SSE (LON: SSE) expects adjusted earnings per share of 64p to 68p for the first half of its financial year, and says expectations for each business unit are unchanged. The company issued the trading update today ahead of half-year results on the 18th of November.
SSE said seasonality is lower given the rising proportion of earnings from regulated networks.
The business-unit expectations remain subject to weather, market conditions and plant availability. SSE remains on track for adjusted EPS of 168p to 193p for 2026/27 and 225p to 250p for 2029/30.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
At 08:07 UK time the shares stood at 2,480p, down 11p or 0.44% from yesterday’s close of 2,491p, after opening at 2,467p and trading between 2,453p and 2,506p. They are up 13.8% this year from 2,179p and 10.4% below the 52-week high of 2,767.5p set on the 13th of April.
Investment is about 70% higher than a year earlier, with the majority in Transmission across 11 major projects.
Renewables output is about 20% higher, on favourable weather and capacity growth. Dogger Bank is progressing well and in line with expectations, and turbine installation on Dogger Bank B is beyond half-way.
Capital expenditure for the half-year is about £2.5bn. Adjusted net debt and hybrid capital is about £11.5bn.
SSE said the key winter months are still to come, so weather, market conditions and plant availability remain the factors to watch. Half-year results follow on the 18th of November.
