DCC has reported higher annual profits as demand for fuels, gas and solar energy solutions strengthened, reinforcing its focus on energy markets following a broader business restructuring. For the business energy sector, the results highlight how distributors are repositioning portfolios to capture demand linked to energy security, electrification and long-term infrastructure investment.

RTÉ reported that DCC posted operating profits of £634m (€751.7m) for the year to the end of March, representing a 3.6% year-on-year increase. Adjusted earnings per share rose 9.9% to 438.1 pence, while revenues declined 2.9% to £15.44bn (€18.3bn), reflecting lower product volumes in some markets.

The company, which owns Flogas and Certa in Ireland, said demand for energy products strengthened towards the end of the financial year as geopolitical tensions in the Middle East supported higher consumption across parts of its portfolio. DCC sold 14.7 billion litres of product during the year, down 3.2%, with softer commercial demand in Nordic markets and milder weather affecting volumes.

DCC also announced plans to rename the business DCC Energy, subject to shareholder approval, following strategic disposals aimed at creating a more focused energy group. During the year, the company completed the sale of its healthcare and information technology businesses and has formally begun the process to sell the remainder of its technology division.

Chief executive Donal Murphy said: “With a simpler, more focused group, a strong financial platform, and a high cash generative Energy business with attractive organic growth prospects, our performance keeps us on track to deliver our £830m operating profit ambition by 2030.”

The update comes as energy distributors continue adapting to shifting demand patterns and increased investment in diversified energy solutions.

Explore the full details on DCC’s annual energy performance here.