Thu, 19 Feb 2026

Thu, 19 Feb 2026 Warmer weather hits profits at British Gas owner

Savvy bill payers shopping around for fixed-tariff energy deals also dented earnings at British Gas.

* British Gas took an £80m hit due to warmer weather, contributing to a slump in profits
* Operating profits at its residential supply business fell 39% to £163m
* Despite the shift, British Gas grew its customer base for the first time in over a decade, reaching 7.5 million customers in the UK
* The UK's warmest and sunniest year on record in 2025 led to lower energy prices and volatility
* Centrica's operating profits fell to £814m from £1.55bn in 2024
* Shares in Centrica traded down over 7% after announcing its full-year results
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