Gore Street Energy Storage Fund Plc has declared a quarterly dividend of 1.75 pence per ordinary share for the Q4 FY25/26. The ex-dividend date will be 30 July 2026, followed by a record date of 31 July 2026. The dividend will be paid on or around 01 September 2026.
Other Financial Highlights:
- Revenue during the year increased to £36.27m (31 March 2025: £32.84)
- Average revenue for the year was £7.32 per MW/hr (31 March 2025: £9.56 per MW/hr). Though reducing year-on-year due to challenging market conditions in GB and Texas, this figure shows the benefit of diversification over a GB-only portfolio, which averaged £5.60/MW/hr
- Average asset availability of 94.5% during the year (31 March 2025: 95.3%).
- Operational EBITDA was £18.0m (31 March 2025: £18.5m), which reduced marginally, primarily reflecting lower average revenue per MW across a larger operational portfolio, against a largely fixed cost base per MW.
- The Group held cash or cash equivalents at the period end of £51.6m and £37.8m in undrawn debt capacity.
- Total Group debt drawn was £105.8 million, resulting in a GAV gearing ratio of 21.9% (31 March 2025: 17.8%)
