SSE generates nearly £10bn for UK economy
Leading electricity infrastructure company SSE has delivered a record year of investment, announcing adjusted operating profit of £2,237m and earnings per share of 153.5p.
SSE’s record £3.6bn investment contributed £9.7bn of gross value added to the economy supporting 83,360 jobs in the UK according to its recently published accounts.
Image: SSE
A £3.6bn spend in 2025/26 resulted in strengthening the UK’s electricity grid, accelerating electrification and setting the UK on a path to lower energy bills for consumers wit the company investing 60% more than it made in adjusted operating profit into building critical national infrastructure during the financial year.
The company announced a five-year, £33bn investment plan to 2030 in November last year, primarily focused on strengthening the electricity network in the north of Scotland. The investment is designed to support economic growth, improve energy security and enable the UK’s energy transition.
Major projects are now well under way across electricity networks, renewables and flexible generation, helping unlock homegrown energy and reduce long-term system costs.
In results for the year ending 31 March 2026, SSE delivered financial performance towards the upper end of guidance, underpinned by strong operational delivery and a resilient, balanced business.
Martin Pibworth Image:SSE
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.”
SSE reported adjusted operating profit of £2,237m for the year to 31 March 2026, 8% lower than last year, with total Group investment up 23%.
Images: SSE
Overall, the Group invested more than it made in adjusted operating profit over the year, underlining its focus on building critical national infrastructure. Around 40% of profit came from the networks business, reflecting increased investment.
Renewables profits rose by around 4% despite weaker weather, while profits in Flexibility — including gas‑fired and multifuel generation and energy supply — were around 15% lower, reflecting market conditions.
The company is recommending a final dividend of 47.3 pence, taking the full-year dividend to 68.7 pence, up 7%.
The Group also contributed €1.4bn (£1.2bn) to the Irish economy over the year.