Electricity
Drax Group is a UK power-generation and energy-infrastructure company centred on the Drax power station in Yorkshire. It operates biomass generation, hydro and pumped-storage assets and is expanding into flexible and renewable energy.
Biomass electricity generation, pumped-storage hydro, flexible power, biomass pellet production and trading, renewable-energy services and development of battery and other energy-system assets.
Predominantly the UK electricity market, with biomass supply operations in North America and exposure to international energy and commodity markets.
UK power prices, generation volumes, government support arrangements, biomass costs, plant availability, flexible-power demand, acquisition integration and progress on new storage and renewable projects.
Energy-price volatility, biomass sustainability regulation, government policy, subsidy changes, plant outages, fuel supply, political scrutiny and execution of large renewable and storage investments.
30 July 2026: first-half adjusted EBITDA fell to £279m from £460m as power prices weakened. Drax is nevertheless expanding its flexible and renewable portfolio, including the agreed acquisition of Bluefield Solar Income Fund and the purchase of Flexitricity.
Pays interim and final dividends. The 2026 interim dividend is 12.9p, ex-dividend on 24 September and payable on 23 October. Management indicated an expected full-year 2026 dividend of 32.2p, subject to performance and Board approval.
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