Centrica, the parent company of British Gas, announced the suspension of its share buyback initiative due to a significant decline in profits for the fiscal year. The company reported adjusted earnings of £1.42 billion for 2025, a dramatic decrease from £2.3 billion the previous year, highlighting the financial difficulties it has encountered amidst ongoing challenges in the energy market. The company is also engaging in several multibillion-pound investments, aiming to stabilize and enhance its business operations.

Despite a slight increase in its customer base, British Gas experienced reduced profits, attributed mainly to milder weather conditions that led to lower energy consumption in households. The company’s adjusted profits fell from £364 million to £309 million, even as it grew its household customer accounts by 1%, reaching nearly 8 million. This decline underscores the struggle in maintaining profitability in a competitive and volatile energy sector, where external conditions can greatly impact revenue.

Centrica's Chief Executive, Chris O’Shea, acknowledged the difficulties faced by the company and emphasized that halting the buyback was a strategic move designed to prioritize long-term investments that would ultimately benefit shareholders. As the energy landscape continuously shifts, Centrica is focusing on securing reliable and affordable energy solutions for both households and businesses, even as it navigates through a period of financial readjustment and increased capital expenditure.