London · Delayed Price · Currency is GBP · Price in GBX Greencoat UK Wind Earnings Call Transcripts
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 with 1.5x dividend cover despite lower wind and Hornsea One outage. NAV slightly down due to long-term power price softness, but dividend and buybacks increased. Positioned for growth as UK wind market expands under supportive government policy.