27 July 2023
- Centrica saw strong operational and financial performance in the first half of 2023, benefiting from a balanced portfolio
- Adjusted basic EPS of 25.8p, up from 11.0p in 2022
- Closing adjusted net cash of £3.1bn compared to £1.2bn at the end of 2022.
- Interim dividend up 33% to 1.33p per share.
- Share buyback programme extended by £450m
- Centrica outlines a green-focused investment strategy with annualised investment building to £600m-£800m until 2028
- 2023 full year adjusted earnings and free cash flow expected to be heavily weighted towards H1
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Results announcement
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“Our integrated portfolio of businesses and the relentless focus from our 20,000 amazing colleagues has enabled us to deliver another strong financial performance, which includes significant one-off recovery of past costs through the UK price cap mechanism. I'm proud of the incredible work our colleagues do every day to help customers struggling with the cost-of-living crisis. We are doing more than any other UK energy company – and we will continue to be there when our customers need us.”