Centrica PLC  

Centrica PLC (LSE: CNA) is listed under FTSE 100 index engaging in repairment, installation, and maintenance of domestic central heating and related appliances. Further, its British Gas Energy segment is inculcating electricity and gas supplies to small business and residential customers.

H1 FY24 Results (Released on 25 July 2024)

• Financial Update: In the first half of 2024, free cash flow was GBP 0.8 bn, a decrease from GBP 1.4 bn in the first half of 2023, largely due to a drop in adjusted operating profit. This figure was partly supported by dividends from nuclear investments. The statutory net operating cash flow for the same period was also GBP 0.8 bn, significantly lower than the GBP 2.5 bn in the first half of 2023, which included GBP 0.1 bn from margin cash and collateral inflows, down from GBP 1.1 bn the previous year.
• Cash Flows: In the first half of 2024, the free cash flow stood at GBP 0.8 bn, a decrease from GBP 1.4 bn in the same period of 2023, reflecting changes in adjusted operating profit and supported by dividends from nuclear investments. The statutory net operating cash flow also recorded GBP 0.8 bn, significantly lower compared to GBP 2.5 bn in the first half of 2023, which included GBP 0.1 bn from margin cash and collateral inflows—a reduction from GBP 1.1 bn inflows last year.
• Outlook: In 2024, all Retail energy supply and Optimisation businesses are expected to achieve their medium-term sustainable adjusted operating profit ranges two years ahead of schedule. However, the group faces a challenging future due to low seasonal spreads. Profitability for the group is projected to be higher in the first half of 2024. Net cash for the group is expected to decrease in the second half of the year, influenced by increased capital investments and the timing of dividend payments.

Share Price Chart

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Centrica PLC (LSE: CNA) was trading at the current market price of GBX 121.90  (as of 06 August 2024, 10:25 AM GMT+1)

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 06 August 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 4: Dividend Yield may vary as per the stock price movement.