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Pennon Group /£PNN

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About Pennon Group

Pennon Group PLC is a British water utility and environmental infrastructure company headquartered in Exeter, England. Founded in 1989, the company operates primarily in the water and wastewater management sectors, providing services across the South West of England through its subsidiary, South West Water. Pennon Group is listed on the London Stock Exchange under the ticker symbol PNN and is a constituent of the FTSE 250 Index, focusing on sustainable water and waste management solutions.
Ticker
£PNN
Sector
Utilities
Primary listing
LSE
Employees
3,809
Headquarters
Exeter, United Kingdom
Website
www.pennon-group.co.uk

Pennon Group Metrics

BasicAdvanced
£1.6B
18.03
£0.19
0.57
£0.29
8.42%

What the Analysts think about Pennon Group

Analyst ratings (Buy, Hold, Sell) for Pennon Group stock.
Analyst projections of the future price of Pennon Group stock.

Bulls say / Bears say

Pennon returned to statutory pre-tax profit of £114.4 million in 2025/26, while revenue rose 23% and underlying EBITDA increased 55%. Higher regulated water revenue and cost control suggest earnings recovery is gaining traction. (Pennon Group)
Ofwat’s draft determination provisionally allows additional investment, and Pennon plans about £3.6 billion of regulated-water investment over AMP8, targeting more than 40% growth in regulatory capital value by 2030. If delivered and funded on the expected terms, this could expand the base that earns regulated returns. (Investegate)
The fully underwritten £550 million rights issue is intended to fund the expanded investment plan, while Pennon targets regulated-water gearing below 65% of regulatory capital value through AMP8. This funding reset could limit reliance on additional borrowing as capital spending rises. (Investegate)
The £550 million rights issue requires shareholders to contribute fresh capital, with the offer price set at a 35.5% discount to the theoretical ex-rights price. Pennon also expects an approximately 30% reduction in dividend per share for 2026/27, weakening the near-term income case. (Proactive Investors, Investegate)
South West Water was fined £7.87 million after pleading guilty to 18 pollution-related offences, with the judge citing reckless failures in management systems. Pennon also reported £42 million of net operational incentive penalties for 2025/26, highlighting environmental and service-performance risks that could persist. (Environment Agency, Pennon Group)
RBC downgraded Pennon, citing a tougher AMP8 outlook and estimating average returns of about 5%, with operational penalties dragging on performance. That leaves limited room for the enlarged investment programme to translate into attractive shareholder returns if the turnaround is slow. (Investing.com)
Data summarised monthly by Lightyear AI. Last updated on 12 Oct 2026.

Pennon Group Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Pennon Group Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing Pennon Group

AllUSDGBPEUR
Funds
Fund name
Fund size
£PNN weighting
iShares Global Water£IH2O
$2.2B1.73%
iShares Global Water€IQQQ
$2.1B1.73%
L&G Clean Water$GLUG
$772M1.53%
L&G Clean Water£GLGG
$772M1.53%
iShares UK Dividend£IUKD
£1.3B0.91%
Latest price is delayed by 15 minutes. Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by London Stock Exchange, through Infront.