Business
Annual Financial Report
Drax Group PLC reported full-year results for the twelve months ended 31 December 2025, with Adjusted EBITDA decreasing to £947 million from £1,064 million in 2024, primarily due to lower achieved power prices, though Adjusted basic EPS increased to 137.7 pence from 128.4 pence, supported by share buybacks and lower finance costs. The company generated record renewable generation, contributing 6% of UK power, and proposed a dividend per share of 29.0 pence, an 11.5% increase from 2024. Significant events included the signing of a low carbon dispatchable Contract for Difference for Drax Power Station and a £300 million share buyback programme completion, with a £450 million extension commenced. The company also made commitments of approximately £0.5 billion in Battery Energy Storage Systems developments and an acquisition. Disclaimer*
About this update from Drax Group Plc
[{"type":"text","content":"\n\n26 February 2026\nDRAX GROUP PLC (Symbol: DRX)\nFULL YEAR RESULTS FOR THE TWELVE MONTHS ENDED 31 DECEMBER 2025\nRecord levels of renewable generation\n\n\n\n\nTwelve months ended 31 December\n\n\n2025\n\n\n2024\n\n\n\n\nKey financial performance measures\n\n\n\n\n\n\n\n\n\n\nAdjusted EBITDA(1/2/3) (£ million)\n\n\n947\n\n\n1,064\n\n\n\n\nNet debt(4) (£ million)\n\n\n784\n\n\n992\n\n\n\n\nAdjusted basic EPS(1) (pence)\n\n\n137.7\n\n\n128.4\n\n\n\n\nDividend per share (pence)\n\n\n29.0\n\n\n26.0\n\n\n\n\nTotal financial performance measures\n\n\n\n\n\n\n\n\n\n\nOperating profit (£ million)\n\n\n241\n\n\n850\n\n\n\n\nProfit before tax (£ million)\n\n\n190\n\n\n753\n\n\n\n\nDrax Group CEO, Will Gardiner, said: \"In 2025, we produced more renewable power than ever before, delivering energy security for the UK. Our colleagues and supply chain partners work around the clock to help keep the lights on for millions of the UK's households and businesses, no matter the weather.\n\"The signing of the new low carbon dispatchable CfD is an inflection point for the Group. It provides the foundation for us to keep supporting the UK with the flexible, renewable power it needs for security of supply this decade and beyond.\n\"The energy transition and growth in AI are creating opportunities for us to invest and grow our business further in line with the country's energy needs. We are making good progress on this with our initial investments in Battery Energy Storage Systems (BESS), which we see as an attractive market. We will continue to explore options to invest in flexible and renewable energy, creating value for stakeholders and attractive returns for shareholders in line with our capital allocation policy.\"\nHighlights\n· Strong operational and underlying financial performance across the Group\n· Record levels of renewable generation - 6% of UK power, 11% of UK renewables\n· Record levels of pellets produced - 5% increase vs. 2024\n· Strong Adj. EBITDA with Adj. EPS growth benefiting from share buybacks and lower net finance costs\n· Reduction in operating profit primarily reflects non-cash charge for impairments of £378 million\n· Signing of low carbon dispat...