PPL Corporation

Reaffirms 6% to 8% annual EPS and dividend growth targets through at least 2028 expects to achieve EPS growth in the top half of targeted growth range.

SEC original ↗PPL Corporation — Earnings release (8-K exhibit)EX-99Jul 31, 2025

In conjunction with today's earnings announcement, PPL reaffirmed its projection of 6% to 8% annual earnings per share (EPS) and dividend growth through at least 2028, with EPS growth expected to be in the top half of the targeted range.

SEC original ↗PPL Corporation — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Significant losses on early extinguishment of debt.

SEC original ↗PPL Corporation — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Statements contained in this news release, including statements with respect to future earnings, cash flows, dividends, financing, regulation and corporate strategy, are forward-looking statements within the meaning of the federal securities laws.

SEC original ↗PPL Corporation — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Across PPL, we continue to gain momentum in executing our utility of the future strategy, said PPL President and Chief Executive Officer Vincent Sorgi.

SEC original ↗PPL Corporation — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Importantly, we also continue to focus on engaging with key stakeholders to strengthen resource adequacy and power economic development that benefits the regions we serve and enhances America s competitiveness, added Sorgi.

SEC original ↗PPL Corporation — Earnings release (8-K exhibit)EX-99Jul 31, 2025

energy company focused on providing electricity and natural gas safely, reliably and affordably to more than 3.6 million customers in the U.

SEC original ↗PPL Corporation — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Statements contained in this news release, including statements with respect to future earnings, cash flows, dividends, financing, regulation and corporate strategy, are forward-looking statements within the meaning of the federal securities laws.

SEC original ↗PPL Corporation — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Other Total Reported Earnings (1) $ 134 $ 150 $ 12 $ (106) $ 190 Less Special Items (expense) benefit Strategic corporate initiatives, net of tax of $1, $1 (2) (3) (2) (5) Acquisition integration, net of tax of $4, $19 (3) (16) (69) (85) PPL Electric billing issue, net of tax of $1 (4) (2) (2) Total Special Items (5) (16) (71) (92) Earnings from Ongoing Operations $ 134 $ 155 $ 28 $ (35) $ 282 (per share - diluted) KY PA RI Corp.

SEC original ↗PPL Corporation — Earnings release (8-K exhibit)EX-99Jul 31, 2025

This is just another example of how we are developing innovative solutions to some of the most pressing challenges in today s energy landscape.

SEC original ↗PPL Corporation — Earnings release (8-K exhibit)EX-99Jul 31, 2025

PPL s high-performing, award-winning utilities are addressing energy challenges head-on by building smarter, more resilient and more dynamic power grids and advancing sustainable energy solutions.

SEC original ↗PPL Corporation — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Although PPL Corporation believes that the expectations and assumptions reflected in these forward-looking statements are reasonable, these statements are subject to a number of risks and uncertainties, and actual results may differ materially from the results discussed in the statements.

SEC original ↗PPL Corporation — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Other Total Reported Earnings (1) $ 126 $ 139 $ (17) $ (65) $ 183 Less Special Items (expense) benefit Talen litigation costs, net of tax of ($1) (2) 4 4 Acquisition integration, net of tax of $4 (3) (13) (13) IT transformation, net of tax of $2, $1, $4 (4) (5) (3) (16) (24) Energy efficiency programs settlement (5) 2 2 Office relocation and related costs, net of tax of $0, $0 (6) (1) (1) (2) Post TSA adjustments, net of tax of $7 (7) (24) (24) Total Special Items (6) (1) (25) (25) (57) Earnings from Ongoing Operations $ 132 $ 140 $ 8 $ (40) $ 240 (per share - diluted) KY PA RI Corp.

SEC original ↗PPL Corporation — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Other Total Reported Earnings (1) $ 0.17 $ 0.19 $ (0.02) $ (0.09) $ 0.25 Less Special Items (expense) benefit Talen litigation costs (2) 0.01 0.01 Acquisition integration (3) (0.02) (0.02) IT transformation (4) (0.01) (0.02) (0.03) Post TSA adjustments (7) (0.03) (0.03) Total Special Items (0.01) (0.03) (0.03) (0.07) Earnings from Ongoing Operations $ 0.18 $ 0.19 $ 0.01 $ (0.06) $ 0.32 (1) Reported Earnings represents Net Income.

SEC original ↗PPL Corporation — Earnings release (8-K exhibit)EX-99Jul 31, 2025

(2) PPL incurred legal expenses and received insurance reimbursement related to litigation associated with its former affiliate, Talen Montana, LLC and certain affiliated entities.

SEC original ↗PPL Corporation — Earnings release (8-K exhibit)EX-99Jul 31, 2025