British Gas owner pauses share buyback as profits plummet

Drop of almost 39% for Centrica comes after mild weather meant households used less gas and electricity

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The owner of British Gas has paused its plan to buy back shares from shareholders after the company’s full-year profits slumped by almost 39%.

Centrica reported adjusted earnings of £1.42bn for 2025, down from £2.3bn the year before, after a “challenging” year for the business as it undertakes a series of multibillion-pound investments.