South West Water Owner Pennon Says Losses Deepened After Devon Parasite Outbreak

South West Water owner Pennon says losses deepened after Devon parasite outbreak

Last year’s incident in Brixham, south Devon, cost it about £21 million, pushing it deeper into an annual loss, it said.

The Pennon Group share price falls on results day. Time to buy?

Over the past five years the Pennon Group (LSE: PNN) share price has fallen 60%. Today, (3 June) the company reported a pre-tax loss for FY25. But in times of distress, opportunity for smart investors can sometimes appear. So, is this the case here? Loss-making Lower water demand coupled with a record investment programme of £650m resulted in an underlying loss of £35m. After tax is accounted for, the loss was £57m. Like many of its peers, it’s …

Pennon Group reports revenue up but profit down after "demanding year" - Water Magazine

Pennon Group PLC has published its full-year financial results for 2024/25. The results appear to reflect what Group Chief Executive Officer, Susan Davy, calls a “demanding year”. The group reported a statutory pre-tax loss of £72.7 million, compared to a £9.1 million loss in 2023/24. The downturn was assisted by the £16m costs associated with the Brixham water contamination incident and a further £16 million on restructuring expenses aimed at e…

South West Water owner makes huge loss after Brixham bug cost it £21m

Pennon sees losses widen and puts up bills

Pennon share dip as Devon parasite costs hit profits

Pennon shares slipped on Tuesday after the water supplier revealed the impact of higher costs after parasites were found in Devon’s water supply and rebased its dividend following a £490m rights issue. The group swung to a loss despite revenues increasing 15%, as non-underlying costs of £37.6m related to restructuring and the breakout of parasite […] The post Pennon share dip as Devon parasite costs hit profits appeared first on UK Investor Maga…

South West Water owner says rising bills will fund £3.2bn investment plans

The announcement comes as Pennon reports widening losses