SSE (SSE) Q1 2025 TU earnings summary

Executive summary

• Q1 operational performance met expectations, with renewables output up 60% year-over-year due to normalized weather and increased capacity.

• Progress continues on major energy infrastructure projects, supporting the Net Zero Acceleration Programme Plus (NZAP Plus).

• The new UK Government's clean energy mission aligns with SSE's investment strategy.

Financial highlights

• Financial outlook and expectations for business units remain unchanged from May, subject to weather, market conditions, and plant availability.

• Two-thirds of revenue is either regulated or backed by existing government policy.

Outlook and guidance

• On track to meet 2027 growth targets, underpinned by world-class assets and balance sheet strength.

• Enhanced clean power targets from the UK Government support further investment in renewables and networks.