- Centrica exceeded its estimated adjusted operating profit, reporting GBP1.55 billion against an estimate of GBP1.53 billion, despite a year-on-year decrease of 44%.
- British Gas Services & Solutions recorded a 43% year-on-year increase in adjusted operating profit to GBP67 million, slightly below the GBP74 million estimate.
- British Gas Energy saw a significant 60% year-on-year decline in adjusted operating profit but exceeded estimates, achieving GBP297 million against an estimate of GBP224.3 million.
- Bord Gais Energy’s adjusted operating profit increased to GBP63 million from GBP1.00 million year-on-year, surpassing the estimate of GBP56.9 million.
- Centrica Business Solutions reported a 30% year-on-year decrease in adjusted operating profit to GBP73 million, beating the estimated GBP69.2 million.
- Energy Marketing & Trading’s adjusted operating profit fell by 60% year-on-year to GBP307 million, below the estimate of GBP366.5 million.
- Upstream operations recorded a 27% year-on-year decline, with adjusted operating profit at GBP789 million, missing the GBP847.7 million estimate.
- Spirit Energy’s adjusted operating profit surged 85% year-on-year to GBP434 million, slightly under the GBP445.6 million estimate.
- Nuclear faced a 34% year-on-year drop in adjusted operating profit to GBP353 million, below the estimate of GBP415 million.
- Adjusted net income decreased by 47% year-on-year to GBP984 million, matching estimates.
- Adjusted earnings per share came in at 19p, down from 33.4p year-on-year, meeting the estimate.
- Revenue was GBP24.64 billion, representing a 26% year-on-year decline but exceeding the GBP23.76 billion estimate.
- EBITDA dropped 34% year-on-year to GBP2.31 billion, surpassing the GBP2.05 billion estimate.
- The final dividend per share was declared at 3p.
- Net cash position improved by 4.2% year-on-year to GBP2.86 billion, outperforming the GBP2.53 billion estimate.
- Net cash from operating activities fell by 58% year-on-year to GBP1.15 billion, slightly below the GBP1.16 billion estimate.
- Free cash flow declined by 55% year-on-year to GBP989 million.
- Centrica’s 2025 outlook remains unchanged, with an expansion planned in the Irish Power Market.
- The company signed a supply agreement for Brazilian LNG.
- An additional £500 million share buyback extension was announced, bringing the total program to £2.0 billion, targeted for completion by the end of 2025, depending on market conditions.
- Centrica intends to raise its 2025 dividend per share to 5.5p.
- There is strong market sentiment with 15 buy ratings, 3 hold ratings, and no sell ratings for Centrica.
A look at Centrica PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Centrica PLC, an integrated energy company known for its diverse range of home and business energy solutions, has been forecasted to have a positive long-term outlook based on the Smartkarma Smart Scores. With strong scores in Growth and Resilience, the company seems well-equipped to expand and adapt to market challenges. This indicates promising potential for Centrica PLC to sustain growth and withstand economic uncertainties in the energy sector.
While Centrica PLC has received average scores in Value, Dividend, and Momentum, the high ratings in Growth and Resilience suggest a solid foundation for future success. The Company’s ability to innovate and remain resilient in the face of evolving market conditions positions it favorably for long-term growth and stability.
Summary: Centrica PLC is an integrated energy company offering a wide range of home and business energy solutions, sourcing, generating, processing, storing, trading, saving, and supplying energy along with related services. With a strong emphasis on growth and resilience, the company appears well-positioned for continued success in the energy market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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