SSE has reported a step-up in capital spending, investing £3.6bn in 2025/26 to reinforce the UK's electricity system, accelerate electrification and help put consumers on a path to lower energy bills over time. The Group invested around 60% more than it earned in adjusted operating profit during the year, prioritising critical national infrastructure.
The company's five‑year, £33bn investment programme to 2030, announced in November, is progressing, with a primary focus on strengthening the electricity network in the north of Scotland to back economic growth, bolster energy security and enable the energy transition.
SSE said the higher level of activity added £9.7bn in gross value to the UK economy over the year, including £3.4bn in Scotland, with major projects advancing across electricity networks, renewables and flexible generation to unlock homegrown energy and cut long‑term system costs. The Group also contributed €1.4bn (£1.2bn) to the Irish economy.
For the year ended 31 March 2026, financial performance came in towards the top end of guidance, underpinned by strong operations and a resilient, balanced portfolio. Headline metrics included adjusted operating profit of £2,237m, adjusted earnings per share of 153.5p, and a recommended final dividend of 47.3p, taking the full‑year payout to 68.7p, up 7%.
Martin Pibworth, Chief Executive, said: "This year has demonstrated the strength and resilience of SSE's integrated model. We met all our financial and operational targets and delivery of our fully-funded £33bn investment plan to 2030 – focusing on Networks, Renewables and Flexibility – is well under way. That investment is central to long‑term value creation. It is reducing the UK's exposure to volatile global energy markets and providing more stable, predictable returns through the energy transition, while supporting economic growth and cutting bills for consumers.
"By operating our business efficiently and optimally, while accelerating electrification and building energy infrastructure to unlock homegrown renewables, we are strengthening energy security and lowering system costs over time. With record levels of capital investment in line with our plan and strong momentum across the Group, we are well placed to deliver sustainable growth and value creation for our shareholders while helping to build a more affordable and secure energy system for the UK."
Group investment rose 23% year on year, and overall SSE invested more than it generated in adjusted operating profit. Around 40% of profit came from its networks business, reflecting increased spending. Renewables profits were up about 4% despite weaker weather, while profits from Flexibility — including gas‑fired and multifuel generation and energy supply — were roughly 15% lower amid market conditions.
SSE estimates its capital programme supported 83,360 jobs across the UK during the year.
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