Record Pellet Production
Achieved a record level of pellet production, 5% higher than last year, driving increased EBITDA in the pellet business.
Strong EBITDA Targets
Continuing to target EBITDA of GBP 600 million to GBP 700 million from FlexGen, Pellet Production, and Drax Power Station post-2027.
Dividend and Buyback Program
Proposing an 11.5% increase in dividends per share for 2025 and announcing an additional GBP 450 million, 3-year extension of the current share buyback program.
Positive Government Engagement
Progress on low-carbon dispatchable CfD agreement with the U.K. government, covering Drax Power Station through March 2031.
Strong Balance Sheet
Maintained a strong balance sheet with 1.1x leverage, significantly below the long-term target of around 2x.