| Severity | Code | Message |
|---|---|---|
| WARNING | message:positive | Reported value is below 0 |
| WARNING | message:positive | Reported value is below 0 |
| WARNING | message:positive | Reported value is below 0 |
| WARNING | message:tech_duplicated_facts1 | Duplicated facts with different values have been reported for: ix:nonNumeric, value:<div class="t m0 h18 ff1 fs1 fc0 sc0 ls47 ws4a gs5fd">2.<span class="_ _0"></span>7 Alternat<span class="_ _1"></span>ive perform<span class="_ _1"></span>ance measures<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs5fe">The alternative performance measures (AP<span class="_ _0"></span>Ms)<span class="_ _0"></span> glossar<span class="_ _1"></span>y to these Consolidat<span class="_ _0"></span>ed financial statements on page 2<span class="_ _0"></span>77 provides details<span class="_ _0"></span> of<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs5ff">all<span class="_ gs7"> </span>A<span class="_ _1"></span>PMs u<span class="_ _1"></span>se<span class="_ _1"></span>d, ea<span class="_ _1"></span>ch APM’s c<span class="_ _1"></span>los<span class="_ _1"></span>est IF<span class="_ _1"></span>RS e<span class="_ _1"></span>qui<span class="_ _1"></span>val<span class="_ _1"></span>ent<span class="_ _1"></span>, t<span class="_ _1"></span>he rea<span class="_ _1"></span>so<span class="_ _1"></span>n why t<span class="_ _1"></span>he APM i<span class="_ _1"></span>s use<span class="_ _1"></span>d by th<span class="_ _1"></span>e Gro<span class="_ _1"></span>up an<span class="_ _1"></span>d a defi<span class="_ _1"></span>nit<span class="_ _1"></span>ion of h<span class="_ _1"></span>ow ea<span class="_ _1"></span>ch A<span class="_ _1"></span>PM </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws8b gs600">is<span class="_ gs7"> </span>c<span class="_ _1"></span>alc<span class="_ _1"></span>ula<span class="_ _1"></span>ted<span class="_ _1"></span>.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs601">T<span class="_ _1"></span>he Gr<span class="_ _1"></span>oup p<span class="_ _1"></span>res<span class="_ _1"></span>ent<span class="_ _1"></span>s Ad<span class="_ _1"></span>just<span class="_ _1"></span>ed re<span class="_ _1"></span>sult<span class="_ _1"></span>s i<span class="_ _1"></span>n the C<span class="_ _1"></span>on<span class="_ _1"></span>soli<span class="_ _1"></span>da<span class="_ _1"></span>ted in<span class="_ _1"></span>co<span class="_ _1"></span>me st<span class="_ _1"></span>at<span class="_ _1"></span>eme<span class="_ _1"></span>nt. M<span class="_ _1"></span>an<span class="_ _1"></span>age<span class="_ _1"></span>men<span class="_ _1"></span>t be<span class="_ _1"></span>liev<span class="_ _1"></span>es th<span class="_ _1"></span>at t<span class="_ _1"></span>his ap<span class="_ _1"></span>pro<span class="_ _1"></span>ac<span class="_ _1"></span>h is us<span class="_ _1"></span>efu<span class="_ _1"></span>l as it<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs602">provides a<span class="_ _0"></span> clear and consi<span class="_ _0"></span>stent view o<span class="_ _0"></span>f underlying trading per<span class="_ _1"></span>formance.<span class="_ _0"></span> Exceptional items and<span class="_ _0"></span> cert<span class="_ _1"></span>ain r<span class="_ _0"></span>emeasurement<span class="_ _1"></span>s ar<span class="_ _0"></span>e excluded </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs603">fro<span class="_ _1"></span>m Adj<span class="_ _1"></span>uste<span class="_ _1"></span>d res<span class="_ _1"></span>ult<span class="_ _1"></span>s an<span class="_ _1"></span>d are p<span class="_ _1"></span>res<span class="_ _1"></span>ent<span class="_ _1"></span>ed in a s<span class="_ _1"></span>ep<span class="_ _1"></span>ara<span class="_ _1"></span>te c<span class="_ _1"></span>olum<span class="_ _1"></span>n in t<span class="_ _1"></span>he Co<span class="_ _1"></span>nso<span class="_ _1"></span>lid<span class="_ _1"></span>ate<span class="_ _1"></span>d inc<span class="_ _1"></span>ome s<span class="_ _1"></span>ta<span class="_ _1"></span>tem<span class="_ _1"></span>ent<span class="_ _1"></span>. T<span class="_ _1"></span>he Gr<span class="_ _1"></span>oup b<span class="_ _1"></span>eli<span class="_ _1"></span>eves t<span class="_ _1"></span>ha<span class="_ _1"></span>t thi<span class="_ _1"></span>s </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs604">presentation provides u<span class="_ _0"></span>sef<span class="_ _1"></span>ul<span class="_ _0"></span> information about the financial<span class="_ _0"></span> per<span class="_ _1"></span>formance of<span class="_ _0"></span> the business and i<span class="_ _0"></span>s consistent<span class="_ _0"></span> with the way the<span class="_ _0"></span> Bo<span class="_ _1"></span>ard </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs605">and ex<span class="_ _0"></span>ecut<span class="_ _1"></span>ive<span class="_ _0"></span> management assess the per<span class="_ _1"></span>formance o<span class="_ _0"></span>f the business.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs606">T<span class="_ _1"></span>he Gr<span class="_ _1"></span>oup h<span class="_ _1"></span>as a po<span class="_ _1"></span>lic<span class="_ _1"></span>y and f<span class="_ _1"></span>ra<span class="_ _1"></span>mew<span class="_ _1"></span>ork f<span class="_ _1"></span>or th<span class="_ _1"></span>e det<span class="_ _1"></span>er<span class="_ _1"></span>min<span class="_ _1"></span>ati<span class="_ _1"></span>on of t<span class="_ _1"></span>ra<span class="_ _1"></span>ns<span class="_ _1"></span>act<span class="_ _1"></span>io<span class="_ _1"></span>ns to be p<span class="_ _1"></span>res<span class="_ _1"></span>en<span class="_ _1"></span>ted a<span class="_ _1"></span>s exce<span class="_ _1"></span>pti<span class="_ _1"></span>ona<span class="_ _1"></span>l. E<span class="_ _1"></span>xcep<span class="_ _1"></span>ti<span class="_ _1"></span>ona<span class="_ _1"></span>l ite<span class="_ _1"></span>ms are<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs607">exc<span class="_ _1"></span>lud<span class="_ _1"></span>ed fr<span class="_ _1"></span>om Adj<span class="_ _1"></span>uste<span class="_ _1"></span>d res<span class="_ _1"></span>ult<span class="_ _1"></span>s as t<span class="_ _1"></span>he<span class="_ _1"></span>y are t<span class="_ _1"></span>ra<span class="_ _1"></span>ns<span class="_ _1"></span>act<span class="_ _1"></span>ion<span class="_ _1"></span>s th<span class="_ _1"></span>at ar<span class="_ _1"></span>e dee<span class="_ _1"></span>med t<span class="_ _1"></span>o be o<span class="_ _1"></span>ne-<span class="_ _1"></span>of<span class="_ _1"></span>f or un<span class="_ _1"></span>like<span class="_ _1"></span>ly to re<span class="_ _1"></span>oc<span class="_ _1"></span>cur i<span class="_ _1"></span>n fut<span class="_ _1"></span>ure y<span class="_ _1"></span>ear<span class="_ _1"></span>s du<span class="_ _1"></span>e to<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs608">th<span class="_ _1"></span>eir n<span class="_ _1"></span>atu<span class="_ _1"></span>re, size<span class="_ _1"></span>, the e<span class="_ _1"></span>xp<span class="_ _1"></span>ect<span class="_ _1"></span>ed fr<span class="_ _1"></span>equ<span class="_ _1"></span>enc<span class="_ _1"></span>y of sim<span class="_ _1"></span>ila<span class="_ _1"></span>r even<span class="_ _1"></span>t<span class="_ _1"></span>s, or t<span class="_ _1"></span>he c<span class="_ _1"></span>omm<span class="_ _1"></span>erc<span class="_ _1"></span>ial c<span class="_ _1"></span>ont<span class="_ _1"></span>ext<span class="_ _1"></span>. By e<span class="_ _1"></span>xclu<span class="_ _1"></span>din<span class="_ _1"></span>g the<span class="_ _1"></span>se a<span class="_ _1"></span>mou<span class="_ _1"></span>nt<span class="_ _1"></span>s, t<span class="_ _1"></span>his p<span class="_ _1"></span>rovi<span class="_ _1"></span>des<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs609">users of<span class="_ _0"></span> the Consolidated financial s<span class="_ _0"></span>t<span class="_ _1"></span>atements with a<span class="_ _0"></span> more representative view o<span class="_ _0"></span>f the results of<span class="_ _0"></span> the Group and<span class="_ _0"></span> enables comparisons<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs60a">wit<span class="_ _1"></span>h ot<span class="_ _1"></span>he<span class="_ _1"></span>r rep<span class="_ _1"></span>ort<span class="_ _1"></span>ing p<span class="_ _1"></span>er<span class="_ _1"></span>iod<span class="_ _1"></span>s as it e<span class="_ _1"></span>xclu<span class="_ _1"></span>des a<span class="_ _1"></span>mou<span class="_ _1"></span>nt<span class="_ _1"></span>s fro<span class="_ _1"></span>m ac<span class="_ _1"></span>tiv<span class="_ _1"></span>it<span class="_ _1"></span>ies o<span class="_ _1"></span>r tr<span class="_ _1"></span>ans<span class="_ _1"></span>ac<span class="_ _1"></span>ti<span class="_ _1"></span>ons t<span class="_ _1"></span>hat a<span class="_ _1"></span>re no<span class="_ _1"></span>t like<span class="_ _1"></span>ly to re<span class="_ _1"></span>oc<span class="_ _1"></span>cur<span class="_ _0"></span>. A<span class="_ _1"></span>ll t<span class="_ _1"></span>ra<span class="_ _1"></span>nsa<span class="_ _1"></span>ct<span class="_ _1"></span>ion<span class="_ _1"></span>s </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs60b">pre<span class="_ _1"></span>se<span class="_ _1"></span>nte<span class="_ _1"></span>d as exc<span class="_ _1"></span>ept<span class="_ _1"></span>io<span class="_ _1"></span>nal a<span class="_ _1"></span>re ap<span class="_ _1"></span>prove<span class="_ _1"></span>d by t<span class="_ _1"></span>he Aud<span class="_ _1"></span>it C<span class="_ _1"></span>omm<span class="_ _1"></span>itte<span class="_ _1"></span>e. Se<span class="_ _1"></span>e th<span class="_ _1"></span>e Aud<span class="_ _1"></span>it Co<span class="_ _1"></span>mmi<span class="_ _1"></span>tte<span class="_ _1"></span>e rep<span class="_ _1"></span>or<span class="_ _1"></span>t on p<span class="_ _1"></span>age 1<span class="_ _0"></span>1<span class="_ _0"></span>2 f<span class="_ _1"></span>or fu<span class="_ _1"></span>rt<span class="_ _1"></span>he<span class="_ _1"></span>r det<span class="_ _1"></span>ai<span class="_ _1"></span>ls.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs60c">In these Consolidat<span class="_ _0"></span>ed financial statements, the following<span class="_ _0"></span> tr<span class="_ _1"></span>ansactions have<span class="_ _0"></span> been designated as<span class="_ _0"></span> exceptional items<span class="_ _0"></span> and presented </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 wsf gs60d">separately:</div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls4 ws2 gs60e"> <span class="_ _a4"></span>–<span class="_ _d3"> </span><span class="ls8">C<span class="_ _1"></span>ost<span class="_ _1"></span>s an<span class="_ _1"></span>d cre<span class="_ _1"></span>dit<span class="_ _1"></span>s a<span class="_ _1"></span>ris<span class="_ _1"></span>ing as a r<span class="_ _1"></span>esul<span class="_ _1"></span>t of th<span class="_ _1"></span>e tr<span class="_ _1"></span>an<span class="_ _1"></span>sa<span class="_ _1"></span>cti<span class="_ _1"></span>on to s<span class="_ _1"></span>ell t<span class="_ _1"></span>he m<span class="_ _1"></span>ajor<span class="_ _1"></span>it<span class="_ _1"></span>y of t<span class="_ _1"></span>he no<span class="_ _1"></span>n-c<span class="_ _1"></span>ore O<span class="_ _1"></span>pus E<span class="_ _1"></span>ner<span class="_ _1"></span>gy SM<span class="_ _1"></span>E cust<span class="_ _1"></span>ome<span class="_ _1"></span>r met<span class="_ _1"></span>er p<span class="_ _1"></span>oint<span class="_ _1"></span>s<span class="_ _1"></span> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs60f">an<span class="_ _1"></span>d rela<span class="_ _1"></span>te<span class="_ _1"></span>d str<span class="_ _1"></span>ate<span class="_ _1"></span>gic r<span class="_ _1"></span>est<span class="_ _1"></span>ru<span class="_ _1"></span>ct<span class="_ _1"></span>uri<span class="_ _1"></span>ng to re<span class="_ _1"></span>fle<span class="_ _1"></span>ct th<span class="_ _1"></span>e red<span class="_ _1"></span>uc<span class="_ _1"></span>ed size o<span class="_ _1"></span>f the O<span class="_ _1"></span>pus E<span class="_ _1"></span>ner<span class="_ _1"></span>gy SM<span class="_ _1"></span>E bus<span class="_ _1"></span>ine<span class="_ _1"></span>ss an<span class="_ _1"></span>d Ene<span class="_ _1"></span>rgy S<span class="_ _1"></span>olu<span class="_ _1"></span>ti<span class="_ _1"></span>ons’ f<span class="_ _1"></span>ocu<span class="_ _1"></span>s on co<span class="_ _1"></span>re<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs610">I&C cust<span class="_ _0"></span>omer<span class="_ _1"></span>s<span class="_ _0"></span> and renewables services (2<span class="_ _0"></span>02<span class="_ _0"></span>4, Energy<span class="_ _0"></span> Solutions)</div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls4 ws2 gs611"> <span class="_ _a4"></span>–<span class="_ _d3"> </span><span class="ls7 ws4">Impairment charges related<span class="_ _0"></span> to the Opus E<span class="_ _0"></span>nergy CGU (<span class="_ _0"></span>202<span class="_ _0"></span>3, Energy<span class="_ _0"></span> Solutions<span class="_ _0"></span>). See note 2<span class="_ _0"></span>.4 for<span class="_ _0"></span> fur<span class="_ _1"></span>ther in<span class="_ _0"></span>formation</span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls4 ws2 gs612"> <span class="_ _a4"></span>–<span class="_ _d3"> </span><span class="ls8">Pr<span class="_ _1"></span>oce<span class="_ _1"></span>ed<span class="_ _1"></span>s from a l<span class="_ _1"></span>eg<span class="_ _1"></span>al se<span class="_ _1"></span>tt<span class="_ _1"></span>lem<span class="_ _1"></span>ent re<span class="_ _1"></span>lat<span class="_ _1"></span>in<span class="_ _1"></span>g to a sup<span class="_ _1"></span>pli<span class="_ _1"></span>er<span class="_ _1"></span>’s fa<span class="_ _1"></span>ilur<span class="_ _1"></span>e to pe<span class="_ _1"></span>r<span class="_ _1"></span>for<span class="_ _1"></span>m und<span class="_ _1"></span>er t<span class="_ _1"></span>hei<span class="_ _1"></span>r con<span class="_ _1"></span>tr<span class="_ _1"></span>ac<span class="_ _1"></span>t (<span class="_ _0"></span>202<span class="_ _1"></span>3, Ener<span class="_ _1"></span>gy So<span class="_ _1"></span>lut<span class="_ _1"></span>io<span class="_ _1"></span>ns<span class="_ _0"></span>)</span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls4 ws2 gs613"> <span class="_ _a4"></span>–<span class="_ _d3"> </span><span class="ls8">Ch<span class="_ _1"></span>ang<span class="_ _1"></span>e in t<span class="_ _1"></span>he f<span class="_ _1"></span>air v<span class="_ _1"></span>alue o<span class="_ _1"></span>f con<span class="_ _1"></span>tin<span class="_ _1"></span>gen<span class="_ _1"></span>t co<span class="_ _1"></span>nsid<span class="_ _1"></span>er<span class="_ _1"></span>at<span class="_ _1"></span>ion (2023, Ge<span class="_ _1"></span>ner<span class="_ _1"></span>at<span class="_ _1"></span>io<span class="_ _1"></span>n<span class="_ _0"></span>). S<span class="_ _1"></span>ee n<span class="_ _1"></span>ote 7<span class="_ _2"></span>.<span class="_ _2"></span>1 fo<span class="_ _1"></span>r fu<span class="_ _1"></span>rt<span class="_ _1"></span>her i<span class="_ _1"></span>nfor<span class="_ _1"></span>ma<span class="_ _1"></span>tio<span class="_ _1"></span>n</span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls4 ws2 gs614"> <span class="_ _a4"></span>–<span class="_ _d3"> </span><span class="ls8">Im<span class="_ _1"></span>pa<span class="_ _1"></span>ct of t<span class="_ _1"></span>he UK t<span class="_ _1"></span>ax r<span class="_ _1"></span>ate c<span class="_ _1"></span>ha<span class="_ _1"></span>nge o<span class="_ _1"></span>n defe<span class="_ _1"></span>rre<span class="_ _1"></span>d ta<span class="_ _1"></span>x bal<span class="_ _1"></span>an<span class="_ _1"></span>ces (2023, Ge<span class="_ _1"></span>ne<span class="_ _1"></span>rat<span class="_ _1"></span>io<span class="_ _1"></span>n and E<span class="_ _1"></span>ner<span class="_ _1"></span>gy So<span class="_ _1"></span>lut<span class="_ _1"></span>io<span class="_ _1"></span>ns<span class="_ _0"></span>). S<span class="_ _1"></span>ee n<span class="_ _1"></span>ote 2.6 f<span class="_ _1"></span>or fu<span class="_ _1"></span>rt<span class="_ _1"></span>he<span class="_ _1"></span>r </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 wsf gs615">information<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs617">Ce<span class="_ _1"></span>rt<span class="_ _1"></span>ai<span class="_ _1"></span>n reme<span class="_ _1"></span>asu<span class="_ _1"></span>rem<span class="_ _1"></span>ent<span class="_ _1"></span>s c<span class="_ _1"></span>omp<span class="_ _1"></span>ris<span class="_ _1"></span>e gai<span class="_ _1"></span>ns an<span class="_ _1"></span>d los<span class="_ _1"></span>se<span class="_ _1"></span>s on de<span class="_ _1"></span>ri<span class="_ _1"></span>vat<span class="_ _1"></span>ive c<span class="_ _1"></span>ont<span class="_ _1"></span>r<span class="_ _1"></span>act<span class="_ _1"></span>s to t<span class="_ _1"></span>he e<span class="_ _1"></span>xte<span class="_ _1"></span>nt th<span class="_ _1"></span>at t<span class="_ _1"></span>hos<span class="_ _1"></span>e con<span class="_ _1"></span>tr<span class="_ _1"></span>ac<span class="_ _1"></span>t<span class="_ _1"></span>s do no<span class="_ _1"></span>t qua<span class="_ _1"></span>lif<span class="_ _1"></span>y fo<span class="_ _1"></span>r he<span class="_ _1"></span>dge<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs618">ac<span class="_ _1"></span>cou<span class="_ _1"></span>nt<span class="_ _1"></span>ing<span class="_ _1"></span>, or he<span class="_ _1"></span>dge a<span class="_ _1"></span>cc<span class="_ _1"></span>oun<span class="_ _1"></span>tin<span class="_ _1"></span>g is not e<span class="_ _1"></span>f<span class="_ _1"></span>fec<span class="_ _1"></span>ti<span class="_ _1"></span>ve, and t<span class="_ _1"></span>ho<span class="_ _1"></span>se ga<span class="_ _1"></span>ins o<span class="_ _1"></span>r los<span class="_ _1"></span>ses a<span class="_ _1"></span>re ei<span class="_ _1"></span>the<span class="_ _1"></span>r i) unr<span class="_ _1"></span>eal<span class="_ _1"></span>ise<span class="_ _1"></span>d and r<span class="_ _1"></span>ela<span class="_ _1"></span>te to de<span class="_ _1"></span>ri<span class="_ _1"></span>vat<span class="_ _1"></span>iv<span class="_ _1"></span>e con<span class="_ _1"></span>tr<span class="_ _1"></span>ac<span class="_ _1"></span>ts<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs619">wit<span class="_ _1"></span>h a ma<span class="_ _1"></span>tur<span class="_ _1"></span>it<span class="_ _1"></span>y in f<span class="_ _1"></span>ut<span class="_ _1"></span>ure p<span class="_ _1"></span>eri<span class="_ _1"></span>ods<span class="_ _1"></span>, or ii) a<span class="_ _1"></span>re re<span class="_ _1"></span>alis<span class="_ _1"></span>ed in r<span class="_ _1"></span>ela<span class="_ _1"></span>tio<span class="_ _1"></span>n to t<span class="_ _1"></span>he ma<span class="_ _1"></span>tur<span class="_ _1"></span>it<span class="_ _1"></span>y of de<span class="_ _1"></span>ri<span class="_ _1"></span>va<span class="_ _1"></span>tiv<span class="_ _1"></span>e con<span class="_ _1"></span>tr<span class="_ _1"></span>ac<span class="_ _1"></span>ts i<span class="_ _1"></span>n th<span class="_ _1"></span>e cur<span class="_ _1"></span>rent p<span class="_ _1"></span>er<span class="_ _1"></span>iod<span class="_ _1"></span>. Ga<span class="_ _1"></span>ins an<span class="_ _1"></span>d<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs61a">losses on derivative<span class="_ _0"></span> cont<span class="_ _1"></span>racts prior to maturity generally reflect<span class="_ _0"></span> t<span class="_ _1"></span>he<span class="_ _0"></span> dif<span class="_ _1"></span>ference between the contracted price and<span class="_ _0"></span> t<span class="_ _1"></span>he<span class="_ _0"></span> current market </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs61b">price, which<span class="_ _0"></span> management does not bel<span class="_ _0"></span>ieve provides<span class="_ _0"></span> meaningful information as<span class="_ _0"></span> the Group is<span class="_ _0"></span> not entering contract<span class="_ _1"></span>s wi<span class="_ _0"></span>th the intention </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs61c">of cr<span class="_ _1"></span>eat<span class="_ _1"></span>ing v<span class="_ _1"></span>alu<span class="_ _1"></span>e fro<span class="_ _1"></span>m cha<span class="_ _1"></span>nge<span class="_ _1"></span>s in ma<span class="_ _1"></span>rke<span class="_ _1"></span>t pr<span class="_ _1"></span>ice<span class="_ _1"></span>s. T<span class="_ _1"></span>he G<span class="_ _1"></span>rou<span class="_ _1"></span>p is ent<span class="_ _1"></span>er<span class="_ _1"></span>ing fo<span class="_ _1"></span>r<span class="_ _1"></span>war<span class="_ _1"></span>d con<span class="_ _1"></span>tr<span class="_ _1"></span>ac<span class="_ _1"></span>t<span class="_ _1"></span>s as ec<span class="_ _1"></span>ono<span class="_ _1"></span>mic h<span class="_ _1"></span>edg<span class="_ _1"></span>es to s<span class="_ _1"></span>ec<span class="_ _1"></span>ure p<span class="_ _1"></span>ric<span class="_ _1"></span>es a<span class="_ _1"></span>nd<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs61d">ra<span class="_ _1"></span>tes<span class="_ _1"></span>, an<span class="_ _1"></span>d loc<span class="_ _1"></span>k in va<span class="_ _1"></span>lue f<span class="_ _1"></span>or it<span class="_ _1"></span>s f<span class="_ _1"></span>utu<span class="_ _1"></span>re exp<span class="_ _1"></span>ec<span class="_ _1"></span>ted p<span class="_ _1"></span>ell<span class="_ _1"></span>et pr<span class="_ _1"></span>odu<span class="_ _1"></span>ct<span class="_ _1"></span>ion<span class="_ _1"></span>, gen<span class="_ _1"></span>er<span class="_ _1"></span>ati<span class="_ _1"></span>on or e<span class="_ _1"></span>ne<span class="_ _1"></span>rgy su<span class="_ _1"></span>ppl<span class="_ _1"></span>y ac<span class="_ _1"></span>tiv<span class="_ _1"></span>it<span class="_ _1"></span>ies<span class="_ _1"></span>. Th<span class="_ _1"></span>e ef<span class="_ _1"></span>fe<span class="_ _1"></span>ct of exc<span class="_ _1"></span>lud<span class="_ _1"></span>ing c<span class="_ _1"></span>er<span class="_ _1"></span>ta<span class="_ _1"></span>in<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs61e">rem<span class="_ _1"></span>eas<span class="_ _1"></span>ure<span class="_ _1"></span>men<span class="_ _1"></span>ts f<span class="_ _1"></span>rom A<span class="_ _1"></span>djus<span class="_ _1"></span>ted r<span class="_ _1"></span>esul<span class="_ _1"></span>t<span class="_ _1"></span>s is th<span class="_ _1"></span>at co<span class="_ _1"></span>mmo<span class="_ _1"></span>dit<span class="_ _1"></span>y s<span class="_ _1"></span>al<span class="_ _1"></span>es an<span class="_ _1"></span>d pur<span class="_ _1"></span>cha<span class="_ _1"></span>ses a<span class="_ _1"></span>re re<span class="_ _1"></span>cog<span class="_ _1"></span>nis<span class="_ _1"></span>ed in t<span class="_ _1"></span>he p<span class="_ _1"></span>eri<span class="_ _1"></span>od t<span class="_ _1"></span>hey a<span class="_ _1"></span>re int<span class="_ _1"></span>end<span class="_ _1"></span>ed to h<span class="_ _1"></span>ed<span class="_ _1"></span>ge<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs61f">at t<span class="_ _1"></span>hei<span class="_ _1"></span>r con<span class="_ _1"></span>tr<span class="_ _1"></span>ac<span class="_ _1"></span>ted p<span class="_ _1"></span>ric<span class="_ _1"></span>es i<span class="_ _1"></span>.e. at t<span class="_ _1"></span>he all<span class="_ _1"></span>-in-h<span class="_ _1"></span>edg<span class="_ _1"></span>ed a<span class="_ _1"></span>mou<span class="_ _1"></span>nt pa<span class="_ _1"></span>id or r<span class="_ _1"></span>ece<span class="_ _1"></span>ive<span class="_ _1"></span>d in res<span class="_ _1"></span>pe<span class="_ _1"></span>ct of t<span class="_ _1"></span>he de<span class="_ _1"></span>live<span class="_ _1"></span>r<span class="_ _1"></span>y of t<span class="_ _1"></span>he co<span class="_ _1"></span>mmo<span class="_ _1"></span>dit<span class="_ _1"></span>y in q<span class="_ _1"></span>ue<span class="_ _1"></span>sti<span class="_ _1"></span>on. It<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs620">als<span class="_ _1"></span>o res<span class="_ _1"></span>ult<span class="_ _1"></span>s in t<span class="_ _1"></span>he to<span class="_ _1"></span>ta<span class="_ _1"></span>l imp<span class="_ _1"></span>ac<span class="_ _1"></span>t of fin<span class="_ _1"></span>anc<span class="_ _1"></span>ial c<span class="_ _1"></span>ont<span class="_ _1"></span>ra<span class="_ _1"></span>ct<span class="_ _1"></span>s be<span class="_ _1"></span>ing r<span class="_ _1"></span>eco<span class="_ _1"></span>gnis<span class="_ _1"></span>ed i<span class="_ _1"></span>n the p<span class="_ _1"></span>er<span class="_ _1"></span>iod t<span class="_ _1"></span>he<span class="_ _1"></span>y are in<span class="_ _1"></span>ten<span class="_ _1"></span>ded t<span class="_ _1"></span>o he<span class="_ _1"></span>dge. M<span class="_ _1"></span>ana<span class="_ _1"></span>ge<span class="_ _1"></span>men<span class="_ _1"></span>t bel<span class="_ _1"></span>ieve<span class="_ _1"></span>s </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs621">this better<span class="_ _0"></span> reflect<span class="_ _1"></span>s the performance of the<span class="_ _0"></span> business as it<span class="_ _0"></span> more accurately represents the int<span class="_ _0"></span>ention for entering<span class="_ _0"></span> deriv<span class="_ _1"></span>ative<span class="_ _0"></span> cont<span class="_ _1"></span>racts<span class="_ _1"></span>.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs622">Movements on derivative financi<span class="_ _0"></span>al instrument<span class="_ _1"></span>s whi<span class="_ _0"></span>ch do not qualify for<span class="_ _0"></span> hedge accounting, or where<span class="_ _0"></span> hedge accounting is i<span class="_ _0"></span>nef<span class="_ _1"></span>fective, </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs623">are s<span class="_ _1"></span>how<span class="_ _1"></span>n in th<span class="_ _1"></span>e ta<span class="_ _1"></span>ble b<span class="_ _1"></span>el<span class="_ _1"></span>ow. Dur<span class="_ _1"></span>ing 2024 th<span class="_ _1"></span>e amo<span class="_ _1"></span>unt<span class="_ _1"></span>s re<span class="_ _1"></span>co<span class="_ _1"></span>gnis<span class="_ _1"></span>ed we<span class="_ _1"></span>re pr<span class="_ _1"></span>edo<span class="_ _1"></span>min<span class="_ _1"></span>ant<span class="_ _1"></span>ly d<span class="_ _1"></span>ue to f<span class="_ _1"></span>air v<span class="_ _1"></span>alu<span class="_ _1"></span>e gai<span class="_ _1"></span>ns rec<span class="_ _1"></span>og<span class="_ _1"></span>nise<span class="_ _1"></span>d on fo<span class="_ _1"></span>reig<span class="_ _1"></span>n<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs624">exc<span class="_ _1"></span>han<span class="_ _1"></span>ge co<span class="_ _1"></span>nt<span class="_ _1"></span>ra<span class="_ _1"></span>ct<span class="_ _1"></span>s du<span class="_ _1"></span>e to th<span class="_ _1"></span>e wea<span class="_ _1"></span>keni<span class="_ _1"></span>ng of ste<span class="_ _1"></span>rl<span class="_ _1"></span>ing ag<span class="_ _1"></span>ain<span class="_ _1"></span>st th<span class="_ _1"></span>e US do<span class="_ _1"></span>llar a<span class="_ _1"></span>nd t<span class="_ _1"></span>he re<span class="_ _1"></span>alis<span class="_ _1"></span>at<span class="_ _1"></span>io<span class="_ _1"></span>n of los<span class="_ _1"></span>ses o<span class="_ _1"></span>n ma<span class="_ _1"></span>tur<span class="_ _1"></span>it<span class="_ _1"></span>y of in<span class="_ _1"></span>fla<span class="_ _1"></span>ti<span class="_ _1"></span>on an<span class="_ _1"></span>d<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs625">commodity hedges.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls9 ws5 gs626">Further details on<span class="_ _0"></span> the Group’<span class="_ _0"></span>s derivative financi<span class="_ _0"></span>al instruments are pro<span class="_ _0"></span>vided in Section 7<span class="_ _17"></span>.<span class="_ _339"> </span></div><div class="gs627"><table class="s w479 h1de" id="_2a3a5ba1-63d9-45db-85f3-e4b771eaf752"><tr><td></td><td></td><td class="t m0 x2bd h7d y5a15 ff2 fs6d fc1 sc0 ls1a0 ws1c8">Y<span class="_ _0"></span>ear ended<span class="_ _0"></span> 3<span class="_ _0"></span>1 December<span class="_ _339"> </span></td><td></td></tr><tr><td></td><td></td><td class="t m0 x1e9 h7f y5a16 ff1 fs6d fc1 sc0 lsc5 ws3e">20<span class="_ _1"></span>24<span class="_ _339"> </span></td><td class="t m0 x1ea h7d y5a16 ff2 fs6d fc1 sc0 lsb3 wsc7">2023<span class="_ _339"> </span></td></tr><tr><td></td><td></td><td class="t m0 x1eb h7f y5a17 ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x1ec h7d y5a17 ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td></tr><tr><td class="t m0 x2b2 h5 y5a18 ff1 fs3 fc1 sc0 ls8a ws5">Exceptional items:<span class="_ _339"> </span></td><td></td><td></td><td></td></tr><tr><td class="c n x1ee y5a19 w47a h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls98 ws4">Opus Energy<span class="_ _0"></span> sale of meter<span class="_ _0"></span> point<span class="_ _1"></span>s and<span class="_ _0"></span> restru<span class="_ _1"></span>cturing<span class="_ _339"> </span></div></td><td></td><td class="c n x873 y5a19 w47b h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls11 ws7d">(59.<span class="_ _1"></span>5)<span class="_ _339"> </span></div></td><td class="c n x874 y5a19 w59 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a1a w47c h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls98 ws4">2023</div></td><td class="c n x875 y5a1a w47d h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls98 ws4">Opus Energy<span class="_ _0"></span> impairment<span class="_ _339"> </span></div></td><td class="c n x450 y5a1a w56 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x876 y5a1a w47e h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls76 ws7f">(<span class="_ _9"></span>6<span class="_ _14"></span>9<span class="_ _9"></span>.1<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a1b w47f h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls54 ws2">Ne<span class="_ _1"></span>t cre<span class="_ _1"></span>dit fr<span class="_ _1"></span>om le<span class="_ _1"></span>gal c<span class="_ _1"></span>lai<span class="_ _1"></span>m<span class="_ _339"> </span></div></td><td></td><td class="c n x746 y5a1b w56 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x877 y5a1b w480 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls92 wsbb">13<span class="_ _1"></span>.7<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a1c w481 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls8a ws5">Change in<span class="_ _0"></span> fair value o<span class="_ _0"></span>f contingent cons<span class="_ _0"></span>iderat<span class="_ _1"></span>ion<span class="_ _339"> </span></div></td><td></td><td class="c n x878 y5a1c w56 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x879 y5a1c w482 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls73 wsa9">(18<span class="_ _9"></span>.<span class="_ _9"></span>2)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a1d w483 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls54 ws2">Exc<span class="_ _1"></span>ep<span class="_ _1"></span>tio<span class="_ _1"></span>nal i<span class="_ _1"></span>te<span class="_ _1"></span>ms in<span class="_ _1"></span>clu<span class="_ _1"></span>ded w<span class="_ _1"></span>it<span class="_ _1"></span>hin o<span class="_ _1"></span>per<span class="_ _1"></span>at<span class="_ _1"></span>ing p<span class="_ _1"></span>rofi<span class="_ _1"></span>t and p<span class="_ _1"></span>rofi<span class="_ _1"></span>t bef<span class="_ _1"></span>ore t<span class="_ _1"></span>a<span class="_ _1"></span>x<span class="_ _339"> </span></div></td><td></td><td class="c n x87a y5a1d w484 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls11 ws7d">(<span class="_ _1"></span>59.5<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x87b y5a1d w485 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls5a ws185">(<span class="_ _1"></span>73.6)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a1e w486 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">T<span class="_ _2"></span>ax on exceptional<span class="_ _0"></span> items<span class="_ _339"> </span></div></td><td></td><td class="c n x87c y5a1e we7 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls9d wsad">14<span class="_ _1"></span>.<span class="_ _1"></span>8<span class="_ _339"> </span></div></td><td class="c n x87d y5a1e w118 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lse0 wsfe">10.<span class="_ _1"></span>8<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a1f w423 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls8a ws5">Impact of<span class="_ _0"></span> tax rate change<span class="_ _339"> </span></div></td><td></td><td class="c n x648 y5a1f w56 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x87e y5a1f w2ce h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls9a wsa8">0<span class="_ _1"></span>.7<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a20 w487 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls8a ws5">Exceptional items<span class="_ _0"></span> after tax<span class="_ _339"> </span></div></td><td></td><td class="c n x87f y5a20 w488 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls2b ws2e">(4<span class="_ _9"></span>4<span class="_ _1"></span>.7<span class="_ _9"></span>)<span class="_ _339"> </span></div></td><td class="c n x880 y5a20 w489 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls76 ws7f">(<span class="_ _9"></span>6<span class="_ _14"></span>2<span class="_ _9"></span>.1<span class="_ _9"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="t m0 x2b2 h5 y5a21 ff1 fs3 fc1 sc0 ls9c ws10">Certain remeasurements:<span class="_ _339"> </span></td><td></td><td></td><td></td></tr><tr><td class="c n x1ee y5a22 w48a h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls8a ws5">Net fair<span class="_ _0"></span> value remeasureme<span class="_ _0"></span>nt<span class="_ _1"></span>s on<span class="_ _0"></span> derivat<span class="_ _1"></span>ive<span class="_ _0"></span> contr<span class="_ _1"></span>acts included<span class="_ _0"></span> in revenue<span class="_ _339"> </span></div></td><td></td><td class="c n x881 y5a22 w48b h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls93 wsa1">11<span class="_ _1"></span>.<span class="_ _1"></span>9<span class="_ _339"> </span></div></td><td class="c n x882 y5a22 w167 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls9a wsa8">70<span class="_ _1"></span>.7<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a23 w48c h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">Net remeasur<span class="_ _0"></span>ement<span class="_ _1"></span>s real<span class="_ _0"></span>ised on maturity of derivative contracts included in r<span class="_ _0"></span>evenue<span class="_ _339"> </span></div></td><td></td><td class="c n x883 y5a23 w451 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 lsa5 wsb8">7<span class="_ _14"> </span>7.<span class="_ _9"></span>6<span class="_ _339"> </span></div></td><td class="c n x282 y5a23 w48d h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls82 wsa3">228<span class="_ _1"></span>.6<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a24 w48e h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls54 ws2">Ne<span class="_ _1"></span>t hed<span class="_ _1"></span>ge in<span class="_ _1"></span>ef<span class="_ _1"></span>fec<span class="_ _1"></span>ti<span class="_ _1"></span>vene<span class="_ _1"></span>ss r<span class="_ _1"></span>ecl<span class="_ _1"></span>ass<span class="_ _1"></span>ifie<span class="_ _1"></span>d to pr<span class="_ _1"></span>ofit o<span class="_ _1"></span>r los<span class="_ _1"></span>s inc<span class="_ _1"></span>lud<span class="_ _1"></span>ed in r<span class="_ _1"></span>even<span class="_ _1"></span>ue<span class="_ _339"> </span></div></td><td></td><td class="c n x884 y5a24 w48f h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 lse2 ws22f">(<span class="_ _0"></span>8.2<span class="_ _0"></span>)<span class="_ _339"> </span></div></td><td class="c n x885 y5a24 w2c9 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls73 wsa9">(16<span class="_ _9"></span>.<span class="_ _1"></span>4)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a25 w490 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls54 ws2">Ne<span class="_ _1"></span>t fai<span class="_ _1"></span>r val<span class="_ _1"></span>ue re<span class="_ _1"></span>mea<span class="_ _1"></span>sure<span class="_ _1"></span>me<span class="_ _1"></span>nt<span class="_ _1"></span>s on de<span class="_ _1"></span>ri<span class="_ _1"></span>vat<span class="_ _1"></span>ive c<span class="_ _1"></span>on<span class="_ _1"></span>tr<span class="_ _1"></span>act<span class="_ _1"></span>s i<span class="_ _1"></span>ncl<span class="_ _1"></span>ude<span class="_ _1"></span>d in co<span class="_ _1"></span>st of s<span class="_ _1"></span>ale<span class="_ _1"></span>s<span class="_ _339"> </span></div></td><td></td><td class="c n x886 y5a25 wb3 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls2c wsca">45.3<span class="_ _339"> </span></div></td><td class="c n x607 y5a25 w491 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls73 wsa9">(12<span class="_ _1"></span>7<span class="_ _0"></span>.<span class="_ _1"></span>0<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a26 w492 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls54 ws2">Ne<span class="_ _1"></span>t reme<span class="_ _1"></span>asu<span class="_ _1"></span>rem<span class="_ _1"></span>ent<span class="_ _1"></span>s re<span class="_ _1"></span>alis<span class="_ _1"></span>ed o<span class="_ _1"></span>n mat<span class="_ _1"></span>ur<span class="_ _1"></span>it<span class="_ _1"></span>y of de<span class="_ _1"></span>ri<span class="_ _1"></span>vat<span class="_ _1"></span>ive c<span class="_ _1"></span>ont<span class="_ _1"></span>r<span class="_ _1"></span>act<span class="_ _1"></span>s in<span class="_ _1"></span>clu<span class="_ _1"></span>de<span class="_ _1"></span>d in co<span class="_ _1"></span>st of s<span class="_ _1"></span>ale<span class="_ _1"></span>s<span class="_ _339"> </span></div></td><td></td><td class="c n x887 y5a26 w493 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls227 ws293">(<span class="_ _1"></span>1<span class="_ _1"></span>7.1<span class="_ _9"></span>)<span class="_ _339"> </span></div></td><td class="c n x888 y5a26 w494 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls8 ws8b">4<span class="_ _1"></span>4.3<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a27 w495 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls9c ws10">Certain remeasurements included<span class="_ _0"></span> within operating<span class="_ _0"></span> profit<span class="_ _339"> </span></div></td><td></td><td class="c n x889 y5a27 w1f3 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls11 ws7d">10<span class="_ _1"></span>9.5<span class="_ _339"> </span></div></td><td class="c n x88a y5a27 w60 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls28 ws93">20<span class="_ _1"></span>0.2<span class="_ _339"> </span></div></td></tr><tr><td class="t m0 x2b2 h6 y5a28 ff2 fs3 fc1 sc0 ls9 ws5">Net r<span class="_ _0"></span>emeasurements realised on<span class="_ _0"></span> maturit<span class="_ _1"></span>y o<span class="_ _0"></span>f derivative contracts included in<span class="_ _0"></span> interest payable<span class="_ _0"></span> and simil<span class="_ _0"></span>ar<span class="_ _1"></span> </td><td></td><td></td><td></td></tr><tr><td class="c n x1ee y577d w496 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls9 ws2d">charges<span class="_ _339"> </span></div></td><td></td><td class="c n x88b y577d wea h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls9d wsad">(0<span class="_ _1"></span>.6)<span class="_ _339"> </span></div></td><td class="c n x88c y577d w87 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa6 wsb9">(0<span class="_ _1"></span>.<span class="_ _1"></span>3)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y577e w497 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls8a ws5">Net fair<span class="_ _0"></span> value remeasureme<span class="_ _0"></span>nt<span class="_ _1"></span>s on<span class="_ _0"></span> derivat<span class="_ _1"></span>ive<span class="_ _0"></span> contr<span class="_ _1"></span>acts included<span class="_ _0"></span> in forei<span class="_ _0"></span>gn exchange<span class="_ _0"></span> (losses<span class="_ _0"></span>)/<span class="_ _0"></span>gains<span class="_ _339"> </span></div></td><td></td><td class="c n x88d y577e w56 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x88e y577e w10b h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls79 wsaa">4.9<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5751 w498 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls9c ws10">Certain remeasurements included<span class="_ _0"></span> in profit<span class="_ _0"></span> before tax<span class="_ _339"> </span></div></td><td></td><td class="c n x88f y5751 w1f3 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls11 ws7d">10<span class="_ _1"></span>8.9<span class="_ _339"> </span></div></td><td class="c n x890 y5751 w60 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls28 ws93">20<span class="_ _1"></span>4.8<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5752 w499 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">T<span class="_ _2"></span>ax on certain remeasurements<span class="_ _339"> </span></div></td><td></td><td class="c n x891 y5752 w453 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 lse0 wsfe">(2<span class="_ _1"></span>9.7<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x892 y5752 w49a h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls76 ws7f">(<span class="_ _9"></span>4<span class="_ _13"> </span>8<span class="_ _9"></span>.1<span class="_ _9"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5753 w423 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls8a ws5">Impact of<span class="_ _0"></span> tax rate change<span class="_ _339"> </span></div></td><td></td><td class="c n x648 y5753 w56 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x893 y5753 w365 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls76 ws7f">(<span class="_ _14"> </span>3<span class="_ _14"></span>.1<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5782 w49b h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls9c ws10">Certain remeasurements after tax<span class="_ _339"> </span></div></td><td></td><td class="c n x894 y5782 wa5 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls11 ws7d">79.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td><td class="c n x895 y5782 w2cb h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls74 wsc2">15<span class="_ _1"></span>3<span class="_ _1"></span>.<span class="_ _1"></span>6<span class="_ _339"> </span></div></td></tr><tr><td class="t m0 x2b2 h5 y5a29 ff1 fs3 fc1 sc0 ls10 ws6">Reconciliat<span class="_ _1"></span>ion of<span class="_ _0"></span> profit for the peri<span class="_ _1"></span>od:<span class="_ _339"> </span></td><td></td><td></td><td></td></tr><tr><td class="c n x1ee y570a w49c h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls98 ws4">Adjusted profit<span class="_ _0"></span> for the period<span class="_ _339"> </span></div></td><td></td><td class="c n x896 y570a w49d h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls99 wsa7">491.<span class="_ _1"></span>0<span class="_ _339"> </span></div></td><td class="c n x897 y570a wbd h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa7 wsba">4<span class="_ _1"></span>69.<span class="_ _1"></span>4<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5703 w49e h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">Exceptional items<span class="_ _0"></span> after tax<span class="_ _339"> </span></div></td><td></td><td class="c n x898 y5703 w49f h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls2b ws2e">(4<span class="_ _9"></span>4<span class="_ _9"></span>.7<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x899 y5703 w4a0 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls76 ws7f">(<span class="_ _1"></span>6<span class="_ _14"> </span>2<span class="_ _14"></span>.1<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5704 w4a1 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">Cert<span class="_ _1"></span>ain<span class="_ _0"></span> remeasurements after tax<span class="_ _339"> </span></div></td><td></td><td class="c n x89a y5704 wa5 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls11 ws7d">79.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td><td class="c n x89b y5704 w2cb h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls74 wsc2">15<span class="_ _1"></span>3<span class="_ _1"></span>.<span class="_ _1"></span>6<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5705 w4a2 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls54 ws2">T<span class="_ _0"></span>ot<span class="_ _1"></span>al p<span class="_ _1"></span>rofit f<span class="_ _1"></span>or t<span class="_ _1"></span>he pe<span class="_ _1"></span>ri<span class="_ _1"></span>od<span class="_ _339"> </span></div></td><td></td><td class="c n x89c y5705 wbc h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls9f wsb1">525.<span class="_ _1"></span>5<span class="_ _339"> </span></div></td><td class="c n x5a1 y5705 wdc h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls79 wsaa">5<span class="_ _1"></span>60<span class="_ _1"></span>.9<span class="_ _339"> </span></div></td></tr></table></div><div class="t m0 h5 ff1 fs3 fc0 sc0 ls7 ws4 gs629">Opus Energy sale<span class="_ _0"></span> of meter points and restructuring<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs62a">On 26 Ju<span class="_ _1"></span>ne 2024, th<span class="_ _1"></span>e Gro<span class="_ _1"></span>up ag<span class="_ _1"></span>ree<span class="_ _1"></span>d th<span class="_ _1"></span>e sa<span class="_ _1"></span>le (“th<span class="_ _1"></span>e tr<span class="_ _1"></span>an<span class="_ _1"></span>sa<span class="_ _1"></span>cti<span class="_ _1"></span>on”<span class="_ _1"></span>) of th<span class="_ _1"></span>e maj<span class="_ _1"></span>ori<span class="_ _1"></span>t<span class="_ _1"></span>y of it<span class="_ _1"></span>s non<span class="_ _1"></span>-co<span class="_ _1"></span>re sm<span class="_ _1"></span>all a<span class="_ _1"></span>nd me<span class="_ _1"></span>diu<span class="_ _1"></span>m-size<span class="_ _1"></span>d ent<span class="_ _1"></span>er<span class="_ _1"></span>pri<span class="_ _1"></span>se<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs62b">(<span class="_ _0"></span>SME) customer meter<span class="_ _0"></span> point<span class="_ _1"></span>s<span class="_ _0"></span> from Opus Energy<span class="_ _0"></span> to EDF<span class="_ _0"></span> Energy Customers Limited<span class="_ _0"></span> (EDF).<span class="_ _0"></span> T<span class="_ _1"></span>he sale<span class="_ _0"></span> also included the transfer o<span class="_ _0"></span>f<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs62c">rec<span class="_ _1"></span>ei<span class="_ _1"></span>vab<span class="_ _1"></span>les b<span class="_ _1"></span>al<span class="_ _1"></span>anc<span class="_ _1"></span>es re<span class="_ _1"></span>lat<span class="_ _1"></span>ed to t<span class="_ _1"></span>hes<span class="_ _1"></span>e tr<span class="_ _1"></span>an<span class="_ _1"></span>sfe<span class="_ _1"></span>rre<span class="_ _1"></span>d cust<span class="_ _1"></span>ome<span class="_ _1"></span>r me<span class="_ _1"></span>ter p<span class="_ _1"></span>oin<span class="_ _1"></span>ts<span class="_ _1"></span>. T<span class="_ _1"></span>he tr<span class="_ _1"></span>an<span class="_ _1"></span>sa<span class="_ _1"></span>ct<span class="_ _1"></span>ion w<span class="_ _1"></span>as an a<span class="_ _1"></span>ss<span class="_ _1"></span>et s<span class="_ _1"></span>ale u<span class="_ _1"></span>nde<span class="_ _1"></span>r an A<span class="_ _1"></span>ss<span class="_ _1"></span>et P<span class="_ _1"></span>urc<span class="_ _1"></span>has<span class="_ _1"></span>e </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs62d">Agreement (<span class="_ _0"></span>APA<span class="_ _0"></span>) and completed on<span class="_ _0"></span> 1 September 202<span class="_ _0"></span>4.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs62e">T<span class="_ _1"></span>he Gr<span class="_ _1"></span>oup re<span class="_ _1"></span>ce<span class="_ _1"></span>ived c<span class="_ _1"></span>ons<span class="_ _1"></span>ide<span class="_ _1"></span>ra<span class="_ _1"></span>tio<span class="_ _1"></span>n of £9.6<span class="lse wsc"> million</span> fr<span class="_ _1"></span>om EDF o<span class="_ _1"></span>n com<span class="_ _1"></span>ple<span class="_ _1"></span>ti<span class="_ _1"></span>on of t<span class="_ _1"></span>he tr<span class="_ _1"></span>an<span class="_ _1"></span>sa<span class="_ _1"></span>ct<span class="_ _1"></span>ion re<span class="_ _1"></span>la<span class="_ _1"></span>tin<span class="_ _1"></span>g to th<span class="_ _1"></span>e met<span class="_ _1"></span>er po<span class="_ _1"></span>int<span class="_ _1"></span>s a<span class="_ _1"></span>nd re<span class="_ _1"></span>late<span class="_ _1"></span>d<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs62f">cus<span class="_ _1"></span>tom<span class="_ _1"></span>er co<span class="_ _1"></span>nt<span class="_ _1"></span>ra<span class="_ _1"></span>ct<span class="_ _1"></span>s an<span class="_ _1"></span>d £<span class="_ _0"></span>4<span class="_ _1"></span>.3<span class="lse wsc"> million<span class="ls7 ws4"> relating<span class="_ _0"></span> to the provi<span class="_ _0"></span>sion of R<span class="_ _0"></span>EGOs to cov<span class="_ _0"></span>er the energy s<span class="_ _0"></span>upplied under the transferred cust<span class="_ _0"></span>omer<span class="_ _1"></span> </span></span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs630">co<span class="_ _1"></span>ntr<span class="_ _1"></span>ac<span class="_ _1"></span>t<span class="_ _1"></span>s. T<span class="_ _1"></span>he c<span class="_ _1"></span>ons<span class="_ _1"></span>ide<span class="_ _1"></span>ra<span class="_ _1"></span>tio<span class="_ _1"></span>n for t<span class="_ _1"></span>he REG<span class="_ _1"></span>Os wi<span class="_ _1"></span>ll be r<span class="_ _1"></span>eco<span class="_ _1"></span>gni<span class="_ _1"></span>sed i<span class="_ _1"></span>n line w<span class="_ _1"></span>it<span class="_ _1"></span>h the t<span class="_ _1"></span>r<span class="_ _1"></span>ans<span class="_ _1"></span>fer of t<span class="_ _1"></span>he RE<span class="_ _1"></span>GOs t<span class="_ _1"></span>o EDF<span class="_ _0"></span>.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs631">T<span class="_ _1"></span>he am<span class="_ _1"></span>oun<span class="_ _1"></span>t th<span class="_ _1"></span>e Grou<span class="_ _1"></span>p wil<span class="_ _1"></span>l rec<span class="_ _1"></span>eive f<span class="_ _1"></span>or th<span class="_ _1"></span>e tr<span class="_ _1"></span>an<span class="_ _1"></span>sfe<span class="_ _1"></span>rre<span class="_ _1"></span>d rec<span class="_ _1"></span>eiv<span class="_ _1"></span>abl<span class="_ _1"></span>es is c<span class="_ _1"></span>ont<span class="_ _1"></span>ing<span class="_ _1"></span>ent o<span class="_ _1"></span>n th<span class="_ _1"></span>e amo<span class="_ _1"></span>unt<span class="_ _1"></span>s c<span class="_ _1"></span>oll<span class="_ _1"></span>ect<span class="_ _1"></span>ed by ED<span class="_ _1"></span>F<span class="_ _2"></span>. T<span class="_ _1"></span>he t<span class="_ _1"></span>r<span class="_ _1"></span>ans<span class="_ _1"></span>fer d<span class="_ _1"></span>id<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs632">not<span class="_ gs7"> </span><span class="_ _0"></span>qualif<span class="_ _1"></span>y for<span class="_ _0"></span> derecognition under IF<span class="_ _0"></span>R<span class="_ _1"></span>S<span class="_ _0"></span> 9 as the Group<span class="_ _0"></span> had neither transferred nor r<span class="_ _0"></span>et<span class="_ _1"></span>ained s<span class="_ _0"></span>ubsta<span class="_ _1"></span>ntially<span class="_ _0"></span> all the risks and<span class="_ _0"></span> rewards </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs633">of<span class="_ gs7"> </span>ow<span class="_ _1"></span>ner<span class="_ _1"></span>shi<span class="_ _1"></span>p and h<span class="_ _1"></span>as re<span class="_ _1"></span>ta<span class="_ _1"></span>ine<span class="_ _1"></span>d con<span class="_ _1"></span>tro<span class="_ _1"></span>l of th<span class="_ _1"></span>e as<span class="_ _1"></span>set<span class="_ _1"></span>. T<span class="_ _1"></span>he re<span class="_ _1"></span>cei<span class="_ _1"></span>vab<span class="_ _1"></span>les a<span class="_ _1"></span>re re<span class="_ _1"></span>cog<span class="_ _1"></span>nis<span class="_ _1"></span>ed at f<span class="_ _1"></span>air v<span class="_ _1"></span>al<span class="_ _1"></span>ue th<span class="_ _1"></span>rou<span class="_ _1"></span>gh pro<span class="_ _1"></span>fit or l<span class="_ _1"></span>oss a<span class="_ _1"></span>s th<span class="_ _1"></span>ey are n<span class="_ _1"></span>o<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls9 ws5 gs634">longer solely<span class="_ _0"></span> payment of<span class="_ _0"></span> principal and int<span class="_ _0"></span>erest. The fair value<span class="_ _0"></span> gains and<span class="_ _0"></span> losses recognised on<span class="_ _0"></span> these receivables r<span class="_ _0"></span>eflect changes in </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs635">th<span class="_ _1"></span>e<span class="_ gs7"> </span>fa<span class="_ _1"></span>ir va<span class="_ _1"></span>lue of t<span class="_ _1"></span>he c<span class="_ _1"></span>ons<span class="_ _1"></span>ide<span class="_ _1"></span>rat<span class="_ _1"></span>io<span class="_ _1"></span>n exp<span class="_ _1"></span>ec<span class="_ _1"></span>ted to b<span class="_ _1"></span>e rec<span class="_ _1"></span>ei<span class="_ _1"></span>ved.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs636">T<span class="_ _1"></span>he Gr<span class="_ _1"></span>oup h<span class="_ _1"></span>as co<span class="_ _1"></span>mme<span class="_ _1"></span>nce<span class="_ _1"></span>d a res<span class="_ _1"></span>tr<span class="_ _1"></span>uc<span class="_ _1"></span>tur<span class="_ _1"></span>ing t<span class="_ _1"></span>o refl<span class="_ _1"></span>ect t<span class="_ _1"></span>he re<span class="_ _1"></span>du<span class="_ _1"></span>ced s<span class="_ _1"></span>ize of Op<span class="_ _1"></span>us En<span class="_ _1"></span>erg<span class="_ _1"></span>y pos<span class="_ _1"></span>t sa<span class="_ _1"></span>le an<span class="_ _1"></span>d the f<span class="_ _1"></span>ocu<span class="_ _1"></span>s on I&<span class="_ _1"></span>C cust<span class="_ _1"></span>ome<span class="_ _1"></span>rs a<span class="_ _1"></span>nd<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs637">renewables services within the Ener<span class="_ _0"></span>gy Solutions business. The Group<span class="_ _0"></span> incurred costs of<span class="_ _0"></span> redundancies in order<span class="_ _0"></span> to reduce the headcount </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs638">in t<span class="_ _1"></span>he Op<span class="_ _1"></span>us En<span class="_ _1"></span>erg<span class="_ _1"></span>y busi<span class="_ _1"></span>nes<span class="_ _1"></span>s an<span class="_ _1"></span>d hol<span class="_ _1"></span>ds a red<span class="_ _1"></span>un<span class="_ _1"></span>dan<span class="_ _1"></span>cy pr<span class="_ _1"></span>ovis<span class="_ _1"></span>ion a<span class="_ _1"></span>t 3<span class="_ _0"></span>1 De<span class="_ _1"></span>cem<span class="_ _1"></span>be<span class="_ _1"></span>r 202<span class="_ _0"></span>4 i<span class="_ _1"></span>n resp<span class="_ _1"></span>ec<span class="_ _1"></span>t of in sc<span class="_ _1"></span>op<span class="_ _1"></span>e coll<span class="_ _1"></span>ea<span class="_ _1"></span>gue<span class="_ _1"></span>s who h<span class="_ _1"></span>ad no<span class="_ _1"></span>t yet<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs639">lef<span class="_ _1"></span>t th<span class="_ _1"></span>e Gro<span class="_ _1"></span>up. S<span class="_ _1"></span>ee n<span class="_ _1"></span>ote 5.3 for f<span class="_ _1"></span>ur<span class="_ _1"></span>th<span class="_ _1"></span>er d<span class="_ _1"></span>et<span class="_ _1"></span>ails<span class="_ _1"></span>.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs63a">Cert<span class="_ _1"></span>ain<span class="_ _0"></span> asse<span class="_ _1"></span>ts, including<span class="_ _0"></span> prepaid commissions and<span class="_ _0"></span> soft<span class="_ _1"></span>ware ha<span class="_ _0"></span>ve been impaired<span class="_ _0"></span> due to the reduced<span class="_ _0"></span> f<span class="_ _1"></span>uture<span class="_ _0"></span> economic benefit expected </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs63b">to b<span class="_ _1"></span>e obt<span class="_ _1"></span>ai<span class="_ _1"></span>ned f<span class="_ _1"></span>rom t<span class="_ _1"></span>hes<span class="_ _1"></span>e as<span class="_ _1"></span>set<span class="_ _1"></span>s fo<span class="_ _1"></span>llo<span class="_ _1"></span>wing t<span class="_ _1"></span>he t<span class="_ _1"></span>ra<span class="_ _1"></span>ns<span class="_ _1"></span>ac<span class="_ _1"></span>tio<span class="_ _1"></span>n.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs63c">With a si<span class="_ _0"></span>gnific<span class="_ _1"></span>antly reduced<span class="_ _0"></span> number of cust<span class="_ _0"></span>omer<span class="_ _1"></span>s t<span class="_ _0"></span>o cover the<span class="_ _0"></span> cost base of<span class="_ _0"></span> t<span class="_ _1"></span>he<span class="_ _0"></span> remaining Opus<span class="_ _0"></span> Energy business, a<span class="_ _0"></span> number of sales </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs63d">co<span class="_ _1"></span>ntr<span class="_ _1"></span>ac<span class="_ _1"></span>t<span class="_ _1"></span>s are j<span class="_ _1"></span>udg<span class="_ _1"></span>ed to b<span class="_ _1"></span>e one<span class="_ _1"></span>rou<span class="_ _1"></span>s and a<span class="_ _1"></span>n one<span class="_ _1"></span>rou<span class="_ _1"></span>s con<span class="_ _1"></span>tr<span class="_ _1"></span>ac<span class="_ _1"></span>ts p<span class="_ _1"></span>rovi<span class="_ _1"></span>sio<span class="_ _1"></span>n has t<span class="_ _1"></span>her<span class="_ _1"></span>efor<span class="_ _1"></span>e bee<span class="_ _1"></span>n rec<span class="_ _1"></span>ogn<span class="_ _1"></span>ise<span class="_ _1"></span>d. S<span class="_ _1"></span>ee no<span class="_ _1"></span>te 5.3 for f<span class="_ _1"></span>ur<span class="_ _1"></span>th<span class="_ _1"></span>er de<span class="_ _1"></span>ta<span class="_ _1"></span>ils<span class="_ _1"></span>.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs63e">An a<span class="_ _1"></span>ddi<span class="_ _1"></span>ti<span class="_ _1"></span>ona<span class="_ _1"></span>l imp<span class="_ _1"></span>air<span class="_ _1"></span>me<span class="_ _1"></span>nt ch<span class="_ _1"></span>arg<span class="_ _1"></span>e has b<span class="_ _1"></span>een r<span class="_ _1"></span>eco<span class="_ _1"></span>gni<span class="_ _1"></span>sed a<span class="_ _1"></span>s a res<span class="_ _1"></span>ult of l<span class="_ _1"></span>ower e<span class="_ _1"></span>xpe<span class="_ _1"></span>cte<span class="_ _1"></span>d rec<span class="_ _1"></span>ove<span class="_ _1"></span>rie<span class="_ _1"></span>s on t<span class="_ _1"></span>he re<span class="_ _1"></span>ta<span class="_ _1"></span>ine<span class="_ _1"></span>d rec<span class="_ _1"></span>eiv<span class="_ _1"></span>abl<span class="_ _1"></span>es du<span class="_ _1"></span>e fro<span class="_ _1"></span>m<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs63f">loss customers<span class="_ _0"></span> (<span class="_ _0"></span>customers who are<span class="_ _0"></span> no longer supplied<span class="_ _0"></span> by Opus E<span class="_ _0"></span>nergy)<span class="_ _0"></span> due to the<span class="_ _0"></span> t<span class="_ _1"></span>ransaction and restructuring.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs640">T<span class="_ _1"></span>he ga<span class="_ _1"></span>ins an<span class="_ _1"></span>d los<span class="_ _1"></span>se<span class="_ _1"></span>s des<span class="_ _1"></span>cr<span class="_ _1"></span>ibe<span class="_ _1"></span>d ab<span class="_ _1"></span>ove t<span class="_ _1"></span>hat h<span class="_ _1"></span>ave be<span class="_ _1"></span>en re<span class="_ _1"></span>co<span class="_ _1"></span>gnis<span class="_ _1"></span>ed in t<span class="_ _1"></span>he p<span class="_ _1"></span>er<span class="_ _1"></span>iod o<span class="_ _1"></span>n the t<span class="_ _1"></span>r<span class="_ _1"></span>ans<span class="_ _1"></span>ac<span class="_ _1"></span>tio<span class="_ _1"></span>n an<span class="_ _1"></span>d rela<span class="_ _1"></span>ted r<span class="_ _1"></span>est<span class="_ _1"></span>ru<span class="_ _1"></span>ct<span class="_ _1"></span>uri<span class="_ _1"></span>ng hav<span class="_ _1"></span>e bee<span class="_ _1"></span>n<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs641">classified as ex<span class="_ _0"></span>ceptional. Further details of<span class="_ _0"></span> the amounts recognised as ex<span class="_ _0"></span>ceptional are detailed below:<span class="_ _339"> </span></div><div class="gs642"><table class="s w4a3 h1df" id="_24376042-578e-44b2-b58c-7fce89f44a25"><tr><td></td><td class="t m0 x89d h7f y5a2a ff1 fs6d fc1 sc0 ls1eb wsf3">Y<span class="_ _0"></span>ear ended </td></tr><tr><td></td><td class="t m0 x89e h7f y5a2b ff1 fs6d fc1 sc0 ls13f ws2">31<span class="_ gs443"> </span>Dec<span class="_ _1"></span>em<span class="_ _1"></span>be<span class="_ _1"></span>r 2024<span class="_ _339"> </span></td></tr><tr><td></td><td class="t m0 x1ec h7f y5a2c ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td></tr><tr><td class="c n x1ee y5a2d w4a4 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">Consideration allocated to the<span class="_ _0"></span> customer meter points<span class="_ _339"> </span></div></td><td class="c n x89f y5a2d w4a5 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls11 ws7d">9.6<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a2e w4a6 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls54 ws2">Ne<span class="_ _1"></span>t ass<span class="_ _1"></span>et<span class="_ _1"></span>s dis<span class="_ _1"></span>pos<span class="_ _1"></span>ed of d<span class="_ _1"></span>ire<span class="_ _1"></span>ctl<span class="_ _1"></span>y rel<span class="_ _1"></span>ate<span class="_ _1"></span>d to th<span class="_ _1"></span>e tr<span class="_ _1"></span>an<span class="_ _1"></span>sfe<span class="_ _1"></span>rred c<span class="_ _1"></span>ust<span class="_ _1"></span>ome<span class="_ _1"></span>rs<span class="_ _339"> </span></div></td><td class="c n x8a0 y5a2e w419 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls9b wsab">(8<span class="_ _1"></span>.4)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a2f w4a7 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls54 ws2">Pro<span class="_ _1"></span>fit o<span class="_ _1"></span>n dis<span class="_ _1"></span>pos<span class="_ _1"></span>al of c<span class="_ _1"></span>us<span class="_ _1"></span>tom<span class="_ _1"></span>er me<span class="_ _1"></span>te<span class="_ _1"></span>r poi<span class="_ _1"></span>nt<span class="_ _1"></span>s <span class="ff2">– inc<span class="_ _1"></span>lud<span class="_ _1"></span>ed in o<span class="_ _1"></span>th<span class="_ _1"></span>er ga<span class="_ _1"></span>ins a<span class="_ _1"></span>nd los<span class="_ _1"></span>se<span class="_ _1"></span>s<span class="_ _339"> </span></span></div></td><td class="c n x8a1 y5a2f w26b h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls99 wsa7">1.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td></tr><tr><td class="t m0 x2b2 h5 y5a30 ff1 fs3 fc1 sc0 ls54 ws2">Ot<span class="_ _1"></span>he<span class="_ _1"></span>r los<span class="_ _1"></span>ses i<span class="_ _1"></span>ncu<span class="_ _1"></span>rr<span class="_ _1"></span>ed as a d<span class="_ _1"></span>ire<span class="_ _1"></span>ct re<span class="_ _1"></span>sul<span class="_ _1"></span>t of th<span class="_ _1"></span>e tr<span class="_ _1"></span>an<span class="_ _1"></span>sa<span class="_ _1"></span>cti<span class="_ _1"></span>on an<span class="_ _1"></span>d res<span class="_ _1"></span>tr<span class="_ _1"></span>uc<span class="_ _1"></span>tur<span class="_ _1"></span>ing<span class="_ _339"> </span></td><td></td></tr><tr><td class="t m0 x2b2 h6 y5a31 ff2 fs3 fc1 sc0 ls98 ws4">Onerous contracts provision,<span class="_ _0"></span> impairm<span class="_ _1"></span>ent<span class="_ _0"></span> of prepaid commissi<span class="_ _0"></span>ons and final commi<span class="_ _0"></span>ssion settlement on retained </td><td></td></tr><tr><td class="c n x1ee y5a32 w4a8 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls54 ws2">cus<span class="_ _1"></span>tom<span class="_ _1"></span>er<span class="_ _1"></span>s – inc<span class="_ _1"></span>lud<span class="_ _1"></span>ed in c<span class="_ _1"></span>ost of s<span class="_ _1"></span>al<span class="_ _1"></span>es<span class="_ _339"> </span></div></td><td class="c n x8a2 y5a32 w457 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls82 wsa3">(23.3)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a33 w4a9 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls8a ws5">Redundancy<span class="_ _0"></span>, transaction and m<span class="_ _0"></span>igrat<span class="_ _1"></span>ion<span class="_ _0"></span> cost<span class="_ _1"></span>s<span class="_ _0"></span> – included in<span class="_ _0"></span> operating and admini<span class="_ _0"></span>str<span class="_ _1"></span>ative<span class="_ _0"></span> expenses<span class="_ _339"> </span></div></td><td class="c n x8a3 y5a33 w94 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls9b wsab">(9.<span class="_ _1"></span>2)<span class="_ _339"> </span></div></td></tr><tr><td class="c x1ee y5a34 w4aa h1bf"><div class="t m0 x1ed h6 y582c ff2 fs3 fc1 sc0 ls54 ws2">Fair v<span class="_ _1"></span>alu<span class="_ _1"></span>e los<span class="_ _1"></span>ses o<span class="_ _1"></span>n rec<span class="_ _1"></span>eiv<span class="_ _1"></span>ab<span class="_ _1"></span>les re<span class="_ _1"></span>lat<span class="_ _1"></span>in<span class="_ _1"></span>g to tr<span class="_ _1"></span>an<span class="_ _1"></span>sfe<span class="_ _1"></span>rre<span class="_ _1"></span>d cust<span class="_ _1"></span>ome<span class="_ _1"></span>rs (se<span class="_ _1"></span>e not<span class="_ _1"></span>e 3.5<span class="_ _0"></span>) – i<span class="_ _1"></span>ncl<span class="_ _1"></span>ude<span class="_ _1"></span>d in op<span class="_ _1"></span>er<span class="_ _1"></span>at<span class="_ _1"></span>ing a<span class="_ _1"></span>nd<span class="_ _339"> </span></div><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls9 ws8">administr<span class="_ _1"></span>ative expenses<span class="_ _339"> </span></div></td><td class="c n x8a4 y5a34 w4ab h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls226 ws292">(12<span class="_ _1"></span>.<span class="_ _1"></span>9<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c x1ee y5a35 w4ac h1c0"><div class="t m0 x1ed h6 y5802 ff2 fs3 fc1 sc0 ls54 ws2">Ad<span class="_ _1"></span>dit<span class="_ _1"></span>ion<span class="_ _1"></span>al im<span class="_ _1"></span>pai<span class="_ _1"></span>rm<span class="_ _1"></span>ent of r<span class="_ _1"></span>ece<span class="_ _1"></span>iva<span class="_ _1"></span>ble<span class="_ _1"></span>s rel<span class="_ _1"></span>at<span class="_ _1"></span>ing to r<span class="_ _1"></span>et<span class="_ _1"></span>ain<span class="_ _1"></span>ed cu<span class="_ _1"></span>stom<span class="_ _1"></span>er<span class="_ _1"></span>s (<span class="_ _0"></span>s<span class="_ _1"></span>ee no<span class="_ _1"></span>te 3.5) – inc<span class="_ _1"></span>lud<span class="_ _1"></span>ed in i<span class="_ _1"></span>mp<span class="_ _1"></span>air<span class="_ _1"></span>men<span class="_ _1"></span>t los<span class="_ _1"></span>ses o<span class="_ _1"></span>n<span class="_ _339"> </span></div><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">financial assets<span class="_ _339"> </span></div></td><td class="c n x8a5 y5a35 w4ab h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls226 ws292">(12<span class="_ _1"></span>.<span class="_ _1"></span>7<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y57c7 w4ad h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">Impairment of<span class="_ _0"></span> non-current assets (<span class="_ _0"></span>see note 2.<span class="_ _0"></span>4)<span class="_ _0"></span> – included in<span class="_ _0"></span> impairment of non-curr<span class="_ _0"></span>ent asset<span class="_ _1"></span>s<span class="_ _339"> </span></div></td><td class="c n x8a6 y57c7 w5d h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls206 wsf4">(2<span class="_ _1"></span>.6<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5705 w4ae h1b3"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls54 ws2">Ne<span class="_ _1"></span>t los<span class="_ _1"></span>s rec<span class="_ _1"></span>ogn<span class="_ _1"></span>is<span class="_ _1"></span>ed as a r<span class="_ _1"></span>esu<span class="_ _1"></span>lt of t<span class="_ _1"></span>he t<span class="_ _1"></span>ran<span class="_ _1"></span>sa<span class="_ _1"></span>ct<span class="_ _1"></span>ion<span class="_ _339"> </span></div></td><td class="c n x8a7 y5705 w4af h1b3"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls11 ws7d">(59.5)<span class="_ _339"> </span></div></td></tr></table></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs643">A<span class="_ _1"></span>s pa<span class="_ _1"></span>rt of t<span class="_ _1"></span>he t<span class="_ _1"></span>ra<span class="_ _1"></span>ns<span class="_ _1"></span>act<span class="_ _1"></span>io<span class="_ _1"></span>n, th<span class="_ _1"></span>e Op<span class="_ _1"></span>us Ene<span class="_ _1"></span>rgy h<span class="_ _1"></span>edg<span class="_ _1"></span>e bo<span class="_ _1"></span>ok<span class="_ _1"></span>, to pu<span class="_ _1"></span>rch<span class="_ _1"></span>ase p<span class="_ _1"></span>ower a<span class="_ _1"></span>nd g<span class="_ _1"></span>as to su<span class="_ _1"></span>ppl<span class="_ _1"></span>y to it<span class="_ _1"></span>s cu<span class="_ _1"></span>sto<span class="_ _1"></span>mer<span class="_ _1"></span>s, w<span class="_ _1"></span>as t<span class="_ _1"></span>ra<span class="_ _1"></span>nsfe<span class="_ _1"></span>rre<span class="_ _1"></span>d to<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs644">EDF<span class="_ _2"></span>. Prior to<span class="_ _0"></span> the tr<span class="_ _1"></span>ansaction these trades were<span class="_ _0"></span> all intercompany<span class="_ _0"></span> bet<span class="_ _1"></span>ween the Biomass<span class="_ _0"></span> Gener<span class="_ _1"></span>ation bus<span class="_ _0"></span>iness and Opus Energy<span class="_ _0"></span> and<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs645">wer<span class="_ _1"></span>e the<span class="_ _1"></span>refo<span class="_ _1"></span>re el<span class="_ _1"></span>imin<span class="_ _1"></span>ate<span class="_ _1"></span>d on c<span class="_ _1"></span>ons<span class="_ _1"></span>olid<span class="_ _1"></span>at<span class="_ _1"></span>ion<span class="_ _1"></span>. As t<span class="_ _1"></span>he h<span class="_ _1"></span>edg<span class="_ _1"></span>e bo<span class="_ _1"></span>ok wa<span class="_ _1"></span>s tr<span class="_ _1"></span>ans<span class="_ _1"></span>fer<span class="_ _1"></span>red a<span class="_ _1"></span>t th<span class="_ _1"></span>e or<span class="_ _1"></span>igin<span class="_ _1"></span>al he<span class="_ _1"></span>dge<span class="_ _1"></span>d ra<span class="_ _1"></span>te to a p<span class="_ _1"></span>ar<span class="_ _1"></span>t<span class="_ _1"></span>y ext<span class="_ _1"></span>ern<span class="_ _1"></span>al to t<span class="_ _1"></span>he<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs646">Gro<span class="_ _1"></span>up, t<span class="_ _1"></span>he t<span class="_ _1"></span>ra<span class="_ _1"></span>des w<span class="_ _1"></span>ere of<span class="_ _1"></span>f m<span class="_ _1"></span>ar<span class="_ _1"></span>ket an<span class="_ _1"></span>d ha<span class="_ _1"></span>d a day on<span class="_ _1"></span>e ma<span class="_ _1"></span>rk-to-m<span class="_ _1"></span>ar<span class="_ _1"></span>ket f<span class="_ _1"></span>air v<span class="_ _1"></span>alu<span class="_ _1"></span>e of £33.<span class="_ _0"></span>7<span class="lse wsc"> millio<span class="_ _1"></span>n</span>. Th<span class="_ _1"></span>is ga<span class="_ _1"></span>in has n<span class="_ _1"></span>ot b<span class="_ _1"></span>een r<span class="_ _1"></span>eco<span class="_ _1"></span>gnis<span class="_ _1"></span>ed<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs647">as<span class="_ gs7"> </span>p<span class="_ _1"></span>ar<span class="_ _1"></span>t of th<span class="_ _1"></span>e net l<span class="_ _1"></span>oss a<span class="_ _1"></span>s a res<span class="_ _1"></span>ult of t<span class="_ _1"></span>he t<span class="_ _1"></span>ra<span class="_ _1"></span>nsa<span class="_ _1"></span>ct<span class="_ _1"></span>ion<span class="_ _1"></span>, as w<span class="_ _1"></span>hilst t<span class="_ _1"></span>he c<span class="_ _1"></span>oun<span class="_ _1"></span>ter<span class="_ _1"></span>pa<span class="_ _1"></span>rt<span class="_ _1"></span>y h<span class="_ _1"></span>as ch<span class="_ _1"></span>ang<span class="_ _1"></span>ed, t<span class="_ _1"></span>he<span class="_ _1"></span>re is no i<span class="_ _1"></span>mpa<span class="_ _1"></span>ct o<span class="_ _1"></span>n the B<span class="_ _1"></span>iom<span class="_ _1"></span>as<span class="_ _1"></span>s </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs648">Ge<span class="_ _1"></span>ner<span class="_ _1"></span>at<span class="_ _1"></span>ion b<span class="_ _1"></span>usi<span class="_ _1"></span>nes<span class="_ _1"></span>s whi<span class="_ _1"></span>ch wi<span class="_ _1"></span>ll co<span class="_ _1"></span>nti<span class="_ _1"></span>nue t<span class="_ _1"></span>o sel<span class="_ _1"></span>l ene<span class="_ _1"></span>rgy. Thi<span class="_ _1"></span>s woul<span class="_ _1"></span>d have o<span class="_ _1"></span>cc<span class="_ _1"></span>urr<span class="_ _1"></span>ed ir<span class="_ _1"></span>resp<span class="_ _1"></span>ec<span class="_ _1"></span>tiv<span class="_ _1"></span>e of th<span class="_ _1"></span>e tr<span class="_ _1"></span>ans<span class="_ _1"></span>ac<span class="_ _1"></span>ti<span class="_ _1"></span>on an<span class="_ _1"></span>d as su<span class="_ _1"></span>ch t<span class="_ _1"></span>he ga<span class="_ _1"></span>in<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs649">has been pr<span class="_ _0"></span>esented within Certain remeasurements in<span class="_ _0"></span> t<span class="_ _1"></span>he<span class="_ _0"></span> C<span class="_ _1"></span>onsolidated<span class="_ _0"></span> income statement, consistent<span class="_ _0"></span> with the Group’<span class="_ _0"></span>s treatment<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls9 ws5 gs64a">of<span class="_ gs7"> </span><span class="_ _0"></span>unrealised g<span class="_ _0"></span>ains and lo<span class="_ _0"></span>s<span class="_ _1"></span>ses<span class="_ _0"></span> on unhedged derivative contracts.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs64b">Du<span class="_ _1"></span>rin<span class="_ _1"></span>g th<span class="_ _1"></span>e cur<span class="_ _1"></span>rent y<span class="_ _1"></span>ear t<span class="_ _1"></span>he G<span class="_ _1"></span>rou<span class="_ _1"></span>p had a n<span class="_ _1"></span>et c<span class="_ _1"></span>ash i<span class="_ _1"></span>nflow o<span class="_ _1"></span>f £9.6<span class="lse wsc"> million</span> in res<span class="_ _1"></span>pe<span class="_ _1"></span>ct of t<span class="_ _1"></span>he Op<span class="_ _1"></span>us En<span class="_ _1"></span>erg<span class="_ _1"></span>y tr<span class="_ _1"></span>ans<span class="_ _1"></span>ac<span class="_ _1"></span>ti<span class="_ _1"></span>on. T<span class="_ _1"></span>his c<span class="_ _1"></span>om<span class="_ _1"></span>pri<span class="_ _1"></span>sed a<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs64c">c<span class="_ _1"></span>ash in<span class="_ _1"></span>flow of £13.<span class="_ _0"></span>9<span class="lse wsc"> millio<span class="_ _1"></span>n</span> of cons<span class="_ _1"></span>ide<span class="_ _1"></span>ra<span class="_ _1"></span>tio<span class="_ _1"></span>n rec<span class="_ _1"></span>eiv<span class="_ _1"></span>ed, a n<span class="_ _1"></span>et £2.<span class="_ _1"></span>0<span class="lse wsc"> million</span> inflo<span class="_ _1"></span>w in re<span class="_ _1"></span>spe<span class="_ _1"></span>ct of d<span class="_ _1"></span>ebt a<span class="_ _1"></span>nd cr<span class="_ _1"></span>edi<span class="_ _1"></span>ts t<span class="_ _1"></span>r<span class="_ _1"></span>ans<span class="_ _1"></span>fer<span class="_ _1"></span>red to E<span class="_ _1"></span>DF<span class="_ _0"></span>, and<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs64d">a<span class="_ gs7"> </span>c<span class="_ _1"></span>ash ou<span class="_ _1"></span>t<span class="_ _1"></span>flow o<span class="_ _1"></span>f £<span class="_ _0"></span>6<span class="_ _1"></span>.3<span class="lse wsc"> million</span> in re<span class="_ _1"></span>spe<span class="_ _1"></span>ct of re<span class="_ _1"></span>dun<span class="_ _1"></span>da<span class="_ _1"></span>ncy, tr<span class="_ _1"></span>ans<span class="_ _1"></span>ac<span class="_ _1"></span>ti<span class="_ _1"></span>on an<span class="_ _1"></span>d mig<span class="_ _1"></span>rat<span class="_ _1"></span>io<span class="_ _1"></span>n cos<span class="_ _1"></span>ts p<span class="_ _1"></span>ai<span class="_ _1"></span>d out in t<span class="_ _1"></span>he ye<span class="_ _1"></span>ar<span class="_ _0"></span>. T<span class="_ _1"></span>he c<span class="_ _1"></span>as<span class="_ _1"></span>h flow<span class="_ _1"></span>s rela<span class="_ _1"></span>ti<span class="_ _1"></span>ng<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs64e">to<span class="_ gs7"> </span>t<span class="_ _1"></span>he t<span class="_ _1"></span>ran<span class="_ _1"></span>sa<span class="_ _1"></span>ct<span class="_ _1"></span>ion h<span class="_ _1"></span>ave be<span class="_ _1"></span>en re<span class="_ _1"></span>co<span class="_ _1"></span>gnis<span class="_ _1"></span>ed w<span class="_ _1"></span>ith<span class="_ _1"></span>in op<span class="_ _1"></span>er<span class="_ _1"></span>ati<span class="_ _1"></span>ng c<span class="_ _1"></span>ash fl<span class="_ _1"></span>ows i<span class="_ _1"></span>n the C<span class="_ _1"></span>on<span class="_ _1"></span>sol<span class="_ _1"></span>ida<span class="_ _1"></span>ted c<span class="_ _1"></span>as<span class="_ _1"></span>h flow st<span class="_ _1"></span>a<span class="_ _1"></span>tem<span class="_ _1"></span>ent<span class="_ _1"></span>. </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs650">For each it<span class="_ _0"></span>em designated as<span class="_ _0"></span> exceptional or as<span class="_ _0"></span> a cert<span class="_ _1"></span>ain<span class="_ _0"></span> remeasurement, the table below<span class="_ _0"></span> summarises the impact of<span class="_ _0"></span> t<span class="_ _1"></span>he<span class="_ _0"></span> item on </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs651">Adj<span class="_ _1"></span>uste<span class="_ _1"></span>d an<span class="_ _1"></span>d T<span class="_ _2"></span>o<span class="_ _1"></span>ta<span class="_ _1"></span>l pro<span class="_ _1"></span>fit af<span class="_ _1"></span>ter t<span class="_ _1"></span>ax<span class="_ _1"></span>, Ba<span class="_ _1"></span>sic EP<span class="_ _1"></span>S an<span class="_ _1"></span>d Net c<span class="_ _1"></span>as<span class="_ _1"></span>h fro<span class="_ _1"></span>m ope<span class="_ _1"></span>ra<span class="_ _1"></span>tin<span class="_ _1"></span>g ac<span class="_ _1"></span>tiv<span class="_ _1"></span>iti<span class="_ _1"></span>es<span class="_ _1"></span>.<span class="_ _339"> </span></div><div class="gs652"><table class="s w4b0 h1e0" id="_a61a4deb-f5c9-4958-9377-2ff09345c33e"><tr><td></td><td></td><td></td><td></td><td></td><td class="t m0 x8a8 h7f y5a36 ff1 fs6d fc1 sc0 lsc3 ws2">Year e<span class="_ _1"></span>nd<span class="_ _1"></span>ed 31<span class="_ gs443"> </span>De<span class="_ _1"></span>ce<span class="_ _1"></span>mb<span class="_ _1"></span>er 20<span class="_ _1"></span>24<span class="_ _339"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class="t m0 x8a9 h7f y5a37 ff1 fs6d fc1 sc0 ls13e ws157">Profit/(loss) </td><td class="t m0 x6e0 h7f y5a38 ff1 fs6d fc1 sc0 ls13e ws157">Basic </td><td class="t m0 x8aa h7f y5a39 ff1 fs6d fc1 sc0 ls1eb wsf3">Net cash<span class="_ _0"></span> from<span class="_ _339"> </span></td></tr><tr><td></td><td></td><td></td><td class="t m0 x34a h7f y5a3a ff1 fs6d fc1 sc0 ls13e ws157">Operat<span class="_ _1"></span>ing </td><td class="t m0 x8ab h7f y5a3b ff1 fs6d fc1 sc0 ls148 wsd3">Profit </td><td class="t m0 x20d h7f y5a3c ff1 fs6d fc1 sc0 ls13d ws118">T<span class="_ _0"></span>ax (<span class="_ _0"></span>charge)<span class="_ _0"></span>/<span class="_ _339"> </span></td><td class="t m0 x488 h7f y5a3d ff1 fs6d fc1 sc0 ls1eb wsf3">for the<span class="_ _339"> </span></td><td class="t m0 x2bd h7f y5a3e ff1 fs6d fc1 sc0 ls1e8 wsec">earnings/(loss) </td><td class="t m0 x8ac h7f y5a3f ff1 fs6d fc1 sc0 ls13e ws157">operating<span class="_ _339"> </span></td></tr><tr><td></td><td class="t m0 x7a1 h7f y5a40 ff1 fs6d fc1 sc0 ls13d ws156">Revenue<span class="_ _339"> </span></td><td class="t m0 x7a0 h7f y5a40 ff1 fs6d fc1 sc0 ls13e wsf1">Gross profit<span class="_ _339"> </span></td><td class="t m0 x203 h7f y5a41 ff1 fs6d fc1 sc0 ls13e ws157">profit<span class="_ _339"> </span></td><td class="t m0 x8ad h7f y5a42 ff1 fs6d fc1 sc0 ls13d ws118">before tax<span class="_ _339"> </span></td><td class="t m0 x6b9 h7f y5a43 ff1 fs6d fc1 sc0 ls14f ws66">credit<span class="_ _339"> </span></td><td class="t m0 x8ae h7f y5a44 ff1 fs6d fc1 sc0 ls14f ws66">period<span class="_ _339"> </span></td><td class="t m0 x1e9 h7f y5a45 ff1 fs6d fc1 sc0 ls14f wsc6">per share<span class="_ _339"> </span></td><td class="t m0 x699 h7f y5a46 ff1 fs6d fc1 sc0 ls15d ws17f">activities<span class="_ _339"> </span></td></tr><tr><td></td><td class="t m0 x7ab h7f y5a47 ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x7ac h7f y5a47 ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x205 h7f y5a48 ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x598 h7f y5a49 ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x7ad h7f y5a4a ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x490 h7f y5a4b ff1 fs6d fc1 sc0 ls225 ws290">£m </td><td class="t m0 x352 h7f y5a4c ff1 fs6d fc1 sc0 ls15d ws17f">Pence<span class="_ _339"> </span></td><td class="t m0 x1ec h7f y5a4d ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td></tr><tr><td class="c n x1ee y5a4e w4b1 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 lsf ws9">T<span class="_ _2"></span>o<span class="_ _1"></span>tal results IFRS measure<span class="_ _339"> </span></div></td><td class="c n x8af y5a4e w4b2 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls1d wsb2">6<span class="_ _14"> </span>,1<span class="_ _9"></span>6<span class="_ _14"></span>2<span class="_ _9"></span>.<span class="_ _14"></span>5</div></td><td class="c n x8b0 y5a4e w121 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 lse0 wsfe">1<span class="_ _1"></span>,8<span class="_ _1"></span>76<span class="_ _1"></span>.<span class="_ _1"></span>5</div></td><td class="c n x8b1 y5a4e w4b3 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls28 ws93">850.<span class="_ _1"></span>2</div></td><td class="c n x8b2 y5a4e w4b4 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls23 ws8a">7<span class="_ _1"></span>53.4</div></td><td class="c n x8b3 y5a4e wae h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls84 ws9b">(227<span class="_ _0"></span>.9<span class="_ _0"></span>)</div></td><td class="c n x8b4 y5a4e wbc h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls9f wsb1">525.<span class="_ _1"></span>5</div></td><td class="c n x8b5 y5a4e wd2 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 lsa5 wsb8">1<span class="_ _1"></span>3<span class="_ _14"></span>7.<span class="_ _9"></span>5</div></td><td class="c n x8b6 y5a4e w1f3 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls11 ws7d">859.<span class="_ _1"></span>5<span class="_ _339"> </span></div></td></tr><tr><td class="t m0 x2b2 h5 y5a4f ff1 fs3 fc1 sc0 ls9c ws10">Certain remeasurements:<span class="_ _339"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class="c x1ee y5a50 w4b5 h1bb"><div class="t m0 x1ed h6 y574d ff2 fs3 fc1 sc0 ls98 ws4">Net fair<span class="_ _0"></span> value remeasurement on<span class="_ _339"> </span></div><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls8a ws5">derivative contracts<span class="_ _339"> </span></div></td><td class="c n x8b7 y5a50 w4b6 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls99 wsa7">(81.<span class="_ _1"></span>3)</div></td><td class="c n x8b8 y5a50 w4b7 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls11 ws7d">(<span class="_ _0"></span>10<span class="_ _1"></span>9.5<span class="_ _1"></span>)</div></td><td class="c n x8b9 y5a50 w4b8 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls11 ws7d">(109.5<span class="_ _1"></span>)</div></td><td class="c n x8ba y5a50 w3f7 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls226 ws292">(1<span class="_ _1"></span>0<span class="_ _1"></span>8<span class="_ _9"></span>.<span class="_ _1"></span>9)<span class="_ _339"> </span></div></td><td class="c n x8bb y5a50 w4b9 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 lse0 wsfe">2<span class="_ _1"></span>9.7<span class="_ _339"> </span></div></td><td class="c n x8bc y5a50 w4ba h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls9b wsab">(<span class="_ _1"></span>7<span class="_ _1"></span>9.<span class="_ _1"></span>2)</div></td><td class="c n x8bd y5a50 w453 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 lse0 wsfe">(20<span class="_ _1"></span>.7<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x8be y5a50 w56 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td></tr><tr><td class="t m0 x2b2 h5 y5a51 ff1 fs3 fc1 sc0 ls8a ws5">Exceptional items:<span class="_ _339"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class="t m0 x2b2 h6 y5a52 ff2 fs3 fc1 sc0 ls98 ws4">Opus Energy<span class="_ _0"></span> sale of meter<span class="_ _0"></span> point<span class="_ _1"></span>s </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class="c n x1ee y5a35 w4bb h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls8a ws5">and res<span class="_ _0"></span>t<span class="_ _1"></span>ructuring<span class="_ _339"> </span></div></td><td class="c n x8bf y5a35 w56 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x8c0 y5a35 w4bc h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls71 wsea">23.3<span class="_ _339"> </span></div></td><td class="c n x8c1 y5a35 wa5 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls11 ws7d">59.<span class="_ _1"></span>5<span class="_ _339"> </span></div></td><td class="c n x8c2 y5a35 wa5 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls11 ws7d">59.<span class="_ _1"></span>5<span class="_ _339"> </span></div></td><td class="c n x8c3 y5a35 w4bd h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls226 ws292">(1<span class="_ _1"></span>4<span class="_ _1"></span>.<span class="_ _1"></span>8<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x8c4 y5a35 w4be h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 lse0 wsfe">4<span class="_ _9"></span>4<span class="_ _1"></span>.7<span class="_ _339"> </span></div></td><td class="c n x8c5 y5a35 w48b h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls93 wsa1">11<span class="_ _1"></span>.<span class="_ _1"></span>6<span class="_ _339"> </span></div></td><td class="c n x8c6 y5a35 w13d h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls206 wsf4">(9.6<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5704 w2d4 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 lse3 wsfc">To<span class="_ _9"></span>t<span class="_ _9"></span>a<span class="_ _9"></span>l<span class="_ _339"> </span></div></td><td class="c n x8c7 y5704 w4b6 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls99 wsa7">(81.<span class="_ _1"></span>3)</div></td><td class="c n x8c8 y5704 w144 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls9b wsab">(8<span class="_ _1"></span>6<span class="_ _1"></span>.<span class="_ _1"></span>2)</div></td><td class="c n x8c9 y5704 w4bf h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls9d wsad">(<span class="_ _1"></span>5<span class="_ _1"></span>0.<span class="_ _1"></span>0)</div></td><td class="c n x8ca y5704 w4c0 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls2b ws2e">(4<span class="_ _1"></span>9.<span class="_ _1"></span>4)<span class="_ _339"> </span></div></td><td class="c n x8cb y5704 w4c1 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls9d wsad">14<span class="_ _1"></span>.9<span class="_ _339"> </span></div></td><td class="c n x8cc y5704 w4c2 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls82 wsa3">(3<span class="_ _1"></span>4.5)<span class="_ _339"> </span></div></td><td class="c n x8cd y5704 w4c3 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls227 ws293">(<span class="_ _9"></span>9<span class="_ _9"></span>.1<span class="_ _9"></span>)<span class="_ _339"> </span></div></td><td class="c n x8ce y5704 w267 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls206 wsf4">(9.<span class="_ _1"></span>6)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5705 w4c4 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls98 ws4">Adjusted results totals<span class="_ _339"> </span></div></td><td class="c n x8cf y5705 w49 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls99 wsa7">6<span class="_ _1"></span>,<span class="_ _1"></span>0<span class="_ _1"></span>81.<span class="_ _1"></span>2</div></td><td class="c n x8d0 y5705 w5c h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls71 wsea">1,<span class="_ _0"></span>790.3</div></td><td class="c n x8d1 y5705 w8c h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 lsd wsc3">80<span class="_ _1"></span>0.2</div></td><td class="c n x8d2 y5705 w4c5 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls56 wscb">704.<span class="_ _1"></span>0</div></td><td class="c n x8d3 y5705 w4c6 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls137 ws14e">(<span class="_ _1"></span>213<span class="_ _1"></span>.<span class="_ _1"></span>0<span class="_ _1"></span>)</div></td><td class="c n x8d4 y5705 w4c7 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls99 wsa7">4<span class="_ _1"></span>91.<span class="_ _1"></span>0</div></td><td class="c n x8d5 y5705 w4c8 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 lsa3 wsb7">128<span class="_ _9"></span>.<span class="_ _1"></span>4</div></td><td class="c n x8d6 y5705 w4c9 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls11 ws7d">8<span class="_ _1"></span>49.<span class="_ _1"></span>9<span class="_ _339"> </span></div></td></tr></table></div><div class="gs653"><table class="s w4ca h1e1" id="_7b3fbb1e-ed94-47eb-8cb3-1de556fd6200"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class="t m0 x8a8 h7d y5a53 ff2 fs6d fc1 sc0 lsc3 ws2">Y<span class="_ _0"></span>e<span class="_ _1"></span>ar e<span class="_ _1"></span>nd<span class="_ _1"></span>ed 31<span class="_ gs447"> </span>De<span class="_ _1"></span>ce<span class="_ _1"></span>mb<span class="_ _1"></span>er 20<span class="_ _1"></span>23<span class="_ _339"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class="t m0 x5cc h7d y5a54 ff2 fs6d fc1 sc0 ls13e ws157">Profit/(loss) </td><td class="t m0 x6e0 h7d y5a55 ff2 fs6d fc1 sc0 ls225 ws290">Basic </td><td class="t m0 x8aa h7d y5a56 ff2 fs6d fc1 sc0 ls13f ws2">Ne<span class="_ _1"></span>t ca<span class="_ _1"></span>sh f<span class="_ _1"></span>rom<span class="_ _339"> </span></td></tr><tr><td></td><td></td><td class="c x8d8 y5a57 w4cb h1e2"><div class="t m0 x1ed h7d y5707 ff2 fs6d fc1 sc0 ls15d ws17f">Restated</div><div class="t m0 x8d7 h106 y5713 ff2 fs81 fc1 sc0 ls224 ws28f">(1)<span class="_ _339"> </span></div></td><td></td><td></td><td class="t m0 x34a h7d y5a58 ff2 fs6d fc1 sc0 ls15d ws17f">Operating </td><td class="t m0 x5f1 h7d y5a59 ff2 fs6d fc1 sc0 lsdc ws15f">Profit </td><td class="t m0 x20d h7d y5a5a ff2 fs6d fc1 sc0 ls15d wsa5">T<span class="_ _0"></span>ax (<span class="_ _0"></span>charge<span class="_ _0"></span>)/<span class="_ _339"> </span></td><td class="t m0 x8ae h7d y5a5b ff2 fs6d fc1 sc0 ls1eb wsf3">for the<span class="_ _339"> </span></td><td class="t m0 x489 h7d y5a5c ff2 fs6d fc1 sc0 ls13e ws157">earnings/(loss) </td><td class="t m0 x8d9 h7d y5a5d ff2 fs6d fc1 sc0 ls15d ws17f">operating<span class="_ _339"> </span></td></tr><tr><td></td><td></td><td class="t m0 x7a1 h7d y5a5e ff2 fs6d fc1 sc0 ls148 wsd3">Revenue<span class="_ _339"> </span></td><td></td><td class="t m0 x6dc h7d y5a5e ff2 fs6d fc1 sc0 lsdc ws161">Gross profit<span class="_ _339"> </span></td><td class="t m0 x203 h7d y5a5f ff2 fs6d fc1 sc0 lsdc ws15f">profit<span class="_ _339"> </span></td><td class="t m0 x8ad h7d y5a60 ff2 fs6d fc1 sc0 lsdc ws161">before tax<span class="_ _339"> </span></td><td class="t m0 x6b9 h7d y5a61 ff2 fs6d fc1 sc0 ls149 ws1bc">credit<span class="_ _339"> </span></td><td class="t m0 x8ae h7d y5a62 ff2 fs6d fc1 sc0 ls148 wsd3">period<span class="_ _339"> </span></td><td class="t m0 x1e9 h7d y5a63 ff2 fs6d fc1 sc0 ls15d wsa5">per share<span class="_ _339"> </span></td><td class="t m0 x699 h7d y5a64 ff2 fs6d fc1 sc0 ls15d ws17f">activities<span class="_ _339"> </span></td></tr><tr><td></td><td></td><td class="t m0 x7ab h7d y5a65 ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td></td><td class="t m0 x7ac h7d y5a65 ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x205 h7d y5a66 ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x598 h7d y5a67 ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x7ad h7d y5a68 ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x490 h7d y5a69 ff2 fs6d fc1 sc0 ls225 ws290">£m </td><td class="t m0 x352 h7d y5a6a ff2 fs6d fc1 sc0 ls1eb ws45">Pence<span class="_ _339"> </span></td><td class="t m0 x1ec h7d y5a6b ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td></tr><tr><td class="c n x1ee y5a6c w4b1 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 lsf ws9">T<span class="_ _2"></span>o<span class="_ _1"></span>tal results IFRS measure<span class="_ _339"> </span></div></td><td></td><td class="c n x583 y5a6c w2e6 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls1d wsb2">7,<span class="_ _9"></span>7<span class="_ _14"> </span>3<span class="_ _9"></span>3<span class="_ _9"></span>.<span class="_ _14"> </span>2<span class="_ _339"> </span></div></td><td></td><td class="c n x8da y5a6c w15c h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls1f ws79">1,9<span class="_ _1"></span>53.<span class="_ _1"></span>6</div></td><td class="c n x8db y5a6c w91 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsb6 wsfd">908.2</div></td><td class="c n x8b2 y5a6c w4cc h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsb8 ws182">796.4</div></td><td class="c n x8dc y5a6c w4cd h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls79 wsaa">(2<span class="_ _1"></span>35.5)</div></td><td class="c n x8dd y5a6c w4ce h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls79 wsaa">56<span class="_ _1"></span>0.9</div></td><td class="c n x8de y5a6c w38e h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsa6 wsb9">14<span class="_ _1"></span>2<span class="_ _1"></span>.<span class="_ _1"></span>8</div></td><td class="c n x8df y5a6c w397 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lse0 wsfe">835<span class="_ _1"></span>.6<span class="_ _339"> </span></div></td></tr><tr><td class="t m0 x2b2 h5 y5a6d ff1 fs3 fc1 sc0 ls9c ws10">Certain remeasurements:<span class="_ _339"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class="c x1ee y5a6e w4b5 h1bf"><div class="t m0 x1ed h6 y582c ff2 fs3 fc1 sc0 ls98 ws4">Net fair<span class="_ _0"></span> value remeasurement on<span class="_ _339"> </span></div><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls8a ws5">derivative contracts<span class="_ _339"> </span></div></td><td></td><td class="c n x8e0 y5a6e w4cf h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls78 wsb0">(<span class="_ _0"></span>282.9<span class="_ _0"></span>)<span class="_ _339"> </span></div></td><td></td><td class="c n x8e1 y5a6e w4d0 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls28 ws93">(200.2)</div></td><td class="c n x8e2 y5a6e w4d0 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls28 ws93">(200.2)</div></td><td class="c n x8e3 y5a6e w4d1 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls75 ws23">(2<span class="_ _1"></span>0<span class="_ _1"></span>4<span class="_ _1"></span>.<span class="_ _1"></span>8)<span class="_ _339"> </span></div></td><td class="c n x8e4 y5a6e w35b h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls76 ws7f">4<span class="_ _13"> </span>8<span class="_ _9"></span>.1</div></td><td class="c n x8e5 y5a6e w4d2 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls74 wsc2">(15<span class="_ _1"></span>6<span class="_ _1"></span>.<span class="_ _1"></span>7<span class="_ _1"></span>)</div></td><td class="c n x8e6 y5a6e w53 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls9a wsa8">(<span class="_ _1"></span>39<span class="_ _1"></span>.7<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x8e7 y5a6e w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a6f w423 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls8a ws5">Impact of<span class="_ _0"></span> tax rate change<span class="_ _339"> </span></div></td><td></td><td class="c n x8e8 y5a6f w17f h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td></td><td class="c n x8e9 y5a6f w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x8ea y5a6f w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x8eb y5a6f w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x8ec y5a6f w3c h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls76 ws7f">3<span class="_ _9"></span>.1<span class="_ _339"> </span></div></td><td class="c n x8ed y5a6f w3ca h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls76 ws7f">3<span class="_ _14"> </span>.1<span class="_ _339"> </span></div></td><td class="c n x8ee y5a6f w370 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls28 ws93">0.8<span class="_ _339"> </span></div></td><td class="c n x8ef y5a6f w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td></tr><tr><td class="t m0 x2b2 h5 y5a70 ff1 fs3 fc1 sc0 ls8a ws5">Exceptional items:<span class="_ _339"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class="c n x1ee y5a71 w47c h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">2023</div></td><td class="c n x875 y5a71 w47d h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">Opus Energy<span class="_ _0"></span> impairment<span class="_ _339"> </span></div></td><td class="c n x85c y5a71 w17f h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td></td><td class="c n x8f0 y5a71 w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x8f1 y5a71 w4d3 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls76 ws7f">6<span class="_ _9"></span>9<span class="_ _9"></span>.1<span class="_ _339"> </span></div></td><td class="c n x8f2 y5a71 w15e h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls76 ws7f">6<span class="_ _9"></span>9<span class="_ _14"></span>.1<span class="_ _339"> </span></div></td><td class="c n x8f3 y5a71 w90 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls73 wsa9">(13<span class="_ _1"></span>.<span class="_ _1"></span>5<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x8f4 y5a71 w4d4 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa7 wsba">55.6<span class="_ _339"> </span></div></td><td class="c n x8f5 y5a71 w15e h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls76 ws7f">1<span class="_ _9"></span>4<span class="_ _14"> </span>.1<span class="_ _339"> </span></div></td><td class="c n x8f6 y5a71 w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a72 w47f h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls54 ws2">Ne<span class="_ _1"></span>t cre<span class="_ _1"></span>dit fr<span class="_ _1"></span>om le<span class="_ _1"></span>gal c<span class="_ _1"></span>lai<span class="_ _1"></span>m<span class="_ _339"> </span></div></td><td></td><td class="c n x8f7 y5a72 w17f h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td></td><td class="c n x8f8 y5a72 w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x8f9 y5a72 w2c9 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls73 wsa9">(13<span class="_ _1"></span>.7<span class="_ _9"></span>)</div></td><td class="c n x8fa y5a72 w2c9 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls73 wsa9">(13<span class="_ _1"></span>.7<span class="_ _9"></span>)<span class="_ _339"> </span></div></td><td class="c n x8fb y5a72 w362 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls9a wsa8">2<span class="_ _1"></span>.7<span class="_ _339"> </span></div></td><td class="c n x8fc y5a72 w4d5 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls21 wsb3">(11<span class="_ _1"></span>.<span class="_ _1"></span>0<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x8fd y5a72 w98 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls75 ws23">(2.<span class="_ _1"></span>8)<span class="_ _339"> </span></div></td><td class="c n x8fe y5a72 w98 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls75 ws23">(9.<span class="_ _1"></span>3)<span class="_ _339"> </span></div></td></tr><tr><td class="t m0 x2b2 h6 y5a73 ff2 fs3 fc1 sc0 ls54 ws2">Cha<span class="_ _1"></span>ng<span class="_ _1"></span>e in fa<span class="_ _1"></span>ir va<span class="_ _1"></span>lue of c<span class="_ _1"></span>on<span class="_ _1"></span>tin<span class="_ _1"></span>gen<span class="_ _1"></span>t </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class="c n x1ee y570a w4d6 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls8a wsac">consideration<span class="_ _339"> </span></div></td><td></td><td class="c n x8ff y570a w17f h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td></td><td class="c n x900 y570a w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x901 y570a w119 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa6 wsb9">18<span class="_ _1"></span>.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td><td class="c n x902 y570a w119 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa6 wsb9">18<span class="_ _1"></span>.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td><td class="c n x903 y570a w180 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x904 y570a w4d7 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa6 wsb9">18<span class="_ _1"></span>.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td><td class="c n x905 y570a wf4 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls82 wsa3">4.6<span class="_ _339"> </span></div></td><td class="c n x6fb y570a w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y570b w423 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls8a ws5">Impact of<span class="_ _0"></span> tax rate change<span class="_ _339"> </span></div></td><td></td><td class="c n x8e8 y570b w17f h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td></td><td class="c n x8e9 y570b w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x8ea y570b w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x8eb y570b w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x906 y570b w429 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls9a wsa8">(<span class="_ _1"></span>0.7<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x907 y570b w429 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls9a wsa8">(0<span class="_ _1"></span>.7<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x908 y570b w87 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa6 wsb9">(0<span class="_ _1"></span>.<span class="_ _1"></span>2)<span class="_ _339"> </span></div></td><td class="c n x8e7 y570b w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y570d w2d4 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 lse3 wsfc">To<span class="_ _9"></span>t<span class="_ _9"></span>a<span class="_ _9"></span>l<span class="_ _339"> </span></div></td><td></td><td class="c n x909 y570d w4d8 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls78 wsb0">(282.<span class="_ _0"></span>9)<span class="_ _339"> </span></div></td><td></td><td class="c n x90a y570d w4d9 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls28 ws93">(200.<span class="_ _1"></span>2<span class="_ _0"></span>)</div></td><td class="c n x90b y570d w4da h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls73 wsa9">(12<span class="_ _1"></span>6<span class="_ _9"></span>.<span class="_ _1"></span>6<span class="_ _1"></span>)</div></td><td class="c n x90c y570d w4db h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls74 wsc2">(131<span class="_ _1"></span>.<span class="_ _1"></span>2<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x90d y570d w167 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls9a wsa8">3<span class="_ _1"></span>9.7<span class="_ _339"> </span></div></td><td class="c n x90e y570d w4dc h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa1 wsb5">(9<span class="_ _1"></span>1.5<span class="_ _1"></span>)</div></td><td class="c n x90f y570d w79 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls75 ws23">(23<span class="_ _1"></span>.<span class="_ _1"></span>2)<span class="_ _339"> </span></div></td><td class="c n x910 y570d w41d h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls75 ws23">(9<span class="_ _1"></span>.3<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5705 w4c4 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls98 ws4">Adjusted results totals<span class="_ _339"> </span></div></td><td></td><td class="c n x911 y5705 w2e3 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls1d wsb2">7,</div></td><td class="c n x912 y5705 w4dd h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls1d wsb2">4<span class="_ _1"></span>5<span class="_ _14"> </span>0<span class="_ _9"></span>.<span class="_ _14"></span>3</div></td><td class="c n x913 y5705 w4de h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsd4 ws101">1,75<span class="_ _1"></span>3<span class="_ _1"></span>.4</div></td><td class="c n x914 y5705 w4df h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa1 wsb5">78<span class="_ _1"></span>1.6</div></td><td class="c n x915 y5705 w4e0 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls5a ws185">665<span class="_ _1"></span>.2</div></td><td class="c n x916 y5705 waf h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls73 wsa9">(19<span class="_ _1"></span>5<span class="_ _1"></span>.<span class="_ _9"></span>8)</div></td><td class="c n x917 y5705 w4e1 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa7 wsba">4<span class="_ _1"></span>69.4<span class="_ _339"> </span></div></td><td class="c n x918 y5705 w4e2 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls21 wsb3">11<span class="_ _1"></span>9<span class="_ _1"></span>.<span class="_ _1"></span>6</div></td><td class="c n x919 y5705 wa6 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls23 ws8a">826<span class="_ _1"></span>.3<span class="_ _339"> </span></div></td></tr></table></div><div class="t m0 h10 ff2 fsa fc1 sc0 ls30 ws2 gs654">(1<span class="_ _0"></span>) <span class="_ _7"> </span>T<span class="_ _1"></span>h<span class="_ _1"></span>e yea<span class="_ _1"></span>r en<span class="_ _1"></span>de<span class="_ _1"></span>d 3<span class="_ _0"></span>1 D<span class="_ _1"></span>ec<span class="_ _1"></span>em<span class="_ _1"></span>be<span class="_ _1"></span>r 2023 a<span class="_ _1"></span>mo<span class="_ _1"></span>un<span class="_ _1"></span>ts a<span class="_ _1"></span>bo<span class="_ _1"></span>ve ha<span class="_ _1"></span>ve b<span class="_ _1"></span>ee<span class="_ _1"></span>n res<span class="_ _1"></span>ta<span class="_ _1"></span>te<span class="_ _1"></span>d to re<span class="_ _1"></span>fle<span class="_ _1"></span>ct t<span class="_ _1"></span>he G<span class="_ _1"></span>ro<span class="_ _1"></span>up’s r<span class="_ _1"></span>ev<span class="_ _1"></span>ise<span class="_ _1"></span>d ap<span class="_ _1"></span>pl<span class="_ _1"></span>ic<span class="_ _1"></span>at<span class="_ _1"></span>ion o<span class="_ _1"></span>f th<span class="_ _1"></span>e ag<span class="_ _1"></span>ent r<span class="_ _1"></span>eq<span class="_ _1"></span>ui<span class="_ _1"></span>rem<span class="_ _1"></span>en<span class="_ _1"></span>ts o<span class="_ _1"></span>f IFR<span class="_ _1"></span>S 15 to sl<span class="_ _1"></span>eev<span class="_ _1"></span>ed<span class="_ _1"></span> </div><div class="t m0 h10 ff2 fsa fc1 sc0 ls30 ws2 gs655">el<span class="_ _1"></span>ec<span class="_ _1"></span>tr<span class="_ _1"></span>ic<span class="_ _1"></span>it<span class="_ _1"></span>y tr<span class="_ _1"></span>a<span class="_ _1"></span>des<span class="_ _1"></span>. S<span class="_ _1"></span>ee f<span class="_ _1"></span>ur<span class="_ _1"></span>th<span class="_ _1"></span>er d<span class="_ _1"></span>et<span class="_ _1"></span>ai<span class="_ _1"></span>ls of t<span class="_ _1"></span>his r<span class="_ _1"></span>es<span class="_ _1"></span>ta<span class="_ _1"></span>te<span class="_ _1"></span>men<span class="_ _1"></span>t in t<span class="_ _1"></span>he N<span class="_ _1"></span>et p<span class="_ _1"></span>res<span class="_ _1"></span>en<span class="_ _1"></span>ta<span class="_ _1"></span>ti<span class="_ _1"></span>on o<span class="_ _1"></span>f sle<span class="_ _1"></span>ev<span class="_ _1"></span>ed el<span class="_ _1"></span>ec<span class="_ _1"></span>tr<span class="_ _1"></span>ic<span class="_ _1"></span>it<span class="_ _1"></span>y t<span class="_ _1"></span>ra<span class="_ _1"></span>de<span class="_ _1"></span>s se<span class="_ _1"></span>ct<span class="_ _1"></span>ion o<span class="_ _1"></span>n pa<span class="_ _1"></span>ge 26<span class="_ _1"></span>6.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs657">Adj<span class="_ _1"></span>uste<span class="_ _1"></span>d EBI<span class="_ _1"></span>TDA i<span class="_ _1"></span>s a key me<span class="_ _1"></span>asu<span class="_ _1"></span>re of fin<span class="_ _1"></span>anc<span class="_ _1"></span>ial p<span class="_ _1"></span>er<span class="_ _1"></span>fo<span class="_ _1"></span>rma<span class="_ _1"></span>nc<span class="_ _1"></span>e for t<span class="_ _1"></span>he Gr<span class="_ _1"></span>oup. A r<span class="_ _1"></span>eco<span class="_ _1"></span>nc<span class="_ _1"></span>ilia<span class="_ _1"></span>tio<span class="_ _1"></span>n fro<span class="_ _1"></span>m Adju<span class="_ _1"></span>ste<span class="_ _1"></span>d ope<span class="_ _1"></span>ra<span class="_ _1"></span>tin<span class="_ _1"></span>g pro<span class="_ _1"></span>fit fro<span class="_ _1"></span>m th<span class="_ _1"></span>e </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs658">Consolidated income<span class="_ _0"></span> st<span class="_ _1"></span>atement<span class="_ _0"></span> is shown belo<span class="_ _0"></span>w:<span class="_ _339"> </span></div><div class="gs652"><table class="s w4e3 h1e3" id="_8cadc611-eb50-4d5d-b385-06b9316cc1da"><tr><td></td><td class="t m0 x5cc h7f y5a74 ff1 fs6d fc1 sc0 lsc3 ws2">Year e<span class="_ _1"></span>nd<span class="_ _1"></span>ed 31<span class="_ gs443"> </span>De<span class="_ _1"></span>ce<span class="_ _1"></span>mb<span class="_ _1"></span>er 20<span class="_ _1"></span>24<span class="_ _339"> </span></td><td></td><td></td></tr><tr><td></td><td class="t m0 x91a h7f y5a75 ff1 fs6d fc1 sc0 ls13c wsf3" colspan="2">Attributable to<span class="_ _339"> </span></td><td></td></tr><tr><td></td><td class="t m0 x6b9 h7f y5a76 ff1 fs6d fc1 sc0 ls13f ws2">Ow<span class="_ _1"></span>ne<span class="_ _1"></span>rs o<span class="_ _1"></span>f th<span class="_ _1"></span>e </td><td class="t m0 x91a h7f y5a77 ff1 fs6d fc1 sc0 ls13e ws157">Non-controlling<span class="_ _1"></span> </td><td></td></tr><tr><td></td><td class="t m0 x91b h7f y5a78 ff1 fs6d fc1 sc0 ls15d wsa5">parent company<span class="_ _339"> </span></td><td class="t m0 x761 h7f y5a79 ff1 fs6d fc1 sc0 ls13d ws156">interests<span class="_ _339"> </span></td><td class="t m0 x1ea h7f y5a79 ff1 fs6d fc1 sc0 ls22c ws29f">To<span class="_ _1"></span>t<span class="_ _1"></span>a<span class="_ _9"></span>l<span class="_ _339"> </span></td></tr><tr><td></td><td class="t m0 x5cc h7f y5a7a ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x1eb h7f y5a7b ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x1ec h7f y5a7b ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td></tr><tr><td class="c n x1ee y5755 w4e4 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls98 ws4">Adjusted operating profit/(loss<span class="_ _0"></span>)<span class="_ _339"> </span></div></td><td class="c n x91c y5755 w4c7 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls99 wsa7">8<span class="_ _1"></span>01.<span class="_ _1"></span>3<span class="_ _339"> </span></div></td><td class="c n x91d y5755 wc8 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls227 ws293">(<span class="_ _1"></span>1<span class="_ _1"></span>.1<span class="_ _9"></span>)<span class="_ _339"> </span></div></td><td class="c n x91e y5755 w8c h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 lsd wsc3">8<span class="_ _1"></span>00.2<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5940 w4e5 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls8a ws5">Depreciation and<span class="_ _0"></span> amortisat<span class="_ _1"></span>ion<span class="_ _339"> </span></div></td><td class="c n x91f y5940 w214 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls77 ws184">24<span class="_ _1"></span>0<span class="_ _1"></span>.4<span class="_ _339"> </span></div></td><td class="c n x756 y5940 w40e h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls99 wsa7">1.4<span class="_ _339"> </span></div></td><td class="c n x920 y5940 w4e6 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls138 ws56">2<span class="_ _1"></span>41.<span class="_ _1"></span>8<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5941 w4e7 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls98 ws4">Other losses<span class="_ _339"> </span></div></td><td class="c n x921 y5941 w1fb h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 lsc ws12">8.5<span class="_ _339"> </span></div></td><td class="c n x922 y5941 w56 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x923 y5941 w4e8 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 lsc ws12">8.<span class="_ _1"></span>5<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a35 w88 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls8a ws5">Share<span class="_ _0"></span> of losses fr<span class="_ _0"></span>om associates<span class="_ _339"> </span></div></td><td class="c n x924 y5a35 w3c9 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls7 wsf">2.2<span class="_ _339"> </span></div></td><td class="c n x61a y5a35 w56 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x925 y5a35 w3c9 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls7 wsf">2.2<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y57c7 w7a h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls98 ws4">Impairment of<span class="_ _0"></span> non-current assets<span class="_ _339"> </span></div></td><td class="c n x926 y57c7 w48b h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls93 wsa1">11<span class="_ _1"></span>.<span class="_ _1"></span>8<span class="_ _339"> </span></div></td><td class="c n x922 y57c7 w56 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x927 y57c7 w48b h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls93 wsa1">11<span class="_ _1"></span>.<span class="_ _1"></span>8<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5705 w4e9 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls98 ws4">Adjusted E<span class="_ _0"></span>BI<span class="_ _1"></span>TDA<span class="_ _339"> </span></div></td><td class="c n x928 y5705 w38 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls99 wsa7">1,0<span class="_ _1"></span>6<span class="_ _9"></span>4<span class="_ _1"></span>.2<span class="_ _339"> </span></div></td><td class="c n x929 y5705 w2cf h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls71 wsea">0.3<span class="_ _339"> </span></div></td><td class="c n x92a y5705 w4ea h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls99 wsa7">1,<span class="_ _1"></span>06<span class="_ _9"></span>4<span class="_ _1"></span>.5<span class="_ _339"> </span></div></td></tr></table></div><div class="gs659"><table class="s w4eb h1e4" id="_7a0b9f25-c8c2-4e20-b0b6-4ee2f255b363"><tr><td></td><td class="t m0 x5cc h7d y5a7c ff2 fs6d fc1 sc0 lsc3 ws2">Y<span class="_ _0"></span>e<span class="_ _1"></span>ar e<span class="_ _1"></span>nd<span class="_ _1"></span>ed 31<span class="_ gs447"> </span>De<span class="_ _1"></span>ce<span class="_ _1"></span>mb<span class="_ _1"></span>er 20<span class="_ _1"></span>23<span class="_ _339"> </span></td><td></td><td></td></tr><tr><td></td><td class="t m0 x91a h7d y5a7d ff2 fs6d fc1 sc0 ls126 ws118" colspan="2">Attribut<span class="_ _1"></span>able<span class="_ _0"></span> to<span class="_ _339"> </span></td><td></td></tr><tr><td></td><td class="t m0 x6b9 h7d y5a7e ff2 fs6d fc1 sc0 ls1eb wsf3">Owners of<span class="_ _0"></span> the </td><td class="t m0 x490 h7d y5a7f ff2 fs6d fc1 sc0 ls15d ws17f">Non-controlling </td><td></td></tr><tr><td></td><td class="t m0 x91b h7d y5a80 ff2 fs6d fc1 sc0 ls15d wsa5">parent company<span class="_ _339"> </span></td><td class="t m0 x6c0 h7d y5a81 ff2 fs6d fc1 sc0 ls13e ws157">interests<span class="_ _339"> </span></td><td class="t m0 x1ea h7d y5a81 ff2 fs6d fc1 sc0 ls223 ws28e">To<span class="_ _1"></span>t<span class="_ _1"></span>a<span class="_ _9"></span>l<span class="_ _339"> </span></td></tr><tr><td></td><td class="t m0 x5cc h7d y5a82 ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x1eb h7d y5a83 ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x1ec h7d y5a83 ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td></tr><tr><td class="c n x1ee y5755 w4e4 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls98 ws4">Adjusted operating profit/(loss<span class="_ _0"></span>)<span class="_ _339"> </span></div></td><td class="c n x91c y5755 w4ce h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls79 wsaa">7<span class="_ _1"></span>82.9<span class="_ _339"> </span></div></td><td class="c n x92b y5755 w3fa h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls73 wsa9">(1<span class="_ _1"></span>.<span class="_ _1"></span>3<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x92c y5755 w8f h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsa1 wsb5">7<span class="_ _1"></span>81.<span class="_ _1"></span>6<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5756 w4e5 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls8a ws5">Depreciation and<span class="_ _0"></span> amortisat<span class="_ _1"></span>ion<span class="_ _339"> </span></div></td><td class="c n x92d y5756 w2c4 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls9a wsa8">22<span class="_ _1"></span>3<span class="_ _1"></span>.7<span class="_ _339"> </span></div></td><td class="c n x92e y5756 w4ec h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsa1 wsb5">1.<span class="_ _1"></span>3<span class="_ _339"> </span></div></td><td class="c n x92f y5756 w299 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls28 ws93">225.0<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5783 w4ed h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls9 ws8">Other gains<span class="_ _339"> </span></div></td><td class="c n x930 y5783 w4ee h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls9a wsa8">(0.7<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x931 y5783 w59 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x932 y5783 w429 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls9a wsa8">(<span class="_ _1"></span>0.7<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5703 w88 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls8a ws5">Share<span class="_ _0"></span> of losses fr<span class="_ _0"></span>om associates<span class="_ _339"> </span></div></td><td class="c n x933 y5703 w4ef h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsa1 wsb5">1.6<span class="_ _339"> </span></div></td><td class="c n x934 y5703 w59 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x935 y5703 w3f h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsa1 wsb5">1.<span class="_ _1"></span>6<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5704 w7a h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls98 ws4">Impairment of<span class="_ _0"></span> non-current assets<span class="_ _339"> </span></div></td><td class="c n x936 y5704 w137 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls9a wsa8">1.7<span class="_ _339"> </span></div></td><td class="c n x937 y5704 w59 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x938 y5704 w137 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls9a wsa8">1.7<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5705 w4e9 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls98 ws4">Adjusted E<span class="_ _0"></span>BI<span class="_ _1"></span>TDA<span class="_ _339"> </span></div></td><td class="c n x939 y5705 w34 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls1f ws79">1,<span class="_ _1"></span>0<span class="_ _1"></span>0<span class="_ _1"></span>9.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td><td class="c n x44f y5705 w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x93a y5705 w4f0 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls1f ws79">1,0<span class="_ _9"></span>0<span class="_ _1"></span>9.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td></tr></table></div><div class="gs65a"><table class="s w4f1 h1e5" id="_e1a07a2e-4c2d-469a-b70b-6714cc06788a"><tr><td></td><td></td><td class="t m0 x2bd h7d y5a84 ff2 fs6d fc1 sc0 ls1a0 ws1c8">Y<span class="_ _0"></span>ear ended<span class="_ _0"></span> 3<span class="_ _0"></span>1<span class="_ gs447"> </span><span class="_ _0"></span>December<span class="_ _339"> </span></td></tr><tr><td></td><td></td><td class="c x20a y5a85 w44 h1c4"><div class="t m0 x1ed h7d y5739 ff2 fs6d fc1 sc0 ls15d ws17f">Restated</div><div class="t m0 x209 h106 y580c ff2 fs81 fc1 sc0 ls224 ws28f">(1)<span class="_ _339"> </span></div></td></tr><tr><td></td><td class="t m0 x1e9 h7f y5a86 ff1 fs6d fc1 sc0 lsc5 ws3e">20<span class="_ _1"></span>24<span class="_ _339"> </span></td><td class="t m0 x1ea h7d y5a87 ff2 fs6d fc1 sc0 lsb3 wsc7">2023<span class="_ _339"> </span></td></tr><tr><td></td><td class="t m0 x1eb h7f y5a88 ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x1ec h7d y5a89 ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td></tr><tr><td class="t m0 x2b2 h5 y5a8a ff1 fs3 fc1 sc0 ls98 ws4">Segment Adjusted E<span class="_ _0"></span>BI<span class="_ _1"></span>TDA:<span class="_ _339"> </span></td><td></td><td></td></tr><tr><td class="c n x1ee y5782 w2c2 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsf ws9">Pellet Production<span class="_ _339"> </span></div></td><td class="c n x93b y5782 w4f2 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls9b wsab">143.<span class="_ _1"></span>0<span class="_ _339"> </span></div></td><td class="c n x93c y5782 wef h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls79 wsaa">8<span class="_ _1"></span>8.9<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5755 w2c5 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">Biomass Generation<span class="_ _339"> </span></div></td><td class="c n x93d y5755 w4f3 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls137 ws14e">8<span class="_ _1"></span>13.<span class="_ _9"></span>5<span class="_ _339"> </span></div></td><td class="c n x93e y5755 w2cc h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls77 ws184">7<span class="_ _1"></span>03.3<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y59ac w2ca h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">Flexible Generation<span class="_ _339"> </span></div></td><td class="c n x93f y59ac wd2 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 lsa5 wsb8">1<span class="_ _1"></span>3<span class="_ _9"></span>7.<span class="_ _14"></span>6<span class="_ _339"> </span></div></td><td class="c n x940 y59ac w60 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls28 ws93">230.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5783 w2cd h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">Energy Solutions<span class="_ _339"> </span></div></td><td class="c n x941 y5783 w4f4 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls89 ws91">51<span class="_ _1"></span>.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td><td class="c n x60a y5783 wc5 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa1 wsb5">71.<span class="_ _1"></span>8<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5703 w2d1 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls8a ws5">Innovation,<span class="_ _0"></span> c<span class="_ _1"></span>apital pro<span class="_ _0"></span>ject<span class="_ _1"></span>s and<span class="_ _0"></span> other<span class="_ _339"> </span></div></td><td class="c n x942 y5703 w4f5 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls227 ws293">(<span class="_ _14"></span>7<span class="_ _9"></span>8<span class="_ _14"> </span>.1<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x943 y5703 w4f6 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls76 ws7f">(<span class="_ _14"> </span>7<span class="_ _14"></span>8<span class="_ _14"></span>.1<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5704 w4f7 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls9 ws8">Intra-<span class="_ _1"></span>group eliminations<span class="_ _339"> </span></div></td><td class="c n x944 y5704 w9b h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls9d wsad">(<span class="_ _1"></span>3.<span class="_ _1"></span>0)<span class="_ _339"> </span></div></td><td class="c n x945 y5704 w145 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsd4 ws101">(6<span class="_ _1"></span>.<span class="_ _1"></span>9)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5705 w4f8 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls98 ws4">T<span class="_ _2"></span>ot<span class="_ _1"></span>al Adjusted<span class="_ _0"></span> EBITDA<span class="_ _339"> </span></div></td><td class="c n x946 y5705 w4f9 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls99 wsa7">1,<span class="_ _1"></span>0<span class="_ _1"></span>6<span class="_ _1"></span>4<span class="_ _1"></span>.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td><td class="c n x32f y5705 w38c h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls1f ws79">1,<span class="_ _1"></span>0<span class="_ _1"></span>0<span class="_ _1"></span>9<span class="_ _1"></span>.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td></tr></table></div><div class="t m0 h10 ff2 fsa fc1 sc0 ls30 ws2 gs65b">(1<span class="_ _0"></span>) <span class="_ _7"> </span>C<span class="_ _1"></span>om<span class="_ _1"></span>pa<span class="_ _1"></span>r<span class="_ _1"></span>at<span class="_ _1"></span>ive a<span class="_ _1"></span>mo<span class="_ _1"></span>unt<span class="_ _1"></span>s h<span class="_ _1"></span>ave b<span class="_ _1"></span>ee<span class="_ _1"></span>n re<span class="_ _1"></span>st<span class="_ _1"></span>ate<span class="_ _1"></span>d to r<span class="_ _1"></span>efl<span class="_ _1"></span>ec<span class="_ _1"></span>t th<span class="_ _1"></span>e cha<span class="_ _1"></span>ng<span class="_ _1"></span>e in re<span class="_ _1"></span>po<span class="_ _1"></span>rt<span class="_ _1"></span>a<span class="_ _1"></span>ble s<span class="_ _1"></span>eg<span class="_ _1"></span>me<span class="_ _1"></span>nt<span class="_ _1"></span>s<span class="_ _1"></span>. Se<span class="_ _1"></span>e no<span class="_ _1"></span>te 2.<span class="_ _0"></span>1 for f<span class="_ _1"></span>u<span class="_ _1"></span>rt<span class="_ _1"></span>he<span class="_ _1"></span>r det<span class="_ _1"></span>a<span class="_ _1"></span>ils o<span class="_ _1"></span>f th<span class="_ _1"></span>e cha<span class="_ _1"></span>ng<span class="_ _1"></span>e in re<span class="_ _1"></span>po<span class="_ _1"></span>rt<span class="_ _1"></span>a<span class="_ _1"></span>ble s<span class="_ _1"></span>eg<span class="_ _1"></span>me<span class="_ _1"></span>nt<span class="_ _1"></span>s<span class="_ _1"></span>.<span class="_ _339"> </span></div><div class="t m0 h5 ff1 fs3 fc0 sc0 ls9 ws5 gs65c">Net debt<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs65d">Ne<span class="_ _1"></span>t deb<span class="_ _1"></span>t is ca<span class="_ _1"></span>lcu<span class="_ _1"></span>lat<span class="_ _1"></span>ed by t<span class="_ _1"></span>ak<span class="_ _1"></span>ing t<span class="_ _1"></span>he G<span class="_ _1"></span>roup’s b<span class="_ _1"></span>or<span class="_ _1"></span>rowi<span class="_ _1"></span>ngs (not<span class="_ _1"></span>e 4.2), adj<span class="_ _1"></span>ust<span class="_ _1"></span>ing fo<span class="_ _1"></span>r the i<span class="_ _1"></span>mp<span class="_ _1"></span>act o<span class="_ _1"></span>f ass<span class="_ _1"></span>oci<span class="_ _1"></span>ate<span class="_ _1"></span>d he<span class="_ _1"></span>dgin<span class="_ _1"></span>g ins<span class="_ _1"></span>tr<span class="_ _1"></span>ume<span class="_ _1"></span>nt<span class="_ _1"></span>s, a<span class="_ _1"></span>ddi<span class="_ _1"></span>ng<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs65e">le<span class="_ _1"></span>ase l<span class="_ _1"></span>iabi<span class="_ _1"></span>lit<span class="_ _1"></span>ies (not<span class="_ _1"></span>e 3.2), and s<span class="_ _1"></span>ubt<span class="_ _1"></span>ra<span class="_ _1"></span>ct<span class="_ _1"></span>ing c<span class="_ _1"></span>ash a<span class="_ _1"></span>nd c<span class="_ _1"></span>ash e<span class="_ _1"></span>qu<span class="_ _1"></span>iva<span class="_ _1"></span>len<span class="_ _1"></span>t<span class="_ _1"></span>s (<span class="_ _0"></span>no<span class="_ _1"></span>te 4.<span class="_ _2"></span>1). Net de<span class="_ _1"></span>bt e<span class="_ _1"></span>xclu<span class="_ _1"></span>des t<span class="_ _1"></span>he sh<span class="_ _1"></span>are of b<span class="_ _1"></span>or<span class="_ _1"></span>rowi<span class="_ _1"></span>ngs<span class="_ _1"></span>, lea<span class="_ _1"></span>se<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls9 ws5 gs65f">liabili<span class="_ _0"></span>ties, and cash and<span class="_ _0"></span> c<span class="_ _1"></span>ash<span class="_ _0"></span> equivalent<span class="_ _1"></span>s attributable to<span class="_ _0"></span> non-controlling<span class="_ _0"></span> interests.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs660">Pr<span class="_ _1"></span>ior t<span class="_ _1"></span>o 202<span class="_ _0"></span>4, t<span class="_ _1"></span>he G<span class="_ _1"></span>rou<span class="_ _1"></span>p’s defi<span class="_ _1"></span>nit<span class="_ _1"></span>ion of N<span class="_ _1"></span>et de<span class="_ _1"></span>bt di<span class="_ _1"></span>d not i<span class="_ _1"></span>ncl<span class="_ _1"></span>ude l<span class="_ _1"></span>eas<span class="_ _1"></span>e lia<span class="_ _1"></span>bili<span class="_ _1"></span>tie<span class="_ _1"></span>s. S<span class="_ _1"></span>ee p<span class="_ _1"></span>ag<span class="_ _1"></span>e 1<span class="_ _0"></span>65 for f<span class="_ _1"></span>ur<span class="_ _1"></span>th<span class="_ _1"></span>er de<span class="_ _1"></span>ta<span class="_ _1"></span>ils of t<span class="_ _1"></span>his c<span class="_ _1"></span>han<span class="_ _1"></span>ge.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs661">Borrowings<span class="_ _0"></span> includes external financial<span class="_ _0"></span> debt<span class="_ _1"></span>, such<span class="_ _0"></span> as loan notes, t<span class="_ _0"></span>er<span class="_ _1"></span>m<span class="_ _0"></span> loans and amounts drawn in cash<span class="_ _0"></span> under revolving<span class="_ _0"></span> credit facilities </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs662">(RCF<span class="_ _1"></span>s<span class="_ _0"></span>) (see n<span class="_ _1"></span>ote 4<span class="_ _1"></span>.2). Bor<span class="_ _1"></span>row<span class="_ _1"></span>ings d<span class="_ _1"></span>oe<span class="_ _1"></span>s not i<span class="_ _1"></span>ncl<span class="_ _1"></span>ude o<span class="_ _1"></span>the<span class="_ _1"></span>r fin<span class="_ _1"></span>anc<span class="_ _1"></span>ial li<span class="_ _1"></span>abi<span class="_ _1"></span>lit<span class="_ _1"></span>ies su<span class="_ _1"></span>ch a<span class="_ _1"></span>s pen<span class="_ _1"></span>sion o<span class="_ _1"></span>bli<span class="_ _1"></span>gat<span class="_ _1"></span>io<span class="_ _1"></span>ns (see no<span class="_ _1"></span>te 6.3), t<span class="_ _1"></span>ra<span class="_ _1"></span>de an<span class="_ _1"></span>d ot<span class="_ _1"></span>her<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs663">pa<span class="_ _1"></span>yab<span class="_ _1"></span>les (se<span class="_ _1"></span>e not<span class="_ _1"></span>e 3.<span class="_ _0"></span>7), l<span class="_ _1"></span>eas<span class="_ _1"></span>e lia<span class="_ _1"></span>bili<span class="_ _1"></span>ti<span class="_ _1"></span>es c<span class="_ _1"></span>alc<span class="_ _1"></span>ula<span class="_ _1"></span>ted i<span class="_ _1"></span>n acc<span class="_ _1"></span>ord<span class="_ _1"></span>anc<span class="_ _1"></span>e wit<span class="_ _1"></span>h IFR<span class="_ _1"></span>S 1<span class="_ _0"></span>6 (se<span class="_ _1"></span>e not<span class="_ _1"></span>e 3.2), and wo<span class="_ _1"></span>rk<span class="_ _1"></span>ing c<span class="_ _1"></span>ap<span class="_ _1"></span>it<span class="_ _1"></span>al fa<span class="_ _1"></span>cil<span class="_ _1"></span>iti<span class="_ _1"></span>es (such a<span class="_ _1"></span>s<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs664">cre<span class="_ _1"></span>dit c<span class="_ _1"></span>ar<span class="_ _1"></span>ds an<span class="_ _1"></span>d defe<span class="_ _1"></span>rre<span class="_ _1"></span>d let<span class="_ _1"></span>ter<span class="_ _1"></span>s of c<span class="_ _1"></span>redi<span class="_ _1"></span>t) linke<span class="_ _1"></span>d dir<span class="_ _1"></span>ect<span class="_ _1"></span>ly t<span class="_ _1"></span>o spe<span class="_ _1"></span>cifi<span class="_ _1"></span>c pay<span class="_ _1"></span>ab<span class="_ _1"></span>les t<span class="_ _1"></span>ha<span class="_ _1"></span>t prov<span class="_ _1"></span>ide s<span class="_ _1"></span>hor<span class="_ _1"></span>t ex<span class="_ _1"></span>tens<span class="_ _1"></span>ion of p<span class="_ _1"></span>aym<span class="_ _1"></span>en<span class="_ _1"></span>t ter<span class="_ _1"></span>ms of le<span class="_ _1"></span>ss<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs665">th<span class="_ _1"></span>an 1<span class="_ _0"></span>2 m<span class="_ _1"></span>ont<span class="_ _1"></span>hs (see n<span class="_ _1"></span>ote 4<span class="_ _1"></span>.3). Th<span class="_ _1"></span>e Gro<span class="_ _1"></span>up do<span class="_ _1"></span>es no<span class="_ _1"></span>t inc<span class="_ _1"></span>lud<span class="_ _1"></span>e ba<span class="_ _1"></span>lan<span class="_ _1"></span>ces r<span class="_ _1"></span>ela<span class="_ _1"></span>ted t<span class="_ _1"></span>o sup<span class="_ _1"></span>ply c<span class="_ _1"></span>hai<span class="_ _1"></span>n fina<span class="_ _1"></span>nci<span class="_ _1"></span>ng in Ne<span class="_ _1"></span>t deb<span class="_ _1"></span>t as t<span class="_ _1"></span>her<span class="_ _1"></span>e are<span class="_ gs7"> </span>n<span class="_ _1"></span>o </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs666">changes to<span class="_ _0"></span> the Group’s<span class="_ _0"></span> payment terms under<span class="_ _0"></span> t<span class="_ _1"></span>his<span class="_ _0"></span> arrangement<span class="_ _1"></span>, nor<span class="_ _0"></span> would there be<span class="_ _0"></span> if the arrangement was to<span class="_ _0"></span> cease (<span class="_ _0"></span>see note 3<span class="_ _0"></span>.<span class="_ _0"></span>7).<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs667">Ne<span class="_ _1"></span>t deb<span class="_ _1"></span>t inc<span class="_ _1"></span>lud<span class="_ _1"></span>es th<span class="_ _1"></span>e imp<span class="_ _1"></span>ac<span class="_ _1"></span>t of any c<span class="_ _1"></span>as<span class="_ _1"></span>h col<span class="_ _1"></span>late<span class="_ _1"></span>ra<span class="_ _1"></span>l rec<span class="_ _1"></span>eip<span class="_ _1"></span>t<span class="_ _1"></span>s from c<span class="_ _1"></span>ou<span class="_ _1"></span>nter<span class="_ _1"></span>pa<span class="_ _1"></span>rt<span class="_ _1"></span>ie<span class="_ _1"></span>s or c<span class="_ _1"></span>ash c<span class="_ _1"></span>olla<span class="_ _1"></span>ter<span class="_ _1"></span>al p<span class="_ _1"></span>ost<span class="_ _1"></span>ed to c<span class="_ _1"></span>oun<span class="_ _1"></span>ter<span class="_ _1"></span>pa<span class="_ _1"></span>rt<span class="_ _1"></span>ies<span class="_ _1"></span>.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs668">T<span class="_ _1"></span>he Gr<span class="_ _1"></span>oup h<span class="_ _1"></span>as en<span class="_ _1"></span>tere<span class="_ _1"></span>d int<span class="_ _1"></span>o cro<span class="_ _1"></span>ss-c<span class="_ _1"></span>urr<span class="_ _1"></span>enc<span class="_ _1"></span>y int<span class="_ _1"></span>eres<span class="_ _1"></span>t ra<span class="_ _1"></span>te sw<span class="_ _1"></span>ap<span class="_ _1"></span>s, fix<span class="_ _1"></span>ing t<span class="_ _1"></span>he ste<span class="_ _1"></span>rl<span class="_ _1"></span>ing v<span class="_ _1"></span>alu<span class="_ _1"></span>e of th<span class="_ _1"></span>e pri<span class="_ _1"></span>nci<span class="_ _1"></span>pal r<span class="_ _1"></span>ep<span class="_ _1"></span>ayme<span class="_ _1"></span>nt<span class="_ _1"></span>s an<span class="_ _1"></span>d int<span class="_ _1"></span>ere<span class="_ _1"></span>st in<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs669">res<span class="_ _1"></span>pe<span class="_ _1"></span>ct of t<span class="_ _1"></span>he Gr<span class="_ _1"></span>oup’s e<span class="_ _1"></span>uro (EUR) d<span class="_ _1"></span>eno<span class="_ _1"></span>min<span class="_ _1"></span>ate<span class="_ _1"></span>d deb<span class="_ _1"></span>t. T<span class="_ _1"></span>he G<span class="_ _1"></span>rou<span class="_ _1"></span>p has a<span class="_ _1"></span>lso en<span class="_ _1"></span>ter<span class="_ _1"></span>ed fixe<span class="_ _1"></span>d ra<span class="_ _1"></span>te for<span class="_ _1"></span>eig<span class="_ _1"></span>n exch<span class="_ _1"></span>ang<span class="_ _1"></span>e for<span class="_ _1"></span>w<span class="_ _1"></span>ards t<span class="_ _1"></span>o fix t<span class="_ _1"></span>he<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs66a">sterling value<span class="_ _0"></span> of the principal<span class="_ _0"></span> repayment of the<span class="_ _0"></span> C<span class="_ _1"></span>anadian dol<span class="_ _0"></span>lar (<span class="_ _0"></span>CAD)<span class="_ _0"></span> denominated debt and<span class="_ _0"></span> cer<span class="_ _1"></span>tain EU<span class="_ _0"></span>R denominated debt (<span class="_ _0"></span>see not<span class="_ _0"></span>e<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs66b">4.<span class="_ _1"></span>2<span class="_ _0"></span>). F<span class="_ _1"></span>or t<span class="_ _1"></span>he pu<span class="_ _1"></span>rp<span class="_ _1"></span>ose of c<span class="_ _1"></span>al<span class="_ _1"></span>cul<span class="_ _1"></span>at<span class="_ _1"></span>ing Ne<span class="_ _1"></span>t de<span class="_ _1"></span>bt<span class="_ _1"></span>, USD, EUR an<span class="_ _1"></span>d CA<span class="_ _1"></span>D ba<span class="_ _1"></span>lan<span class="_ _1"></span>ces a<span class="_ _1"></span>re t<span class="_ _1"></span>ra<span class="_ _1"></span>nsla<span class="_ _1"></span>ted a<span class="_ _1"></span>t th<span class="_ _1"></span>e hed<span class="_ _1"></span>ge<span class="_ _1"></span>d rat<span class="_ _1"></span>e, ra<span class="_ _1"></span>th<span class="_ _1"></span>er th<span class="_ _1"></span>an t<span class="_ _1"></span>he r<span class="_ _1"></span>ate<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs66c">pre<span class="_ _1"></span>vai<span class="_ _1"></span>ling a<span class="_ _1"></span>t th<span class="_ _1"></span>e rep<span class="_ _1"></span>or<span class="_ _1"></span>tin<span class="_ _1"></span>g dat<span class="_ _1"></span>e, whi<span class="_ _1"></span>ch im<span class="_ _1"></span>pa<span class="_ _1"></span>ct<span class="_ _1"></span>s th<span class="_ _1"></span>e ca<span class="_ _1"></span>rr<span class="_ _1"></span>y<span class="_ _1"></span>ing am<span class="_ _1"></span>ou<span class="_ _1"></span>nt of th<span class="_ _1"></span>e Gro<span class="_ _1"></span>up’s b<span class="_ _1"></span>orro<span class="_ _1"></span>win<span class="_ _1"></span>gs. S<span class="_ _1"></span>ee t<span class="_ _1"></span>he A<span class="_ _1"></span>PMs gl<span class="_ _1"></span>os<span class="_ _1"></span>sa<span class="_ _1"></span>r<span class="_ _1"></span>y and t<span class="_ _1"></span>he A<span class="_ _1"></span>PMs<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs66d">se<span class="_ _1"></span>ct<span class="_ _1"></span>ion w<span class="_ _1"></span>ith<span class="_ _1"></span>in th<span class="_ _1"></span>e Ba<span class="_ _1"></span>sis of p<span class="_ _1"></span>rep<span class="_ _1"></span>ar<span class="_ _1"></span>ati<span class="_ _1"></span>on fo<span class="_ _1"></span>r fur<span class="_ _1"></span>t<span class="_ _1"></span>her d<span class="_ _1"></span>et<span class="_ _1"></span>ails o<span class="_ _1"></span>n th<span class="_ _1"></span>e ca<span class="_ _1"></span>lcu<span class="_ _1"></span>lat<span class="_ _1"></span>ion o<span class="_ _1"></span>f Net d<span class="_ _1"></span>ebt<span class="_ _1"></span>.<span class="_ _339"> </span></div><div class="gs47c"><table class="s w4fa h1e6" id="_2f0812ca-3143-492e-8d4c-09d0d49da44f"><tr><td></td><td class="t m0 x1e8 h7d y5a8b ff2 fs6d fc1 sc0 ls1a0 ws1c8">As at<span class="_ _0"></span> 31<span class="_ _0"></span> December<span class="_ _339"> </span></td><td></td><td></td></tr><tr><td></td><td class="t m0 x1e9 h7f y5a8c ff1 fs6d fc1 sc0 lsc5 ws3e">20<span class="_ _1"></span>24<span class="_ _339"> </span></td><td class="c x948 y5a8d w4fb h1d1"><div class="t m0 x1ed h7d y5707 ff2 fs6d fc1 sc0 lsb3 wsc7">2023</div><div class="t m0 x947 h106 y5845 ff2 fs81 fc1 sc0 ls224 ws28f">(1)<span class="_ _339"> </span></div></td><td></td></tr><tr><td></td><td class="t m0 x1eb h7f y5a8e ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x1ec h7d y5a8f ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td></td></tr><tr><td class="c n x1ee y5a90 w4fc h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls98 ws4">Borrowings<span class="_ _0"></span> (note<span class="_ _0"></span> 4.2<span class="_ _0"></span>)<span class="_ _339"> </span></div></td><td class="c n x949 y5a90 w4fd h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 lse0 wsfe">(1,<span class="_ _2"></span>176<span class="_ _1"></span>.7<span class="_ _1"></span>)</div></td><td class="c n x94a y5a90 w4fe h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls79 wsaa">(<span class="_ _0"></span>1,42<span class="_ _1"></span>5.3)<span class="_ _339"> </span></div></td><td></td></tr><tr><td class="c n x1ee y5a91 w4ff h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls7 wsc">Lease liabilit<span class="_ _1"></span>ies (<span class="_ _0"></span>note 3.2<span class="_ _0"></span>)<span class="_ _339"> </span></div></td><td class="c n x94b y5a91 w500 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls93 wsa1">(116<span class="_ _9"></span>.<span class="_ _9"></span>5<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x94c y5a91 w73 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls73 wsa9">(<span class="_ _1"></span>135<span class="_ _1"></span>.<span class="_ _1"></span>8<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td></td></tr><tr><td class="c n x1ee y5a92 w130 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsf ws9">Cash and cash equivalent<span class="_ _1"></span>s<span class="_ _339"> </span></div></td><td class="c n x94d y5a92 w12c h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 lsb5 wsc8">35<span class="_ _1"></span>6.<span class="_ _1"></span>0<span class="_ _339"> </span></div></td><td class="c n x94e y5a92 w4e1 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsa7 wsba">3<span class="_ _1"></span>79.5<span class="_ _339"> </span></div></td><td></td></tr><tr><td class="c n x1ee y5a93 w501 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls10 ws6">Net cash, borrowing<span class="_ _1"></span>s and<span class="_ _0"></span> lea<span class="_ _1"></span>se liabilities<span class="_ _339"> </span></div></td><td class="c n x94f y5a93 wff h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 lsa5 ws240">(<span class="_ _1"></span>9<span class="_ _9"></span>3<span class="_ _9"></span>7.<span class="_ _14"> </span>2<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x950 y5a93 w502 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsb7 wsc9">(<span class="_ _1"></span>1</div></td><td class="c n x951 y5a93 w503 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsb7 wsc9">,1<span class="_ _1"></span>8<span class="_ _14"> </span>1<span class="_ _1"></span>.<span class="_ _14"> </span>6<span class="_ _9"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a94 w504 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls54 ws2">No<span class="_ _1"></span>n-co<span class="_ _1"></span>nt<span class="_ _1"></span>roll<span class="_ _1"></span>ing i<span class="_ _1"></span>nter<span class="_ _1"></span>est<span class="_ _1"></span>s’ s<span class="_ _1"></span>hare o<span class="_ _1"></span>f ca<span class="_ _1"></span>sh an<span class="_ _1"></span>d ca<span class="_ _1"></span>sh eq<span class="_ _1"></span>uiv<span class="_ _1"></span>ale<span class="_ _1"></span>nt<span class="_ _1"></span>s in n<span class="_ _1"></span>on-wh<span class="_ _1"></span>oll<span class="_ _1"></span>y own<span class="_ _1"></span>ed su<span class="_ _1"></span>bsid<span class="_ _1"></span>iar<span class="_ _1"></span>ie<span class="_ _1"></span>s<span class="_ _339"> </span></div></td><td class="c n x741 y5a94 w505 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls9d wsad">(0<span class="_ _1"></span>.8)<span class="_ _339"> </span></div></td><td></td><td class="c n x952 y5a94 w21a h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsa6 wsb9">(0.<span class="_ _1"></span>3)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a95 w506 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls8a ws5">Non-controlli<span class="_ _0"></span>ng interests’ s<span class="_ _0"></span>hare of<span class="_ _0"></span> lease liabilities<span class="_ _0"></span> in non-<span class="_ _0"></span>wholly owned<span class="_ _0"></span> subsidiaries<span class="_ _339"> </span></div></td><td class="c n x953 y5a95 w4e8 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 lsc ws12">0<span class="_ _1"></span>.5<span class="_ _339"> </span></div></td><td></td><td class="c n x954 y5a95 w59 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a96 w507 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls98 ws4">Impact of<span class="_ _0"></span> hedging instruments<span class="_ _339"> </span></div></td><td class="c n x955 y5a96 w508 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls9b wsab">(5<span class="_ _1"></span>4<span class="_ _1"></span>.<span class="_ _1"></span>2)<span class="_ _339"> </span></div></td><td></td><td class="c n x956 y5a96 w509 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsb0 ws17d">(<span class="_ _14"> </span>3<span class="_ _9"></span>7.<span class="_ _14"> </span>8<span class="_ _9"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5705 w50a h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls8a ws5">Net debt<span class="_ _339"> </span></div></td><td class="c n x73e y5705 w50b h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 lse0 wsfe">(9<span class="_ _1"></span>91.7<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td></td><td class="c n x957 y5705 w50c h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls73 wsa9">(<span class="_ _1"></span>1,<span class="_ _1"></span>2<span class="_ _1"></span>19<span class="_ _1"></span>.7<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr></table></div><div class="t m0 h10 ff2 fsa fc1 sc0 ls30 ws2 gs66f">(1<span class="_ _0"></span>) <span class="_ _7"> </span>T<span class="_ _1"></span>h<span class="_ _1"></span>e com<span class="_ _1"></span>pa<span class="_ _1"></span>r<span class="_ _1"></span>at<span class="_ _1"></span>ive a<span class="_ _1"></span>mo<span class="_ _1"></span>un<span class="_ _1"></span>ts h<span class="_ _1"></span>ave b<span class="_ _1"></span>ee<span class="_ _1"></span>n re<span class="_ _1"></span>-pr<span class="_ _1"></span>es<span class="_ _1"></span>en<span class="_ _1"></span>ted t<span class="_ _1"></span>o refl<span class="_ _1"></span>ec<span class="_ _1"></span>t th<span class="_ _1"></span>e ch<span class="_ _1"></span>an<span class="_ _1"></span>ge i<span class="_ _1"></span>n defi<span class="_ _1"></span>ni<span class="_ _1"></span>tio<span class="_ _1"></span>n of N<span class="_ _1"></span>et d<span class="_ _1"></span>ebt t<span class="_ _1"></span>o in<span class="_ _1"></span>clu<span class="_ _1"></span>de l<span class="_ _1"></span>ea<span class="_ _1"></span>se l<span class="_ _1"></span>iab<span class="_ _1"></span>ili<span class="_ _1"></span>ti<span class="_ _1"></span>es<span class="_ _1"></span>. Se<span class="_ _1"></span>e pa<span class="_ _1"></span>ge<span class="_ _1"></span>s 165 and 16<span class="_ _1"></span>6 for f<span class="_ _1"></span>ur<span class="_ _1"></span>t<span class="_ _1"></span>her<span class="_ _1"></span> </div><div class="t m0 h10 ff2 fsa fc1 sc0 ls31 ws2b1 gs670">information. </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs671">T<span class="_ _1"></span>he t<span class="_ _1"></span>abl<span class="_ _1"></span>e bel<span class="_ _1"></span>ow re<span class="_ _1"></span>con<span class="_ _1"></span>cil<span class="_ _1"></span>es Ne<span class="_ _1"></span>t deb<span class="_ _1"></span>t in te<span class="_ _1"></span>rms of c<span class="_ _1"></span>ha<span class="_ _1"></span>nge<span class="_ _1"></span>s in th<span class="_ _1"></span>es<span class="_ _1"></span>e bal<span class="_ _1"></span>anc<span class="_ _1"></span>es a<span class="_ _1"></span>cro<span class="_ _1"></span>ss t<span class="_ _1"></span>he yea<span class="_ _1"></span>r:<span class="_ _339"> </span></div><div class="gs672"><table class="s w50d h1e7" id="_62466073-fdef-4b67-b381-1fbef60f6c24"><tr><td></td><td class="t m0 x2bd h7d y5a97 ff2 fs6d fc1 sc0 ls1a0 ws1c8">Y<span class="_ _0"></span>ear ended<span class="_ _0"></span> 3<span class="_ _0"></span>1 December<span class="_ _339"> </span></td><td></td></tr><tr><td></td><td class="t m0 x1e9 h7f y5a98 ff1 fs6d fc1 sc0 lsc5 ws3e">20<span class="_ _1"></span>24<span class="_ _339"> </span></td><td class="c x948 y5a99 w4fb h1e2"><div class="t m0 x1ed h7d y5707 ff2 fs6d fc1 sc0 lsb3 wsc7">2023</div><div class="t m0 x947 h106 y5713 ff2 fs81 fc1 sc0 ls224 ws28f">(1)<span class="_ _339"> </span></div></td></tr><tr><td></td><td class="t m0 x1eb h7f y5a9a ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x1ec h7d y5a9b ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td></tr><tr><td class="c n x1ee y5a9c w50e h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls54 ws2">Ne<span class="_ _1"></span>t deb<span class="_ _1"></span>t at 1 Ja<span class="_ _1"></span>nu<span class="_ _1"></span>ar<span class="_ _1"></span>y<span class="_ _339"> </span></div></td><td class="c n x958 y5a9c w158 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls226 ws292">(1<span class="_ _1"></span>,<span class="_ _9"></span>2<span class="_ _1"></span>19<span class="_ _1"></span>.7<span class="_ _9"></span>)</div></td><td class="c n x959 y5a9c w50f h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls58 wsaf">(1<span class="_ _0"></span>,359.0)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a9d w510 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsf ws9">(Decrease<span class="_ _0"></span>)/increase in cash and cash equivalents<span class="_ _339"> </span></div></td><td class="c n x873 y5a9d w457 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls82 wsa3">(23.5)<span class="_ _339"> </span></div></td><td class="c n x92c y5a9d w511 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls132 ws14a">141.<span class="_ _1"></span>5<span class="_ _339"> </span></div></td></tr><tr><td class="t m0 x2b2 h6 y5a9e ff2 fs3 fc1 sc0 ls54 ws2">(Inc<span class="_ _1"></span>rea<span class="_ _1"></span>se)/<span class="_ _0"></span>de<span class="_ _1"></span>cre<span class="_ _1"></span>as<span class="_ _1"></span>e in no<span class="_ _1"></span>n-co<span class="_ _1"></span>nt<span class="_ _1"></span>roll<span class="_ _1"></span>ing i<span class="_ _1"></span>nter<span class="_ _1"></span>est<span class="_ _1"></span>s’ s<span class="_ _1"></span>hare o<span class="_ _1"></span>f ca<span class="_ _1"></span>sh an<span class="_ _1"></span>d ca<span class="_ _1"></span>sh eq<span class="_ _1"></span>uiv<span class="_ _1"></span>ale<span class="_ _1"></span>nt<span class="_ _1"></span>s in n<span class="_ _1"></span>on-wh<span class="_ _1"></span>oll<span class="_ _1"></span>y </td><td></td><td></td></tr><tr><td class="c n x1ee y5a9f w512 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls10 ws6">owned subsidiaries<span class="_ _339"> </span></div></td><td class="c n x95a y5a9f w9b h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls9d wsad">(0<span class="_ _1"></span>.5<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x95b y5a9f we5 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsb8 ws182">0.4<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5aa0 w513 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsd8 ws77">Decrease<span class="_ _0"></span> in borro<span class="_ _0"></span>wings<span class="_ _339"> </span></div></td><td class="c n x30c y5aa0 w214 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls77 ws184">24<span class="_ _1"></span>8<span class="_ _1"></span>.6<span class="_ _339"> </span></div></td><td class="c n x95c y5aa0 w514 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls74 wsc2">15<span class="_ _1"></span>.<span class="_ _1"></span>6<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5aa1 w515 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls7 wsc">Decre<span class="_ _1"></span>ase in lease liabilities<span class="_ _339"> </span></div></td><td class="c n x95d y5aa1 w516 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls75 ws23">19.<span class="_ _1"></span>3<span class="_ _339"> </span></div></td><td class="c n x95e y5aa1 w517 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsb0 ws17d">1<span class="_ _1"></span>7.<span class="_ _14"> </span>3<span class="_ _339"> </span></div></td></tr><tr><td class="t m0 x2b2 h6 y5aa2 ff2 fs3 fc1 sc0 ls54 ws2">Inc<span class="_ _1"></span>rea<span class="_ _1"></span>se<span class="_ _1"></span>/(<span class="_ _0"></span>dec<span class="_ _1"></span>rea<span class="_ _1"></span>se) in non<span class="_ _1"></span>-co<span class="_ _1"></span>nt<span class="_ _1"></span>roll<span class="_ _1"></span>ing in<span class="_ _1"></span>ter<span class="_ _1"></span>est<span class="_ _1"></span>s’ s<span class="_ _1"></span>hare o<span class="_ _1"></span>f lea<span class="_ _1"></span>se lia<span class="_ _1"></span>bil<span class="_ _1"></span>iti<span class="_ _1"></span>es in n<span class="_ _1"></span>on-w<span class="_ _1"></span>hol<span class="_ _1"></span>ly own<span class="_ _1"></span>ed<span class="_ _1"></span> </td><td></td><td></td></tr><tr><td class="c n x1ee y5aa3 w518 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls10 ws59">subsidiaries<span class="_ _339"> </span></div></td><td class="c n x339 y5aa3 w2c6 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 lsc ws12">0.5<span class="_ _339"> </span></div></td><td class="c n x95f y5aa3 w36f h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls76 ws7f">(<span class="_ _9"></span>0<span class="_ _14"> </span>.1<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5aa4 w519 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">Movement<span class="_ _0"></span> in the impact of<span class="_ _0"></span> hedging instruments<span class="_ _339"> </span></div></td><td class="c n x960 y5aa4 w51a h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls226 ws292">(16<span class="_ _9"></span>.<span class="_ _1"></span>4<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x2d1 y5aa4 w79 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls75 ws23">(<span class="_ _1"></span>35.<span class="_ _1"></span>4)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5705 w51b h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls9c ws10">Net debt<span class="_ _0"></span> at 3<span class="_ _0"></span>1 December<span class="_ _339"> </span></div></td><td class="c n x961 y5705 w51c h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 lse0 wsfe">(9<span class="_ _1"></span>9<span class="_ _1"></span>1.7<span class="_ _1"></span>)</div></td><td class="c n x962 y5705 w51d h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls73 wsa9">(1,<span class="_ _9"></span>2<span class="_ _1"></span>19<span class="_ _1"></span>.7<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr></table></div><div class="t m0 h10 ff2 fsa fc1 sc0 ls30 ws2b2 gs673">(1<span class="_ _0"></span>) T<span class="_ _1"></span>he c<span class="_ _1"></span>om<span class="_ _1"></span>pa<span class="_ _1"></span>ra<span class="_ _1"></span>ti<span class="_ _1"></span>ve am<span class="_ _1"></span>ou<span class="_ _1"></span>nt<span class="_ _1"></span>s ha<span class="_ _1"></span>ve b<span class="_ _1"></span>ee<span class="_ _1"></span>n re-<span class="_ _1"></span>pre<span class="_ _1"></span>se<span class="_ _1"></span>nt<span class="_ _1"></span>ed to r<span class="_ _1"></span>efl<span class="_ _1"></span>ec<span class="_ _1"></span>t th<span class="_ _1"></span>e cha<span class="_ _1"></span>ng<span class="_ _1"></span>e in d<span class="_ _1"></span>efin<span class="_ _1"></span>it<span class="_ _1"></span>io<span class="_ _1"></span>n of Ne<span class="_ _1"></span>t de<span class="_ _1"></span>bt to i<span class="_ _1"></span>nc<span class="_ _1"></span>lu<span class="_ _1"></span>de le<span class="_ _1"></span>as<span class="_ _1"></span>e li<span class="_ _1"></span>abi<span class="_ _1"></span>li<span class="_ _1"></span>tie<span class="_ _1"></span>s. S<span class="_ _1"></span>e<span class="_ _1"></span>e pa<span class="_ _1"></span>ges 165 a<span class="_ _1"></span>nd 166 f<span class="_ _1"></span>or f<span class="_ _1"></span>ur<span class="_ _1"></span>th<span class="_ _1"></span>er i<span class="_ _1"></span>nfo<span class="_ _1"></span>rm<span class="_ _1"></span>at<span class="_ _1"></span>ion<span class="_ _1"></span>. </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs674">A rec<span class="_ _1"></span>on<span class="_ _1"></span>cili<span class="_ _1"></span>at<span class="_ _1"></span>ion of t<span class="_ _1"></span>he c<span class="_ _1"></span>han<span class="_ _1"></span>ge in b<span class="_ _1"></span>orr<span class="_ _1"></span>owin<span class="_ _1"></span>gs du<span class="_ _1"></span>rin<span class="_ _1"></span>g th<span class="_ _1"></span>e year i<span class="_ _1"></span>s set o<span class="_ _1"></span>ut in t<span class="_ _1"></span>he t<span class="_ _1"></span>ab<span class="_ _1"></span>le in n<span class="_ _1"></span>ote 4.<span class="_ _1"></span>2.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs675">A<span class="_ _1"></span>s exp<span class="_ _1"></span>lai<span class="_ _1"></span>ned i<span class="_ _1"></span>n the B<span class="_ _1"></span>as<span class="_ _1"></span>is of pre<span class="_ _1"></span>pa<span class="_ _1"></span>ra<span class="_ _1"></span>tio<span class="_ _1"></span>n, t<span class="_ _1"></span>he G<span class="_ _1"></span>roup h<span class="_ _1"></span>as a lo<span class="_ _1"></span>ng-t<span class="_ _1"></span>er<span class="_ _1"></span>m ta<span class="_ _1"></span>rge<span class="_ _1"></span>t for Ne<span class="_ _1"></span>t deb<span class="_ _1"></span>t to Ad<span class="_ _1"></span>just<span class="_ _1"></span>ed EBI<span class="_ _1"></span>T<span class="_ _1"></span>DA of aro<span class="_ _1"></span>und 2.<span class="_ _1"></span>0 tim<span class="_ _1"></span>es<span class="_ _1"></span>.<span class="_ _339"> </span></div><div class="gs676"><table class="s w51e h1e8" id="_30292d91-a82c-4247-9aad-ce30a95863bc"><tr><td></td><td class="t m0 x6c0 h7d y5aa5 ff2 fs6d fc1 sc0 ls149 ws1c8">As at<span class="_ _0"></span> 31<span class="_ _0"></span> December<span class="_ _339"> </span></td><td></td></tr><tr><td></td><td class="c n x1f5 y5aa6 w51f h1b8"><div class="t m0 x1ed h7d y5739 ff1 fs6d fc1 sc0 lsc5 ws3e">20<span class="_ _1"></span>24<span class="_ _339"> </span></div></td><td class="c x964 y5aa6 w520 h1c9"><div class="t m0 x1ed h7d y5739 ff2 fs6d fc1 sc0 lsb3 wsc7">2023</div><div class="t m0 x963 h106 y583f ff2 fs81 fc1 sc0 ls224 ws28f">(1)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a95 w37 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls7 wsc">Adjusted EBITDA (<span class="_ _0"></span>£m)<span class="_ _339"> </span></div></td><td class="c n x1fb y5a95 w38 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls99 wsa7">1,0<span class="_ _1"></span>6<span class="_ _9"></span>4<span class="_ _1"></span>.2<span class="_ _339"> </span></div></td><td class="c n x965 y5a95 w1e5 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls1f ws21">1,<span class="_ _1"></span>0<span class="_ _1"></span>0<span class="_ _1"></span>9.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5aa7 w521 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls54 ws2">Ne<span class="_ _1"></span>t deb<span class="_ _1"></span>t (<span class="_ _0"></span>£m)<span class="_ _339"> </span></div></td><td class="c n x966 y5aa7 w522 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 lse0 wsfe">(9<span class="_ _1"></span>91.7<span class="_ _1"></span>)</div></td><td class="c n x967 y5aa7 w523 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls73 wsa9">(<span class="_ _1"></span>1,<span class="_ _1"></span>2<span class="_ _1"></span>19<span class="_ _1"></span>.7<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5705 w524 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls98 ws4">Net debt to<span class="_ _0"></span> Adjusted EBITDA<span class="_ _0"></span> r<span class="_ _1"></span>atio<span class="_ _339"> </span></div></td><td class="c n x968 y5705 w166 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls84 ws9b">0.9<span class="_ _339"> </span></div></td><td class="c n x969 y5705 w4ec h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa1 wsb5">1.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td></tr></table></div><div class="t m0 h10 ff2 fsa fc1 sc0 ls30 ws2b2 gs677">(1<span class="_ _0"></span>) T<span class="_ _1"></span>he c<span class="_ _1"></span>om<span class="_ _1"></span>pa<span class="_ _1"></span>ra<span class="_ _1"></span>ti<span class="_ _1"></span>ve am<span class="_ _1"></span>ou<span class="_ _1"></span>nt<span class="_ _1"></span>s ha<span class="_ _1"></span>ve b<span class="_ _1"></span>ee<span class="_ _1"></span>n re-<span class="_ _1"></span>pre<span class="_ _1"></span>se<span class="_ _1"></span>nt<span class="_ _1"></span>ed to r<span class="_ _1"></span>efl<span class="_ _1"></span>ec<span class="_ _1"></span>t th<span class="_ _1"></span>e cha<span class="_ _1"></span>ng<span class="_ _1"></span>e in d<span class="_ _1"></span>efin<span class="_ _1"></span>it<span class="_ _1"></span>io<span class="_ _1"></span>n of Ne<span class="_ _1"></span>t de<span class="_ _1"></span>bt to i<span class="_ _1"></span>nc<span class="_ _1"></span>lu<span class="_ _1"></span>de le<span class="_ _1"></span>as<span class="_ _1"></span>e li<span class="_ _1"></span>abi<span class="_ _1"></span>li<span class="_ _1"></span>tie<span class="_ _1"></span>s, S<span class="_ _1"></span>e<span class="_ _1"></span>e pa<span class="_ _1"></span>ges 165 a<span class="_ _1"></span>nd 166 f<span class="_ _1"></span>or f<span class="_ _1"></span>ur<span class="_ _1"></span>th<span class="_ _1"></span>er in<span class="_ _1"></span>for<span class="_ _1"></span>ma<span class="_ _1"></span>t<span class="_ _1"></span>ion<span class="_ _1"></span>.<span class="_ _339"> </span></div><div class="t m0 h5 ff1 fs3 fc0 sc0 lsa ws6 gs678">Cash and commit<span class="_ _1"></span>ted facilities<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs679">T<span class="_ _1"></span>he be<span class="_ _1"></span>low t<span class="_ _1"></span>ab<span class="_ _1"></span>le re<span class="_ _1"></span>con<span class="_ _1"></span>cil<span class="_ _1"></span>es th<span class="_ _1"></span>e Gro<span class="_ _1"></span>up’s av<span class="_ _1"></span>ail<span class="_ _1"></span>abl<span class="_ _1"></span>e ca<span class="_ _1"></span>sh an<span class="_ _1"></span>d com<span class="_ _1"></span>mit<span class="_ _1"></span>ted f<span class="_ _1"></span>ac<span class="_ _1"></span>ilit<span class="_ _1"></span>ie<span class="_ _1"></span>s:<span class="_ _339"> </span></div><div class="gs67a"><table class="s w525 h1e9" id="_c0c9b320-c96d-49d1-9231-0303f532aa05"><tr><td></td><td class="t m0 x1e8 h7d y5aa8 ff2 fs6d fc1 sc0 ls1a0 ws1c8">As at<span class="_ _0"></span> 31<span class="_ _0"></span> December<span class="_ _339"> </span></td><td></td></tr><tr><td></td><td class="t m0 x1e9 h7f y5aa9 ff1 fs6d fc1 sc0 lsc5 ws3e">20<span class="_ _1"></span>24<span class="_ _339"> </span></td><td class="t m0 x1ea h7d y5aa9 ff2 fs6d fc1 sc0 lsb3 wsc7">2023<span class="_ _339"> </span></td></tr><tr><td></td><td class="t m0 x1eb h7f y5aaa ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x1ec h7d y5aaa ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td></tr><tr><td class="c n x1ee y5a95 w526 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls54 ws2">C<span class="_ _1"></span>ash a<span class="_ _1"></span>nd c<span class="_ _1"></span>ash e<span class="_ _1"></span>qui<span class="_ _1"></span>val<span class="_ _1"></span>ent<span class="_ _1"></span>s (not<span class="_ _1"></span>e 4.<span class="_ _17"></span>1)<span class="_ _339"> </span></div></td><td class="c n x96a y5a95 w132 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 lsb5 wsc8">35<span class="_ _1"></span>6<span class="_ _1"></span>.0<span class="_ _339"> </span></div></td><td class="c n x2fd y5a95 w527 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa7 wsf6">37<span class="_ _1"></span>9.5<span class="_ _339"> </span></div></td></tr><tr><td class="c x1ee y5a96 w528 h1ea"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls54 ws2">RCF a<span class="_ _1"></span>vai<span class="_ _1"></span>lab<span class="_ _1"></span>le bu<span class="_ _1"></span>t not u<span class="_ _1"></span>til<span class="_ _1"></span>ise<span class="_ _1"></span>d</div><div class="t m0 x96b hf y5aab ff2 fs7 fc1 sc0 lsa0 wsb4">(1)<span class="_ _339"> </span></div></td><td class="c n x96c y5aa7 w12a h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls2c wsca">450<span class="_ _1"></span>.0<span class="_ _339"> </span></div></td><td class="c n x96d y5aa7 w133 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa7 wsf6">259.<span class="_ _1"></span>9<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5705 w529 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls98 ws4">T<span class="_ _2"></span>ot<span class="_ _1"></span>al cash and<span class="_ _0"></span> committe<span class="_ _1"></span>d<span class="_ _0"></span> f<span class="_ _1"></span>acilities<span class="_ _339"> </span></div></td><td class="c n x96e y5705 w52a h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 lsa ws92">806.0<span class="_ _339"> </span></div></td><td class="c n x96f y5705 w361 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa7 wsba">63<span class="_ _1"></span>9.4<span class="_ _339"> </span></div></td></tr></table></div><div class="t m0 h10 ff2 fsa fc1 sc0 ls30 ws2 gs67b">(1<span class="_ _0"></span>) <span class="_ _7"> </span>I<span class="_ _1"></span>n Au<span class="_ _1"></span>gus<span class="_ _1"></span>t 2024, t<span class="_ _1"></span>he G<span class="_ _1"></span>rou<span class="_ _1"></span>p se<span class="_ _1"></span>cu<span class="_ _1"></span>re<span class="_ _1"></span>d a new £45<span class="_ _1"></span>0.0<span class="lsaa wsbd"> million</span> RC<span class="_ _1"></span>F<span class="_ _0"></span>. T<span class="_ _1"></span>he G<span class="_ _1"></span>ro<span class="_ _1"></span>up c<span class="_ _1"></span>an<span class="_ _1"></span>ce<span class="_ _1"></span>lle<span class="_ _1"></span>d it<span class="_ _1"></span>s pr<span class="_ _1"></span>ev<span class="_ _1"></span>iou<span class="_ _1"></span>s £3<span class="_ _1"></span>00<span class="_ _1"></span>.0<span class="lsaa wsbd"> million</span> RC<span class="_ _1"></span>F at t<span class="_ _1"></span>his d<span class="_ _1"></span>at<span class="_ _1"></span>e. T<span class="_ _1"></span>he G<span class="_ _1"></span>rou<span class="_ _1"></span>p’s C<span class="_ _1"></span>$10<span class="lsaa wsbd"> million<span class="_ _0"></span><span class="ls30 ws2"> R<span class="_ _1"></span>CF a<span class="_ _1"></span>lso<span class="_ _1"></span> </span></span></div><div class="t m0 h10 ff2 fsa fc1 sc0 ls30 ws2 gs67c">ma<span class="_ _1"></span>tu<span class="_ _1"></span>red d<span class="_ _1"></span>ur<span class="_ _1"></span>in<span class="_ _1"></span>g 2024. S<span class="_ _1"></span>ee n<span class="_ _1"></span>ot<span class="_ _1"></span>e 4.2 f<span class="_ _1"></span>or f<span class="_ _1"></span>ur<span class="_ _1"></span>th<span class="_ _1"></span>er i<span class="_ _1"></span>nfo<span class="_ _1"></span>rm<span class="_ _1"></span>at<span class="_ _1"></span>io<span class="_ _1"></span>n on t<span class="_ _1"></span>he G<span class="_ _1"></span>rou<span class="_ _1"></span>p’s f<span class="_ _1"></span>ac<span class="_ _1"></span>ili<span class="_ _1"></span>ti<span class="_ _1"></span>es<span class="_ _1"></span>. As a<span class="_ _1"></span>t 31 Dec<span class="_ _1"></span>em<span class="_ _1"></span>be<span class="_ _1"></span>r 2024, t<span class="_ _1"></span>he G<span class="_ _1"></span>ro<span class="_ _1"></span>up ha<span class="_ _1"></span>d no c<span class="_ _1"></span>as<span class="_ _1"></span>h or n<span class="_ _1"></span>on-<span class="_ _1"></span>c<span class="_ _1"></span>ash d<span class="_ _1"></span>ra<span class="_ _1"></span>wi<span class="_ _1"></span>ngs u<span class="_ _1"></span>nd<span class="_ _1"></span>er t<span class="_ _1"></span>he<span class="_ _1"></span> </div><div class="t m0 h10 ff2 fsa fc1 sc0 ls30 ws2 gs67d">RC<span class="_ _1"></span>F<span class="_ gs67e"> </span>(2023: £4<span class="_ _1"></span>6.<span class="_ _0"></span>1<span class="lsaa wsbd"> million</span> in l<span class="_ _1"></span>ett<span class="_ _1"></span>er<span class="_ _1"></span>s of c<span class="_ _1"></span>red<span class="_ _1"></span>it w<span class="_ _1"></span>ere d<span class="_ _1"></span>ra<span class="_ _1"></span>wn).<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs67f">Fur<span class="_ _1"></span>t<span class="_ _1"></span>her c<span class="_ _1"></span>omm<span class="_ _1"></span>ent<span class="_ _1"></span>ar<span class="_ _9"></span>y on t<span class="_ _1"></span>ot<span class="_ _1"></span>al c<span class="_ _1"></span>ash a<span class="_ _1"></span>nd co<span class="_ _1"></span>mmi<span class="_ _1"></span>tte<span class="_ _1"></span>d fa<span class="_ _1"></span>cili<span class="_ _1"></span>ti<span class="_ _1"></span>es is co<span class="_ _1"></span>nt<span class="_ _1"></span>ain<span class="_ _1"></span>ed w<span class="_ _1"></span>ith<span class="_ _1"></span>in th<span class="_ _1"></span>e CFO<span class="_ _1"></span>’s fina<span class="_ _1"></span>nci<span class="_ _1"></span>al rev<span class="_ _1"></span>iew s<span class="_ _1"></span>ta<span class="_ _1"></span>rt<span class="_ _1"></span>ing o<span class="_ _1"></span>n pa<span class="_ _1"></span>ge 18.</div> != Alternative performance measures (APMs) The Group uses APMs throughout the Annual report and accounts that are not defined within IFRS but provide additional information about the Group’s financial performance and position that is used by the Board to evaluate the Group’s performance. These measures have been defined internally and may therefore not be comparable to similar APMs presented by other companies. Additionally, certain information presented is derived from amounts calculated in accordance with IFRS but is not itself a measure defined by IFRS. Such measures should not be viewed in isolation or as an alternative to the equivalent IFRS measure. Each year management confirms the judgements made regarding the Group’s definition of APMs, including exceptional items and certain remeasurements and Net debt. The assessment as to whether a transaction or group of transactions should or should not be classified as an exceptional item or a certain remeasurement can have a significant impact on the Adjusted results of the Group. Deciding which items to include or exclude from an APM’s definition can have a significant impact on the APM presented. An internal policy governs the judgements made by management and in all instances,these judgements are approved by the Audit Committee as set out on page 117. Defined below are the key APMs used by the Board to assess financial performance. The APMs glossary table on page 277 provides details of all APMs used, including the APM’s closest IFRS equivalent, the reason why the APM is used by the Group and a definition of how each APM is calculated. Adjusted results The Group’s financial performance for the period, measured in accordance with IFRS, is shown in the Total results column on the face of the Consolidated income statement. Exceptional items and certain remeasurements are deducted from the Total results in arriving at the Adjusted results for the year. The Group’s Adjusted results are consistent with the way the Board and executive management assess the performance of the Group. Adjusted results are intended to reflect the underlying trading performance of the Group’s businesses and are presented to assist users of the Consolidated financial statements in evaluating the Group’s trading performance and performance against strategic objectives. Exceptional items and certain remeasurements Exceptional items are those transactions that, by their nature, do not reflect the trading performance of the Group in the period. For a transaction to be considered exceptional, management considers the nature of the transaction, the frequency of similar events, any related precedent, and commercial context. The application guidance for this policy includes de minimis thresholds for classifying items as exceptional. Presentation of a transaction as exceptional is approved by the Audit Committee in accordance with an agreed policy. The policy is reviewed by the Audit Committee biennially, with the last review taking place in April 2023. This review did not result in any significant changes to the policy. Certain remeasurements comprise fair value gains and losses on derivative contracts to the extent those contracts do not qualify for hedge accounting (or hedge accounting is not effective) which, under IFRS, are recorded in revenue, cost of sales, interest payable and similar charges or foreign exchange gains or losses. Management believes adjusting for fair value gains and losses recognised on derivative contracts provides readers of the Consolidated financial statements with useful information, as this removes the volatility caused by movements in market prices over the life of the derivative. The Group regards all of its forward contracting activity to represent economic hedges and, therefore, the contracted price at delivery or maturity is relevant to the Group and its performance, rather than how the contracted price compares to the prevailing market price, as the Group is not seeking to make trading profits on these contracts through market price movements. The impact of excluding these fair value remeasurements is to reflect commodity sales and purchases at contracted prices (the price paid or received in respect of delivery of the commodity in question) in Adjusted results in the period the transaction takes place, and also to take into account the impact of associated financial derivative contracts (such as forward foreign currency purchases) in Adjusted results on maturity, being the period these contracts are intending to hedge. Further information on exceptional items and certain remeasurements in the current and comparative periods is included in note 2.7. Adjusted EBITDA Adjusted EBITDA is a primary measure used by the Board and executive management to assess the financial performance of the Group as it provides a more comparable assessment of the Group’s trading performance period-on- period. It is also a key metric used by the investor community to assess the performance of the Group’s operations. The Group defines Adjusted EBITDA as earnings before interest, tax, depreciation, amortisation, other gains or losses and impairment of non-current assets, excluding the impact of exceptional items and certain remeasurements (defined above). Adjusted EBITDA excludes any earnings from associates and Adjusted EBITDA directly attributable to non- controlling interests. Adjusted basic earnings per share Adjusted basic earnings per share (Adjusted basic EPS) is Adjusted profit attributable to the owners of the parent company divided by the weighted average number of ordinary shares outstanding during the period. Repurchased shares held in the treasury shares reserve are not included in the weighted average calculation of shares. This is the same denominator used when calculating Total basic earnings per share (Total basic EPS). This metric is used in discussions with the investor community. Net debt The Group defines Net debt as borrowings and lease liabilities less cash and cash equivalents. Borrowings denominated in foreign currencies to which the Group has entered into hedging arrangements associated with this currency exposure are translated at the hedged rate for the purposes of calculating Net debt. This is to take into account the effect of financial instruments entered into to hedge movements in, for example, foreign exchange rates in relation to debt principal repayments. Borrowings that have no hedging instruments attributed to them are translated at the closing rate. Borrowings includes external financial debt, such as loan notes, term loans and amounts drawn in cash under revolving credit facilities (RCFs) (see note 4.2). Borrowings does not include other financial liabilities such as pension obligations (see note 6.3), trade and other payables (see note 3.7), and working capital facilities linked directly to specific payables (such as credit cards and deferred letters of credit) that provide a short extension of payment terms of less than 12 months (see note 4.3). The Group does not include balances related to supply chain financing in borrowings and therefore Net debt, as there are no changes to the Group’s payment terms under this arrangement, nor would there be if the arrangement was to cease (see note 3.7). Net debt excludes the proportion of cash, lease liabilities and borrowings in non-wholly owned entities that would be attributable to the non-controlling interests. Net debt includes the impact of any cash collateral receipts from counterparties or cash collateral posted to counterparties. Prior to 2024, the Group’s definition of Net debt did not include lease liabilities. The exclusion of lease liabilities from the calculation of Net debt was consistent with the Group’s covenant reporting requirements at the time. In 2024, the Group has drawn new borrowings that include lease liabilities in their covenant reporting requirements. The Group has updated its definition of Net debt to include lease liabilities, to be consistent with the covenant requirements of the newly drawn borrowings. This is deemed to provide more useful information to users of the Consolidated financial statements as the Group’s definition of Net debt is consistent with the way debt is assessed by the Group’s lenders of newly drawn borrowings and going forward on any future borrowings drawn. The table below shows Net debt calculated using both the current and prior year definition and a reconciliation between the two metrics: As at 31 December 2024 2023 £m £m Net debt excluding lease liabilities (previous definition) 875.7 1,083.9 Lease liabilities attributable to owners of the parent company 116.0 135.8 Net debt (including lease liabilities – current definition) 991.7 1,219.7 Net debt is a key metric used by debt rating agencies and the investor community as a measure of liquidity and the ability of the Group to manage its financial obligations. See note 2.7 on page 191 Net debt to Adjusted EBITDA This metric is the ratio of Net debt to Adjusted EBITDA, expressed as a multiple. The Group has a long-term target for Net debt to Adjusted EBITDA of around 2.0 times. The Net debt to Adjusted EBITDA ratio gives an indication of the size of the Group’s Net debt in relation to its trading performance and is a key metric used by the investor community to assess the performance of the Group’s operations. As explained above, the Group updated its definition of Net debt. The table below shows the ratio of Net debt to Adjusted EBITDA calculated using both the current and prior year definitions of Net debt. As at 31 December 2024 2023 Net debt excluding lease liabilities (previous definition) (£m) 875.7 1,083.9 Net debt (including lease liabilities – current definition) (£m) 991.7 1,219.7 Adjusted EBITDA (£m) 1,064.2 1,009.2 Net debt excluding lease liabilities (previous definition) to Adjusted EBITDA ratio 0.8 1.1 Net debt (including lease liabilities – current definition) to Adjusted EBITDA ratio 0.9 1.2 See note 2.7 on page 191 please review selected entries. |
| WARNING | message:tech_duplicated_facts1 | Duplicated facts with different values have been reported for: ix:nonNumeric, value:Alternative performance measures (APMs) The Group uses APMs throughout the Annual report and accounts that are not defined within IFRS but provide additional information about the Group’s financial performance and position that is used by the Board to evaluate the Group’s performance. These measures have been defined internally and may therefore not be comparable to similar APMs presented by other companies. Additionally, certain information presented is derived from amounts calculated in accordance with IFRS but is not itself a measure defined by IFRS. Such measures should not be viewed in isolation or as an alternative to the equivalent IFRS measure. Each year management confirms the judgements made regarding the Group’s definition of APMs, including exceptional items and certain remeasurements and Net debt. The assessment as to whether a transaction or group of transactions should or should not be classified as an exceptional item or a certain remeasurement can have a significant impact on the Adjusted results of the Group. Deciding which items to include or exclude from an APM’s definition can have a significant impact on the APM presented. An internal policy governs the judgements made by management and in all instances,these judgements are approved by the Audit Committee as set out on page 117. Defined below are the key APMs used by the Board to assess financial performance. The APMs glossary table on page 277 provides details of all APMs used, including the APM’s closest IFRS equivalent, the reason why the APM is used by the Group and a definition of how each APM is calculated. Adjusted results The Group’s financial performance for the period, measured in accordance with IFRS, is shown in the Total results column on the face of the Consolidated income statement. Exceptional items and certain remeasurements are deducted from the Total results in arriving at the Adjusted results for the year. The Group’s Adjusted results are consistent with the way the Board and executive management assess the performance of the Group. Adjusted results are intended to reflect the underlying trading performance of the Group’s businesses and are presented to assist users of the Consolidated financial statements in evaluating the Group’s trading performance and performance against strategic objectives. Exceptional items and certain remeasurements Exceptional items are those transactions that, by their nature, do not reflect the trading performance of the Group in the period. For a transaction to be considered exceptional, management considers the nature of the transaction, the frequency of similar events, any related precedent, and commercial context. The application guidance for this policy includes de minimis thresholds for classifying items as exceptional. Presentation of a transaction as exceptional is approved by the Audit Committee in accordance with an agreed policy. The policy is reviewed by the Audit Committee biennially, with the last review taking place in April 2023. This review did not result in any significant changes to the policy. Certain remeasurements comprise fair value gains and losses on derivative contracts to the extent those contracts do not qualify for hedge accounting (or hedge accounting is not effective) which, under IFRS, are recorded in revenue, cost of sales, interest payable and similar charges or foreign exchange gains or losses. Management believes adjusting for fair value gains and losses recognised on derivative contracts provides readers of the Consolidated financial statements with useful information, as this removes the volatility caused by movements in market prices over the life of the derivative. The Group regards all of its forward contracting activity to represent economic hedges and, therefore, the contracted price at delivery or maturity is relevant to the Group and its performance, rather than how the contracted price compares to the prevailing market price, as the Group is not seeking to make trading profits on these contracts through market price movements. The impact of excluding these fair value remeasurements is to reflect commodity sales and purchases at contracted prices (the price paid or received in respect of delivery of the commodity in question) in Adjusted results in the period the transaction takes place, and also to take into account the impact of associated financial derivative contracts (such as forward foreign currency purchases) in Adjusted results on maturity, being the period these contracts are intending to hedge. Further information on exceptional items and certain remeasurements in the current and comparative periods is included in note 2.7. Adjusted EBITDA Adjusted EBITDA is a primary measure used by the Board and executive management to assess the financial performance of the Group as it provides a more comparable assessment of the Group’s trading performance period-on- period. It is also a key metric used by the investor community to assess the performance of the Group’s operations. The Group defines Adjusted EBITDA as earnings before interest, tax, depreciation, amortisation, other gains or losses and impairment of non-current assets, excluding the impact of exceptional items and certain remeasurements (defined above). Adjusted EBITDA excludes any earnings from associates and Adjusted EBITDA directly attributable to non- controlling interests. Adjusted basic earnings per share Adjusted basic earnings per share (Adjusted basic EPS) is Adjusted profit attributable to the owners of the parent company divided by the weighted average number of ordinary shares outstanding during the period. Repurchased shares held in the treasury shares reserve are not included in the weighted average calculation of shares. This is the same denominator used when calculating Total basic earnings per share (Total basic EPS). This metric is used in discussions with the investor community. Net debt The Group defines Net debt as borrowings and lease liabilities less cash and cash equivalents. Borrowings denominated in foreign currencies to which the Group has entered into hedging arrangements associated with this currency exposure are translated at the hedged rate for the purposes of calculating Net debt. This is to take into account the effect of financial instruments entered into to hedge movements in, for example, foreign exchange rates in relation to debt principal repayments. Borrowings that have no hedging instruments attributed to them are translated at the closing rate. Borrowings includes external financial debt, such as loan notes, term loans and amounts drawn in cash under revolving credit facilities (RCFs) (see note 4.2). Borrowings does not include other financial liabilities such as pension obligations (see note 6.3), trade and other payables (see note 3.7), and working capital facilities linked directly to specific payables (such as credit cards and deferred letters of credit) that provide a short extension of payment terms of less than 12 months (see note 4.3). The Group does not include balances related to supply chain financing in borrowings and therefore Net debt, as there are no changes to the Group’s payment terms under this arrangement, nor would there be if the arrangement was to cease (see note 3.7). Net debt excludes the proportion of cash, lease liabilities and borrowings in non-wholly owned entities that would be attributable to the non-controlling interests. Net debt includes the impact of any cash collateral receipts from counterparties or cash collateral posted to counterparties. Prior to 2024, the Group’s definition of Net debt did not include lease liabilities. The exclusion of lease liabilities from the calculation of Net debt was consistent with the Group’s covenant reporting requirements at the time. In 2024, the Group has drawn new borrowings that include lease liabilities in their covenant reporting requirements. The Group has updated its definition of Net debt to include lease liabilities, to be consistent with the covenant requirements of the newly drawn borrowings. This is deemed to provide more useful information to users of the Consolidated financial statements as the Group’s definition of Net debt is consistent with the way debt is assessed by the Group’s lenders of newly drawn borrowings and going forward on any future borrowings drawn. The table below shows Net debt calculated using both the current and prior year definition and a reconciliation between the two metrics: As at 31 December 2024 2023 £m £m Net debt excluding lease liabilities (previous definition) 875.7 1,083.9 Lease liabilities attributable to owners of the parent company 116.0 135.8 Net debt (including lease liabilities – current definition) 991.7 1,219.7 Net debt is a key metric used by debt rating agencies and the investor community as a measure of liquidity and the ability of the Group to manage its financial obligations. See note 2.7 on page 191 Net debt to Adjusted EBITDA This metric is the ratio of Net debt to Adjusted EBITDA, expressed as a multiple. The Group has a long-term target for Net debt to Adjusted EBITDA of around 2.0 times. The Net debt to Adjusted EBITDA ratio gives an indication of the size of the Group’s Net debt in relation to its trading performance and is a key metric used by the investor community to assess the performance of the Group’s operations. As explained above, the Group updated its definition of Net debt. The table below shows the ratio of Net debt to Adjusted EBITDA calculated using both the current and prior year definitions of Net debt. As at 31 December 2024 2023 Net debt excluding lease liabilities (previous definition) (£m) 875.7 1,083.9 Net debt (including lease liabilities – current definition) (£m) 991.7 1,219.7 Adjusted EBITDA (£m) 1,064.2 1,009.2 Net debt excluding lease liabilities (previous definition) to Adjusted EBITDA ratio 0.8 1.1 Net debt (including lease liabilities – current definition) to Adjusted EBITDA ratio 0.9 1.2 See note 2.7 on page 191 != <div class="t m0 h18 ff1 fs1 fc0 sc0 ls47 ws4a gs5fd">2.<span class="_ _0"></span>7 Alternat<span class="_ _1"></span>ive perform<span class="_ _1"></span>ance measures<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs5fe">The alternative performance measures (AP<span class="_ _0"></span>Ms)<span class="_ _0"></span> glossar<span class="_ _1"></span>y to these Consolidat<span class="_ _0"></span>ed financial statements on page 2<span class="_ _0"></span>77 provides details<span class="_ _0"></span> of<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs5ff">all<span class="_ gs7"> </span>A<span class="_ _1"></span>PMs u<span class="_ _1"></span>se<span class="_ _1"></span>d, ea<span class="_ _1"></span>ch APM’s c<span class="_ _1"></span>los<span class="_ _1"></span>est IF<span class="_ _1"></span>RS e<span class="_ _1"></span>qui<span class="_ _1"></span>val<span class="_ _1"></span>ent<span class="_ _1"></span>, t<span class="_ _1"></span>he rea<span class="_ _1"></span>so<span class="_ _1"></span>n why t<span class="_ _1"></span>he APM i<span class="_ _1"></span>s use<span class="_ _1"></span>d by th<span class="_ _1"></span>e Gro<span class="_ _1"></span>up an<span class="_ _1"></span>d a defi<span class="_ _1"></span>nit<span class="_ _1"></span>ion of h<span class="_ _1"></span>ow ea<span class="_ _1"></span>ch A<span class="_ _1"></span>PM </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws8b gs600">is<span class="_ gs7"> </span>c<span class="_ _1"></span>alc<span class="_ _1"></span>ula<span class="_ _1"></span>ted<span class="_ _1"></span>.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs601">T<span class="_ _1"></span>he Gr<span class="_ _1"></span>oup p<span class="_ _1"></span>res<span class="_ _1"></span>ent<span class="_ _1"></span>s Ad<span class="_ _1"></span>just<span class="_ _1"></span>ed re<span class="_ _1"></span>sult<span class="_ _1"></span>s i<span class="_ _1"></span>n the C<span class="_ _1"></span>on<span class="_ _1"></span>soli<span class="_ _1"></span>da<span class="_ _1"></span>ted in<span class="_ _1"></span>co<span class="_ _1"></span>me st<span class="_ _1"></span>at<span class="_ _1"></span>eme<span class="_ _1"></span>nt. M<span class="_ _1"></span>an<span class="_ _1"></span>age<span class="_ _1"></span>men<span class="_ _1"></span>t be<span class="_ _1"></span>liev<span class="_ _1"></span>es th<span class="_ _1"></span>at t<span class="_ _1"></span>his ap<span class="_ _1"></span>pro<span class="_ _1"></span>ac<span class="_ _1"></span>h is us<span class="_ _1"></span>efu<span class="_ _1"></span>l as it<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs602">provides a<span class="_ _0"></span> clear and consi<span class="_ _0"></span>stent view o<span class="_ _0"></span>f underlying trading per<span class="_ _1"></span>formance.<span class="_ _0"></span> Exceptional items and<span class="_ _0"></span> cert<span class="_ _1"></span>ain r<span class="_ _0"></span>emeasurement<span class="_ _1"></span>s ar<span class="_ _0"></span>e excluded </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs603">fro<span class="_ _1"></span>m Adj<span class="_ _1"></span>uste<span class="_ _1"></span>d res<span class="_ _1"></span>ult<span class="_ _1"></span>s an<span class="_ _1"></span>d are p<span class="_ _1"></span>res<span class="_ _1"></span>ent<span class="_ _1"></span>ed in a s<span class="_ _1"></span>ep<span class="_ _1"></span>ara<span class="_ _1"></span>te c<span class="_ _1"></span>olum<span class="_ _1"></span>n in t<span class="_ _1"></span>he Co<span class="_ _1"></span>nso<span class="_ _1"></span>lid<span class="_ _1"></span>ate<span class="_ _1"></span>d inc<span class="_ _1"></span>ome s<span class="_ _1"></span>ta<span class="_ _1"></span>tem<span class="_ _1"></span>ent<span class="_ _1"></span>. T<span class="_ _1"></span>he Gr<span class="_ _1"></span>oup b<span class="_ _1"></span>eli<span class="_ _1"></span>eves t<span class="_ _1"></span>ha<span class="_ _1"></span>t thi<span class="_ _1"></span>s </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs604">presentation provides u<span class="_ _0"></span>sef<span class="_ _1"></span>ul<span class="_ _0"></span> information about the financial<span class="_ _0"></span> per<span class="_ _1"></span>formance of<span class="_ _0"></span> the business and i<span class="_ _0"></span>s consistent<span class="_ _0"></span> with the way the<span class="_ _0"></span> Bo<span class="_ _1"></span>ard </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs605">and ex<span class="_ _0"></span>ecut<span class="_ _1"></span>ive<span class="_ _0"></span> management assess the per<span class="_ _1"></span>formance o<span class="_ _0"></span>f the business.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs606">T<span class="_ _1"></span>he Gr<span class="_ _1"></span>oup h<span class="_ _1"></span>as a po<span class="_ _1"></span>lic<span class="_ _1"></span>y and f<span class="_ _1"></span>ra<span class="_ _1"></span>mew<span class="_ _1"></span>ork f<span class="_ _1"></span>or th<span class="_ _1"></span>e det<span class="_ _1"></span>er<span class="_ _1"></span>min<span class="_ _1"></span>ati<span class="_ _1"></span>on of t<span class="_ _1"></span>ra<span class="_ _1"></span>ns<span class="_ _1"></span>act<span class="_ _1"></span>io<span class="_ _1"></span>ns to be p<span class="_ _1"></span>res<span class="_ _1"></span>en<span class="_ _1"></span>ted a<span class="_ _1"></span>s exce<span class="_ _1"></span>pti<span class="_ _1"></span>ona<span class="_ _1"></span>l. E<span class="_ _1"></span>xcep<span class="_ _1"></span>ti<span class="_ _1"></span>ona<span class="_ _1"></span>l ite<span class="_ _1"></span>ms are<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs607">exc<span class="_ _1"></span>lud<span class="_ _1"></span>ed fr<span class="_ _1"></span>om Adj<span class="_ _1"></span>uste<span class="_ _1"></span>d res<span class="_ _1"></span>ult<span class="_ _1"></span>s as t<span class="_ _1"></span>he<span class="_ _1"></span>y are t<span class="_ _1"></span>ra<span class="_ _1"></span>ns<span class="_ _1"></span>act<span class="_ _1"></span>ion<span class="_ _1"></span>s th<span class="_ _1"></span>at ar<span class="_ _1"></span>e dee<span class="_ _1"></span>med t<span class="_ _1"></span>o be o<span class="_ _1"></span>ne-<span class="_ _1"></span>of<span class="_ _1"></span>f or un<span class="_ _1"></span>like<span class="_ _1"></span>ly to re<span class="_ _1"></span>oc<span class="_ _1"></span>cur i<span class="_ _1"></span>n fut<span class="_ _1"></span>ure y<span class="_ _1"></span>ear<span class="_ _1"></span>s du<span class="_ _1"></span>e to<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs608">th<span class="_ _1"></span>eir n<span class="_ _1"></span>atu<span class="_ _1"></span>re, size<span class="_ _1"></span>, the e<span class="_ _1"></span>xp<span class="_ _1"></span>ect<span class="_ _1"></span>ed fr<span class="_ _1"></span>equ<span class="_ _1"></span>enc<span class="_ _1"></span>y of sim<span class="_ _1"></span>ila<span class="_ _1"></span>r even<span class="_ _1"></span>t<span class="_ _1"></span>s, or t<span class="_ _1"></span>he c<span class="_ _1"></span>omm<span class="_ _1"></span>erc<span class="_ _1"></span>ial c<span class="_ _1"></span>ont<span class="_ _1"></span>ext<span class="_ _1"></span>. By e<span class="_ _1"></span>xclu<span class="_ _1"></span>din<span class="_ _1"></span>g the<span class="_ _1"></span>se a<span class="_ _1"></span>mou<span class="_ _1"></span>nt<span class="_ _1"></span>s, t<span class="_ _1"></span>his p<span class="_ _1"></span>rovi<span class="_ _1"></span>des<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs609">users of<span class="_ _0"></span> the Consolidated financial s<span class="_ _0"></span>t<span class="_ _1"></span>atements with a<span class="_ _0"></span> more representative view o<span class="_ _0"></span>f the results of<span class="_ _0"></span> the Group and<span class="_ _0"></span> enables comparisons<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs60a">wit<span class="_ _1"></span>h ot<span class="_ _1"></span>he<span class="_ _1"></span>r rep<span class="_ _1"></span>ort<span class="_ _1"></span>ing p<span class="_ _1"></span>er<span class="_ _1"></span>iod<span class="_ _1"></span>s as it e<span class="_ _1"></span>xclu<span class="_ _1"></span>des a<span class="_ _1"></span>mou<span class="_ _1"></span>nt<span class="_ _1"></span>s fro<span class="_ _1"></span>m ac<span class="_ _1"></span>tiv<span class="_ _1"></span>it<span class="_ _1"></span>ies o<span class="_ _1"></span>r tr<span class="_ _1"></span>ans<span class="_ _1"></span>ac<span class="_ _1"></span>ti<span class="_ _1"></span>ons t<span class="_ _1"></span>hat a<span class="_ _1"></span>re no<span class="_ _1"></span>t like<span class="_ _1"></span>ly to re<span class="_ _1"></span>oc<span class="_ _1"></span>cur<span class="_ _0"></span>. A<span class="_ _1"></span>ll t<span class="_ _1"></span>ra<span class="_ _1"></span>nsa<span class="_ _1"></span>ct<span class="_ _1"></span>ion<span class="_ _1"></span>s </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs60b">pre<span class="_ _1"></span>se<span class="_ _1"></span>nte<span class="_ _1"></span>d as exc<span class="_ _1"></span>ept<span class="_ _1"></span>io<span class="_ _1"></span>nal a<span class="_ _1"></span>re ap<span class="_ _1"></span>prove<span class="_ _1"></span>d by t<span class="_ _1"></span>he Aud<span class="_ _1"></span>it C<span class="_ _1"></span>omm<span class="_ _1"></span>itte<span class="_ _1"></span>e. Se<span class="_ _1"></span>e th<span class="_ _1"></span>e Aud<span class="_ _1"></span>it Co<span class="_ _1"></span>mmi<span class="_ _1"></span>tte<span class="_ _1"></span>e rep<span class="_ _1"></span>or<span class="_ _1"></span>t on p<span class="_ _1"></span>age 1<span class="_ _0"></span>1<span class="_ _0"></span>2 f<span class="_ _1"></span>or fu<span class="_ _1"></span>rt<span class="_ _1"></span>he<span class="_ _1"></span>r det<span class="_ _1"></span>ai<span class="_ _1"></span>ls.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs60c">In these Consolidat<span class="_ _0"></span>ed financial statements, the following<span class="_ _0"></span> tr<span class="_ _1"></span>ansactions have<span class="_ _0"></span> been designated as<span class="_ _0"></span> exceptional items<span class="_ _0"></span> and presented </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 wsf gs60d">separately:</div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls4 ws2 gs60e"> <span class="_ _a4"></span>–<span class="_ _d3"> </span><span class="ls8">C<span class="_ _1"></span>ost<span class="_ _1"></span>s an<span class="_ _1"></span>d cre<span class="_ _1"></span>dit<span class="_ _1"></span>s a<span class="_ _1"></span>ris<span class="_ _1"></span>ing as a r<span class="_ _1"></span>esul<span class="_ _1"></span>t of th<span class="_ _1"></span>e tr<span class="_ _1"></span>an<span class="_ _1"></span>sa<span class="_ _1"></span>cti<span class="_ _1"></span>on to s<span class="_ _1"></span>ell t<span class="_ _1"></span>he m<span class="_ _1"></span>ajor<span class="_ _1"></span>it<span class="_ _1"></span>y of t<span class="_ _1"></span>he no<span class="_ _1"></span>n-c<span class="_ _1"></span>ore O<span class="_ _1"></span>pus E<span class="_ _1"></span>ner<span class="_ _1"></span>gy SM<span class="_ _1"></span>E cust<span class="_ _1"></span>ome<span class="_ _1"></span>r met<span class="_ _1"></span>er p<span class="_ _1"></span>oint<span class="_ _1"></span>s<span class="_ _1"></span> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs60f">an<span class="_ _1"></span>d rela<span class="_ _1"></span>te<span class="_ _1"></span>d str<span class="_ _1"></span>ate<span class="_ _1"></span>gic r<span class="_ _1"></span>est<span class="_ _1"></span>ru<span class="_ _1"></span>ct<span class="_ _1"></span>uri<span class="_ _1"></span>ng to re<span class="_ _1"></span>fle<span class="_ _1"></span>ct th<span class="_ _1"></span>e red<span class="_ _1"></span>uc<span class="_ _1"></span>ed size o<span class="_ _1"></span>f the O<span class="_ _1"></span>pus E<span class="_ _1"></span>ner<span class="_ _1"></span>gy SM<span class="_ _1"></span>E bus<span class="_ _1"></span>ine<span class="_ _1"></span>ss an<span class="_ _1"></span>d Ene<span class="_ _1"></span>rgy S<span class="_ _1"></span>olu<span class="_ _1"></span>ti<span class="_ _1"></span>ons’ f<span class="_ _1"></span>ocu<span class="_ _1"></span>s on co<span class="_ _1"></span>re<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs610">I&C cust<span class="_ _0"></span>omer<span class="_ _1"></span>s<span class="_ _0"></span> and renewables services (2<span class="_ _0"></span>02<span class="_ _0"></span>4, Energy<span class="_ _0"></span> Solutions)</div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls4 ws2 gs611"> <span class="_ _a4"></span>–<span class="_ _d3"> </span><span class="ls7 ws4">Impairment charges related<span class="_ _0"></span> to the Opus E<span class="_ _0"></span>nergy CGU (<span class="_ _0"></span>202<span class="_ _0"></span>3, Energy<span class="_ _0"></span> Solutions<span class="_ _0"></span>). See note 2<span class="_ _0"></span>.4 for<span class="_ _0"></span> fur<span class="_ _1"></span>ther in<span class="_ _0"></span>formation</span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls4 ws2 gs612"> <span class="_ _a4"></span>–<span class="_ _d3"> </span><span class="ls8">Pr<span class="_ _1"></span>oce<span class="_ _1"></span>ed<span class="_ _1"></span>s from a l<span class="_ _1"></span>eg<span class="_ _1"></span>al se<span class="_ _1"></span>tt<span class="_ _1"></span>lem<span class="_ _1"></span>ent re<span class="_ _1"></span>lat<span class="_ _1"></span>in<span class="_ _1"></span>g to a sup<span class="_ _1"></span>pli<span class="_ _1"></span>er<span class="_ _1"></span>’s fa<span class="_ _1"></span>ilur<span class="_ _1"></span>e to pe<span class="_ _1"></span>r<span class="_ _1"></span>for<span class="_ _1"></span>m und<span class="_ _1"></span>er t<span class="_ _1"></span>hei<span class="_ _1"></span>r con<span class="_ _1"></span>tr<span class="_ _1"></span>ac<span class="_ _1"></span>t (<span class="_ _0"></span>202<span class="_ _1"></span>3, Ener<span class="_ _1"></span>gy So<span class="_ _1"></span>lut<span class="_ _1"></span>io<span class="_ _1"></span>ns<span class="_ _0"></span>)</span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls4 ws2 gs613"> <span class="_ _a4"></span>–<span class="_ _d3"> </span><span class="ls8">Ch<span class="_ _1"></span>ang<span class="_ _1"></span>e in t<span class="_ _1"></span>he f<span class="_ _1"></span>air v<span class="_ _1"></span>alue o<span class="_ _1"></span>f con<span class="_ _1"></span>tin<span class="_ _1"></span>gen<span class="_ _1"></span>t co<span class="_ _1"></span>nsid<span class="_ _1"></span>er<span class="_ _1"></span>at<span class="_ _1"></span>ion (2023, Ge<span class="_ _1"></span>ner<span class="_ _1"></span>at<span class="_ _1"></span>io<span class="_ _1"></span>n<span class="_ _0"></span>). S<span class="_ _1"></span>ee n<span class="_ _1"></span>ote 7<span class="_ _2"></span>.<span class="_ _2"></span>1 fo<span class="_ _1"></span>r fu<span class="_ _1"></span>rt<span class="_ _1"></span>her i<span class="_ _1"></span>nfor<span class="_ _1"></span>ma<span class="_ _1"></span>tio<span class="_ _1"></span>n</span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls4 ws2 gs614"> <span class="_ _a4"></span>–<span class="_ _d3"> </span><span class="ls8">Im<span class="_ _1"></span>pa<span class="_ _1"></span>ct of t<span class="_ _1"></span>he UK t<span class="_ _1"></span>ax r<span class="_ _1"></span>ate c<span class="_ _1"></span>ha<span class="_ _1"></span>nge o<span class="_ _1"></span>n defe<span class="_ _1"></span>rre<span class="_ _1"></span>d ta<span class="_ _1"></span>x bal<span class="_ _1"></span>an<span class="_ _1"></span>ces (2023, Ge<span class="_ _1"></span>ne<span class="_ _1"></span>rat<span class="_ _1"></span>io<span class="_ _1"></span>n and E<span class="_ _1"></span>ner<span class="_ _1"></span>gy So<span class="_ _1"></span>lut<span class="_ _1"></span>io<span class="_ _1"></span>ns<span class="_ _0"></span>). S<span class="_ _1"></span>ee n<span class="_ _1"></span>ote 2.6 f<span class="_ _1"></span>or fu<span class="_ _1"></span>rt<span class="_ _1"></span>he<span class="_ _1"></span>r </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 wsf gs615">information<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs617">Ce<span class="_ _1"></span>rt<span class="_ _1"></span>ai<span class="_ _1"></span>n reme<span class="_ _1"></span>asu<span class="_ _1"></span>rem<span class="_ _1"></span>ent<span class="_ _1"></span>s c<span class="_ _1"></span>omp<span class="_ _1"></span>ris<span class="_ _1"></span>e gai<span class="_ _1"></span>ns an<span class="_ _1"></span>d los<span class="_ _1"></span>se<span class="_ _1"></span>s on de<span class="_ _1"></span>ri<span class="_ _1"></span>vat<span class="_ _1"></span>ive c<span class="_ _1"></span>ont<span class="_ _1"></span>r<span class="_ _1"></span>act<span class="_ _1"></span>s to t<span class="_ _1"></span>he e<span class="_ _1"></span>xte<span class="_ _1"></span>nt th<span class="_ _1"></span>at t<span class="_ _1"></span>hos<span class="_ _1"></span>e con<span class="_ _1"></span>tr<span class="_ _1"></span>ac<span class="_ _1"></span>t<span class="_ _1"></span>s do no<span class="_ _1"></span>t qua<span class="_ _1"></span>lif<span class="_ _1"></span>y fo<span class="_ _1"></span>r he<span class="_ _1"></span>dge<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs618">ac<span class="_ _1"></span>cou<span class="_ _1"></span>nt<span class="_ _1"></span>ing<span class="_ _1"></span>, or he<span class="_ _1"></span>dge a<span class="_ _1"></span>cc<span class="_ _1"></span>oun<span class="_ _1"></span>tin<span class="_ _1"></span>g is not e<span class="_ _1"></span>f<span class="_ _1"></span>fec<span class="_ _1"></span>ti<span class="_ _1"></span>ve, and t<span class="_ _1"></span>ho<span class="_ _1"></span>se ga<span class="_ _1"></span>ins o<span class="_ _1"></span>r los<span class="_ _1"></span>ses a<span class="_ _1"></span>re ei<span class="_ _1"></span>the<span class="_ _1"></span>r i) unr<span class="_ _1"></span>eal<span class="_ _1"></span>ise<span class="_ _1"></span>d and r<span class="_ _1"></span>ela<span class="_ _1"></span>te to de<span class="_ _1"></span>ri<span class="_ _1"></span>vat<span class="_ _1"></span>iv<span class="_ _1"></span>e con<span class="_ _1"></span>tr<span class="_ _1"></span>ac<span class="_ _1"></span>ts<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs619">wit<span class="_ _1"></span>h a ma<span class="_ _1"></span>tur<span class="_ _1"></span>it<span class="_ _1"></span>y in f<span class="_ _1"></span>ut<span class="_ _1"></span>ure p<span class="_ _1"></span>eri<span class="_ _1"></span>ods<span class="_ _1"></span>, or ii) a<span class="_ _1"></span>re re<span class="_ _1"></span>alis<span class="_ _1"></span>ed in r<span class="_ _1"></span>ela<span class="_ _1"></span>tio<span class="_ _1"></span>n to t<span class="_ _1"></span>he ma<span class="_ _1"></span>tur<span class="_ _1"></span>it<span class="_ _1"></span>y of de<span class="_ _1"></span>ri<span class="_ _1"></span>va<span class="_ _1"></span>tiv<span class="_ _1"></span>e con<span class="_ _1"></span>tr<span class="_ _1"></span>ac<span class="_ _1"></span>ts i<span class="_ _1"></span>n th<span class="_ _1"></span>e cur<span class="_ _1"></span>rent p<span class="_ _1"></span>er<span class="_ _1"></span>iod<span class="_ _1"></span>. Ga<span class="_ _1"></span>ins an<span class="_ _1"></span>d<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs61a">losses on derivative<span class="_ _0"></span> cont<span class="_ _1"></span>racts prior to maturity generally reflect<span class="_ _0"></span> t<span class="_ _1"></span>he<span class="_ _0"></span> dif<span class="_ _1"></span>ference between the contracted price and<span class="_ _0"></span> t<span class="_ _1"></span>he<span class="_ _0"></span> current market </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs61b">price, which<span class="_ _0"></span> management does not bel<span class="_ _0"></span>ieve provides<span class="_ _0"></span> meaningful information as<span class="_ _0"></span> the Group is<span class="_ _0"></span> not entering contract<span class="_ _1"></span>s wi<span class="_ _0"></span>th the intention </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs61c">of cr<span class="_ _1"></span>eat<span class="_ _1"></span>ing v<span class="_ _1"></span>alu<span class="_ _1"></span>e fro<span class="_ _1"></span>m cha<span class="_ _1"></span>nge<span class="_ _1"></span>s in ma<span class="_ _1"></span>rke<span class="_ _1"></span>t pr<span class="_ _1"></span>ice<span class="_ _1"></span>s. T<span class="_ _1"></span>he G<span class="_ _1"></span>rou<span class="_ _1"></span>p is ent<span class="_ _1"></span>er<span class="_ _1"></span>ing fo<span class="_ _1"></span>r<span class="_ _1"></span>war<span class="_ _1"></span>d con<span class="_ _1"></span>tr<span class="_ _1"></span>ac<span class="_ _1"></span>t<span class="_ _1"></span>s as ec<span class="_ _1"></span>ono<span class="_ _1"></span>mic h<span class="_ _1"></span>edg<span class="_ _1"></span>es to s<span class="_ _1"></span>ec<span class="_ _1"></span>ure p<span class="_ _1"></span>ric<span class="_ _1"></span>es a<span class="_ _1"></span>nd<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs61d">ra<span class="_ _1"></span>tes<span class="_ _1"></span>, an<span class="_ _1"></span>d loc<span class="_ _1"></span>k in va<span class="_ _1"></span>lue f<span class="_ _1"></span>or it<span class="_ _1"></span>s f<span class="_ _1"></span>utu<span class="_ _1"></span>re exp<span class="_ _1"></span>ec<span class="_ _1"></span>ted p<span class="_ _1"></span>ell<span class="_ _1"></span>et pr<span class="_ _1"></span>odu<span class="_ _1"></span>ct<span class="_ _1"></span>ion<span class="_ _1"></span>, gen<span class="_ _1"></span>er<span class="_ _1"></span>ati<span class="_ _1"></span>on or e<span class="_ _1"></span>ne<span class="_ _1"></span>rgy su<span class="_ _1"></span>ppl<span class="_ _1"></span>y ac<span class="_ _1"></span>tiv<span class="_ _1"></span>it<span class="_ _1"></span>ies<span class="_ _1"></span>. Th<span class="_ _1"></span>e ef<span class="_ _1"></span>fe<span class="_ _1"></span>ct of exc<span class="_ _1"></span>lud<span class="_ _1"></span>ing c<span class="_ _1"></span>er<span class="_ _1"></span>ta<span class="_ _1"></span>in<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs61e">rem<span class="_ _1"></span>eas<span class="_ _1"></span>ure<span class="_ _1"></span>men<span class="_ _1"></span>ts f<span class="_ _1"></span>rom A<span class="_ _1"></span>djus<span class="_ _1"></span>ted r<span class="_ _1"></span>esul<span class="_ _1"></span>t<span class="_ _1"></span>s is th<span class="_ _1"></span>at co<span class="_ _1"></span>mmo<span class="_ _1"></span>dit<span class="_ _1"></span>y s<span class="_ _1"></span>al<span class="_ _1"></span>es an<span class="_ _1"></span>d pur<span class="_ _1"></span>cha<span class="_ _1"></span>ses a<span class="_ _1"></span>re re<span class="_ _1"></span>cog<span class="_ _1"></span>nis<span class="_ _1"></span>ed in t<span class="_ _1"></span>he p<span class="_ _1"></span>eri<span class="_ _1"></span>od t<span class="_ _1"></span>hey a<span class="_ _1"></span>re int<span class="_ _1"></span>end<span class="_ _1"></span>ed to h<span class="_ _1"></span>ed<span class="_ _1"></span>ge<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs61f">at t<span class="_ _1"></span>hei<span class="_ _1"></span>r con<span class="_ _1"></span>tr<span class="_ _1"></span>ac<span class="_ _1"></span>ted p<span class="_ _1"></span>ric<span class="_ _1"></span>es i<span class="_ _1"></span>.e. at t<span class="_ _1"></span>he all<span class="_ _1"></span>-in-h<span class="_ _1"></span>edg<span class="_ _1"></span>ed a<span class="_ _1"></span>mou<span class="_ _1"></span>nt pa<span class="_ _1"></span>id or r<span class="_ _1"></span>ece<span class="_ _1"></span>ive<span class="_ _1"></span>d in res<span class="_ _1"></span>pe<span class="_ _1"></span>ct of t<span class="_ _1"></span>he de<span class="_ _1"></span>live<span class="_ _1"></span>r<span class="_ _1"></span>y of t<span class="_ _1"></span>he co<span class="_ _1"></span>mmo<span class="_ _1"></span>dit<span class="_ _1"></span>y in q<span class="_ _1"></span>ue<span class="_ _1"></span>sti<span class="_ _1"></span>on. It<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs620">als<span class="_ _1"></span>o res<span class="_ _1"></span>ult<span class="_ _1"></span>s in t<span class="_ _1"></span>he to<span class="_ _1"></span>ta<span class="_ _1"></span>l imp<span class="_ _1"></span>ac<span class="_ _1"></span>t of fin<span class="_ _1"></span>anc<span class="_ _1"></span>ial c<span class="_ _1"></span>ont<span class="_ _1"></span>ra<span class="_ _1"></span>ct<span class="_ _1"></span>s be<span class="_ _1"></span>ing r<span class="_ _1"></span>eco<span class="_ _1"></span>gnis<span class="_ _1"></span>ed i<span class="_ _1"></span>n the p<span class="_ _1"></span>er<span class="_ _1"></span>iod t<span class="_ _1"></span>he<span class="_ _1"></span>y are in<span class="_ _1"></span>ten<span class="_ _1"></span>ded t<span class="_ _1"></span>o he<span class="_ _1"></span>dge. M<span class="_ _1"></span>ana<span class="_ _1"></span>ge<span class="_ _1"></span>men<span class="_ _1"></span>t bel<span class="_ _1"></span>ieve<span class="_ _1"></span>s </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs621">this better<span class="_ _0"></span> reflect<span class="_ _1"></span>s the performance of the<span class="_ _0"></span> business as it<span class="_ _0"></span> more accurately represents the int<span class="_ _0"></span>ention for entering<span class="_ _0"></span> deriv<span class="_ _1"></span>ative<span class="_ _0"></span> cont<span class="_ _1"></span>racts<span class="_ _1"></span>.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs622">Movements on derivative financi<span class="_ _0"></span>al instrument<span class="_ _1"></span>s whi<span class="_ _0"></span>ch do not qualify for<span class="_ _0"></span> hedge accounting, or where<span class="_ _0"></span> hedge accounting is i<span class="_ _0"></span>nef<span class="_ _1"></span>fective, </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs623">are s<span class="_ _1"></span>how<span class="_ _1"></span>n in th<span class="_ _1"></span>e ta<span class="_ _1"></span>ble b<span class="_ _1"></span>el<span class="_ _1"></span>ow. Dur<span class="_ _1"></span>ing 2024 th<span class="_ _1"></span>e amo<span class="_ _1"></span>unt<span class="_ _1"></span>s re<span class="_ _1"></span>co<span class="_ _1"></span>gnis<span class="_ _1"></span>ed we<span class="_ _1"></span>re pr<span class="_ _1"></span>edo<span class="_ _1"></span>min<span class="_ _1"></span>ant<span class="_ _1"></span>ly d<span class="_ _1"></span>ue to f<span class="_ _1"></span>air v<span class="_ _1"></span>alu<span class="_ _1"></span>e gai<span class="_ _1"></span>ns rec<span class="_ _1"></span>og<span class="_ _1"></span>nise<span class="_ _1"></span>d on fo<span class="_ _1"></span>reig<span class="_ _1"></span>n<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs624">exc<span class="_ _1"></span>han<span class="_ _1"></span>ge co<span class="_ _1"></span>nt<span class="_ _1"></span>ra<span class="_ _1"></span>ct<span class="_ _1"></span>s du<span class="_ _1"></span>e to th<span class="_ _1"></span>e wea<span class="_ _1"></span>keni<span class="_ _1"></span>ng of ste<span class="_ _1"></span>rl<span class="_ _1"></span>ing ag<span class="_ _1"></span>ain<span class="_ _1"></span>st th<span class="_ _1"></span>e US do<span class="_ _1"></span>llar a<span class="_ _1"></span>nd t<span class="_ _1"></span>he re<span class="_ _1"></span>alis<span class="_ _1"></span>at<span class="_ _1"></span>io<span class="_ _1"></span>n of los<span class="_ _1"></span>ses o<span class="_ _1"></span>n ma<span class="_ _1"></span>tur<span class="_ _1"></span>it<span class="_ _1"></span>y of in<span class="_ _1"></span>fla<span class="_ _1"></span>ti<span class="_ _1"></span>on an<span class="_ _1"></span>d<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs625">commodity hedges.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls9 ws5 gs626">Further details on<span class="_ _0"></span> the Group’<span class="_ _0"></span>s derivative financi<span class="_ _0"></span>al instruments are pro<span class="_ _0"></span>vided in Section 7<span class="_ _17"></span>.<span class="_ _339"> </span></div><div class="gs627"><table class="s w479 h1de" id="_2a3a5ba1-63d9-45db-85f3-e4b771eaf752"><tr><td></td><td></td><td class="t m0 x2bd h7d y5a15 ff2 fs6d fc1 sc0 ls1a0 ws1c8">Y<span class="_ _0"></span>ear ended<span class="_ _0"></span> 3<span class="_ _0"></span>1 December<span class="_ _339"> </span></td><td></td></tr><tr><td></td><td></td><td class="t m0 x1e9 h7f y5a16 ff1 fs6d fc1 sc0 lsc5 ws3e">20<span class="_ _1"></span>24<span class="_ _339"> </span></td><td class="t m0 x1ea h7d y5a16 ff2 fs6d fc1 sc0 lsb3 wsc7">2023<span class="_ _339"> </span></td></tr><tr><td></td><td></td><td class="t m0 x1eb h7f y5a17 ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x1ec h7d y5a17 ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td></tr><tr><td class="t m0 x2b2 h5 y5a18 ff1 fs3 fc1 sc0 ls8a ws5">Exceptional items:<span class="_ _339"> </span></td><td></td><td></td><td></td></tr><tr><td class="c n x1ee y5a19 w47a h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls98 ws4">Opus Energy<span class="_ _0"></span> sale of meter<span class="_ _0"></span> point<span class="_ _1"></span>s and<span class="_ _0"></span> restru<span class="_ _1"></span>cturing<span class="_ _339"> </span></div></td><td></td><td class="c n x873 y5a19 w47b h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls11 ws7d">(59.<span class="_ _1"></span>5)<span class="_ _339"> </span></div></td><td class="c n x874 y5a19 w59 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a1a w47c h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls98 ws4">2023</div></td><td class="c n x875 y5a1a w47d h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls98 ws4">Opus Energy<span class="_ _0"></span> impairment<span class="_ _339"> </span></div></td><td class="c n x450 y5a1a w56 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x876 y5a1a w47e h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls76 ws7f">(<span class="_ _9"></span>6<span class="_ _14"></span>9<span class="_ _9"></span>.1<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a1b w47f h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls54 ws2">Ne<span class="_ _1"></span>t cre<span class="_ _1"></span>dit fr<span class="_ _1"></span>om le<span class="_ _1"></span>gal c<span class="_ _1"></span>lai<span class="_ _1"></span>m<span class="_ _339"> </span></div></td><td></td><td class="c n x746 y5a1b w56 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x877 y5a1b w480 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls92 wsbb">13<span class="_ _1"></span>.7<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a1c w481 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls8a ws5">Change in<span class="_ _0"></span> fair value o<span class="_ _0"></span>f contingent cons<span class="_ _0"></span>iderat<span class="_ _1"></span>ion<span class="_ _339"> </span></div></td><td></td><td class="c n x878 y5a1c w56 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x879 y5a1c w482 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls73 wsa9">(18<span class="_ _9"></span>.<span class="_ _9"></span>2)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a1d w483 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls54 ws2">Exc<span class="_ _1"></span>ep<span class="_ _1"></span>tio<span class="_ _1"></span>nal i<span class="_ _1"></span>te<span class="_ _1"></span>ms in<span class="_ _1"></span>clu<span class="_ _1"></span>ded w<span class="_ _1"></span>it<span class="_ _1"></span>hin o<span class="_ _1"></span>per<span class="_ _1"></span>at<span class="_ _1"></span>ing p<span class="_ _1"></span>rofi<span class="_ _1"></span>t and p<span class="_ _1"></span>rofi<span class="_ _1"></span>t bef<span class="_ _1"></span>ore t<span class="_ _1"></span>a<span class="_ _1"></span>x<span class="_ _339"> </span></div></td><td></td><td class="c n x87a y5a1d w484 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls11 ws7d">(<span class="_ _1"></span>59.5<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x87b y5a1d w485 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls5a ws185">(<span class="_ _1"></span>73.6)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a1e w486 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">T<span class="_ _2"></span>ax on exceptional<span class="_ _0"></span> items<span class="_ _339"> </span></div></td><td></td><td class="c n x87c y5a1e we7 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls9d wsad">14<span class="_ _1"></span>.<span class="_ _1"></span>8<span class="_ _339"> </span></div></td><td class="c n x87d y5a1e w118 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lse0 wsfe">10.<span class="_ _1"></span>8<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a1f w423 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls8a ws5">Impact of<span class="_ _0"></span> tax rate change<span class="_ _339"> </span></div></td><td></td><td class="c n x648 y5a1f w56 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x87e y5a1f w2ce h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls9a wsa8">0<span class="_ _1"></span>.7<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a20 w487 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls8a ws5">Exceptional items<span class="_ _0"></span> after tax<span class="_ _339"> </span></div></td><td></td><td class="c n x87f y5a20 w488 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls2b ws2e">(4<span class="_ _9"></span>4<span class="_ _1"></span>.7<span class="_ _9"></span>)<span class="_ _339"> </span></div></td><td class="c n x880 y5a20 w489 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls76 ws7f">(<span class="_ _9"></span>6<span class="_ _14"></span>2<span class="_ _9"></span>.1<span class="_ _9"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="t m0 x2b2 h5 y5a21 ff1 fs3 fc1 sc0 ls9c ws10">Certain remeasurements:<span class="_ _339"> </span></td><td></td><td></td><td></td></tr><tr><td class="c n x1ee y5a22 w48a h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls8a ws5">Net fair<span class="_ _0"></span> value remeasureme<span class="_ _0"></span>nt<span class="_ _1"></span>s on<span class="_ _0"></span> derivat<span class="_ _1"></span>ive<span class="_ _0"></span> contr<span class="_ _1"></span>acts included<span class="_ _0"></span> in revenue<span class="_ _339"> </span></div></td><td></td><td class="c n x881 y5a22 w48b h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls93 wsa1">11<span class="_ _1"></span>.<span class="_ _1"></span>9<span class="_ _339"> </span></div></td><td class="c n x882 y5a22 w167 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls9a wsa8">70<span class="_ _1"></span>.7<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a23 w48c h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">Net remeasur<span class="_ _0"></span>ement<span class="_ _1"></span>s real<span class="_ _0"></span>ised on maturity of derivative contracts included in r<span class="_ _0"></span>evenue<span class="_ _339"> </span></div></td><td></td><td class="c n x883 y5a23 w451 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 lsa5 wsb8">7<span class="_ _14"> </span>7.<span class="_ _9"></span>6<span class="_ _339"> </span></div></td><td class="c n x282 y5a23 w48d h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls82 wsa3">228<span class="_ _1"></span>.6<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a24 w48e h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls54 ws2">Ne<span class="_ _1"></span>t hed<span class="_ _1"></span>ge in<span class="_ _1"></span>ef<span class="_ _1"></span>fec<span class="_ _1"></span>ti<span class="_ _1"></span>vene<span class="_ _1"></span>ss r<span class="_ _1"></span>ecl<span class="_ _1"></span>ass<span class="_ _1"></span>ifie<span class="_ _1"></span>d to pr<span class="_ _1"></span>ofit o<span class="_ _1"></span>r los<span class="_ _1"></span>s inc<span class="_ _1"></span>lud<span class="_ _1"></span>ed in r<span class="_ _1"></span>even<span class="_ _1"></span>ue<span class="_ _339"> </span></div></td><td></td><td class="c n x884 y5a24 w48f h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 lse2 ws22f">(<span class="_ _0"></span>8.2<span class="_ _0"></span>)<span class="_ _339"> </span></div></td><td class="c n x885 y5a24 w2c9 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls73 wsa9">(16<span class="_ _9"></span>.<span class="_ _1"></span>4)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a25 w490 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls54 ws2">Ne<span class="_ _1"></span>t fai<span class="_ _1"></span>r val<span class="_ _1"></span>ue re<span class="_ _1"></span>mea<span class="_ _1"></span>sure<span class="_ _1"></span>me<span class="_ _1"></span>nt<span class="_ _1"></span>s on de<span class="_ _1"></span>ri<span class="_ _1"></span>vat<span class="_ _1"></span>ive c<span class="_ _1"></span>on<span class="_ _1"></span>tr<span class="_ _1"></span>act<span class="_ _1"></span>s i<span class="_ _1"></span>ncl<span class="_ _1"></span>ude<span class="_ _1"></span>d in co<span class="_ _1"></span>st of s<span class="_ _1"></span>ale<span class="_ _1"></span>s<span class="_ _339"> </span></div></td><td></td><td class="c n x886 y5a25 wb3 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls2c wsca">45.3<span class="_ _339"> </span></div></td><td class="c n x607 y5a25 w491 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls73 wsa9">(12<span class="_ _1"></span>7<span class="_ _0"></span>.<span class="_ _1"></span>0<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a26 w492 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls54 ws2">Ne<span class="_ _1"></span>t reme<span class="_ _1"></span>asu<span class="_ _1"></span>rem<span class="_ _1"></span>ent<span class="_ _1"></span>s re<span class="_ _1"></span>alis<span class="_ _1"></span>ed o<span class="_ _1"></span>n mat<span class="_ _1"></span>ur<span class="_ _1"></span>it<span class="_ _1"></span>y of de<span class="_ _1"></span>ri<span class="_ _1"></span>vat<span class="_ _1"></span>ive c<span class="_ _1"></span>ont<span class="_ _1"></span>r<span class="_ _1"></span>act<span class="_ _1"></span>s in<span class="_ _1"></span>clu<span class="_ _1"></span>de<span class="_ _1"></span>d in co<span class="_ _1"></span>st of s<span class="_ _1"></span>ale<span class="_ _1"></span>s<span class="_ _339"> </span></div></td><td></td><td class="c n x887 y5a26 w493 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls227 ws293">(<span class="_ _1"></span>1<span class="_ _1"></span>7.1<span class="_ _9"></span>)<span class="_ _339"> </span></div></td><td class="c n x888 y5a26 w494 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls8 ws8b">4<span class="_ _1"></span>4.3<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a27 w495 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls9c ws10">Certain remeasurements included<span class="_ _0"></span> within operating<span class="_ _0"></span> profit<span class="_ _339"> </span></div></td><td></td><td class="c n x889 y5a27 w1f3 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls11 ws7d">10<span class="_ _1"></span>9.5<span class="_ _339"> </span></div></td><td class="c n x88a y5a27 w60 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls28 ws93">20<span class="_ _1"></span>0.2<span class="_ _339"> </span></div></td></tr><tr><td class="t m0 x2b2 h6 y5a28 ff2 fs3 fc1 sc0 ls9 ws5">Net r<span class="_ _0"></span>emeasurements realised on<span class="_ _0"></span> maturit<span class="_ _1"></span>y o<span class="_ _0"></span>f derivative contracts included in<span class="_ _0"></span> interest payable<span class="_ _0"></span> and simil<span class="_ _0"></span>ar<span class="_ _1"></span> </td><td></td><td></td><td></td></tr><tr><td class="c n x1ee y577d w496 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls9 ws2d">charges<span class="_ _339"> </span></div></td><td></td><td class="c n x88b y577d wea h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls9d wsad">(0<span class="_ _1"></span>.6)<span class="_ _339"> </span></div></td><td class="c n x88c y577d w87 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa6 wsb9">(0<span class="_ _1"></span>.<span class="_ _1"></span>3)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y577e w497 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls8a ws5">Net fair<span class="_ _0"></span> value remeasureme<span class="_ _0"></span>nt<span class="_ _1"></span>s on<span class="_ _0"></span> derivat<span class="_ _1"></span>ive<span class="_ _0"></span> contr<span class="_ _1"></span>acts included<span class="_ _0"></span> in forei<span class="_ _0"></span>gn exchange<span class="_ _0"></span> (losses<span class="_ _0"></span>)/<span class="_ _0"></span>gains<span class="_ _339"> </span></div></td><td></td><td class="c n x88d y577e w56 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x88e y577e w10b h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls79 wsaa">4.9<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5751 w498 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls9c ws10">Certain remeasurements included<span class="_ _0"></span> in profit<span class="_ _0"></span> before tax<span class="_ _339"> </span></div></td><td></td><td class="c n x88f y5751 w1f3 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls11 ws7d">10<span class="_ _1"></span>8.9<span class="_ _339"> </span></div></td><td class="c n x890 y5751 w60 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls28 ws93">20<span class="_ _1"></span>4.8<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5752 w499 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">T<span class="_ _2"></span>ax on certain remeasurements<span class="_ _339"> </span></div></td><td></td><td class="c n x891 y5752 w453 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 lse0 wsfe">(2<span class="_ _1"></span>9.7<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x892 y5752 w49a h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls76 ws7f">(<span class="_ _9"></span>4<span class="_ _13"> </span>8<span class="_ _9"></span>.1<span class="_ _9"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5753 w423 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls8a ws5">Impact of<span class="_ _0"></span> tax rate change<span class="_ _339"> </span></div></td><td></td><td class="c n x648 y5753 w56 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x893 y5753 w365 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls76 ws7f">(<span class="_ _14"> </span>3<span class="_ _14"></span>.1<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5782 w49b h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls9c ws10">Certain remeasurements after tax<span class="_ _339"> </span></div></td><td></td><td class="c n x894 y5782 wa5 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls11 ws7d">79.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td><td class="c n x895 y5782 w2cb h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls74 wsc2">15<span class="_ _1"></span>3<span class="_ _1"></span>.<span class="_ _1"></span>6<span class="_ _339"> </span></div></td></tr><tr><td class="t m0 x2b2 h5 y5a29 ff1 fs3 fc1 sc0 ls10 ws6">Reconciliat<span class="_ _1"></span>ion of<span class="_ _0"></span> profit for the peri<span class="_ _1"></span>od:<span class="_ _339"> </span></td><td></td><td></td><td></td></tr><tr><td class="c n x1ee y570a w49c h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls98 ws4">Adjusted profit<span class="_ _0"></span> for the period<span class="_ _339"> </span></div></td><td></td><td class="c n x896 y570a w49d h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls99 wsa7">491.<span class="_ _1"></span>0<span class="_ _339"> </span></div></td><td class="c n x897 y570a wbd h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa7 wsba">4<span class="_ _1"></span>69.<span class="_ _1"></span>4<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5703 w49e h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">Exceptional items<span class="_ _0"></span> after tax<span class="_ _339"> </span></div></td><td></td><td class="c n x898 y5703 w49f h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls2b ws2e">(4<span class="_ _9"></span>4<span class="_ _9"></span>.7<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x899 y5703 w4a0 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls76 ws7f">(<span class="_ _1"></span>6<span class="_ _14"> </span>2<span class="_ _14"></span>.1<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5704 w4a1 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">Cert<span class="_ _1"></span>ain<span class="_ _0"></span> remeasurements after tax<span class="_ _339"> </span></div></td><td></td><td class="c n x89a y5704 wa5 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls11 ws7d">79.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td><td class="c n x89b y5704 w2cb h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls74 wsc2">15<span class="_ _1"></span>3<span class="_ _1"></span>.<span class="_ _1"></span>6<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5705 w4a2 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls54 ws2">T<span class="_ _0"></span>ot<span class="_ _1"></span>al p<span class="_ _1"></span>rofit f<span class="_ _1"></span>or t<span class="_ _1"></span>he pe<span class="_ _1"></span>ri<span class="_ _1"></span>od<span class="_ _339"> </span></div></td><td></td><td class="c n x89c y5705 wbc h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls9f wsb1">525.<span class="_ _1"></span>5<span class="_ _339"> </span></div></td><td class="c n x5a1 y5705 wdc h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls79 wsaa">5<span class="_ _1"></span>60<span class="_ _1"></span>.9<span class="_ _339"> </span></div></td></tr></table></div><div class="t m0 h5 ff1 fs3 fc0 sc0 ls7 ws4 gs629">Opus Energy sale<span class="_ _0"></span> of meter points and restructuring<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs62a">On 26 Ju<span class="_ _1"></span>ne 2024, th<span class="_ _1"></span>e Gro<span class="_ _1"></span>up ag<span class="_ _1"></span>ree<span class="_ _1"></span>d th<span class="_ _1"></span>e sa<span class="_ _1"></span>le (“th<span class="_ _1"></span>e tr<span class="_ _1"></span>an<span class="_ _1"></span>sa<span class="_ _1"></span>cti<span class="_ _1"></span>on”<span class="_ _1"></span>) of th<span class="_ _1"></span>e maj<span class="_ _1"></span>ori<span class="_ _1"></span>t<span class="_ _1"></span>y of it<span class="_ _1"></span>s non<span class="_ _1"></span>-co<span class="_ _1"></span>re sm<span class="_ _1"></span>all a<span class="_ _1"></span>nd me<span class="_ _1"></span>diu<span class="_ _1"></span>m-size<span class="_ _1"></span>d ent<span class="_ _1"></span>er<span class="_ _1"></span>pri<span class="_ _1"></span>se<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs62b">(<span class="_ _0"></span>SME) customer meter<span class="_ _0"></span> point<span class="_ _1"></span>s<span class="_ _0"></span> from Opus Energy<span class="_ _0"></span> to EDF<span class="_ _0"></span> Energy Customers Limited<span class="_ _0"></span> (EDF).<span class="_ _0"></span> T<span class="_ _1"></span>he sale<span class="_ _0"></span> also included the transfer o<span class="_ _0"></span>f<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs62c">rec<span class="_ _1"></span>ei<span class="_ _1"></span>vab<span class="_ _1"></span>les b<span class="_ _1"></span>al<span class="_ _1"></span>anc<span class="_ _1"></span>es re<span class="_ _1"></span>lat<span class="_ _1"></span>ed to t<span class="_ _1"></span>hes<span class="_ _1"></span>e tr<span class="_ _1"></span>an<span class="_ _1"></span>sfe<span class="_ _1"></span>rre<span class="_ _1"></span>d cust<span class="_ _1"></span>ome<span class="_ _1"></span>r me<span class="_ _1"></span>ter p<span class="_ _1"></span>oin<span class="_ _1"></span>ts<span class="_ _1"></span>. T<span class="_ _1"></span>he tr<span class="_ _1"></span>an<span class="_ _1"></span>sa<span class="_ _1"></span>ct<span class="_ _1"></span>ion w<span class="_ _1"></span>as an a<span class="_ _1"></span>ss<span class="_ _1"></span>et s<span class="_ _1"></span>ale u<span class="_ _1"></span>nde<span class="_ _1"></span>r an A<span class="_ _1"></span>ss<span class="_ _1"></span>et P<span class="_ _1"></span>urc<span class="_ _1"></span>has<span class="_ _1"></span>e </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs62d">Agreement (<span class="_ _0"></span>APA<span class="_ _0"></span>) and completed on<span class="_ _0"></span> 1 September 202<span class="_ _0"></span>4.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs62e">T<span class="_ _1"></span>he Gr<span class="_ _1"></span>oup re<span class="_ _1"></span>ce<span class="_ _1"></span>ived c<span class="_ _1"></span>ons<span class="_ _1"></span>ide<span class="_ _1"></span>ra<span class="_ _1"></span>tio<span class="_ _1"></span>n of £9.6<span class="lse wsc"> million</span> fr<span class="_ _1"></span>om EDF o<span class="_ _1"></span>n com<span class="_ _1"></span>ple<span class="_ _1"></span>ti<span class="_ _1"></span>on of t<span class="_ _1"></span>he tr<span class="_ _1"></span>an<span class="_ _1"></span>sa<span class="_ _1"></span>ct<span class="_ _1"></span>ion re<span class="_ _1"></span>la<span class="_ _1"></span>tin<span class="_ _1"></span>g to th<span class="_ _1"></span>e met<span class="_ _1"></span>er po<span class="_ _1"></span>int<span class="_ _1"></span>s a<span class="_ _1"></span>nd re<span class="_ _1"></span>late<span class="_ _1"></span>d<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs62f">cus<span class="_ _1"></span>tom<span class="_ _1"></span>er co<span class="_ _1"></span>nt<span class="_ _1"></span>ra<span class="_ _1"></span>ct<span class="_ _1"></span>s an<span class="_ _1"></span>d £<span class="_ _0"></span>4<span class="_ _1"></span>.3<span class="lse wsc"> million<span class="ls7 ws4"> relating<span class="_ _0"></span> to the provi<span class="_ _0"></span>sion of R<span class="_ _0"></span>EGOs to cov<span class="_ _0"></span>er the energy s<span class="_ _0"></span>upplied under the transferred cust<span class="_ _0"></span>omer<span class="_ _1"></span> </span></span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs630">co<span class="_ _1"></span>ntr<span class="_ _1"></span>ac<span class="_ _1"></span>t<span class="_ _1"></span>s. T<span class="_ _1"></span>he c<span class="_ _1"></span>ons<span class="_ _1"></span>ide<span class="_ _1"></span>ra<span class="_ _1"></span>tio<span class="_ _1"></span>n for t<span class="_ _1"></span>he REG<span class="_ _1"></span>Os wi<span class="_ _1"></span>ll be r<span class="_ _1"></span>eco<span class="_ _1"></span>gni<span class="_ _1"></span>sed i<span class="_ _1"></span>n line w<span class="_ _1"></span>it<span class="_ _1"></span>h the t<span class="_ _1"></span>r<span class="_ _1"></span>ans<span class="_ _1"></span>fer of t<span class="_ _1"></span>he RE<span class="_ _1"></span>GOs t<span class="_ _1"></span>o EDF<span class="_ _0"></span>.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs631">T<span class="_ _1"></span>he am<span class="_ _1"></span>oun<span class="_ _1"></span>t th<span class="_ _1"></span>e Grou<span class="_ _1"></span>p wil<span class="_ _1"></span>l rec<span class="_ _1"></span>eive f<span class="_ _1"></span>or th<span class="_ _1"></span>e tr<span class="_ _1"></span>an<span class="_ _1"></span>sfe<span class="_ _1"></span>rre<span class="_ _1"></span>d rec<span class="_ _1"></span>eiv<span class="_ _1"></span>abl<span class="_ _1"></span>es is c<span class="_ _1"></span>ont<span class="_ _1"></span>ing<span class="_ _1"></span>ent o<span class="_ _1"></span>n th<span class="_ _1"></span>e amo<span class="_ _1"></span>unt<span class="_ _1"></span>s c<span class="_ _1"></span>oll<span class="_ _1"></span>ect<span class="_ _1"></span>ed by ED<span class="_ _1"></span>F<span class="_ _2"></span>. T<span class="_ _1"></span>he t<span class="_ _1"></span>r<span class="_ _1"></span>ans<span class="_ _1"></span>fer d<span class="_ _1"></span>id<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs632">not<span class="_ gs7"> </span><span class="_ _0"></span>qualif<span class="_ _1"></span>y for<span class="_ _0"></span> derecognition under IF<span class="_ _0"></span>R<span class="_ _1"></span>S<span class="_ _0"></span> 9 as the Group<span class="_ _0"></span> had neither transferred nor r<span class="_ _0"></span>et<span class="_ _1"></span>ained s<span class="_ _0"></span>ubsta<span class="_ _1"></span>ntially<span class="_ _0"></span> all the risks and<span class="_ _0"></span> rewards </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs633">of<span class="_ gs7"> </span>ow<span class="_ _1"></span>ner<span class="_ _1"></span>shi<span class="_ _1"></span>p and h<span class="_ _1"></span>as re<span class="_ _1"></span>ta<span class="_ _1"></span>ine<span class="_ _1"></span>d con<span class="_ _1"></span>tro<span class="_ _1"></span>l of th<span class="_ _1"></span>e as<span class="_ _1"></span>set<span class="_ _1"></span>. T<span class="_ _1"></span>he re<span class="_ _1"></span>cei<span class="_ _1"></span>vab<span class="_ _1"></span>les a<span class="_ _1"></span>re re<span class="_ _1"></span>cog<span class="_ _1"></span>nis<span class="_ _1"></span>ed at f<span class="_ _1"></span>air v<span class="_ _1"></span>al<span class="_ _1"></span>ue th<span class="_ _1"></span>rou<span class="_ _1"></span>gh pro<span class="_ _1"></span>fit or l<span class="_ _1"></span>oss a<span class="_ _1"></span>s th<span class="_ _1"></span>ey are n<span class="_ _1"></span>o<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls9 ws5 gs634">longer solely<span class="_ _0"></span> payment of<span class="_ _0"></span> principal and int<span class="_ _0"></span>erest. The fair value<span class="_ _0"></span> gains and<span class="_ _0"></span> losses recognised on<span class="_ _0"></span> these receivables r<span class="_ _0"></span>eflect changes in </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs635">th<span class="_ _1"></span>e<span class="_ gs7"> </span>fa<span class="_ _1"></span>ir va<span class="_ _1"></span>lue of t<span class="_ _1"></span>he c<span class="_ _1"></span>ons<span class="_ _1"></span>ide<span class="_ _1"></span>rat<span class="_ _1"></span>io<span class="_ _1"></span>n exp<span class="_ _1"></span>ec<span class="_ _1"></span>ted to b<span class="_ _1"></span>e rec<span class="_ _1"></span>ei<span class="_ _1"></span>ved.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs636">T<span class="_ _1"></span>he Gr<span class="_ _1"></span>oup h<span class="_ _1"></span>as co<span class="_ _1"></span>mme<span class="_ _1"></span>nce<span class="_ _1"></span>d a res<span class="_ _1"></span>tr<span class="_ _1"></span>uc<span class="_ _1"></span>tur<span class="_ _1"></span>ing t<span class="_ _1"></span>o refl<span class="_ _1"></span>ect t<span class="_ _1"></span>he re<span class="_ _1"></span>du<span class="_ _1"></span>ced s<span class="_ _1"></span>ize of Op<span class="_ _1"></span>us En<span class="_ _1"></span>erg<span class="_ _1"></span>y pos<span class="_ _1"></span>t sa<span class="_ _1"></span>le an<span class="_ _1"></span>d the f<span class="_ _1"></span>ocu<span class="_ _1"></span>s on I&<span class="_ _1"></span>C cust<span class="_ _1"></span>ome<span class="_ _1"></span>rs a<span class="_ _1"></span>nd<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs637">renewables services within the Ener<span class="_ _0"></span>gy Solutions business. The Group<span class="_ _0"></span> incurred costs of<span class="_ _0"></span> redundancies in order<span class="_ _0"></span> to reduce the headcount </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs638">in t<span class="_ _1"></span>he Op<span class="_ _1"></span>us En<span class="_ _1"></span>erg<span class="_ _1"></span>y busi<span class="_ _1"></span>nes<span class="_ _1"></span>s an<span class="_ _1"></span>d hol<span class="_ _1"></span>ds a red<span class="_ _1"></span>un<span class="_ _1"></span>dan<span class="_ _1"></span>cy pr<span class="_ _1"></span>ovis<span class="_ _1"></span>ion a<span class="_ _1"></span>t 3<span class="_ _0"></span>1 De<span class="_ _1"></span>cem<span class="_ _1"></span>be<span class="_ _1"></span>r 202<span class="_ _0"></span>4 i<span class="_ _1"></span>n resp<span class="_ _1"></span>ec<span class="_ _1"></span>t of in sc<span class="_ _1"></span>op<span class="_ _1"></span>e coll<span class="_ _1"></span>ea<span class="_ _1"></span>gue<span class="_ _1"></span>s who h<span class="_ _1"></span>ad no<span class="_ _1"></span>t yet<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs639">lef<span class="_ _1"></span>t th<span class="_ _1"></span>e Gro<span class="_ _1"></span>up. S<span class="_ _1"></span>ee n<span class="_ _1"></span>ote 5.3 for f<span class="_ _1"></span>ur<span class="_ _1"></span>th<span class="_ _1"></span>er d<span class="_ _1"></span>et<span class="_ _1"></span>ails<span class="_ _1"></span>.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs63a">Cert<span class="_ _1"></span>ain<span class="_ _0"></span> asse<span class="_ _1"></span>ts, including<span class="_ _0"></span> prepaid commissions and<span class="_ _0"></span> soft<span class="_ _1"></span>ware ha<span class="_ _0"></span>ve been impaired<span class="_ _0"></span> due to the reduced<span class="_ _0"></span> f<span class="_ _1"></span>uture<span class="_ _0"></span> economic benefit expected </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs63b">to b<span class="_ _1"></span>e obt<span class="_ _1"></span>ai<span class="_ _1"></span>ned f<span class="_ _1"></span>rom t<span class="_ _1"></span>hes<span class="_ _1"></span>e as<span class="_ _1"></span>set<span class="_ _1"></span>s fo<span class="_ _1"></span>llo<span class="_ _1"></span>wing t<span class="_ _1"></span>he t<span class="_ _1"></span>ra<span class="_ _1"></span>ns<span class="_ _1"></span>ac<span class="_ _1"></span>tio<span class="_ _1"></span>n.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs63c">With a si<span class="_ _0"></span>gnific<span class="_ _1"></span>antly reduced<span class="_ _0"></span> number of cust<span class="_ _0"></span>omer<span class="_ _1"></span>s t<span class="_ _0"></span>o cover the<span class="_ _0"></span> cost base of<span class="_ _0"></span> t<span class="_ _1"></span>he<span class="_ _0"></span> remaining Opus<span class="_ _0"></span> Energy business, a<span class="_ _0"></span> number of sales </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs63d">co<span class="_ _1"></span>ntr<span class="_ _1"></span>ac<span class="_ _1"></span>t<span class="_ _1"></span>s are j<span class="_ _1"></span>udg<span class="_ _1"></span>ed to b<span class="_ _1"></span>e one<span class="_ _1"></span>rou<span class="_ _1"></span>s and a<span class="_ _1"></span>n one<span class="_ _1"></span>rou<span class="_ _1"></span>s con<span class="_ _1"></span>tr<span class="_ _1"></span>ac<span class="_ _1"></span>ts p<span class="_ _1"></span>rovi<span class="_ _1"></span>sio<span class="_ _1"></span>n has t<span class="_ _1"></span>her<span class="_ _1"></span>efor<span class="_ _1"></span>e bee<span class="_ _1"></span>n rec<span class="_ _1"></span>ogn<span class="_ _1"></span>ise<span class="_ _1"></span>d. S<span class="_ _1"></span>ee no<span class="_ _1"></span>te 5.3 for f<span class="_ _1"></span>ur<span class="_ _1"></span>th<span class="_ _1"></span>er de<span class="_ _1"></span>ta<span class="_ _1"></span>ils<span class="_ _1"></span>.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs63e">An a<span class="_ _1"></span>ddi<span class="_ _1"></span>ti<span class="_ _1"></span>ona<span class="_ _1"></span>l imp<span class="_ _1"></span>air<span class="_ _1"></span>me<span class="_ _1"></span>nt ch<span class="_ _1"></span>arg<span class="_ _1"></span>e has b<span class="_ _1"></span>een r<span class="_ _1"></span>eco<span class="_ _1"></span>gni<span class="_ _1"></span>sed a<span class="_ _1"></span>s a res<span class="_ _1"></span>ult of l<span class="_ _1"></span>ower e<span class="_ _1"></span>xpe<span class="_ _1"></span>cte<span class="_ _1"></span>d rec<span class="_ _1"></span>ove<span class="_ _1"></span>rie<span class="_ _1"></span>s on t<span class="_ _1"></span>he re<span class="_ _1"></span>ta<span class="_ _1"></span>ine<span class="_ _1"></span>d rec<span class="_ _1"></span>eiv<span class="_ _1"></span>abl<span class="_ _1"></span>es du<span class="_ _1"></span>e fro<span class="_ _1"></span>m<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs63f">loss customers<span class="_ _0"></span> (<span class="_ _0"></span>customers who are<span class="_ _0"></span> no longer supplied<span class="_ _0"></span> by Opus E<span class="_ _0"></span>nergy)<span class="_ _0"></span> due to the<span class="_ _0"></span> t<span class="_ _1"></span>ransaction and restructuring.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs640">T<span class="_ _1"></span>he ga<span class="_ _1"></span>ins an<span class="_ _1"></span>d los<span class="_ _1"></span>se<span class="_ _1"></span>s des<span class="_ _1"></span>cr<span class="_ _1"></span>ibe<span class="_ _1"></span>d ab<span class="_ _1"></span>ove t<span class="_ _1"></span>hat h<span class="_ _1"></span>ave be<span class="_ _1"></span>en re<span class="_ _1"></span>co<span class="_ _1"></span>gnis<span class="_ _1"></span>ed in t<span class="_ _1"></span>he p<span class="_ _1"></span>er<span class="_ _1"></span>iod o<span class="_ _1"></span>n the t<span class="_ _1"></span>r<span class="_ _1"></span>ans<span class="_ _1"></span>ac<span class="_ _1"></span>tio<span class="_ _1"></span>n an<span class="_ _1"></span>d rela<span class="_ _1"></span>ted r<span class="_ _1"></span>est<span class="_ _1"></span>ru<span class="_ _1"></span>ct<span class="_ _1"></span>uri<span class="_ _1"></span>ng hav<span class="_ _1"></span>e bee<span class="_ _1"></span>n<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs641">classified as ex<span class="_ _0"></span>ceptional. Further details of<span class="_ _0"></span> the amounts recognised as ex<span class="_ _0"></span>ceptional are detailed below:<span class="_ _339"> </span></div><div class="gs642"><table class="s w4a3 h1df" id="_24376042-578e-44b2-b58c-7fce89f44a25"><tr><td></td><td class="t m0 x89d h7f y5a2a ff1 fs6d fc1 sc0 ls1eb wsf3">Y<span class="_ _0"></span>ear ended </td></tr><tr><td></td><td class="t m0 x89e h7f y5a2b ff1 fs6d fc1 sc0 ls13f ws2">31<span class="_ gs443"> </span>Dec<span class="_ _1"></span>em<span class="_ _1"></span>be<span class="_ _1"></span>r 2024<span class="_ _339"> </span></td></tr><tr><td></td><td class="t m0 x1ec h7f y5a2c ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td></tr><tr><td class="c n x1ee y5a2d w4a4 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">Consideration allocated to the<span class="_ _0"></span> customer meter points<span class="_ _339"> </span></div></td><td class="c n x89f y5a2d w4a5 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls11 ws7d">9.6<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a2e w4a6 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls54 ws2">Ne<span class="_ _1"></span>t ass<span class="_ _1"></span>et<span class="_ _1"></span>s dis<span class="_ _1"></span>pos<span class="_ _1"></span>ed of d<span class="_ _1"></span>ire<span class="_ _1"></span>ctl<span class="_ _1"></span>y rel<span class="_ _1"></span>ate<span class="_ _1"></span>d to th<span class="_ _1"></span>e tr<span class="_ _1"></span>an<span class="_ _1"></span>sfe<span class="_ _1"></span>rred c<span class="_ _1"></span>ust<span class="_ _1"></span>ome<span class="_ _1"></span>rs<span class="_ _339"> </span></div></td><td class="c n x8a0 y5a2e w419 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls9b wsab">(8<span class="_ _1"></span>.4)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a2f w4a7 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls54 ws2">Pro<span class="_ _1"></span>fit o<span class="_ _1"></span>n dis<span class="_ _1"></span>pos<span class="_ _1"></span>al of c<span class="_ _1"></span>us<span class="_ _1"></span>tom<span class="_ _1"></span>er me<span class="_ _1"></span>te<span class="_ _1"></span>r poi<span class="_ _1"></span>nt<span class="_ _1"></span>s <span class="ff2">– inc<span class="_ _1"></span>lud<span class="_ _1"></span>ed in o<span class="_ _1"></span>th<span class="_ _1"></span>er ga<span class="_ _1"></span>ins a<span class="_ _1"></span>nd los<span class="_ _1"></span>se<span class="_ _1"></span>s<span class="_ _339"> </span></span></div></td><td class="c n x8a1 y5a2f w26b h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls99 wsa7">1.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td></tr><tr><td class="t m0 x2b2 h5 y5a30 ff1 fs3 fc1 sc0 ls54 ws2">Ot<span class="_ _1"></span>he<span class="_ _1"></span>r los<span class="_ _1"></span>ses i<span class="_ _1"></span>ncu<span class="_ _1"></span>rr<span class="_ _1"></span>ed as a d<span class="_ _1"></span>ire<span class="_ _1"></span>ct re<span class="_ _1"></span>sul<span class="_ _1"></span>t of th<span class="_ _1"></span>e tr<span class="_ _1"></span>an<span class="_ _1"></span>sa<span class="_ _1"></span>cti<span class="_ _1"></span>on an<span class="_ _1"></span>d res<span class="_ _1"></span>tr<span class="_ _1"></span>uc<span class="_ _1"></span>tur<span class="_ _1"></span>ing<span class="_ _339"> </span></td><td></td></tr><tr><td class="t m0 x2b2 h6 y5a31 ff2 fs3 fc1 sc0 ls98 ws4">Onerous contracts provision,<span class="_ _0"></span> impairm<span class="_ _1"></span>ent<span class="_ _0"></span> of prepaid commissi<span class="_ _0"></span>ons and final commi<span class="_ _0"></span>ssion settlement on retained </td><td></td></tr><tr><td class="c n x1ee y5a32 w4a8 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls54 ws2">cus<span class="_ _1"></span>tom<span class="_ _1"></span>er<span class="_ _1"></span>s – inc<span class="_ _1"></span>lud<span class="_ _1"></span>ed in c<span class="_ _1"></span>ost of s<span class="_ _1"></span>al<span class="_ _1"></span>es<span class="_ _339"> </span></div></td><td class="c n x8a2 y5a32 w457 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls82 wsa3">(23.3)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a33 w4a9 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls8a ws5">Redundancy<span class="_ _0"></span>, transaction and m<span class="_ _0"></span>igrat<span class="_ _1"></span>ion<span class="_ _0"></span> cost<span class="_ _1"></span>s<span class="_ _0"></span> – included in<span class="_ _0"></span> operating and admini<span class="_ _0"></span>str<span class="_ _1"></span>ative<span class="_ _0"></span> expenses<span class="_ _339"> </span></div></td><td class="c n x8a3 y5a33 w94 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls9b wsab">(9.<span class="_ _1"></span>2)<span class="_ _339"> </span></div></td></tr><tr><td class="c x1ee y5a34 w4aa h1bf"><div class="t m0 x1ed h6 y582c ff2 fs3 fc1 sc0 ls54 ws2">Fair v<span class="_ _1"></span>alu<span class="_ _1"></span>e los<span class="_ _1"></span>ses o<span class="_ _1"></span>n rec<span class="_ _1"></span>eiv<span class="_ _1"></span>ab<span class="_ _1"></span>les re<span class="_ _1"></span>lat<span class="_ _1"></span>in<span class="_ _1"></span>g to tr<span class="_ _1"></span>an<span class="_ _1"></span>sfe<span class="_ _1"></span>rre<span class="_ _1"></span>d cust<span class="_ _1"></span>ome<span class="_ _1"></span>rs (se<span class="_ _1"></span>e not<span class="_ _1"></span>e 3.5<span class="_ _0"></span>) – i<span class="_ _1"></span>ncl<span class="_ _1"></span>ude<span class="_ _1"></span>d in op<span class="_ _1"></span>er<span class="_ _1"></span>at<span class="_ _1"></span>ing a<span class="_ _1"></span>nd<span class="_ _339"> </span></div><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls9 ws8">administr<span class="_ _1"></span>ative expenses<span class="_ _339"> </span></div></td><td class="c n x8a4 y5a34 w4ab h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls226 ws292">(12<span class="_ _1"></span>.<span class="_ _1"></span>9<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c x1ee y5a35 w4ac h1c0"><div class="t m0 x1ed h6 y5802 ff2 fs3 fc1 sc0 ls54 ws2">Ad<span class="_ _1"></span>dit<span class="_ _1"></span>ion<span class="_ _1"></span>al im<span class="_ _1"></span>pai<span class="_ _1"></span>rm<span class="_ _1"></span>ent of r<span class="_ _1"></span>ece<span class="_ _1"></span>iva<span class="_ _1"></span>ble<span class="_ _1"></span>s rel<span class="_ _1"></span>at<span class="_ _1"></span>ing to r<span class="_ _1"></span>et<span class="_ _1"></span>ain<span class="_ _1"></span>ed cu<span class="_ _1"></span>stom<span class="_ _1"></span>er<span class="_ _1"></span>s (<span class="_ _0"></span>s<span class="_ _1"></span>ee no<span class="_ _1"></span>te 3.5) – inc<span class="_ _1"></span>lud<span class="_ _1"></span>ed in i<span class="_ _1"></span>mp<span class="_ _1"></span>air<span class="_ _1"></span>men<span class="_ _1"></span>t los<span class="_ _1"></span>ses o<span class="_ _1"></span>n<span class="_ _339"> </span></div><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">financial assets<span class="_ _339"> </span></div></td><td class="c n x8a5 y5a35 w4ab h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls226 ws292">(12<span class="_ _1"></span>.<span class="_ _1"></span>7<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y57c7 w4ad h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">Impairment of<span class="_ _0"></span> non-current assets (<span class="_ _0"></span>see note 2.<span class="_ _0"></span>4)<span class="_ _0"></span> – included in<span class="_ _0"></span> impairment of non-curr<span class="_ _0"></span>ent asset<span class="_ _1"></span>s<span class="_ _339"> </span></div></td><td class="c n x8a6 y57c7 w5d h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls206 wsf4">(2<span class="_ _1"></span>.6<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5705 w4ae h1b3"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls54 ws2">Ne<span class="_ _1"></span>t los<span class="_ _1"></span>s rec<span class="_ _1"></span>ogn<span class="_ _1"></span>is<span class="_ _1"></span>ed as a r<span class="_ _1"></span>esu<span class="_ _1"></span>lt of t<span class="_ _1"></span>he t<span class="_ _1"></span>ran<span class="_ _1"></span>sa<span class="_ _1"></span>ct<span class="_ _1"></span>ion<span class="_ _339"> </span></div></td><td class="c n x8a7 y5705 w4af h1b3"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls11 ws7d">(59.5)<span class="_ _339"> </span></div></td></tr></table></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs643">A<span class="_ _1"></span>s pa<span class="_ _1"></span>rt of t<span class="_ _1"></span>he t<span class="_ _1"></span>ra<span class="_ _1"></span>ns<span class="_ _1"></span>act<span class="_ _1"></span>io<span class="_ _1"></span>n, th<span class="_ _1"></span>e Op<span class="_ _1"></span>us Ene<span class="_ _1"></span>rgy h<span class="_ _1"></span>edg<span class="_ _1"></span>e bo<span class="_ _1"></span>ok<span class="_ _1"></span>, to pu<span class="_ _1"></span>rch<span class="_ _1"></span>ase p<span class="_ _1"></span>ower a<span class="_ _1"></span>nd g<span class="_ _1"></span>as to su<span class="_ _1"></span>ppl<span class="_ _1"></span>y to it<span class="_ _1"></span>s cu<span class="_ _1"></span>sto<span class="_ _1"></span>mer<span class="_ _1"></span>s, w<span class="_ _1"></span>as t<span class="_ _1"></span>ra<span class="_ _1"></span>nsfe<span class="_ _1"></span>rre<span class="_ _1"></span>d to<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs644">EDF<span class="_ _2"></span>. Prior to<span class="_ _0"></span> the tr<span class="_ _1"></span>ansaction these trades were<span class="_ _0"></span> all intercompany<span class="_ _0"></span> bet<span class="_ _1"></span>ween the Biomass<span class="_ _0"></span> Gener<span class="_ _1"></span>ation bus<span class="_ _0"></span>iness and Opus Energy<span class="_ _0"></span> and<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs645">wer<span class="_ _1"></span>e the<span class="_ _1"></span>refo<span class="_ _1"></span>re el<span class="_ _1"></span>imin<span class="_ _1"></span>ate<span class="_ _1"></span>d on c<span class="_ _1"></span>ons<span class="_ _1"></span>olid<span class="_ _1"></span>at<span class="_ _1"></span>ion<span class="_ _1"></span>. As t<span class="_ _1"></span>he h<span class="_ _1"></span>edg<span class="_ _1"></span>e bo<span class="_ _1"></span>ok wa<span class="_ _1"></span>s tr<span class="_ _1"></span>ans<span class="_ _1"></span>fer<span class="_ _1"></span>red a<span class="_ _1"></span>t th<span class="_ _1"></span>e or<span class="_ _1"></span>igin<span class="_ _1"></span>al he<span class="_ _1"></span>dge<span class="_ _1"></span>d ra<span class="_ _1"></span>te to a p<span class="_ _1"></span>ar<span class="_ _1"></span>t<span class="_ _1"></span>y ext<span class="_ _1"></span>ern<span class="_ _1"></span>al to t<span class="_ _1"></span>he<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs646">Gro<span class="_ _1"></span>up, t<span class="_ _1"></span>he t<span class="_ _1"></span>ra<span class="_ _1"></span>des w<span class="_ _1"></span>ere of<span class="_ _1"></span>f m<span class="_ _1"></span>ar<span class="_ _1"></span>ket an<span class="_ _1"></span>d ha<span class="_ _1"></span>d a day on<span class="_ _1"></span>e ma<span class="_ _1"></span>rk-to-m<span class="_ _1"></span>ar<span class="_ _1"></span>ket f<span class="_ _1"></span>air v<span class="_ _1"></span>alu<span class="_ _1"></span>e of £33.<span class="_ _0"></span>7<span class="lse wsc"> millio<span class="_ _1"></span>n</span>. Th<span class="_ _1"></span>is ga<span class="_ _1"></span>in has n<span class="_ _1"></span>ot b<span class="_ _1"></span>een r<span class="_ _1"></span>eco<span class="_ _1"></span>gnis<span class="_ _1"></span>ed<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs647">as<span class="_ gs7"> </span>p<span class="_ _1"></span>ar<span class="_ _1"></span>t of th<span class="_ _1"></span>e net l<span class="_ _1"></span>oss a<span class="_ _1"></span>s a res<span class="_ _1"></span>ult of t<span class="_ _1"></span>he t<span class="_ _1"></span>ra<span class="_ _1"></span>nsa<span class="_ _1"></span>ct<span class="_ _1"></span>ion<span class="_ _1"></span>, as w<span class="_ _1"></span>hilst t<span class="_ _1"></span>he c<span class="_ _1"></span>oun<span class="_ _1"></span>ter<span class="_ _1"></span>pa<span class="_ _1"></span>rt<span class="_ _1"></span>y h<span class="_ _1"></span>as ch<span class="_ _1"></span>ang<span class="_ _1"></span>ed, t<span class="_ _1"></span>he<span class="_ _1"></span>re is no i<span class="_ _1"></span>mpa<span class="_ _1"></span>ct o<span class="_ _1"></span>n the B<span class="_ _1"></span>iom<span class="_ _1"></span>as<span class="_ _1"></span>s </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs648">Ge<span class="_ _1"></span>ner<span class="_ _1"></span>at<span class="_ _1"></span>ion b<span class="_ _1"></span>usi<span class="_ _1"></span>nes<span class="_ _1"></span>s whi<span class="_ _1"></span>ch wi<span class="_ _1"></span>ll co<span class="_ _1"></span>nti<span class="_ _1"></span>nue t<span class="_ _1"></span>o sel<span class="_ _1"></span>l ene<span class="_ _1"></span>rgy. Thi<span class="_ _1"></span>s woul<span class="_ _1"></span>d have o<span class="_ _1"></span>cc<span class="_ _1"></span>urr<span class="_ _1"></span>ed ir<span class="_ _1"></span>resp<span class="_ _1"></span>ec<span class="_ _1"></span>tiv<span class="_ _1"></span>e of th<span class="_ _1"></span>e tr<span class="_ _1"></span>ans<span class="_ _1"></span>ac<span class="_ _1"></span>ti<span class="_ _1"></span>on an<span class="_ _1"></span>d as su<span class="_ _1"></span>ch t<span class="_ _1"></span>he ga<span class="_ _1"></span>in<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs649">has been pr<span class="_ _0"></span>esented within Certain remeasurements in<span class="_ _0"></span> t<span class="_ _1"></span>he<span class="_ _0"></span> C<span class="_ _1"></span>onsolidated<span class="_ _0"></span> income statement, consistent<span class="_ _0"></span> with the Group’<span class="_ _0"></span>s treatment<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls9 ws5 gs64a">of<span class="_ gs7"> </span><span class="_ _0"></span>unrealised g<span class="_ _0"></span>ains and lo<span class="_ _0"></span>s<span class="_ _1"></span>ses<span class="_ _0"></span> on unhedged derivative contracts.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs64b">Du<span class="_ _1"></span>rin<span class="_ _1"></span>g th<span class="_ _1"></span>e cur<span class="_ _1"></span>rent y<span class="_ _1"></span>ear t<span class="_ _1"></span>he G<span class="_ _1"></span>rou<span class="_ _1"></span>p had a n<span class="_ _1"></span>et c<span class="_ _1"></span>ash i<span class="_ _1"></span>nflow o<span class="_ _1"></span>f £9.6<span class="lse wsc"> million</span> in res<span class="_ _1"></span>pe<span class="_ _1"></span>ct of t<span class="_ _1"></span>he Op<span class="_ _1"></span>us En<span class="_ _1"></span>erg<span class="_ _1"></span>y tr<span class="_ _1"></span>ans<span class="_ _1"></span>ac<span class="_ _1"></span>ti<span class="_ _1"></span>on. T<span class="_ _1"></span>his c<span class="_ _1"></span>om<span class="_ _1"></span>pri<span class="_ _1"></span>sed a<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs64c">c<span class="_ _1"></span>ash in<span class="_ _1"></span>flow of £13.<span class="_ _0"></span>9<span class="lse wsc"> millio<span class="_ _1"></span>n</span> of cons<span class="_ _1"></span>ide<span class="_ _1"></span>ra<span class="_ _1"></span>tio<span class="_ _1"></span>n rec<span class="_ _1"></span>eiv<span class="_ _1"></span>ed, a n<span class="_ _1"></span>et £2.<span class="_ _1"></span>0<span class="lse wsc"> million</span> inflo<span class="_ _1"></span>w in re<span class="_ _1"></span>spe<span class="_ _1"></span>ct of d<span class="_ _1"></span>ebt a<span class="_ _1"></span>nd cr<span class="_ _1"></span>edi<span class="_ _1"></span>ts t<span class="_ _1"></span>r<span class="_ _1"></span>ans<span class="_ _1"></span>fer<span class="_ _1"></span>red to E<span class="_ _1"></span>DF<span class="_ _0"></span>, and<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs64d">a<span class="_ gs7"> </span>c<span class="_ _1"></span>ash ou<span class="_ _1"></span>t<span class="_ _1"></span>flow o<span class="_ _1"></span>f £<span class="_ _0"></span>6<span class="_ _1"></span>.3<span class="lse wsc"> million</span> in re<span class="_ _1"></span>spe<span class="_ _1"></span>ct of re<span class="_ _1"></span>dun<span class="_ _1"></span>da<span class="_ _1"></span>ncy, tr<span class="_ _1"></span>ans<span class="_ _1"></span>ac<span class="_ _1"></span>ti<span class="_ _1"></span>on an<span class="_ _1"></span>d mig<span class="_ _1"></span>rat<span class="_ _1"></span>io<span class="_ _1"></span>n cos<span class="_ _1"></span>ts p<span class="_ _1"></span>ai<span class="_ _1"></span>d out in t<span class="_ _1"></span>he ye<span class="_ _1"></span>ar<span class="_ _0"></span>. T<span class="_ _1"></span>he c<span class="_ _1"></span>as<span class="_ _1"></span>h flow<span class="_ _1"></span>s rela<span class="_ _1"></span>ti<span class="_ _1"></span>ng<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs64e">to<span class="_ gs7"> </span>t<span class="_ _1"></span>he t<span class="_ _1"></span>ran<span class="_ _1"></span>sa<span class="_ _1"></span>ct<span class="_ _1"></span>ion h<span class="_ _1"></span>ave be<span class="_ _1"></span>en re<span class="_ _1"></span>co<span class="_ _1"></span>gnis<span class="_ _1"></span>ed w<span class="_ _1"></span>ith<span class="_ _1"></span>in op<span class="_ _1"></span>er<span class="_ _1"></span>ati<span class="_ _1"></span>ng c<span class="_ _1"></span>ash fl<span class="_ _1"></span>ows i<span class="_ _1"></span>n the C<span class="_ _1"></span>on<span class="_ _1"></span>sol<span class="_ _1"></span>ida<span class="_ _1"></span>ted c<span class="_ _1"></span>as<span class="_ _1"></span>h flow st<span class="_ _1"></span>a<span class="_ _1"></span>tem<span class="_ _1"></span>ent<span class="_ _1"></span>. </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs650">For each it<span class="_ _0"></span>em designated as<span class="_ _0"></span> exceptional or as<span class="_ _0"></span> a cert<span class="_ _1"></span>ain<span class="_ _0"></span> remeasurement, the table below<span class="_ _0"></span> summarises the impact of<span class="_ _0"></span> t<span class="_ _1"></span>he<span class="_ _0"></span> item on </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs651">Adj<span class="_ _1"></span>uste<span class="_ _1"></span>d an<span class="_ _1"></span>d T<span class="_ _2"></span>o<span class="_ _1"></span>ta<span class="_ _1"></span>l pro<span class="_ _1"></span>fit af<span class="_ _1"></span>ter t<span class="_ _1"></span>ax<span class="_ _1"></span>, Ba<span class="_ _1"></span>sic EP<span class="_ _1"></span>S an<span class="_ _1"></span>d Net c<span class="_ _1"></span>as<span class="_ _1"></span>h fro<span class="_ _1"></span>m ope<span class="_ _1"></span>ra<span class="_ _1"></span>tin<span class="_ _1"></span>g ac<span class="_ _1"></span>tiv<span class="_ _1"></span>iti<span class="_ _1"></span>es<span class="_ _1"></span>.<span class="_ _339"> </span></div><div class="gs652"><table class="s w4b0 h1e0" id="_a61a4deb-f5c9-4958-9377-2ff09345c33e"><tr><td></td><td></td><td></td><td></td><td></td><td class="t m0 x8a8 h7f y5a36 ff1 fs6d fc1 sc0 lsc3 ws2">Year e<span class="_ _1"></span>nd<span class="_ _1"></span>ed 31<span class="_ gs443"> </span>De<span class="_ _1"></span>ce<span class="_ _1"></span>mb<span class="_ _1"></span>er 20<span class="_ _1"></span>24<span class="_ _339"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class="t m0 x8a9 h7f y5a37 ff1 fs6d fc1 sc0 ls13e ws157">Profit/(loss) </td><td class="t m0 x6e0 h7f y5a38 ff1 fs6d fc1 sc0 ls13e ws157">Basic </td><td class="t m0 x8aa h7f y5a39 ff1 fs6d fc1 sc0 ls1eb wsf3">Net cash<span class="_ _0"></span> from<span class="_ _339"> </span></td></tr><tr><td></td><td></td><td></td><td class="t m0 x34a h7f y5a3a ff1 fs6d fc1 sc0 ls13e ws157">Operat<span class="_ _1"></span>ing </td><td class="t m0 x8ab h7f y5a3b ff1 fs6d fc1 sc0 ls148 wsd3">Profit </td><td class="t m0 x20d h7f y5a3c ff1 fs6d fc1 sc0 ls13d ws118">T<span class="_ _0"></span>ax (<span class="_ _0"></span>charge)<span class="_ _0"></span>/<span class="_ _339"> </span></td><td class="t m0 x488 h7f y5a3d ff1 fs6d fc1 sc0 ls1eb wsf3">for the<span class="_ _339"> </span></td><td class="t m0 x2bd h7f y5a3e ff1 fs6d fc1 sc0 ls1e8 wsec">earnings/(loss) </td><td class="t m0 x8ac h7f y5a3f ff1 fs6d fc1 sc0 ls13e ws157">operating<span class="_ _339"> </span></td></tr><tr><td></td><td class="t m0 x7a1 h7f y5a40 ff1 fs6d fc1 sc0 ls13d ws156">Revenue<span class="_ _339"> </span></td><td class="t m0 x7a0 h7f y5a40 ff1 fs6d fc1 sc0 ls13e wsf1">Gross profit<span class="_ _339"> </span></td><td class="t m0 x203 h7f y5a41 ff1 fs6d fc1 sc0 ls13e ws157">profit<span class="_ _339"> </span></td><td class="t m0 x8ad h7f y5a42 ff1 fs6d fc1 sc0 ls13d ws118">before tax<span class="_ _339"> </span></td><td class="t m0 x6b9 h7f y5a43 ff1 fs6d fc1 sc0 ls14f ws66">credit<span class="_ _339"> </span></td><td class="t m0 x8ae h7f y5a44 ff1 fs6d fc1 sc0 ls14f ws66">period<span class="_ _339"> </span></td><td class="t m0 x1e9 h7f y5a45 ff1 fs6d fc1 sc0 ls14f wsc6">per share<span class="_ _339"> </span></td><td class="t m0 x699 h7f y5a46 ff1 fs6d fc1 sc0 ls15d ws17f">activities<span class="_ _339"> </span></td></tr><tr><td></td><td class="t m0 x7ab h7f y5a47 ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x7ac h7f y5a47 ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x205 h7f y5a48 ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x598 h7f y5a49 ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x7ad h7f y5a4a ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x490 h7f y5a4b ff1 fs6d fc1 sc0 ls225 ws290">£m </td><td class="t m0 x352 h7f y5a4c ff1 fs6d fc1 sc0 ls15d ws17f">Pence<span class="_ _339"> </span></td><td class="t m0 x1ec h7f y5a4d ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td></tr><tr><td class="c n x1ee y5a4e w4b1 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 lsf ws9">T<span class="_ _2"></span>o<span class="_ _1"></span>tal results IFRS measure<span class="_ _339"> </span></div></td><td class="c n x8af y5a4e w4b2 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls1d wsb2">6<span class="_ _14"> </span>,1<span class="_ _9"></span>6<span class="_ _14"></span>2<span class="_ _9"></span>.<span class="_ _14"></span>5</div></td><td class="c n x8b0 y5a4e w121 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 lse0 wsfe">1<span class="_ _1"></span>,8<span class="_ _1"></span>76<span class="_ _1"></span>.<span class="_ _1"></span>5</div></td><td class="c n x8b1 y5a4e w4b3 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls28 ws93">850.<span class="_ _1"></span>2</div></td><td class="c n x8b2 y5a4e w4b4 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls23 ws8a">7<span class="_ _1"></span>53.4</div></td><td class="c n x8b3 y5a4e wae h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls84 ws9b">(227<span class="_ _0"></span>.9<span class="_ _0"></span>)</div></td><td class="c n x8b4 y5a4e wbc h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls9f wsb1">525.<span class="_ _1"></span>5</div></td><td class="c n x8b5 y5a4e wd2 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 lsa5 wsb8">1<span class="_ _1"></span>3<span class="_ _14"></span>7.<span class="_ _9"></span>5</div></td><td class="c n x8b6 y5a4e w1f3 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls11 ws7d">859.<span class="_ _1"></span>5<span class="_ _339"> </span></div></td></tr><tr><td class="t m0 x2b2 h5 y5a4f ff1 fs3 fc1 sc0 ls9c ws10">Certain remeasurements:<span class="_ _339"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class="c x1ee y5a50 w4b5 h1bb"><div class="t m0 x1ed h6 y574d ff2 fs3 fc1 sc0 ls98 ws4">Net fair<span class="_ _0"></span> value remeasurement on<span class="_ _339"> </span></div><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls8a ws5">derivative contracts<span class="_ _339"> </span></div></td><td class="c n x8b7 y5a50 w4b6 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls99 wsa7">(81.<span class="_ _1"></span>3)</div></td><td class="c n x8b8 y5a50 w4b7 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls11 ws7d">(<span class="_ _0"></span>10<span class="_ _1"></span>9.5<span class="_ _1"></span>)</div></td><td class="c n x8b9 y5a50 w4b8 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls11 ws7d">(109.5<span class="_ _1"></span>)</div></td><td class="c n x8ba y5a50 w3f7 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls226 ws292">(1<span class="_ _1"></span>0<span class="_ _1"></span>8<span class="_ _9"></span>.<span class="_ _1"></span>9)<span class="_ _339"> </span></div></td><td class="c n x8bb y5a50 w4b9 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 lse0 wsfe">2<span class="_ _1"></span>9.7<span class="_ _339"> </span></div></td><td class="c n x8bc y5a50 w4ba h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls9b wsab">(<span class="_ _1"></span>7<span class="_ _1"></span>9.<span class="_ _1"></span>2)</div></td><td class="c n x8bd y5a50 w453 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 lse0 wsfe">(20<span class="_ _1"></span>.7<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x8be y5a50 w56 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td></tr><tr><td class="t m0 x2b2 h5 y5a51 ff1 fs3 fc1 sc0 ls8a ws5">Exceptional items:<span class="_ _339"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class="t m0 x2b2 h6 y5a52 ff2 fs3 fc1 sc0 ls98 ws4">Opus Energy<span class="_ _0"></span> sale of meter<span class="_ _0"></span> point<span class="_ _1"></span>s </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class="c n x1ee y5a35 w4bb h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls8a ws5">and res<span class="_ _0"></span>t<span class="_ _1"></span>ructuring<span class="_ _339"> </span></div></td><td class="c n x8bf y5a35 w56 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x8c0 y5a35 w4bc h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls71 wsea">23.3<span class="_ _339"> </span></div></td><td class="c n x8c1 y5a35 wa5 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls11 ws7d">59.<span class="_ _1"></span>5<span class="_ _339"> </span></div></td><td class="c n x8c2 y5a35 wa5 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls11 ws7d">59.<span class="_ _1"></span>5<span class="_ _339"> </span></div></td><td class="c n x8c3 y5a35 w4bd h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls226 ws292">(1<span class="_ _1"></span>4<span class="_ _1"></span>.<span class="_ _1"></span>8<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x8c4 y5a35 w4be h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 lse0 wsfe">4<span class="_ _9"></span>4<span class="_ _1"></span>.7<span class="_ _339"> </span></div></td><td class="c n x8c5 y5a35 w48b h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls93 wsa1">11<span class="_ _1"></span>.<span class="_ _1"></span>6<span class="_ _339"> </span></div></td><td class="c n x8c6 y5a35 w13d h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls206 wsf4">(9.6<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5704 w2d4 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 lse3 wsfc">To<span class="_ _9"></span>t<span class="_ _9"></span>a<span class="_ _9"></span>l<span class="_ _339"> </span></div></td><td class="c n x8c7 y5704 w4b6 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls99 wsa7">(81.<span class="_ _1"></span>3)</div></td><td class="c n x8c8 y5704 w144 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls9b wsab">(8<span class="_ _1"></span>6<span class="_ _1"></span>.<span class="_ _1"></span>2)</div></td><td class="c n x8c9 y5704 w4bf h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls9d wsad">(<span class="_ _1"></span>5<span class="_ _1"></span>0.<span class="_ _1"></span>0)</div></td><td class="c n x8ca y5704 w4c0 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls2b ws2e">(4<span class="_ _1"></span>9.<span class="_ _1"></span>4)<span class="_ _339"> </span></div></td><td class="c n x8cb y5704 w4c1 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls9d wsad">14<span class="_ _1"></span>.9<span class="_ _339"> </span></div></td><td class="c n x8cc y5704 w4c2 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls82 wsa3">(3<span class="_ _1"></span>4.5)<span class="_ _339"> </span></div></td><td class="c n x8cd y5704 w4c3 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls227 ws293">(<span class="_ _9"></span>9<span class="_ _9"></span>.1<span class="_ _9"></span>)<span class="_ _339"> </span></div></td><td class="c n x8ce y5704 w267 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls206 wsf4">(9.<span class="_ _1"></span>6)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5705 w4c4 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls98 ws4">Adjusted results totals<span class="_ _339"> </span></div></td><td class="c n x8cf y5705 w49 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls99 wsa7">6<span class="_ _1"></span>,<span class="_ _1"></span>0<span class="_ _1"></span>81.<span class="_ _1"></span>2</div></td><td class="c n x8d0 y5705 w5c h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls71 wsea">1,<span class="_ _0"></span>790.3</div></td><td class="c n x8d1 y5705 w8c h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 lsd wsc3">80<span class="_ _1"></span>0.2</div></td><td class="c n x8d2 y5705 w4c5 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls56 wscb">704.<span class="_ _1"></span>0</div></td><td class="c n x8d3 y5705 w4c6 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls137 ws14e">(<span class="_ _1"></span>213<span class="_ _1"></span>.<span class="_ _1"></span>0<span class="_ _1"></span>)</div></td><td class="c n x8d4 y5705 w4c7 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls99 wsa7">4<span class="_ _1"></span>91.<span class="_ _1"></span>0</div></td><td class="c n x8d5 y5705 w4c8 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 lsa3 wsb7">128<span class="_ _9"></span>.<span class="_ _1"></span>4</div></td><td class="c n x8d6 y5705 w4c9 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls11 ws7d">8<span class="_ _1"></span>49.<span class="_ _1"></span>9<span class="_ _339"> </span></div></td></tr></table></div><div class="gs653"><table class="s w4ca h1e1" id="_7b3fbb1e-ed94-47eb-8cb3-1de556fd6200"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class="t m0 x8a8 h7d y5a53 ff2 fs6d fc1 sc0 lsc3 ws2">Y<span class="_ _0"></span>e<span class="_ _1"></span>ar e<span class="_ _1"></span>nd<span class="_ _1"></span>ed 31<span class="_ gs447"> </span>De<span class="_ _1"></span>ce<span class="_ _1"></span>mb<span class="_ _1"></span>er 20<span class="_ _1"></span>23<span class="_ _339"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class="t m0 x5cc h7d y5a54 ff2 fs6d fc1 sc0 ls13e ws157">Profit/(loss) </td><td class="t m0 x6e0 h7d y5a55 ff2 fs6d fc1 sc0 ls225 ws290">Basic </td><td class="t m0 x8aa h7d y5a56 ff2 fs6d fc1 sc0 ls13f ws2">Ne<span class="_ _1"></span>t ca<span class="_ _1"></span>sh f<span class="_ _1"></span>rom<span class="_ _339"> </span></td></tr><tr><td></td><td></td><td class="c x8d8 y5a57 w4cb h1e2"><div class="t m0 x1ed h7d y5707 ff2 fs6d fc1 sc0 ls15d ws17f">Restated</div><div class="t m0 x8d7 h106 y5713 ff2 fs81 fc1 sc0 ls224 ws28f">(1)<span class="_ _339"> </span></div></td><td></td><td></td><td class="t m0 x34a h7d y5a58 ff2 fs6d fc1 sc0 ls15d ws17f">Operating </td><td class="t m0 x5f1 h7d y5a59 ff2 fs6d fc1 sc0 lsdc ws15f">Profit </td><td class="t m0 x20d h7d y5a5a ff2 fs6d fc1 sc0 ls15d wsa5">T<span class="_ _0"></span>ax (<span class="_ _0"></span>charge<span class="_ _0"></span>)/<span class="_ _339"> </span></td><td class="t m0 x8ae h7d y5a5b ff2 fs6d fc1 sc0 ls1eb wsf3">for the<span class="_ _339"> </span></td><td class="t m0 x489 h7d y5a5c ff2 fs6d fc1 sc0 ls13e ws157">earnings/(loss) </td><td class="t m0 x8d9 h7d y5a5d ff2 fs6d fc1 sc0 ls15d ws17f">operating<span class="_ _339"> </span></td></tr><tr><td></td><td></td><td class="t m0 x7a1 h7d y5a5e ff2 fs6d fc1 sc0 ls148 wsd3">Revenue<span class="_ _339"> </span></td><td></td><td class="t m0 x6dc h7d y5a5e ff2 fs6d fc1 sc0 lsdc ws161">Gross profit<span class="_ _339"> </span></td><td class="t m0 x203 h7d y5a5f ff2 fs6d fc1 sc0 lsdc ws15f">profit<span class="_ _339"> </span></td><td class="t m0 x8ad h7d y5a60 ff2 fs6d fc1 sc0 lsdc ws161">before tax<span class="_ _339"> </span></td><td class="t m0 x6b9 h7d y5a61 ff2 fs6d fc1 sc0 ls149 ws1bc">credit<span class="_ _339"> </span></td><td class="t m0 x8ae h7d y5a62 ff2 fs6d fc1 sc0 ls148 wsd3">period<span class="_ _339"> </span></td><td class="t m0 x1e9 h7d y5a63 ff2 fs6d fc1 sc0 ls15d wsa5">per share<span class="_ _339"> </span></td><td class="t m0 x699 h7d y5a64 ff2 fs6d fc1 sc0 ls15d ws17f">activities<span class="_ _339"> </span></td></tr><tr><td></td><td></td><td class="t m0 x7ab h7d y5a65 ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td></td><td class="t m0 x7ac h7d y5a65 ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x205 h7d y5a66 ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x598 h7d y5a67 ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x7ad h7d y5a68 ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x490 h7d y5a69 ff2 fs6d fc1 sc0 ls225 ws290">£m </td><td class="t m0 x352 h7d y5a6a ff2 fs6d fc1 sc0 ls1eb ws45">Pence<span class="_ _339"> </span></td><td class="t m0 x1ec h7d y5a6b ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td></tr><tr><td class="c n x1ee y5a6c w4b1 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 lsf ws9">T<span class="_ _2"></span>o<span class="_ _1"></span>tal results IFRS measure<span class="_ _339"> </span></div></td><td></td><td class="c n x583 y5a6c w2e6 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls1d wsb2">7,<span class="_ _9"></span>7<span class="_ _14"> </span>3<span class="_ _9"></span>3<span class="_ _9"></span>.<span class="_ _14"> </span>2<span class="_ _339"> </span></div></td><td></td><td class="c n x8da y5a6c w15c h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls1f ws79">1,9<span class="_ _1"></span>53.<span class="_ _1"></span>6</div></td><td class="c n x8db y5a6c w91 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsb6 wsfd">908.2</div></td><td class="c n x8b2 y5a6c w4cc h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsb8 ws182">796.4</div></td><td class="c n x8dc y5a6c w4cd h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls79 wsaa">(2<span class="_ _1"></span>35.5)</div></td><td class="c n x8dd y5a6c w4ce h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls79 wsaa">56<span class="_ _1"></span>0.9</div></td><td class="c n x8de y5a6c w38e h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsa6 wsb9">14<span class="_ _1"></span>2<span class="_ _1"></span>.<span class="_ _1"></span>8</div></td><td class="c n x8df y5a6c w397 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lse0 wsfe">835<span class="_ _1"></span>.6<span class="_ _339"> </span></div></td></tr><tr><td class="t m0 x2b2 h5 y5a6d ff1 fs3 fc1 sc0 ls9c ws10">Certain remeasurements:<span class="_ _339"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class="c x1ee y5a6e w4b5 h1bf"><div class="t m0 x1ed h6 y582c ff2 fs3 fc1 sc0 ls98 ws4">Net fair<span class="_ _0"></span> value remeasurement on<span class="_ _339"> </span></div><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls8a ws5">derivative contracts<span class="_ _339"> </span></div></td><td></td><td class="c n x8e0 y5a6e w4cf h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls78 wsb0">(<span class="_ _0"></span>282.9<span class="_ _0"></span>)<span class="_ _339"> </span></div></td><td></td><td class="c n x8e1 y5a6e w4d0 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls28 ws93">(200.2)</div></td><td class="c n x8e2 y5a6e w4d0 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls28 ws93">(200.2)</div></td><td class="c n x8e3 y5a6e w4d1 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls75 ws23">(2<span class="_ _1"></span>0<span class="_ _1"></span>4<span class="_ _1"></span>.<span class="_ _1"></span>8)<span class="_ _339"> </span></div></td><td class="c n x8e4 y5a6e w35b h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls76 ws7f">4<span class="_ _13"> </span>8<span class="_ _9"></span>.1</div></td><td class="c n x8e5 y5a6e w4d2 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls74 wsc2">(15<span class="_ _1"></span>6<span class="_ _1"></span>.<span class="_ _1"></span>7<span class="_ _1"></span>)</div></td><td class="c n x8e6 y5a6e w53 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls9a wsa8">(<span class="_ _1"></span>39<span class="_ _1"></span>.7<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x8e7 y5a6e w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a6f w423 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls8a ws5">Impact of<span class="_ _0"></span> tax rate change<span class="_ _339"> </span></div></td><td></td><td class="c n x8e8 y5a6f w17f h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td></td><td class="c n x8e9 y5a6f w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x8ea y5a6f w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x8eb y5a6f w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x8ec y5a6f w3c h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls76 ws7f">3<span class="_ _9"></span>.1<span class="_ _339"> </span></div></td><td class="c n x8ed y5a6f w3ca h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls76 ws7f">3<span class="_ _14"> </span>.1<span class="_ _339"> </span></div></td><td class="c n x8ee y5a6f w370 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls28 ws93">0.8<span class="_ _339"> </span></div></td><td class="c n x8ef y5a6f w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td></tr><tr><td class="t m0 x2b2 h5 y5a70 ff1 fs3 fc1 sc0 ls8a ws5">Exceptional items:<span class="_ _339"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class="c n x1ee y5a71 w47c h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">2023</div></td><td class="c n x875 y5a71 w47d h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">Opus Energy<span class="_ _0"></span> impairment<span class="_ _339"> </span></div></td><td class="c n x85c y5a71 w17f h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td></td><td class="c n x8f0 y5a71 w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x8f1 y5a71 w4d3 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls76 ws7f">6<span class="_ _9"></span>9<span class="_ _9"></span>.1<span class="_ _339"> </span></div></td><td class="c n x8f2 y5a71 w15e h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls76 ws7f">6<span class="_ _9"></span>9<span class="_ _14"></span>.1<span class="_ _339"> </span></div></td><td class="c n x8f3 y5a71 w90 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls73 wsa9">(13<span class="_ _1"></span>.<span class="_ _1"></span>5<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x8f4 y5a71 w4d4 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa7 wsba">55.6<span class="_ _339"> </span></div></td><td class="c n x8f5 y5a71 w15e h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls76 ws7f">1<span class="_ _9"></span>4<span class="_ _14"> </span>.1<span class="_ _339"> </span></div></td><td class="c n x8f6 y5a71 w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a72 w47f h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls54 ws2">Ne<span class="_ _1"></span>t cre<span class="_ _1"></span>dit fr<span class="_ _1"></span>om le<span class="_ _1"></span>gal c<span class="_ _1"></span>lai<span class="_ _1"></span>m<span class="_ _339"> </span></div></td><td></td><td class="c n x8f7 y5a72 w17f h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td></td><td class="c n x8f8 y5a72 w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x8f9 y5a72 w2c9 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls73 wsa9">(13<span class="_ _1"></span>.7<span class="_ _9"></span>)</div></td><td class="c n x8fa y5a72 w2c9 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls73 wsa9">(13<span class="_ _1"></span>.7<span class="_ _9"></span>)<span class="_ _339"> </span></div></td><td class="c n x8fb y5a72 w362 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls9a wsa8">2<span class="_ _1"></span>.7<span class="_ _339"> </span></div></td><td class="c n x8fc y5a72 w4d5 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls21 wsb3">(11<span class="_ _1"></span>.<span class="_ _1"></span>0<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x8fd y5a72 w98 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls75 ws23">(2.<span class="_ _1"></span>8)<span class="_ _339"> </span></div></td><td class="c n x8fe y5a72 w98 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls75 ws23">(9.<span class="_ _1"></span>3)<span class="_ _339"> </span></div></td></tr><tr><td class="t m0 x2b2 h6 y5a73 ff2 fs3 fc1 sc0 ls54 ws2">Cha<span class="_ _1"></span>ng<span class="_ _1"></span>e in fa<span class="_ _1"></span>ir va<span class="_ _1"></span>lue of c<span class="_ _1"></span>on<span class="_ _1"></span>tin<span class="_ _1"></span>gen<span class="_ _1"></span>t </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class="c n x1ee y570a w4d6 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls8a wsac">consideration<span class="_ _339"> </span></div></td><td></td><td class="c n x8ff y570a w17f h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td></td><td class="c n x900 y570a w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x901 y570a w119 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa6 wsb9">18<span class="_ _1"></span>.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td><td class="c n x902 y570a w119 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa6 wsb9">18<span class="_ _1"></span>.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td><td class="c n x903 y570a w180 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x904 y570a w4d7 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa6 wsb9">18<span class="_ _1"></span>.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td><td class="c n x905 y570a wf4 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls82 wsa3">4.6<span class="_ _339"> </span></div></td><td class="c n x6fb y570a w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y570b w423 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls8a ws5">Impact of<span class="_ _0"></span> tax rate change<span class="_ _339"> </span></div></td><td></td><td class="c n x8e8 y570b w17f h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td></td><td class="c n x8e9 y570b w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x8ea y570b w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x8eb y570b w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x906 y570b w429 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls9a wsa8">(<span class="_ _1"></span>0.7<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x907 y570b w429 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls9a wsa8">(0<span class="_ _1"></span>.7<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x908 y570b w87 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa6 wsb9">(0<span class="_ _1"></span>.<span class="_ _1"></span>2)<span class="_ _339"> </span></div></td><td class="c n x8e7 y570b w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y570d w2d4 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 lse3 wsfc">To<span class="_ _9"></span>t<span class="_ _9"></span>a<span class="_ _9"></span>l<span class="_ _339"> </span></div></td><td></td><td class="c n x909 y570d w4d8 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls78 wsb0">(282.<span class="_ _0"></span>9)<span class="_ _339"> </span></div></td><td></td><td class="c n x90a y570d w4d9 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls28 ws93">(200.<span class="_ _1"></span>2<span class="_ _0"></span>)</div></td><td class="c n x90b y570d w4da h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls73 wsa9">(12<span class="_ _1"></span>6<span class="_ _9"></span>.<span class="_ _1"></span>6<span class="_ _1"></span>)</div></td><td class="c n x90c y570d w4db h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls74 wsc2">(131<span class="_ _1"></span>.<span class="_ _1"></span>2<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x90d y570d w167 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls9a wsa8">3<span class="_ _1"></span>9.7<span class="_ _339"> </span></div></td><td class="c n x90e y570d w4dc h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa1 wsb5">(9<span class="_ _1"></span>1.5<span class="_ _1"></span>)</div></td><td class="c n x90f y570d w79 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls75 ws23">(23<span class="_ _1"></span>.<span class="_ _1"></span>2)<span class="_ _339"> </span></div></td><td class="c n x910 y570d w41d h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls75 ws23">(9<span class="_ _1"></span>.3<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5705 w4c4 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls98 ws4">Adjusted results totals<span class="_ _339"> </span></div></td><td></td><td class="c n x911 y5705 w2e3 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls1d wsb2">7,</div></td><td class="c n x912 y5705 w4dd h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls1d wsb2">4<span class="_ _1"></span>5<span class="_ _14"> </span>0<span class="_ _9"></span>.<span class="_ _14"></span>3</div></td><td class="c n x913 y5705 w4de h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsd4 ws101">1,75<span class="_ _1"></span>3<span class="_ _1"></span>.4</div></td><td class="c n x914 y5705 w4df h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa1 wsb5">78<span class="_ _1"></span>1.6</div></td><td class="c n x915 y5705 w4e0 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls5a ws185">665<span class="_ _1"></span>.2</div></td><td class="c n x916 y5705 waf h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls73 wsa9">(19<span class="_ _1"></span>5<span class="_ _1"></span>.<span class="_ _9"></span>8)</div></td><td class="c n x917 y5705 w4e1 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa7 wsba">4<span class="_ _1"></span>69.4<span class="_ _339"> </span></div></td><td class="c n x918 y5705 w4e2 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls21 wsb3">11<span class="_ _1"></span>9<span class="_ _1"></span>.<span class="_ _1"></span>6</div></td><td class="c n x919 y5705 wa6 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls23 ws8a">826<span class="_ _1"></span>.3<span class="_ _339"> </span></div></td></tr></table></div><div class="t m0 h10 ff2 fsa fc1 sc0 ls30 ws2 gs654">(1<span class="_ _0"></span>) <span class="_ _7"> </span>T<span class="_ _1"></span>h<span class="_ _1"></span>e yea<span class="_ _1"></span>r en<span class="_ _1"></span>de<span class="_ _1"></span>d 3<span class="_ _0"></span>1 D<span class="_ _1"></span>ec<span class="_ _1"></span>em<span class="_ _1"></span>be<span class="_ _1"></span>r 2023 a<span class="_ _1"></span>mo<span class="_ _1"></span>un<span class="_ _1"></span>ts a<span class="_ _1"></span>bo<span class="_ _1"></span>ve ha<span class="_ _1"></span>ve b<span class="_ _1"></span>ee<span class="_ _1"></span>n res<span class="_ _1"></span>ta<span class="_ _1"></span>te<span class="_ _1"></span>d to re<span class="_ _1"></span>fle<span class="_ _1"></span>ct t<span class="_ _1"></span>he G<span class="_ _1"></span>ro<span class="_ _1"></span>up’s r<span class="_ _1"></span>ev<span class="_ _1"></span>ise<span class="_ _1"></span>d ap<span class="_ _1"></span>pl<span class="_ _1"></span>ic<span class="_ _1"></span>at<span class="_ _1"></span>ion o<span class="_ _1"></span>f th<span class="_ _1"></span>e ag<span class="_ _1"></span>ent r<span class="_ _1"></span>eq<span class="_ _1"></span>ui<span class="_ _1"></span>rem<span class="_ _1"></span>en<span class="_ _1"></span>ts o<span class="_ _1"></span>f IFR<span class="_ _1"></span>S 15 to sl<span class="_ _1"></span>eev<span class="_ _1"></span>ed<span class="_ _1"></span> </div><div class="t m0 h10 ff2 fsa fc1 sc0 ls30 ws2 gs655">el<span class="_ _1"></span>ec<span class="_ _1"></span>tr<span class="_ _1"></span>ic<span class="_ _1"></span>it<span class="_ _1"></span>y tr<span class="_ _1"></span>a<span class="_ _1"></span>des<span class="_ _1"></span>. S<span class="_ _1"></span>ee f<span class="_ _1"></span>ur<span class="_ _1"></span>th<span class="_ _1"></span>er d<span class="_ _1"></span>et<span class="_ _1"></span>ai<span class="_ _1"></span>ls of t<span class="_ _1"></span>his r<span class="_ _1"></span>es<span class="_ _1"></span>ta<span class="_ _1"></span>te<span class="_ _1"></span>men<span class="_ _1"></span>t in t<span class="_ _1"></span>he N<span class="_ _1"></span>et p<span class="_ _1"></span>res<span class="_ _1"></span>en<span class="_ _1"></span>ta<span class="_ _1"></span>ti<span class="_ _1"></span>on o<span class="_ _1"></span>f sle<span class="_ _1"></span>ev<span class="_ _1"></span>ed el<span class="_ _1"></span>ec<span class="_ _1"></span>tr<span class="_ _1"></span>ic<span class="_ _1"></span>it<span class="_ _1"></span>y t<span class="_ _1"></span>ra<span class="_ _1"></span>de<span class="_ _1"></span>s se<span class="_ _1"></span>ct<span class="_ _1"></span>ion o<span class="_ _1"></span>n pa<span class="_ _1"></span>ge 26<span class="_ _1"></span>6.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs657">Adj<span class="_ _1"></span>uste<span class="_ _1"></span>d EBI<span class="_ _1"></span>TDA i<span class="_ _1"></span>s a key me<span class="_ _1"></span>asu<span class="_ _1"></span>re of fin<span class="_ _1"></span>anc<span class="_ _1"></span>ial p<span class="_ _1"></span>er<span class="_ _1"></span>fo<span class="_ _1"></span>rma<span class="_ _1"></span>nc<span class="_ _1"></span>e for t<span class="_ _1"></span>he Gr<span class="_ _1"></span>oup. A r<span class="_ _1"></span>eco<span class="_ _1"></span>nc<span class="_ _1"></span>ilia<span class="_ _1"></span>tio<span class="_ _1"></span>n fro<span class="_ _1"></span>m Adju<span class="_ _1"></span>ste<span class="_ _1"></span>d ope<span class="_ _1"></span>ra<span class="_ _1"></span>tin<span class="_ _1"></span>g pro<span class="_ _1"></span>fit fro<span class="_ _1"></span>m th<span class="_ _1"></span>e </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs658">Consolidated income<span class="_ _0"></span> st<span class="_ _1"></span>atement<span class="_ _0"></span> is shown belo<span class="_ _0"></span>w:<span class="_ _339"> </span></div><div class="gs652"><table class="s w4e3 h1e3" id="_8cadc611-eb50-4d5d-b385-06b9316cc1da"><tr><td></td><td class="t m0 x5cc h7f y5a74 ff1 fs6d fc1 sc0 lsc3 ws2">Year e<span class="_ _1"></span>nd<span class="_ _1"></span>ed 31<span class="_ gs443"> </span>De<span class="_ _1"></span>ce<span class="_ _1"></span>mb<span class="_ _1"></span>er 20<span class="_ _1"></span>24<span class="_ _339"> </span></td><td></td><td></td></tr><tr><td></td><td class="t m0 x91a h7f y5a75 ff1 fs6d fc1 sc0 ls13c wsf3" colspan="2">Attributable to<span class="_ _339"> </span></td><td></td></tr><tr><td></td><td class="t m0 x6b9 h7f y5a76 ff1 fs6d fc1 sc0 ls13f ws2">Ow<span class="_ _1"></span>ne<span class="_ _1"></span>rs o<span class="_ _1"></span>f th<span class="_ _1"></span>e </td><td class="t m0 x91a h7f y5a77 ff1 fs6d fc1 sc0 ls13e ws157">Non-controlling<span class="_ _1"></span> </td><td></td></tr><tr><td></td><td class="t m0 x91b h7f y5a78 ff1 fs6d fc1 sc0 ls15d wsa5">parent company<span class="_ _339"> </span></td><td class="t m0 x761 h7f y5a79 ff1 fs6d fc1 sc0 ls13d ws156">interests<span class="_ _339"> </span></td><td class="t m0 x1ea h7f y5a79 ff1 fs6d fc1 sc0 ls22c ws29f">To<span class="_ _1"></span>t<span class="_ _1"></span>a<span class="_ _9"></span>l<span class="_ _339"> </span></td></tr><tr><td></td><td class="t m0 x5cc h7f y5a7a ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x1eb h7f y5a7b ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x1ec h7f y5a7b ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td></tr><tr><td class="c n x1ee y5755 w4e4 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls98 ws4">Adjusted operating profit/(loss<span class="_ _0"></span>)<span class="_ _339"> </span></div></td><td class="c n x91c y5755 w4c7 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls99 wsa7">8<span class="_ _1"></span>01.<span class="_ _1"></span>3<span class="_ _339"> </span></div></td><td class="c n x91d y5755 wc8 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls227 ws293">(<span class="_ _1"></span>1<span class="_ _1"></span>.1<span class="_ _9"></span>)<span class="_ _339"> </span></div></td><td class="c n x91e y5755 w8c h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 lsd wsc3">8<span class="_ _1"></span>00.2<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5940 w4e5 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls8a ws5">Depreciation and<span class="_ _0"></span> amortisat<span class="_ _1"></span>ion<span class="_ _339"> </span></div></td><td class="c n x91f y5940 w214 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls77 ws184">24<span class="_ _1"></span>0<span class="_ _1"></span>.4<span class="_ _339"> </span></div></td><td class="c n x756 y5940 w40e h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls99 wsa7">1.4<span class="_ _339"> </span></div></td><td class="c n x920 y5940 w4e6 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls138 ws56">2<span class="_ _1"></span>41.<span class="_ _1"></span>8<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5941 w4e7 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls98 ws4">Other losses<span class="_ _339"> </span></div></td><td class="c n x921 y5941 w1fb h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 lsc ws12">8.5<span class="_ _339"> </span></div></td><td class="c n x922 y5941 w56 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x923 y5941 w4e8 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 lsc ws12">8.<span class="_ _1"></span>5<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a35 w88 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls8a ws5">Share<span class="_ _0"></span> of losses fr<span class="_ _0"></span>om associates<span class="_ _339"> </span></div></td><td class="c n x924 y5a35 w3c9 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls7 wsf">2.2<span class="_ _339"> </span></div></td><td class="c n x61a y5a35 w56 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x925 y5a35 w3c9 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls7 wsf">2.2<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y57c7 w7a h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls98 ws4">Impairment of<span class="_ _0"></span> non-current assets<span class="_ _339"> </span></div></td><td class="c n x926 y57c7 w48b h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls93 wsa1">11<span class="_ _1"></span>.<span class="_ _1"></span>8<span class="_ _339"> </span></div></td><td class="c n x922 y57c7 w56 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x927 y57c7 w48b h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls93 wsa1">11<span class="_ _1"></span>.<span class="_ _1"></span>8<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5705 w4e9 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls98 ws4">Adjusted E<span class="_ _0"></span>BI<span class="_ _1"></span>TDA<span class="_ _339"> </span></div></td><td class="c n x928 y5705 w38 h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls99 wsa7">1,0<span class="_ _1"></span>6<span class="_ _9"></span>4<span class="_ _1"></span>.2<span class="_ _339"> </span></div></td><td class="c n x929 y5705 w2cf h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls71 wsea">0.3<span class="_ _339"> </span></div></td><td class="c n x92a y5705 w4ea h1b0"><div class="t m0 x1ed h5 y57b0 ff1 fs3 fc1 sc0 ls99 wsa7">1,<span class="_ _1"></span>06<span class="_ _9"></span>4<span class="_ _1"></span>.5<span class="_ _339"> </span></div></td></tr></table></div><div class="gs659"><table class="s w4eb h1e4" id="_7a0b9f25-c8c2-4e20-b0b6-4ee2f255b363"><tr><td></td><td class="t m0 x5cc h7d y5a7c ff2 fs6d fc1 sc0 lsc3 ws2">Y<span class="_ _0"></span>e<span class="_ _1"></span>ar e<span class="_ _1"></span>nd<span class="_ _1"></span>ed 31<span class="_ gs447"> </span>De<span class="_ _1"></span>ce<span class="_ _1"></span>mb<span class="_ _1"></span>er 20<span class="_ _1"></span>23<span class="_ _339"> </span></td><td></td><td></td></tr><tr><td></td><td class="t m0 x91a h7d y5a7d ff2 fs6d fc1 sc0 ls126 ws118" colspan="2">Attribut<span class="_ _1"></span>able<span class="_ _0"></span> to<span class="_ _339"> </span></td><td></td></tr><tr><td></td><td class="t m0 x6b9 h7d y5a7e ff2 fs6d fc1 sc0 ls1eb wsf3">Owners of<span class="_ _0"></span> the </td><td class="t m0 x490 h7d y5a7f ff2 fs6d fc1 sc0 ls15d ws17f">Non-controlling </td><td></td></tr><tr><td></td><td class="t m0 x91b h7d y5a80 ff2 fs6d fc1 sc0 ls15d wsa5">parent company<span class="_ _339"> </span></td><td class="t m0 x6c0 h7d y5a81 ff2 fs6d fc1 sc0 ls13e ws157">interests<span class="_ _339"> </span></td><td class="t m0 x1ea h7d y5a81 ff2 fs6d fc1 sc0 ls223 ws28e">To<span class="_ _1"></span>t<span class="_ _1"></span>a<span class="_ _9"></span>l<span class="_ _339"> </span></td></tr><tr><td></td><td class="t m0 x5cc h7d y5a82 ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x1eb h7d y5a83 ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x1ec h7d y5a83 ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td></tr><tr><td class="c n x1ee y5755 w4e4 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls98 ws4">Adjusted operating profit/(loss<span class="_ _0"></span>)<span class="_ _339"> </span></div></td><td class="c n x91c y5755 w4ce h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls79 wsaa">7<span class="_ _1"></span>82.9<span class="_ _339"> </span></div></td><td class="c n x92b y5755 w3fa h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls73 wsa9">(1<span class="_ _1"></span>.<span class="_ _1"></span>3<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x92c y5755 w8f h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsa1 wsb5">7<span class="_ _1"></span>81.<span class="_ _1"></span>6<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5756 w4e5 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls8a ws5">Depreciation and<span class="_ _0"></span> amortisat<span class="_ _1"></span>ion<span class="_ _339"> </span></div></td><td class="c n x92d y5756 w2c4 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls9a wsa8">22<span class="_ _1"></span>3<span class="_ _1"></span>.7<span class="_ _339"> </span></div></td><td class="c n x92e y5756 w4ec h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsa1 wsb5">1.<span class="_ _1"></span>3<span class="_ _339"> </span></div></td><td class="c n x92f y5756 w299 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls28 ws93">225.0<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5783 w4ed h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls9 ws8">Other gains<span class="_ _339"> </span></div></td><td class="c n x930 y5783 w4ee h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls9a wsa8">(0.7<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x931 y5783 w59 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x932 y5783 w429 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls9a wsa8">(<span class="_ _1"></span>0.7<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5703 w88 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls8a ws5">Share<span class="_ _0"></span> of losses fr<span class="_ _0"></span>om associates<span class="_ _339"> </span></div></td><td class="c n x933 y5703 w4ef h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsa1 wsb5">1.6<span class="_ _339"> </span></div></td><td class="c n x934 y5703 w59 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x935 y5703 w3f h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsa1 wsb5">1.<span class="_ _1"></span>6<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5704 w7a h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls98 ws4">Impairment of<span class="_ _0"></span> non-current assets<span class="_ _339"> </span></div></td><td class="c n x936 y5704 w137 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls9a wsa8">1.7<span class="_ _339"> </span></div></td><td class="c n x937 y5704 w59 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x938 y5704 w137 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls9a wsa8">1.7<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5705 w4e9 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls98 ws4">Adjusted E<span class="_ _0"></span>BI<span class="_ _1"></span>TDA<span class="_ _339"> </span></div></td><td class="c n x939 y5705 w34 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls1f ws79">1,<span class="_ _1"></span>0<span class="_ _1"></span>0<span class="_ _1"></span>9.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td><td class="c n x44f y5705 w59 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td><td class="c n x93a y5705 w4f0 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls1f ws79">1,0<span class="_ _9"></span>0<span class="_ _1"></span>9.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td></tr></table></div><div class="gs65a"><table class="s w4f1 h1e5" id="_e1a07a2e-4c2d-469a-b70b-6714cc06788a"><tr><td></td><td></td><td class="t m0 x2bd h7d y5a84 ff2 fs6d fc1 sc0 ls1a0 ws1c8">Y<span class="_ _0"></span>ear ended<span class="_ _0"></span> 3<span class="_ _0"></span>1<span class="_ gs447"> </span><span class="_ _0"></span>December<span class="_ _339"> </span></td></tr><tr><td></td><td></td><td class="c x20a y5a85 w44 h1c4"><div class="t m0 x1ed h7d y5739 ff2 fs6d fc1 sc0 ls15d ws17f">Restated</div><div class="t m0 x209 h106 y580c ff2 fs81 fc1 sc0 ls224 ws28f">(1)<span class="_ _339"> </span></div></td></tr><tr><td></td><td class="t m0 x1e9 h7f y5a86 ff1 fs6d fc1 sc0 lsc5 ws3e">20<span class="_ _1"></span>24<span class="_ _339"> </span></td><td class="t m0 x1ea h7d y5a87 ff2 fs6d fc1 sc0 lsb3 wsc7">2023<span class="_ _339"> </span></td></tr><tr><td></td><td class="t m0 x1eb h7f y5a88 ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x1ec h7d y5a89 ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td></tr><tr><td class="t m0 x2b2 h5 y5a8a ff1 fs3 fc1 sc0 ls98 ws4">Segment Adjusted E<span class="_ _0"></span>BI<span class="_ _1"></span>TDA:<span class="_ _339"> </span></td><td></td><td></td></tr><tr><td class="c n x1ee y5782 w2c2 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsf ws9">Pellet Production<span class="_ _339"> </span></div></td><td class="c n x93b y5782 w4f2 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls9b wsab">143.<span class="_ _1"></span>0<span class="_ _339"> </span></div></td><td class="c n x93c y5782 wef h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls79 wsaa">8<span class="_ _1"></span>8.9<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5755 w2c5 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">Biomass Generation<span class="_ _339"> </span></div></td><td class="c n x93d y5755 w4f3 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls137 ws14e">8<span class="_ _1"></span>13.<span class="_ _9"></span>5<span class="_ _339"> </span></div></td><td class="c n x93e y5755 w2cc h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls77 ws184">7<span class="_ _1"></span>03.3<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y59ac w2ca h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">Flexible Generation<span class="_ _339"> </span></div></td><td class="c n x93f y59ac wd2 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 lsa5 wsb8">1<span class="_ _1"></span>3<span class="_ _9"></span>7.<span class="_ _14"></span>6<span class="_ _339"> </span></div></td><td class="c n x940 y59ac w60 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls28 ws93">230.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5783 w2cd h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">Energy Solutions<span class="_ _339"> </span></div></td><td class="c n x941 y5783 w4f4 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls89 ws91">51<span class="_ _1"></span>.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td><td class="c n x60a y5783 wc5 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa1 wsb5">71.<span class="_ _1"></span>8<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5703 w2d1 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls8a ws5">Innovation,<span class="_ _0"></span> c<span class="_ _1"></span>apital pro<span class="_ _0"></span>ject<span class="_ _1"></span>s and<span class="_ _0"></span> other<span class="_ _339"> </span></div></td><td class="c n x942 y5703 w4f5 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls227 ws293">(<span class="_ _14"></span>7<span class="_ _9"></span>8<span class="_ _14"> </span>.1<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x943 y5703 w4f6 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls76 ws7f">(<span class="_ _14"> </span>7<span class="_ _14"></span>8<span class="_ _14"></span>.1<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5704 w4f7 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls9 ws8">Intra-<span class="_ _1"></span>group eliminations<span class="_ _339"> </span></div></td><td class="c n x944 y5704 w9b h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls9d wsad">(<span class="_ _1"></span>3.<span class="_ _1"></span>0)<span class="_ _339"> </span></div></td><td class="c n x945 y5704 w145 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsd4 ws101">(6<span class="_ _1"></span>.<span class="_ _1"></span>9)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5705 w4f8 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls98 ws4">T<span class="_ _2"></span>ot<span class="_ _1"></span>al Adjusted<span class="_ _0"></span> EBITDA<span class="_ _339"> </span></div></td><td class="c n x946 y5705 w4f9 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls99 wsa7">1,<span class="_ _1"></span>0<span class="_ _1"></span>6<span class="_ _1"></span>4<span class="_ _1"></span>.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td><td class="c n x32f y5705 w38c h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls1f ws79">1,<span class="_ _1"></span>0<span class="_ _1"></span>0<span class="_ _1"></span>9<span class="_ _1"></span>.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td></tr></table></div><div class="t m0 h10 ff2 fsa fc1 sc0 ls30 ws2 gs65b">(1<span class="_ _0"></span>) <span class="_ _7"> </span>C<span class="_ _1"></span>om<span class="_ _1"></span>pa<span class="_ _1"></span>r<span class="_ _1"></span>at<span class="_ _1"></span>ive a<span class="_ _1"></span>mo<span class="_ _1"></span>unt<span class="_ _1"></span>s h<span class="_ _1"></span>ave b<span class="_ _1"></span>ee<span class="_ _1"></span>n re<span class="_ _1"></span>st<span class="_ _1"></span>ate<span class="_ _1"></span>d to r<span class="_ _1"></span>efl<span class="_ _1"></span>ec<span class="_ _1"></span>t th<span class="_ _1"></span>e cha<span class="_ _1"></span>ng<span class="_ _1"></span>e in re<span class="_ _1"></span>po<span class="_ _1"></span>rt<span class="_ _1"></span>a<span class="_ _1"></span>ble s<span class="_ _1"></span>eg<span class="_ _1"></span>me<span class="_ _1"></span>nt<span class="_ _1"></span>s<span class="_ _1"></span>. Se<span class="_ _1"></span>e no<span class="_ _1"></span>te 2.<span class="_ _0"></span>1 for f<span class="_ _1"></span>u<span class="_ _1"></span>rt<span class="_ _1"></span>he<span class="_ _1"></span>r det<span class="_ _1"></span>a<span class="_ _1"></span>ils o<span class="_ _1"></span>f th<span class="_ _1"></span>e cha<span class="_ _1"></span>ng<span class="_ _1"></span>e in re<span class="_ _1"></span>po<span class="_ _1"></span>rt<span class="_ _1"></span>a<span class="_ _1"></span>ble s<span class="_ _1"></span>eg<span class="_ _1"></span>me<span class="_ _1"></span>nt<span class="_ _1"></span>s<span class="_ _1"></span>.<span class="_ _339"> </span></div><div class="t m0 h5 ff1 fs3 fc0 sc0 ls9 ws5 gs65c">Net debt<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs65d">Ne<span class="_ _1"></span>t deb<span class="_ _1"></span>t is ca<span class="_ _1"></span>lcu<span class="_ _1"></span>lat<span class="_ _1"></span>ed by t<span class="_ _1"></span>ak<span class="_ _1"></span>ing t<span class="_ _1"></span>he G<span class="_ _1"></span>roup’s b<span class="_ _1"></span>or<span class="_ _1"></span>rowi<span class="_ _1"></span>ngs (not<span class="_ _1"></span>e 4.2), adj<span class="_ _1"></span>ust<span class="_ _1"></span>ing fo<span class="_ _1"></span>r the i<span class="_ _1"></span>mp<span class="_ _1"></span>act o<span class="_ _1"></span>f ass<span class="_ _1"></span>oci<span class="_ _1"></span>ate<span class="_ _1"></span>d he<span class="_ _1"></span>dgin<span class="_ _1"></span>g ins<span class="_ _1"></span>tr<span class="_ _1"></span>ume<span class="_ _1"></span>nt<span class="_ _1"></span>s, a<span class="_ _1"></span>ddi<span class="_ _1"></span>ng<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs65e">le<span class="_ _1"></span>ase l<span class="_ _1"></span>iabi<span class="_ _1"></span>lit<span class="_ _1"></span>ies (not<span class="_ _1"></span>e 3.2), and s<span class="_ _1"></span>ubt<span class="_ _1"></span>ra<span class="_ _1"></span>ct<span class="_ _1"></span>ing c<span class="_ _1"></span>ash a<span class="_ _1"></span>nd c<span class="_ _1"></span>ash e<span class="_ _1"></span>qu<span class="_ _1"></span>iva<span class="_ _1"></span>len<span class="_ _1"></span>t<span class="_ _1"></span>s (<span class="_ _0"></span>no<span class="_ _1"></span>te 4.<span class="_ _2"></span>1). Net de<span class="_ _1"></span>bt e<span class="_ _1"></span>xclu<span class="_ _1"></span>des t<span class="_ _1"></span>he sh<span class="_ _1"></span>are of b<span class="_ _1"></span>or<span class="_ _1"></span>rowi<span class="_ _1"></span>ngs<span class="_ _1"></span>, lea<span class="_ _1"></span>se<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls9 ws5 gs65f">liabili<span class="_ _0"></span>ties, and cash and<span class="_ _0"></span> c<span class="_ _1"></span>ash<span class="_ _0"></span> equivalent<span class="_ _1"></span>s attributable to<span class="_ _0"></span> non-controlling<span class="_ _0"></span> interests.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs660">Pr<span class="_ _1"></span>ior t<span class="_ _1"></span>o 202<span class="_ _0"></span>4, t<span class="_ _1"></span>he G<span class="_ _1"></span>rou<span class="_ _1"></span>p’s defi<span class="_ _1"></span>nit<span class="_ _1"></span>ion of N<span class="_ _1"></span>et de<span class="_ _1"></span>bt di<span class="_ _1"></span>d not i<span class="_ _1"></span>ncl<span class="_ _1"></span>ude l<span class="_ _1"></span>eas<span class="_ _1"></span>e lia<span class="_ _1"></span>bili<span class="_ _1"></span>tie<span class="_ _1"></span>s. S<span class="_ _1"></span>ee p<span class="_ _1"></span>ag<span class="_ _1"></span>e 1<span class="_ _0"></span>65 for f<span class="_ _1"></span>ur<span class="_ _1"></span>th<span class="_ _1"></span>er de<span class="_ _1"></span>ta<span class="_ _1"></span>ils of t<span class="_ _1"></span>his c<span class="_ _1"></span>han<span class="_ _1"></span>ge.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs661">Borrowings<span class="_ _0"></span> includes external financial<span class="_ _0"></span> debt<span class="_ _1"></span>, such<span class="_ _0"></span> as loan notes, t<span class="_ _0"></span>er<span class="_ _1"></span>m<span class="_ _0"></span> loans and amounts drawn in cash<span class="_ _0"></span> under revolving<span class="_ _0"></span> credit facilities </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs662">(RCF<span class="_ _1"></span>s<span class="_ _0"></span>) (see n<span class="_ _1"></span>ote 4<span class="_ _1"></span>.2). Bor<span class="_ _1"></span>row<span class="_ _1"></span>ings d<span class="_ _1"></span>oe<span class="_ _1"></span>s not i<span class="_ _1"></span>ncl<span class="_ _1"></span>ude o<span class="_ _1"></span>the<span class="_ _1"></span>r fin<span class="_ _1"></span>anc<span class="_ _1"></span>ial li<span class="_ _1"></span>abi<span class="_ _1"></span>lit<span class="_ _1"></span>ies su<span class="_ _1"></span>ch a<span class="_ _1"></span>s pen<span class="_ _1"></span>sion o<span class="_ _1"></span>bli<span class="_ _1"></span>gat<span class="_ _1"></span>io<span class="_ _1"></span>ns (see no<span class="_ _1"></span>te 6.3), t<span class="_ _1"></span>ra<span class="_ _1"></span>de an<span class="_ _1"></span>d ot<span class="_ _1"></span>her<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs663">pa<span class="_ _1"></span>yab<span class="_ _1"></span>les (se<span class="_ _1"></span>e not<span class="_ _1"></span>e 3.<span class="_ _0"></span>7), l<span class="_ _1"></span>eas<span class="_ _1"></span>e lia<span class="_ _1"></span>bili<span class="_ _1"></span>ti<span class="_ _1"></span>es c<span class="_ _1"></span>alc<span class="_ _1"></span>ula<span class="_ _1"></span>ted i<span class="_ _1"></span>n acc<span class="_ _1"></span>ord<span class="_ _1"></span>anc<span class="_ _1"></span>e wit<span class="_ _1"></span>h IFR<span class="_ _1"></span>S 1<span class="_ _0"></span>6 (se<span class="_ _1"></span>e not<span class="_ _1"></span>e 3.2), and wo<span class="_ _1"></span>rk<span class="_ _1"></span>ing c<span class="_ _1"></span>ap<span class="_ _1"></span>it<span class="_ _1"></span>al fa<span class="_ _1"></span>cil<span class="_ _1"></span>iti<span class="_ _1"></span>es (such a<span class="_ _1"></span>s<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs664">cre<span class="_ _1"></span>dit c<span class="_ _1"></span>ar<span class="_ _1"></span>ds an<span class="_ _1"></span>d defe<span class="_ _1"></span>rre<span class="_ _1"></span>d let<span class="_ _1"></span>ter<span class="_ _1"></span>s of c<span class="_ _1"></span>redi<span class="_ _1"></span>t) linke<span class="_ _1"></span>d dir<span class="_ _1"></span>ect<span class="_ _1"></span>ly t<span class="_ _1"></span>o spe<span class="_ _1"></span>cifi<span class="_ _1"></span>c pay<span class="_ _1"></span>ab<span class="_ _1"></span>les t<span class="_ _1"></span>ha<span class="_ _1"></span>t prov<span class="_ _1"></span>ide s<span class="_ _1"></span>hor<span class="_ _1"></span>t ex<span class="_ _1"></span>tens<span class="_ _1"></span>ion of p<span class="_ _1"></span>aym<span class="_ _1"></span>en<span class="_ _1"></span>t ter<span class="_ _1"></span>ms of le<span class="_ _1"></span>ss<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs665">th<span class="_ _1"></span>an 1<span class="_ _0"></span>2 m<span class="_ _1"></span>ont<span class="_ _1"></span>hs (see n<span class="_ _1"></span>ote 4<span class="_ _1"></span>.3). Th<span class="_ _1"></span>e Gro<span class="_ _1"></span>up do<span class="_ _1"></span>es no<span class="_ _1"></span>t inc<span class="_ _1"></span>lud<span class="_ _1"></span>e ba<span class="_ _1"></span>lan<span class="_ _1"></span>ces r<span class="_ _1"></span>ela<span class="_ _1"></span>ted t<span class="_ _1"></span>o sup<span class="_ _1"></span>ply c<span class="_ _1"></span>hai<span class="_ _1"></span>n fina<span class="_ _1"></span>nci<span class="_ _1"></span>ng in Ne<span class="_ _1"></span>t deb<span class="_ _1"></span>t as t<span class="_ _1"></span>her<span class="_ _1"></span>e are<span class="_ gs7"> </span>n<span class="_ _1"></span>o </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs666">changes to<span class="_ _0"></span> the Group’s<span class="_ _0"></span> payment terms under<span class="_ _0"></span> t<span class="_ _1"></span>his<span class="_ _0"></span> arrangement<span class="_ _1"></span>, nor<span class="_ _0"></span> would there be<span class="_ _0"></span> if the arrangement was to<span class="_ _0"></span> cease (<span class="_ _0"></span>see note 3<span class="_ _0"></span>.<span class="_ _0"></span>7).<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs667">Ne<span class="_ _1"></span>t deb<span class="_ _1"></span>t inc<span class="_ _1"></span>lud<span class="_ _1"></span>es th<span class="_ _1"></span>e imp<span class="_ _1"></span>ac<span class="_ _1"></span>t of any c<span class="_ _1"></span>as<span class="_ _1"></span>h col<span class="_ _1"></span>late<span class="_ _1"></span>ra<span class="_ _1"></span>l rec<span class="_ _1"></span>eip<span class="_ _1"></span>t<span class="_ _1"></span>s from c<span class="_ _1"></span>ou<span class="_ _1"></span>nter<span class="_ _1"></span>pa<span class="_ _1"></span>rt<span class="_ _1"></span>ie<span class="_ _1"></span>s or c<span class="_ _1"></span>ash c<span class="_ _1"></span>olla<span class="_ _1"></span>ter<span class="_ _1"></span>al p<span class="_ _1"></span>ost<span class="_ _1"></span>ed to c<span class="_ _1"></span>oun<span class="_ _1"></span>ter<span class="_ _1"></span>pa<span class="_ _1"></span>rt<span class="_ _1"></span>ies<span class="_ _1"></span>.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs668">T<span class="_ _1"></span>he Gr<span class="_ _1"></span>oup h<span class="_ _1"></span>as en<span class="_ _1"></span>tere<span class="_ _1"></span>d int<span class="_ _1"></span>o cro<span class="_ _1"></span>ss-c<span class="_ _1"></span>urr<span class="_ _1"></span>enc<span class="_ _1"></span>y int<span class="_ _1"></span>eres<span class="_ _1"></span>t ra<span class="_ _1"></span>te sw<span class="_ _1"></span>ap<span class="_ _1"></span>s, fix<span class="_ _1"></span>ing t<span class="_ _1"></span>he ste<span class="_ _1"></span>rl<span class="_ _1"></span>ing v<span class="_ _1"></span>alu<span class="_ _1"></span>e of th<span class="_ _1"></span>e pri<span class="_ _1"></span>nci<span class="_ _1"></span>pal r<span class="_ _1"></span>ep<span class="_ _1"></span>ayme<span class="_ _1"></span>nt<span class="_ _1"></span>s an<span class="_ _1"></span>d int<span class="_ _1"></span>ere<span class="_ _1"></span>st in<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs669">res<span class="_ _1"></span>pe<span class="_ _1"></span>ct of t<span class="_ _1"></span>he Gr<span class="_ _1"></span>oup’s e<span class="_ _1"></span>uro (EUR) d<span class="_ _1"></span>eno<span class="_ _1"></span>min<span class="_ _1"></span>ate<span class="_ _1"></span>d deb<span class="_ _1"></span>t. T<span class="_ _1"></span>he G<span class="_ _1"></span>rou<span class="_ _1"></span>p has a<span class="_ _1"></span>lso en<span class="_ _1"></span>ter<span class="_ _1"></span>ed fixe<span class="_ _1"></span>d ra<span class="_ _1"></span>te for<span class="_ _1"></span>eig<span class="_ _1"></span>n exch<span class="_ _1"></span>ang<span class="_ _1"></span>e for<span class="_ _1"></span>w<span class="_ _1"></span>ards t<span class="_ _1"></span>o fix t<span class="_ _1"></span>he<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls7 ws4 gs66a">sterling value<span class="_ _0"></span> of the principal<span class="_ _0"></span> repayment of the<span class="_ _0"></span> C<span class="_ _1"></span>anadian dol<span class="_ _0"></span>lar (<span class="_ _0"></span>CAD)<span class="_ _0"></span> denominated debt and<span class="_ _0"></span> cer<span class="_ _1"></span>tain EU<span class="_ _0"></span>R denominated debt (<span class="_ _0"></span>see not<span class="_ _0"></span>e<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs66b">4.<span class="_ _1"></span>2<span class="_ _0"></span>). F<span class="_ _1"></span>or t<span class="_ _1"></span>he pu<span class="_ _1"></span>rp<span class="_ _1"></span>ose of c<span class="_ _1"></span>al<span class="_ _1"></span>cul<span class="_ _1"></span>at<span class="_ _1"></span>ing Ne<span class="_ _1"></span>t de<span class="_ _1"></span>bt<span class="_ _1"></span>, USD, EUR an<span class="_ _1"></span>d CA<span class="_ _1"></span>D ba<span class="_ _1"></span>lan<span class="_ _1"></span>ces a<span class="_ _1"></span>re t<span class="_ _1"></span>ra<span class="_ _1"></span>nsla<span class="_ _1"></span>ted a<span class="_ _1"></span>t th<span class="_ _1"></span>e hed<span class="_ _1"></span>ge<span class="_ _1"></span>d rat<span class="_ _1"></span>e, ra<span class="_ _1"></span>th<span class="_ _1"></span>er th<span class="_ _1"></span>an t<span class="_ _1"></span>he r<span class="_ _1"></span>ate<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs66c">pre<span class="_ _1"></span>vai<span class="_ _1"></span>ling a<span class="_ _1"></span>t th<span class="_ _1"></span>e rep<span class="_ _1"></span>or<span class="_ _1"></span>tin<span class="_ _1"></span>g dat<span class="_ _1"></span>e, whi<span class="_ _1"></span>ch im<span class="_ _1"></span>pa<span class="_ _1"></span>ct<span class="_ _1"></span>s th<span class="_ _1"></span>e ca<span class="_ _1"></span>rr<span class="_ _1"></span>y<span class="_ _1"></span>ing am<span class="_ _1"></span>ou<span class="_ _1"></span>nt of th<span class="_ _1"></span>e Gro<span class="_ _1"></span>up’s b<span class="_ _1"></span>orro<span class="_ _1"></span>win<span class="_ _1"></span>gs. S<span class="_ _1"></span>ee t<span class="_ _1"></span>he A<span class="_ _1"></span>PMs gl<span class="_ _1"></span>os<span class="_ _1"></span>sa<span class="_ _1"></span>r<span class="_ _1"></span>y and t<span class="_ _1"></span>he A<span class="_ _1"></span>PMs<span class="_ _1"></span> </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs66d">se<span class="_ _1"></span>ct<span class="_ _1"></span>ion w<span class="_ _1"></span>ith<span class="_ _1"></span>in th<span class="_ _1"></span>e Ba<span class="_ _1"></span>sis of p<span class="_ _1"></span>rep<span class="_ _1"></span>ar<span class="_ _1"></span>ati<span class="_ _1"></span>on fo<span class="_ _1"></span>r fur<span class="_ _1"></span>t<span class="_ _1"></span>her d<span class="_ _1"></span>et<span class="_ _1"></span>ails o<span class="_ _1"></span>n th<span class="_ _1"></span>e ca<span class="_ _1"></span>lcu<span class="_ _1"></span>lat<span class="_ _1"></span>ion o<span class="_ _1"></span>f Net d<span class="_ _1"></span>ebt<span class="_ _1"></span>.<span class="_ _339"> </span></div><div class="gs47c"><table class="s w4fa h1e6" id="_2f0812ca-3143-492e-8d4c-09d0d49da44f"><tr><td></td><td class="t m0 x1e8 h7d y5a8b ff2 fs6d fc1 sc0 ls1a0 ws1c8">As at<span class="_ _0"></span> 31<span class="_ _0"></span> December<span class="_ _339"> </span></td><td></td><td></td></tr><tr><td></td><td class="t m0 x1e9 h7f y5a8c ff1 fs6d fc1 sc0 lsc5 ws3e">20<span class="_ _1"></span>24<span class="_ _339"> </span></td><td class="c x948 y5a8d w4fb h1d1"><div class="t m0 x1ed h7d y5707 ff2 fs6d fc1 sc0 lsb3 wsc7">2023</div><div class="t m0 x947 h106 y5845 ff2 fs81 fc1 sc0 ls224 ws28f">(1)<span class="_ _339"> </span></div></td><td></td></tr><tr><td></td><td class="t m0 x1eb h7f y5a8e ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x1ec h7d y5a8f ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td></td></tr><tr><td class="c n x1ee y5a90 w4fc h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls98 ws4">Borrowings<span class="_ _0"></span> (note<span class="_ _0"></span> 4.2<span class="_ _0"></span>)<span class="_ _339"> </span></div></td><td class="c n x949 y5a90 w4fd h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 lse0 wsfe">(1,<span class="_ _2"></span>176<span class="_ _1"></span>.7<span class="_ _1"></span>)</div></td><td class="c n x94a y5a90 w4fe h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls79 wsaa">(<span class="_ _0"></span>1,42<span class="_ _1"></span>5.3)<span class="_ _339"> </span></div></td><td></td></tr><tr><td class="c n x1ee y5a91 w4ff h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls7 wsc">Lease liabilit<span class="_ _1"></span>ies (<span class="_ _0"></span>note 3.2<span class="_ _0"></span>)<span class="_ _339"> </span></div></td><td class="c n x94b y5a91 w500 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls93 wsa1">(116<span class="_ _9"></span>.<span class="_ _9"></span>5<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x94c y5a91 w73 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls73 wsa9">(<span class="_ _1"></span>135<span class="_ _1"></span>.<span class="_ _1"></span>8<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td></td></tr><tr><td class="c n x1ee y5a92 w130 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsf ws9">Cash and cash equivalent<span class="_ _1"></span>s<span class="_ _339"> </span></div></td><td class="c n x94d y5a92 w12c h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 lsb5 wsc8">35<span class="_ _1"></span>6.<span class="_ _1"></span>0<span class="_ _339"> </span></div></td><td class="c n x94e y5a92 w4e1 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsa7 wsba">3<span class="_ _1"></span>79.5<span class="_ _339"> </span></div></td><td></td></tr><tr><td class="c n x1ee y5a93 w501 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls10 ws6">Net cash, borrowing<span class="_ _1"></span>s and<span class="_ _0"></span> lea<span class="_ _1"></span>se liabilities<span class="_ _339"> </span></div></td><td class="c n x94f y5a93 wff h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 lsa5 ws240">(<span class="_ _1"></span>9<span class="_ _9"></span>3<span class="_ _9"></span>7.<span class="_ _14"> </span>2<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x950 y5a93 w502 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsb7 wsc9">(<span class="_ _1"></span>1</div></td><td class="c n x951 y5a93 w503 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsb7 wsc9">,1<span class="_ _1"></span>8<span class="_ _14"> </span>1<span class="_ _1"></span>.<span class="_ _14"> </span>6<span class="_ _9"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a94 w504 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls54 ws2">No<span class="_ _1"></span>n-co<span class="_ _1"></span>nt<span class="_ _1"></span>roll<span class="_ _1"></span>ing i<span class="_ _1"></span>nter<span class="_ _1"></span>est<span class="_ _1"></span>s’ s<span class="_ _1"></span>hare o<span class="_ _1"></span>f ca<span class="_ _1"></span>sh an<span class="_ _1"></span>d ca<span class="_ _1"></span>sh eq<span class="_ _1"></span>uiv<span class="_ _1"></span>ale<span class="_ _1"></span>nt<span class="_ _1"></span>s in n<span class="_ _1"></span>on-wh<span class="_ _1"></span>oll<span class="_ _1"></span>y own<span class="_ _1"></span>ed su<span class="_ _1"></span>bsid<span class="_ _1"></span>iar<span class="_ _1"></span>ie<span class="_ _1"></span>s<span class="_ _339"> </span></div></td><td class="c n x741 y5a94 w505 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls9d wsad">(0<span class="_ _1"></span>.8)<span class="_ _339"> </span></div></td><td></td><td class="c n x952 y5a94 w21a h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsa6 wsb9">(0.<span class="_ _1"></span>3)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a95 w506 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls8a ws5">Non-controlli<span class="_ _0"></span>ng interests’ s<span class="_ _0"></span>hare of<span class="_ _0"></span> lease liabilities<span class="_ _0"></span> in non-<span class="_ _0"></span>wholly owned<span class="_ _0"></span> subsidiaries<span class="_ _339"> </span></div></td><td class="c n x953 y5a95 w4e8 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 lsc ws12">0<span class="_ _1"></span>.5<span class="_ _339"> </span></div></td><td></td><td class="c n x954 y5a95 w59 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls4 ws2">–<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a96 w507 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls98 ws4">Impact of<span class="_ _0"></span> hedging instruments<span class="_ _339"> </span></div></td><td class="c n x955 y5a96 w508 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls9b wsab">(5<span class="_ _1"></span>4<span class="_ _1"></span>.<span class="_ _1"></span>2)<span class="_ _339"> </span></div></td><td></td><td class="c n x956 y5a96 w509 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsb0 ws17d">(<span class="_ _14"> </span>3<span class="_ _9"></span>7.<span class="_ _14"> </span>8<span class="_ _9"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5705 w50a h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls8a ws5">Net debt<span class="_ _339"> </span></div></td><td class="c n x73e y5705 w50b h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 lse0 wsfe">(9<span class="_ _1"></span>91.7<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td></td><td class="c n x957 y5705 w50c h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls73 wsa9">(<span class="_ _1"></span>1,<span class="_ _1"></span>2<span class="_ _1"></span>19<span class="_ _1"></span>.7<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr></table></div><div class="t m0 h10 ff2 fsa fc1 sc0 ls30 ws2 gs66f">(1<span class="_ _0"></span>) <span class="_ _7"> </span>T<span class="_ _1"></span>h<span class="_ _1"></span>e com<span class="_ _1"></span>pa<span class="_ _1"></span>r<span class="_ _1"></span>at<span class="_ _1"></span>ive a<span class="_ _1"></span>mo<span class="_ _1"></span>un<span class="_ _1"></span>ts h<span class="_ _1"></span>ave b<span class="_ _1"></span>ee<span class="_ _1"></span>n re<span class="_ _1"></span>-pr<span class="_ _1"></span>es<span class="_ _1"></span>en<span class="_ _1"></span>ted t<span class="_ _1"></span>o refl<span class="_ _1"></span>ec<span class="_ _1"></span>t th<span class="_ _1"></span>e ch<span class="_ _1"></span>an<span class="_ _1"></span>ge i<span class="_ _1"></span>n defi<span class="_ _1"></span>ni<span class="_ _1"></span>tio<span class="_ _1"></span>n of N<span class="_ _1"></span>et d<span class="_ _1"></span>ebt t<span class="_ _1"></span>o in<span class="_ _1"></span>clu<span class="_ _1"></span>de l<span class="_ _1"></span>ea<span class="_ _1"></span>se l<span class="_ _1"></span>iab<span class="_ _1"></span>ili<span class="_ _1"></span>ti<span class="_ _1"></span>es<span class="_ _1"></span>. Se<span class="_ _1"></span>e pa<span class="_ _1"></span>ge<span class="_ _1"></span>s 165 and 16<span class="_ _1"></span>6 for f<span class="_ _1"></span>ur<span class="_ _1"></span>t<span class="_ _1"></span>her<span class="_ _1"></span> </div><div class="t m0 h10 ff2 fsa fc1 sc0 ls31 ws2b1 gs670">information. </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs671">T<span class="_ _1"></span>he t<span class="_ _1"></span>abl<span class="_ _1"></span>e bel<span class="_ _1"></span>ow re<span class="_ _1"></span>con<span class="_ _1"></span>cil<span class="_ _1"></span>es Ne<span class="_ _1"></span>t deb<span class="_ _1"></span>t in te<span class="_ _1"></span>rms of c<span class="_ _1"></span>ha<span class="_ _1"></span>nge<span class="_ _1"></span>s in th<span class="_ _1"></span>es<span class="_ _1"></span>e bal<span class="_ _1"></span>anc<span class="_ _1"></span>es a<span class="_ _1"></span>cro<span class="_ _1"></span>ss t<span class="_ _1"></span>he yea<span class="_ _1"></span>r:<span class="_ _339"> </span></div><div class="gs672"><table class="s w50d h1e7" id="_62466073-fdef-4b67-b381-1fbef60f6c24"><tr><td></td><td class="t m0 x2bd h7d y5a97 ff2 fs6d fc1 sc0 ls1a0 ws1c8">Y<span class="_ _0"></span>ear ended<span class="_ _0"></span> 3<span class="_ _0"></span>1 December<span class="_ _339"> </span></td><td></td></tr><tr><td></td><td class="t m0 x1e9 h7f y5a98 ff1 fs6d fc1 sc0 lsc5 ws3e">20<span class="_ _1"></span>24<span class="_ _339"> </span></td><td class="c x948 y5a99 w4fb h1e2"><div class="t m0 x1ed h7d y5707 ff2 fs6d fc1 sc0 lsb3 wsc7">2023</div><div class="t m0 x947 h106 y5713 ff2 fs81 fc1 sc0 ls224 ws28f">(1)<span class="_ _339"> </span></div></td></tr><tr><td></td><td class="t m0 x1eb h7f y5a9a ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x1ec h7d y5a9b ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td></tr><tr><td class="c n x1ee y5a9c w50e h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls54 ws2">Ne<span class="_ _1"></span>t deb<span class="_ _1"></span>t at 1 Ja<span class="_ _1"></span>nu<span class="_ _1"></span>ar<span class="_ _1"></span>y<span class="_ _339"> </span></div></td><td class="c n x958 y5a9c w158 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls226 ws292">(1<span class="_ _1"></span>,<span class="_ _9"></span>2<span class="_ _1"></span>19<span class="_ _1"></span>.7<span class="_ _9"></span>)</div></td><td class="c n x959 y5a9c w50f h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls58 wsaf">(1<span class="_ _0"></span>,359.0)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a9d w510 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsf ws9">(Decrease<span class="_ _0"></span>)/increase in cash and cash equivalents<span class="_ _339"> </span></div></td><td class="c n x873 y5a9d w457 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls82 wsa3">(23.5)<span class="_ _339"> </span></div></td><td class="c n x92c y5a9d w511 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls132 ws14a">141.<span class="_ _1"></span>5<span class="_ _339"> </span></div></td></tr><tr><td class="t m0 x2b2 h6 y5a9e ff2 fs3 fc1 sc0 ls54 ws2">(Inc<span class="_ _1"></span>rea<span class="_ _1"></span>se)/<span class="_ _0"></span>de<span class="_ _1"></span>cre<span class="_ _1"></span>as<span class="_ _1"></span>e in no<span class="_ _1"></span>n-co<span class="_ _1"></span>nt<span class="_ _1"></span>roll<span class="_ _1"></span>ing i<span class="_ _1"></span>nter<span class="_ _1"></span>est<span class="_ _1"></span>s’ s<span class="_ _1"></span>hare o<span class="_ _1"></span>f ca<span class="_ _1"></span>sh an<span class="_ _1"></span>d ca<span class="_ _1"></span>sh eq<span class="_ _1"></span>uiv<span class="_ _1"></span>ale<span class="_ _1"></span>nt<span class="_ _1"></span>s in n<span class="_ _1"></span>on-wh<span class="_ _1"></span>oll<span class="_ _1"></span>y </td><td></td><td></td></tr><tr><td class="c n x1ee y5a9f w512 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls10 ws6">owned subsidiaries<span class="_ _339"> </span></div></td><td class="c n x95a y5a9f w9b h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls9d wsad">(0<span class="_ _1"></span>.5<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x95b y5a9f we5 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsb8 ws182">0.4<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5aa0 w513 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsd8 ws77">Decrease<span class="_ _0"></span> in borro<span class="_ _0"></span>wings<span class="_ _339"> </span></div></td><td class="c n x30c y5aa0 w214 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls77 ws184">24<span class="_ _1"></span>8<span class="_ _1"></span>.6<span class="_ _339"> </span></div></td><td class="c n x95c y5aa0 w514 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls74 wsc2">15<span class="_ _1"></span>.<span class="_ _1"></span>6<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5aa1 w515 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 ls7 wsc">Decre<span class="_ _1"></span>ase in lease liabilities<span class="_ _339"> </span></div></td><td class="c n x95d y5aa1 w516 h1b0"><div class="t m0 x1ed h6 y5702 ff1 fs3 fc1 sc0 ls75 ws23">19.<span class="_ _1"></span>3<span class="_ _339"> </span></div></td><td class="c n x95e y5aa1 w517 h1b0"><div class="t m0 x1ed h6 y5702 ff2 fs3 fc1 sc0 lsb0 ws17d">1<span class="_ _1"></span>7.<span class="_ _14"> </span>3<span class="_ _339"> </span></div></td></tr><tr><td class="t m0 x2b2 h6 y5aa2 ff2 fs3 fc1 sc0 ls54 ws2">Inc<span class="_ _1"></span>rea<span class="_ _1"></span>se<span class="_ _1"></span>/(<span class="_ _0"></span>dec<span class="_ _1"></span>rea<span class="_ _1"></span>se) in non<span class="_ _1"></span>-co<span class="_ _1"></span>nt<span class="_ _1"></span>roll<span class="_ _1"></span>ing in<span class="_ _1"></span>ter<span class="_ _1"></span>est<span class="_ _1"></span>s’ s<span class="_ _1"></span>hare o<span class="_ _1"></span>f lea<span class="_ _1"></span>se lia<span class="_ _1"></span>bil<span class="_ _1"></span>iti<span class="_ _1"></span>es in n<span class="_ _1"></span>on-w<span class="_ _1"></span>hol<span class="_ _1"></span>ly own<span class="_ _1"></span>ed<span class="_ _1"></span> </td><td></td><td></td></tr><tr><td class="c n x1ee y5aa3 w518 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls10 ws59">subsidiaries<span class="_ _339"> </span></div></td><td class="c n x339 y5aa3 w2c6 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 lsc ws12">0.5<span class="_ _339"> </span></div></td><td class="c n x95f y5aa3 w36f h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls76 ws7f">(<span class="_ _9"></span>0<span class="_ _14"> </span>.1<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5aa4 w519 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls98 ws4">Movement<span class="_ _0"></span> in the impact of<span class="_ _0"></span> hedging instruments<span class="_ _339"> </span></div></td><td class="c n x960 y5aa4 w51a h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls226 ws292">(16<span class="_ _9"></span>.<span class="_ _1"></span>4<span class="_ _1"></span>)<span class="_ _339"> </span></div></td><td class="c n x2d1 y5aa4 w79 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls75 ws23">(<span class="_ _1"></span>35.<span class="_ _1"></span>4)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5705 w51b h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls9c ws10">Net debt<span class="_ _0"></span> at 3<span class="_ _0"></span>1 December<span class="_ _339"> </span></div></td><td class="c n x961 y5705 w51c h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 lse0 wsfe">(9<span class="_ _1"></span>9<span class="_ _1"></span>1.7<span class="_ _1"></span>)</div></td><td class="c n x962 y5705 w51d h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls73 wsa9">(1,<span class="_ _9"></span>2<span class="_ _1"></span>19<span class="_ _1"></span>.7<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr></table></div><div class="t m0 h10 ff2 fsa fc1 sc0 ls30 ws2b2 gs673">(1<span class="_ _0"></span>) T<span class="_ _1"></span>he c<span class="_ _1"></span>om<span class="_ _1"></span>pa<span class="_ _1"></span>ra<span class="_ _1"></span>ti<span class="_ _1"></span>ve am<span class="_ _1"></span>ou<span class="_ _1"></span>nt<span class="_ _1"></span>s ha<span class="_ _1"></span>ve b<span class="_ _1"></span>ee<span class="_ _1"></span>n re-<span class="_ _1"></span>pre<span class="_ _1"></span>se<span class="_ _1"></span>nt<span class="_ _1"></span>ed to r<span class="_ _1"></span>efl<span class="_ _1"></span>ec<span class="_ _1"></span>t th<span class="_ _1"></span>e cha<span class="_ _1"></span>ng<span class="_ _1"></span>e in d<span class="_ _1"></span>efin<span class="_ _1"></span>it<span class="_ _1"></span>io<span class="_ _1"></span>n of Ne<span class="_ _1"></span>t de<span class="_ _1"></span>bt to i<span class="_ _1"></span>nc<span class="_ _1"></span>lu<span class="_ _1"></span>de le<span class="_ _1"></span>as<span class="_ _1"></span>e li<span class="_ _1"></span>abi<span class="_ _1"></span>li<span class="_ _1"></span>tie<span class="_ _1"></span>s. S<span class="_ _1"></span>e<span class="_ _1"></span>e pa<span class="_ _1"></span>ges 165 a<span class="_ _1"></span>nd 166 f<span class="_ _1"></span>or f<span class="_ _1"></span>ur<span class="_ _1"></span>th<span class="_ _1"></span>er i<span class="_ _1"></span>nfo<span class="_ _1"></span>rm<span class="_ _1"></span>at<span class="_ _1"></span>ion<span class="_ _1"></span>. </div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs674">A rec<span class="_ _1"></span>on<span class="_ _1"></span>cili<span class="_ _1"></span>at<span class="_ _1"></span>ion of t<span class="_ _1"></span>he c<span class="_ _1"></span>han<span class="_ _1"></span>ge in b<span class="_ _1"></span>orr<span class="_ _1"></span>owin<span class="_ _1"></span>gs du<span class="_ _1"></span>rin<span class="_ _1"></span>g th<span class="_ _1"></span>e year i<span class="_ _1"></span>s set o<span class="_ _1"></span>ut in t<span class="_ _1"></span>he t<span class="_ _1"></span>ab<span class="_ _1"></span>le in n<span class="_ _1"></span>ote 4.<span class="_ _1"></span>2.<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs675">A<span class="_ _1"></span>s exp<span class="_ _1"></span>lai<span class="_ _1"></span>ned i<span class="_ _1"></span>n the B<span class="_ _1"></span>as<span class="_ _1"></span>is of pre<span class="_ _1"></span>pa<span class="_ _1"></span>ra<span class="_ _1"></span>tio<span class="_ _1"></span>n, t<span class="_ _1"></span>he G<span class="_ _1"></span>roup h<span class="_ _1"></span>as a lo<span class="_ _1"></span>ng-t<span class="_ _1"></span>er<span class="_ _1"></span>m ta<span class="_ _1"></span>rge<span class="_ _1"></span>t for Ne<span class="_ _1"></span>t deb<span class="_ _1"></span>t to Ad<span class="_ _1"></span>just<span class="_ _1"></span>ed EBI<span class="_ _1"></span>T<span class="_ _1"></span>DA of aro<span class="_ _1"></span>und 2.<span class="_ _1"></span>0 tim<span class="_ _1"></span>es<span class="_ _1"></span>.<span class="_ _339"> </span></div><div class="gs676"><table class="s w51e h1e8" id="_30292d91-a82c-4247-9aad-ce30a95863bc"><tr><td></td><td class="t m0 x6c0 h7d y5aa5 ff2 fs6d fc1 sc0 ls149 ws1c8">As at<span class="_ _0"></span> 31<span class="_ _0"></span> December<span class="_ _339"> </span></td><td></td></tr><tr><td></td><td class="c n x1f5 y5aa6 w51f h1b8"><div class="t m0 x1ed h7d y5739 ff1 fs6d fc1 sc0 lsc5 ws3e">20<span class="_ _1"></span>24<span class="_ _339"> </span></div></td><td class="c x964 y5aa6 w520 h1c9"><div class="t m0 x1ed h7d y5739 ff2 fs6d fc1 sc0 lsb3 wsc7">2023</div><div class="t m0 x963 h106 y583f ff2 fs81 fc1 sc0 ls224 ws28f">(1)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5a95 w37 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls7 wsc">Adjusted EBITDA (<span class="_ _0"></span>£m)<span class="_ _339"> </span></div></td><td class="c n x1fb y5a95 w38 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls99 wsa7">1,0<span class="_ _1"></span>6<span class="_ _9"></span>4<span class="_ _1"></span>.2<span class="_ _339"> </span></div></td><td class="c n x965 y5a95 w1e5 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls1f ws21">1,<span class="_ _1"></span>0<span class="_ _1"></span>0<span class="_ _1"></span>9.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5aa7 w521 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls54 ws2">Ne<span class="_ _1"></span>t deb<span class="_ _1"></span>t (<span class="_ _0"></span>£m)<span class="_ _339"> </span></div></td><td class="c n x966 y5aa7 w522 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 lse0 wsfe">(9<span class="_ _1"></span>91.7<span class="_ _1"></span>)</div></td><td class="c n x967 y5aa7 w523 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls73 wsa9">(<span class="_ _1"></span>1,<span class="_ _1"></span>2<span class="_ _1"></span>19<span class="_ _1"></span>.7<span class="_ _1"></span>)<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5705 w524 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls98 ws4">Net debt to<span class="_ _0"></span> Adjusted EBITDA<span class="_ _0"></span> r<span class="_ _1"></span>atio<span class="_ _339"> </span></div></td><td class="c n x968 y5705 w166 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls84 ws9b">0.9<span class="_ _339"> </span></div></td><td class="c n x969 y5705 w4ec h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa1 wsb5">1.<span class="_ _1"></span>2<span class="_ _339"> </span></div></td></tr></table></div><div class="t m0 h10 ff2 fsa fc1 sc0 ls30 ws2b2 gs677">(1<span class="_ _0"></span>) T<span class="_ _1"></span>he c<span class="_ _1"></span>om<span class="_ _1"></span>pa<span class="_ _1"></span>ra<span class="_ _1"></span>ti<span class="_ _1"></span>ve am<span class="_ _1"></span>ou<span class="_ _1"></span>nt<span class="_ _1"></span>s ha<span class="_ _1"></span>ve b<span class="_ _1"></span>ee<span class="_ _1"></span>n re-<span class="_ _1"></span>pre<span class="_ _1"></span>se<span class="_ _1"></span>nt<span class="_ _1"></span>ed to r<span class="_ _1"></span>efl<span class="_ _1"></span>ec<span class="_ _1"></span>t th<span class="_ _1"></span>e cha<span class="_ _1"></span>ng<span class="_ _1"></span>e in d<span class="_ _1"></span>efin<span class="_ _1"></span>it<span class="_ _1"></span>io<span class="_ _1"></span>n of Ne<span class="_ _1"></span>t de<span class="_ _1"></span>bt to i<span class="_ _1"></span>nc<span class="_ _1"></span>lu<span class="_ _1"></span>de le<span class="_ _1"></span>as<span class="_ _1"></span>e li<span class="_ _1"></span>abi<span class="_ _1"></span>li<span class="_ _1"></span>tie<span class="_ _1"></span>s, S<span class="_ _1"></span>e<span class="_ _1"></span>e pa<span class="_ _1"></span>ges 165 a<span class="_ _1"></span>nd 166 f<span class="_ _1"></span>or f<span class="_ _1"></span>ur<span class="_ _1"></span>th<span class="_ _1"></span>er in<span class="_ _1"></span>for<span class="_ _1"></span>ma<span class="_ _1"></span>t<span class="_ _1"></span>ion<span class="_ _1"></span>.<span class="_ _339"> </span></div><div class="t m0 h5 ff1 fs3 fc0 sc0 lsa ws6 gs678">Cash and commit<span class="_ _1"></span>ted facilities<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs679">T<span class="_ _1"></span>he be<span class="_ _1"></span>low t<span class="_ _1"></span>ab<span class="_ _1"></span>le re<span class="_ _1"></span>con<span class="_ _1"></span>cil<span class="_ _1"></span>es th<span class="_ _1"></span>e Gro<span class="_ _1"></span>up’s av<span class="_ _1"></span>ail<span class="_ _1"></span>abl<span class="_ _1"></span>e ca<span class="_ _1"></span>sh an<span class="_ _1"></span>d com<span class="_ _1"></span>mit<span class="_ _1"></span>ted f<span class="_ _1"></span>ac<span class="_ _1"></span>ilit<span class="_ _1"></span>ie<span class="_ _1"></span>s:<span class="_ _339"> </span></div><div class="gs67a"><table class="s w525 h1e9" id="_c0c9b320-c96d-49d1-9231-0303f532aa05"><tr><td></td><td class="t m0 x1e8 h7d y5aa8 ff2 fs6d fc1 sc0 ls1a0 ws1c8">As at<span class="_ _0"></span> 31<span class="_ _0"></span> December<span class="_ _339"> </span></td><td></td></tr><tr><td></td><td class="t m0 x1e9 h7f y5aa9 ff1 fs6d fc1 sc0 lsc5 ws3e">20<span class="_ _1"></span>24<span class="_ _339"> </span></td><td class="t m0 x1ea h7d y5aa9 ff2 fs6d fc1 sc0 lsb3 wsc7">2023<span class="_ _339"> </span></td></tr><tr><td></td><td class="t m0 x1eb h7f y5aaa ff1 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td><td class="t m0 x1ec h7d y5aaa ff2 fs6d fc1 sc0 ls225 ws290">£m<span class="_ _339"> </span></td></tr><tr><td class="c n x1ee y5a95 w526 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls54 ws2">C<span class="_ _1"></span>ash a<span class="_ _1"></span>nd c<span class="_ _1"></span>ash e<span class="_ _1"></span>qui<span class="_ _1"></span>val<span class="_ _1"></span>ent<span class="_ _1"></span>s (not<span class="_ _1"></span>e 4.<span class="_ _17"></span>1)<span class="_ _339"> </span></div></td><td class="c n x96a y5a95 w132 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 lsb5 wsc8">35<span class="_ _1"></span>6<span class="_ _1"></span>.0<span class="_ _339"> </span></div></td><td class="c n x2fd y5a95 w527 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa7 wsf6">37<span class="_ _1"></span>9.5<span class="_ _339"> </span></div></td></tr><tr><td class="c x1ee y5a96 w528 h1ea"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 ls54 ws2">RCF a<span class="_ _1"></span>vai<span class="_ _1"></span>lab<span class="_ _1"></span>le bu<span class="_ _1"></span>t not u<span class="_ _1"></span>til<span class="_ _1"></span>ise<span class="_ _1"></span>d</div><div class="t m0 x96b hf y5aab ff2 fs7 fc1 sc0 lsa0 wsb4">(1)<span class="_ _339"> </span></div></td><td class="c n x96c y5aa7 w12a h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls2c wsca">450<span class="_ _1"></span>.0<span class="_ _339"> </span></div></td><td class="c n x96d y5aa7 w133 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa7 wsf6">259.<span class="_ _1"></span>9<span class="_ _339"> </span></div></td></tr><tr><td class="c n x1ee y5705 w529 h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 ls98 ws4">T<span class="_ _2"></span>ot<span class="_ _1"></span>al cash and<span class="_ _0"></span> committe<span class="_ _1"></span>d<span class="_ _0"></span> f<span class="_ _1"></span>acilities<span class="_ _339"> </span></div></td><td class="c n x96e y5705 w52a h1b3"><div class="t m0 x1ed h6 y570c ff1 fs3 fc1 sc0 lsa ws92">806.0<span class="_ _339"> </span></div></td><td class="c n x96f y5705 w361 h1b3"><div class="t m0 x1ed h6 y570c ff2 fs3 fc1 sc0 lsa7 wsba">63<span class="_ _1"></span>9.4<span class="_ _339"> </span></div></td></tr></table></div><div class="t m0 h10 ff2 fsa fc1 sc0 ls30 ws2 gs67b">(1<span class="_ _0"></span>) <span class="_ _7"> </span>I<span class="_ _1"></span>n Au<span class="_ _1"></span>gus<span class="_ _1"></span>t 2024, t<span class="_ _1"></span>he G<span class="_ _1"></span>rou<span class="_ _1"></span>p se<span class="_ _1"></span>cu<span class="_ _1"></span>re<span class="_ _1"></span>d a new £45<span class="_ _1"></span>0.0<span class="lsaa wsbd"> million</span> RC<span class="_ _1"></span>F<span class="_ _0"></span>. T<span class="_ _1"></span>he G<span class="_ _1"></span>ro<span class="_ _1"></span>up c<span class="_ _1"></span>an<span class="_ _1"></span>ce<span class="_ _1"></span>lle<span class="_ _1"></span>d it<span class="_ _1"></span>s pr<span class="_ _1"></span>ev<span class="_ _1"></span>iou<span class="_ _1"></span>s £3<span class="_ _1"></span>00<span class="_ _1"></span>.0<span class="lsaa wsbd"> million</span> RC<span class="_ _1"></span>F at t<span class="_ _1"></span>his d<span class="_ _1"></span>at<span class="_ _1"></span>e. T<span class="_ _1"></span>he G<span class="_ _1"></span>rou<span class="_ _1"></span>p’s C<span class="_ _1"></span>$10<span class="lsaa wsbd"> million<span class="_ _0"></span><span class="ls30 ws2"> R<span class="_ _1"></span>CF a<span class="_ _1"></span>lso<span class="_ _1"></span> </span></span></div><div class="t m0 h10 ff2 fsa fc1 sc0 ls30 ws2 gs67c">ma<span class="_ _1"></span>tu<span class="_ _1"></span>red d<span class="_ _1"></span>ur<span class="_ _1"></span>in<span class="_ _1"></span>g 2024. S<span class="_ _1"></span>ee n<span class="_ _1"></span>ot<span class="_ _1"></span>e 4.2 f<span class="_ _1"></span>or f<span class="_ _1"></span>ur<span class="_ _1"></span>th<span class="_ _1"></span>er i<span class="_ _1"></span>nfo<span class="_ _1"></span>rm<span class="_ _1"></span>at<span class="_ _1"></span>io<span class="_ _1"></span>n on t<span class="_ _1"></span>he G<span class="_ _1"></span>rou<span class="_ _1"></span>p’s f<span class="_ _1"></span>ac<span class="_ _1"></span>ili<span class="_ _1"></span>ti<span class="_ _1"></span>es<span class="_ _1"></span>. As a<span class="_ _1"></span>t 31 Dec<span class="_ _1"></span>em<span class="_ _1"></span>be<span class="_ _1"></span>r 2024, t<span class="_ _1"></span>he G<span class="_ _1"></span>ro<span class="_ _1"></span>up ha<span class="_ _1"></span>d no c<span class="_ _1"></span>as<span class="_ _1"></span>h or n<span class="_ _1"></span>on-<span class="_ _1"></span>c<span class="_ _1"></span>ash d<span class="_ _1"></span>ra<span class="_ _1"></span>wi<span class="_ _1"></span>ngs u<span class="_ _1"></span>nd<span class="_ _1"></span>er t<span class="_ _1"></span>he<span class="_ _1"></span> </div><div class="t m0 h10 ff2 fsa fc1 sc0 ls30 ws2 gs67d">RC<span class="_ _1"></span>F<span class="_ gs67e"> </span>(2023: £4<span class="_ _1"></span>6.<span class="_ _0"></span>1<span class="lsaa wsbd"> million</span> in l<span class="_ _1"></span>ett<span class="_ _1"></span>er<span class="_ _1"></span>s of c<span class="_ _1"></span>red<span class="_ _1"></span>it w<span class="_ _1"></span>ere d<span class="_ _1"></span>ra<span class="_ _1"></span>wn).<span class="_ _339"> </span></div><div class="t m0 h6 ff2 fs3 fc1 sc0 ls8 ws2 gs67f">Fur<span class="_ _1"></span>t<span class="_ _1"></span>her c<span class="_ _1"></span>omm<span class="_ _1"></span>ent<span class="_ _1"></span>ar<span class="_ _9"></span>y on t<span class="_ _1"></span>ot<span class="_ _1"></span>al c<span class="_ _1"></span>ash a<span class="_ _1"></span>nd co<span class="_ _1"></span>mmi<span class="_ _1"></span>tte<span class="_ _1"></span>d fa<span class="_ _1"></span>cili<span class="_ _1"></span>ti<span class="_ _1"></span>es is co<span class="_ _1"></span>nt<span class="_ _1"></span>ain<span class="_ _1"></span>ed w<span class="_ _1"></span>ith<span class="_ _1"></span>in th<span class="_ _1"></span>e CFO<span class="_ _1"></span>’s fina<span class="_ _1"></span>nci<span class="_ _1"></span>al rev<span class="_ _1"></span>iew s<span class="_ _1"></span>ta<span class="_ _1"></span>rt<span class="_ _1"></span>ing o<span class="_ _1"></span>n pa<span class="_ _1"></span>ge 18.</div> please review selected entries. |
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