SSE now expcts to make 160 pence per share in the 2022-23 financial year, up from previous guidance of more than 150 pence/share.
It credits the upgrade to a “continued strong performance” from its flexible generation plant as it supported the security of UK energy supplies.
Finance director Gregor Alexander said: “As we progress our ambitious net zero acceleration programme, we are investing more than we make in profits into the infrastructure society needs for a more secure, affordable and clean energy system. Our balanced business model has performed well in a volatile year, helping to ensure security of supply.
“At the same time, we are progressing multiple projects and adding to our pipeline as we deliver on our net zero-focused electricity infrastructure strategy. This strong performance leaves us well positioned to continue our significant investment programme and we will update the market with more detail in May.”