Ireland · Delayed Price · Currency is EUR Greencoat Renewables Earnings Call Transcripts
Fiscal Year 2025
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2025 saw lower revenue and NAV due to weak wind generation, but strong cash generation supported dividends and a €100 million buyback. Strategic focus shifts to value-accretive growth, data center investments, and asset rotation to boost returns and contracted revenue mix.
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H1 2025 delivered strong cash flow and dividend cover despite low wind and power prices, with significant capital recycling and asset disposals at a premium to NAV. The business is well-positioned for growth in renewables, especially in Ireland, and benefits from robust contracted revenues and disciplined capital allocation.
Fiscal Year 2024
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Pan-European renewable platform delivered €148M cash in 2024, supporting a 2x dividend cover and €100M returned to shareholders. Despite lower wind speeds and power prices, strong asset management, refinancing, and strategic disposals underpinned resilient performance.
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Record H1 revenue and cash generation supported a 5% dividend increase and robust dividend cover, with 86% of revenues contracted and strong balance sheet metrics. Strategic PPAs and market trends in data centers and AI are driving value, while capital allocation remains flexible.