Logotype for United Utilities Group PLC

United Utilities Group (UU) investor relations material

United Utilities Group H1 25/26 (Q&A) earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for United Utilities Group PLC
H1 25/26 (Q&A) earnings summary13 Nov, 2025

Executive summary

  • Strong operational and financial performance reported for the first year of AMP8 and H1 2025/26, with a 21% revenue increase and significant progress on environmental and customer service targets.

  • Over £13 billion investment plan for the North West is on track, supporting 30,000 jobs and major infrastructure upgrades.

  • Notable reduction in storm overflow spills (c.40% year-to-date) and increased leakage repairs, with customer service targets met and doubled affordability support for over 400,000 customers.

  • Recognized as the top listed company for customer service, with all three regulatory service measures in reward.

  • Demonstrated resilience against storm events and drought, with significant reductions in CSO spills and duration.

Financial highlights

  • Revenue: £1,309.2m (+21% year-over-year); underlying EBITDA: £803.7m (+39.5%); underlying operating profit: £561.5m (+67.3%).

  • Underlying EPS: 52.8p (+97%); interim dividend per share: 17.88p (+3.5%).

  • Net regulatory capex: £568.5m (+21.8%); net debt: £9,610m (+6.2%); RCV gearing: 60%.

  • Net finance expense increased 28% to £197m; profit after tax up 97% to £359.9m.

  • Pension surplus: £293m (IAS 19 basis); fully funded pension scheme.

Outlook and guidance

  • FY26 revenue expected between £2.5bn and £2.6bn, with underlying EPS around 100p and capex projected at c.£1.5bn.

  • Underlying operating costs expected to decrease, offsetting inflation and asset base growth; depreciation and net finance expense will rise by c.£50m each.

  • Dividend policy remains progressive and inflation-linked.

  • Net customer ODI penalty forecast for 2025/26, but a net reward position is expected over the full AMP period as infrastructure investments deliver benefits.

  • Ongoing discussions with regulators regarding reopeners and uncertainty mechanisms, with a focus on smoothing CapEx profiles and addressing new investment needs.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next United Utilities Group earnings date

Logotype for United Utilities Group PLC
H2 25/2614 May, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next United Utilities Group earnings date

Logotype for United Utilities Group PLC
H2 25/2614 May, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

United Utilities Group PLC provides water and wastewater services in the United Kingdom. The company is involved in the management of water and wastewater networks; treatment of water; supply of bottled water; and provision of gas central heating, plumbing, and repair services. It also supplies electricity; sells construction materials; provides IT consultancy, development, and managed services; manufactures chemicals for use in the water industry; and manages landfill sites for the disposal of non-hazardous waste.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage