Trading Statement | Company Announcement
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www.investegate.co.ukHere’s the latest I can confirm about Pennon Group from recent publicly available updates:
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Pennon Group says its performance is improving and remains on track to deliver a robust return to profit, with a trading update noting an improvement in earnings and that weather-related costs are being managed. This update also mentions that a new CEO would commence in April 2026 and that regulatory probes related to wastewater incidents are expected to close within the year. [source: MarketScreener report dated March 9/10, 2026 ][1]
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In the same period, Pennon indicated that two renewable generation sites in Scotland under Pennon Power are now energised, with two more progressing toward connection, and all four sites projected to be operational by the end of the 2027 financial year, contributing a meaningful portion of the company’s energy needs. [source: MarketScreener report dated March 9/10, 2026 ][1]
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MarketScreener also tracks a broader schedule of Pennon-related updates in 2026, including the planned appointment of Ian Christie as Chief Asset Officer (effective May 4, 2026) and other board and regulatory developments. [source: MarketScreener listing for 2026 updates, and press release pages ][2][6]
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For context, Pennon’s formal investor materials and regulatory disclosures cover ongoing trading statements, full-year results timing, and governance changes. The company’s investor information page confirms its long-term strategy as a leader in UK infrastructure and environmental services. [source: Pennon investor information page, press releases ][5][6]
Notes and practical takeaways:
- Focus on the upcoming leadership transition: new CEO starting April 1, 2026 (Keith Haslett) and other executive appointments are part of 2026 updates. [source: MarketScreener update ][1]
- Regulatory proceedings: EA wastewater prosecutions from 2015–2021 are expected to conclude within 2026, with related court processes for water quality incidents anticipated to wrap up by summer 2026. [source: MarketScreener update ][1]
- Renewable expansion: Pennon Power’s Scottish sites are advancing toward full operation, aiming to supply about 40% of Pennon’s total energy consumption when complete by 2027. [source: MarketScreener update ][1]
If you’d like, I can compile a concise one-page briefing with: key financials (EBITDA progression, ROE target to 2030), leadership timeline, regulatory milestones, and the status of the Scottish renewable projects, with citations.