Centrica Reports 39% Profit Drop, Pauses Share Buyback Amid Major Investments
Centrica, the owner of British Gas, reported a 39% drop in adjusted earnings to £1.4bn for 2025, prompting the pause of its share buyback program. Despite challenging conditions, including lower gas and electricity usage due to milder weather, the company achieved customer growth across its retail divisions. CEO Chris O'Shea emphasized ongoing investments in projects like Sizewell C and Grain LNG, stating long-term opportunities remain strong.
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Centrica announced a 39% decline in adjusted earnings, reporting £1.4bn for the year ending December 31, 2025, down from £2.3bn in 2024. This decline led to the suspension of its share buyback program.
The company faced reduced energy consumption due to milder weather, though it experienced a 1% increase in household customers to nearly 8 million. Centrica invested £1.3bn in Sizewell C and acquired Grain LNG for £1.5bn, positioning itself for future growth. Despite challenges, CEO Chris O'Shea expressed optimism about long-term profitability.
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