AGM Statement

Summary by AI BETAClose X

Centrica plc provided an AGM statement indicating good strategic progress, including the acquisition of the 850MW Severn power station for approximately £370m, which is expected to contribute £30m-£60m of EBITDA annually from 2027. For the full year 2026, capital investment is projected at around £1.1bn. Retail EBITDA is anticipated to be at the lower end of its £500m-£800m guidance range due to warmer weather and bad debt challenges, while Optimisation EBITDA remains unchanged at around £250m. Infrastructure EBITDA is expected to exceed its £500m-£650m guidance range, driven by higher realised prices, with the Meter Asset Provider business on track to install over 1m meters and contribute £175m in EBITDA alongside Sizewell C and Grain LNG.

Disclaimer*

Companies

Centrica (CNA)
UK 100

Latest directors dealings