Anglian Water delivered a 10.6% increase in operating profit to £283m at its half-year results announced on 5 December, returning to an adjusted profit before tax of £107.2m compared to a loss of £62m in the half year 2023-2024.
It delivered its highest-ever level of capital expenditure, £529m up from £449m in September 2023, in order to address pollution performance, deliver nature-based solutions, build water resilience and plan work on its two proposed reservoirs.
Chief executive Mark Thurston said: “We continue to have the full support of our shareholders, who earlier this year agreed an extra £100m to accelerate progress on pollutions.” Since January 2024, Anglian has recorded seven serious pollution incidents and its performance was rated ‘Lagging Behind’ in Ofwat’s latest performance report, below Thames (now rated Average) and in line with Southern.
Anglian is not reporting an interim dividend. It reported a full-year dividend of £88.6m in the year 2023-2024.
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