Revenue at Yorkshire Water has increased by 6.5% year-on-year in the six months to 30 September, reaching £653.1m.

The water firm said that this rise was "largely a result of the inflationary annual price increase".

Its operating profit has also increased in this time to £173.9m, which is a year-on-year jump of 25.5%.

Yorkshire Water’s adjusted EBITDA has also jumped in the period to £358.6m, increasing 13.8%.

In this period, it paid out dividends of £37.5m, doubling the amount paid out in the same period last year.

Chief executive officer at Yorkshire Water, Nicola Shaw, said: "The first half of the financial year, the last full year in the current five-year regulatory investment period, has seen continued progress towards meeting our commitments on investment and performance.

"While there are areas where we have more to do to drive better outcomes, the company’s board, staff and delivery partners have continued our efforts to drive improvements in overall performance to ensure we start our new investment period, beginning in April 2025, in the best possible position."

Looking ahead, the firm said that it had received the go-ahead from the utilities regulator, Ofwat, for its investment plans between 2025 and 2030.

Yorkshire Water has said that it is looking to investment £8.2bn over this period, taking into account Ofwat’s feedback and further insight from customers and stakeholders to provide financial support during the cost of living challenges.

Under these proposals, the firm is set to provide £55m in social tariff support to assist a further 65,000 customers.

In conclusion, Shaw stated: "The Government has recently appointed a new independent commission to look at the future of water sector regulation. We will be engaging closely with the commission to seek better outcomes for our customers and the environment.

"The publication of Ofwat’s final determination on our business plan for 2025-2030, and the conclusion of our 2020- 2025 investment programme will be key areas for the second half of the financial year. A successful completion of one investment period, and the beginning of another, will provide a significant step forward towards achieving a thriving Yorkshire."

---