying profitability for the fiscal year ending March 2025 is projected to fall at the lower end of market expectations. This forecast, shared on Tuesday, comes as a result of significantly higher costs encountered during the year. The company noted that these increased expenses have weighed on its financial performance, leading to a more conservative outlook as the fiscal period draws to a close. Market observers had previously anticipated a broader range of results, but the current guidance narrows that window toward the bottom of previous estimates due to the ongoing cost environment.
