London · Delayed Price · Currency is GBP · Price in GBX Drax Group Earnings Call Transcripts
Fiscal Year 2025
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Strong 2025 results with record renewable output, robust cash flow, and a solid balance sheet support growth in FlexGen and battery storage. Strategic focus remains on U.K. energy transition, disciplined capital allocation, and managing risks in the Canadian pellet business.
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Strong H1 performance with record pellet output, robust cash flow, and a new £450m buyback extension. Post-2027 EBITDA target reaffirmed, with growth focused on FlexGen, energy solutions, and disciplined capital allocation.
Fiscal Year 2024
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Strong 2024 results with 5% adjusted EBITDA growth, robust cash flow, and a strengthened balance sheet. Upgraded post-2027 EBITDA target to £600–700 million, supported by a new CFD agreement and growth in FlexGen and pellet production. Disciplined capital allocation and positive long-term outlook.
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Strong H1 2024 results with 24% EBITDA growth, robust cash flow, and a strengthened balance sheet support a £300 million share buyback and 12.6% dividend increase. Strategic investments in Flexgen, pellets, and BECCS position the business for long-term growth.