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 falling power prices in 2025. Active capital management included significant share buybacks, asset disposals at NAV, and debt reduction, with a positive long-term outlook supported by government policy and rising electricity demand.
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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.