Centrica’s underlying EPS dropped to GBX 7 in the first half, leading to a net loss per share of GBX 5.1 due to challenging market conditions and warm weather. The firm repurchased GBP 374 million of shares and plans to repurchase GBP 500 million more, highlighting its undervaluation and the end of the earnings boom from the energy crisis.

Adjusted EBIT fell by 47% to GBP 0.55 billion, driven by declines in Centrica Energy, nuclear, and Spirit Energy. British Gas Energy’s EBIT increased by 13%, offsetting some losses. Centrica posted a net loss per share of GBX 5.1, attributed to losses on derivative energy contracts and impairments on assets due to lower price assumptions.

Read more at Morningstar: Weak as Expected; 2025 Outlook Maintained; Shares Attractive