SSE plc, the Perth-based electricity infrastructure giant, has reported revenue of £10.187 billion for the year ended March 31, 2026, up from £10.132 billion the previous year, and profit before tax of £1.837 billion, a decline of 1%.
The Scottish FTSE 100 firm said its full year dividend will rise 7% to 68.7p per share.
SSE said: “Record year delivering £3.6bn capital investment, as construction programme gains momentum.
“Financial results towards the upper end of guidance, reflecting strong operational performance.
“Delivery of fully-funded £33bn investment plan to 2030 well under way.”
SSE added: “Over the last year, the ramp up in SSE’s investment contributed to £9.7bn being added to the UK economy, £3.4bn of which was in Scotland. Major projects are now well under way across electricity networks, renewables and flexible generation, helping unlock homegrown energy and reduce long-term system costs.”
SSE employs 14,000 people and is the largest London-listed firm run from Scotland, with a stock market value of roughly £30 billion.
SSE CEO Martin Pibworth 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.”
REACTION:
Aarin Chiekrie, equity analyst, Hargreaves Lansdown: “SSE charged to the top end of its full-year earnings guidance, driven by increased investment and higher allowed revenues in its Transmission business. The group’s also playing its part in the energy transition, with output from its Renewable assets rising 9% to 14.5TWh as more capacity came online.
“However, this progress was offset by a large, expected decline in profitability in its Distribution business, with last year benefitting from a periodic inflation adjustment. That, and a dilutive £2bn equity raise in November 2025, saw the group’s earnings per share decline by 5% to 153.5p.
“Looking ahead, we think SSE is stepping into a new era of growth. The group’s set to spend £33bn over the five years to 2030 upgrading its energy infrastructure, marking a 300% uplift in its investment levels over the prior five years. Most of this total, around 80%, is set to be spent on its regulated UK electricity networks.
“We like the shift in investment focus towards networks, which should see its asset base grow by around 25% annually over the period. Not only is this division’s revenue power tied to the value of its asset base, but these revenues are also positively linked to inflation, providing valuable protection if macroeconomic conditions deteriorate.
“As a result of the step-up in investment spending, SSE expects it to help fuel double-digit annual earnings growth out to 2030.”