London · Delayed Price · Currency is GBP · Price in GBX Drax Group Earnings Call Transcripts
Fiscal Year 2026
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A £561 million all-cash acquisition of a UK renewables fund will boost generating capacity by 19%, deliver significant synergies, and support long-term growth in renewables, with strong contracted cash flows and a robust development pipeline.
Fiscal Year 2025
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Strong 2025 results featured record renewable output, robust cash flow, and increased shareholder returns. Strategic investments in battery storage and FlexGen are set to drive future growth, while the Canadian pellet business faces ongoing challenges and impairments.
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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 featured 24% EBITDA growth, robust cash flow, and a strengthened balance sheet. Key investments in flexible generation, pellet production, and BECCS position the business for long-term growth, with a GBP 300 million share buyback and increased dividends announced.