Severn Trent (SVT) Trading update summary

Operational and financial performance

• Strong momentum established in the first year of the regulatory period, with financial performance in line with expectations.

• Capital investment expected at the top end of £1.7–£1.9 billion guidance, marking a record year.

• On track to deliver at least £40 million in rewards from outcome delivery incentives and price control deliverables.

Environmental and regulatory progress

• Confident of achieving a 4-star Environmental Performance Assessment for the seventh consecutive year.

• All price control deliverable milestones and associated rewards expected to be met this year.

• Welcomed the Government's White Paper and anticipates further clarity in the upcoming Transition Plan.

Leadership and outlook

• CEO highlights strong team performance and focus on delivering for customers and communities.

• Capital programme is progressing well, supporting delivery of environmental and financial targets.

• Full-year results for FY26 to be announced on 20 May 2026; AGM scheduled for 9 July 2026.