Drax Group announce a 12.9 pence per ordinary share will be paid as an interim dividend. The interim dividend will be paid on 23 October 2026 with a record date of 25 September 2026 and an ex-dividend date of 24 September 2026 (ISIN: GB00B1VNSX38, TIDM: DRX).
Other financial highlights include:
Good performance across the Group
High levels of renewable generation and system support - c.6% of UK power, 10% of UK renewables
First OCGT commissioned, operational and performing well - c.0.3GW capacity added to portfolio
Cruachan turbine upgrade progressing, work continuing to resolve grid access restriction
Strong balance sheet
£630 million of cash and committed facilities, 1.3x Net debt to Adj. EBITDA
Expected full year dividend up 11.0% to 32.2 pence per share (2025: 29.0 pence per share)
Return of surplus capital beyond investment requirements - £48 million share buybacks
Programme paused in view of proposed acquisition of Bluefield Solar Income Fund (BSIF)
