Centrica ( (CPYYY) ) has released its Q4 earnings. Here is a breakdown of the information Centrica presented to its investors.
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Centrica plc is a UK-based energy company primarily involved in the supply of electricity and gas, energy services, and energy trading, with a notable focus on the energy transition and decarbonization efforts.
In its latest earnings report for 2024, Centrica demonstrated a strong financial performance amidst a normalized market environment, committing £2 billion of its £4 billion investment program to projects delivering attractive returns. The company announced a 13% increase in its full-year dividend per share and a significant extension to its share buyback program.
Key financial highlights included an adjusted EBITDA of £2.3 billion, down from the previous year, and an adjusted operating profit of £1.6 billion. The company’s focus on operational excellence and commercial innovation was evident, with improved customer satisfaction metrics across its business units and progress in smart meter installations. Centrica also made strategic announcements regarding its investments in the UK and Irish energy infrastructure, including nuclear life extensions and the development of new power generation plants.
Looking forward, Centrica remains committed to the energy transition and aims to achieve £1.6 billion adjusted EBITDA by the end of 2028. The company plans to increase its 2025 dividend per share while maintaining financial resilience to support ongoing capital returns and new investments.
