United Kingdom · Delayed Price · Currency is GBP · Price in GBX Greencoat Uk Wind Earnings Call Transcripts
Fiscal Year 2026
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The investment proposition remains a well-covered, inflation-linked dividend, while reinvestment expands beyond operating assets to construction, life extension and repowering. Five-year forecasts include GBP 0.9bn-GBP 1.4bn for reinvestment, with gradual, selective deployment.
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Strong H1 2026 results featured 36% higher net cash generation, robust dividend cover, and above-budget wind output. The business remains self-sustaining, with ample cash for reinvestment and a clear path to reduce gearing, supported by stable NAV and prudent refinancing.
Fiscal Year 2025
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Strong net cash generation and robust dividend cover achieved despite low wind speeds and sector challenges. Active capital management included significant disposals, share buybacks, and debt reduction, with a positive outlook driven by demand growth and disciplined reinvestment.
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Dividend cover remains robust at 1.4x despite low wind and power prices, with £222m of asset disposals at NAV supporting buybacks and de-gearing. Policy clarity and AR7 strike price increases support a positive investment outlook.
Fiscal Year 2024
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Resilient performance maintained despite lower wind and Hornsea One outage, with 1.5x dividend cover and increased dividends above RPI. Over GBP 1 billion in excess cash generation is expected, supporting buybacks, debt repayment, and future growth amid strong sector tailwinds.