Ireland · Delayed Price · Currency is EUR Greencoat Renewables Earnings Call Transcripts
Fiscal Year 2025
-
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.
-
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
-
Pan-European renewable platform delivered €357M revenue and €208M EBITDA in 2024, with strong cash generation and a 5% dividend increase. Focus remains on capital allocation, deleveraging, and leveraging data center demand, while maintaining high contracted cash flows and resilience despite market headwinds.
-
Record H1 2024 revenue and cash generation drove a 3x dividend cover, with strong portfolio diversification and high contracted revenue underpinning resilience. Corporate PPAs and data center demand are boosting long-term value, while capital allocation remains flexible.