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SSE (Q3 Update): profit guidance in line with forecasts

SSE’s full-year profit outlook landed in line with market expectations, and investment in its Network businesses ramps up.
SSE - engineers inspect an electricity pylon.jpg

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Prices delayed by at least 15 minutes

SSE’s Renewables output rose 7% to 9.9TWh over the first nine months to 31 December 2025. The uplift reflects an increase in capacity against a backdrop of “mixed weather conditions”. Largely due to this uplift, energy output from SSE’s flexible thermal (gas-fired) plants fell by 15% to 10.6TWh.

Investment in the group’s Networks businesses jumped 64% higher to around £1.8bn over the period, as part of the group’s £33bn five-year investment plan.

Full-year underlying earnings per share (EPS) is expected to be in the 144-152 range, in line with market forecasts.

The shares were broadly flat in early trading.

Our view

HL view to follow.

SSE key facts

All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.

This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.

This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment.

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Written by
Aarin Chiekrie
Aarin Chiekrie
Equity Analyst

Aarin is a member of the Equity Research team and a CFA Charterholder. Alongside our other analysts, he provides regular research and analysis on individual companies and wider sectors. Having a keen interest in global economics, he knows how macro-events can impact individual companies.

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Article history
Published: 4th February 2026