British Gas owner reports slump in annual profits to £2.3bn

<p>Centrica’s adjusted earnings down by a third from 2023 when profits hit £3.5bn after £500m Ofgem windfall</p><ul><li><a href="https://www.theguardian.com/business/live/2025/feb/20/uk-consumer-confidence-sinks-lloyds-bank-profits-drop-motor-finance-stock-markets-business-live-news">Business live – latest updates</a></li></ul><p>The owner of British Gas has reported a slump in its annual profits after the supplier was ousted as Britain’s largest provider of gas and electricity for the first time last year.</p><p>The supplier’s parent company, <a href="https://www.theguardian.com/business/centrica">Centrica</a>, reported adjusted earnings of £2.3bn for last year, down by a third from 2023 when its profits reached £3.5bn after a £500m windfall from the energy regulator.</p> <a href="https://www.theguardian.com/business/2025/feb/20/british-gas-owner-centrica-reports-slump-annual-profits">Continue reading...</a>