
Severn Trent Plc Trading Update
Severn Trent Plc today announces the following trading update for the period to 9 July 2025.
Strong start to AMP81
Financial performance for the year remains on track, and we expect to perform in line with guidance, including delivering at least £25m in ODI2 reward in FY26. We anticipate the main contributors of our operational outperformance to be improvements in leakage, driven by increased proactive work to find and fix leaks, and our continued efforts to bring down storm overflow spills.
Over 2,000 storm overflow interventions have contributed to an average spills performance of around five for the first six months of 2025. This is a 65% reduction on the equivalent period in 2024, meaning we are firmly on track to achieve our target to reduce average spills to below 18 this year.
In the first quarter, we have invested around £360m in our capital programme, up 19% year on year, and we are on track to deliver between £1.7bn and £1.9bn of capital expenditure in FY26.
We will announce our interim results for FY26 on 19 November 2025.
Footnotes
1. Asset Management Plan ('AMP')
The regulatory cycle is broken up into five-year periods known as AMP (Asset Management Plan) periods. The current period is known as AMP8 (1 April 2025 to 31 March 2030).
2. Outcome Delivery Incentives ('ODIs')
A framework made up of outcomes, measures, targets and incentives which provides companies with rewards for achieving stretching performance targets and compensates customers if performance is below performance targets. Customer ODIs are quoted post-tax in 2022/23 prices.
Enquiries
Investors & Analysts | | |
Nicola Whitehouse | Severn Trent Plc | +44 (0) 748 450 8198 |
Head of Investor Relations | | |
| | |
Andy Farrell | Severn Trent Plc | +44 (0) 798 939 0825 |
Investor Relations Manager | | |
| | |
Media | | |
Tamsin Morgan Head of Communications | Severn Trent Plc
| +44 (0) 247 771 5640
|
Press Office | Severn Trent Plc | +44 (0) 247 771 5640 |
Cautionary statement regarding forward-looking statements
This document contains statements that are, or may be deemed to be, 'forward-looking statements' with respect to Severn Trent's financial condition, results of operations and business and certain of Severn Trent's plans and objectives with respect to these items.
Forward-looking statements are sometimes, but not always, identified by their use of a date in the future or such words as 'anticipates', 'aims', 'due', 'could', 'may', 'will', 'would', 'should', 'expects', 'believes', 'intends', 'plans', 'projects', 'potential', 'reasonably possible', 'targets', 'goal', 'estimates' or words with a similar meaning, and, in each case, their negative or other variations or comparable terminology. Any forward-looking statements in this document are based on Severn Trent's current expectations and, by their very nature, forward-looking statements are inherently unpredictable, speculative and involve risk and uncertainty because they relate to events and depend on circumstances that may or may not occur in the future.
Forward-looking statements are not guarantees of future performance and no assurances can be given that the forward-looking statements in this document will be realised. There are a number of factors, many of which are beyond Severn Trent's control, that could cause actual results, performance and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to: the Principal Risks disclosed in our latest Annual Report and Accounts (which have not been updated since the date of its publication); changes in the economies and markets in which the Group operates; changes in the regulatory and competition frameworks in which the Group operates; the impact of legal or other proceedings against or which affect the Group; and changes in interest and exchange rates.
All written or verbal forward-looking statements, made in this document or made subsequently, which are attributable to Severn Trent or any other member of the Group or persons acting on their behalf are expressly qualified in their entirety by the factors referred to above. This document speaks as at the date of publication. Save as required by applicable laws and regulations, Severn Trent does not intend to update any forward-looking statements and does not undertake any obligation to do so. Past performance of securities of Severn Trent Plc cannot be relied upon as a guide to the future performance of securities of Severn Trent Plc.
Nothing in this document should be regarded as a profits forecast.
Certain information contained herein is based on management estimates and Severn Trent's own internal research. Management estimates have been made in good faith and represent the current beliefs of applicable members of Severn Trent's management. While those management members believe that such estimates and research are reasonable and reliable, they, and their underlying methodology and assumptions, have not been verified by any independent source for accuracy or completeness and are subject to change without notice, and, by their nature, estimates may not be correct or complete. Accordingly, no representation or warranty (express or implied) is given to any recipient of this document that such estimates are correct or complete.
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