The earnings call reflects a strong operational and financial performance with significant progress on government agreements, substantial shareholder returns, and future growth opportunities. Challenges remain with reduced biomass earnings, potential pellet market oversupply, and project delays.

Company Guidance

In the recent call, the company provided an extensive overview of its financial performance and strategic outlook, highlighting key metrics for guidance. The company maintained its target of GBP 600 million to GBP 700 million in EBITDA from its FlexGen, Pellet Production, and Drax Power Station operations post-2027. It reported a record level of pellet production, up 5% from the previous year, contributing to increased EBITDA in its pellet business. The company's adjusted EBITDA for the first half was GBP 460 million, despite a decrease in the all-in achieved power price for biomass generation. The firm is pursuing a three-year, GBP 450 million share buyback program, supported by a working capital inflow related to the end of the renewable obligation scheme. Additionally, the company is enhancing its dividend by 11.5% for 2025 and has completed GBP 272 million of the current GBP 300 million share buyback program. The company's leverage stands at 1.1x, significantly below its long-term target of around 2x. Looking forward, the company continues to progress its low-carbon dispatchable CfD agreement with the UK government, which will cover all four units at the Drax Power Station until 2031, potentially contributing GBP 100 million to GBP 200 million of EBITDA annually. It also plans to invest in expanding its Cruachan hydroelectric facility and building new open cycle gas turbines, further supporting its strategic alignment with the energy transition.

Strong Performance in Renewable Power and Pellet Production

The company delivered a strong performance in the first half of the year, producing more power than last year and accounting for 5% of U.K. power and 11% of U.K. renewables. Record level of pellet production increased by 5% from last year, driving increased EBITDA in the pellet business.

Significant Progress on Low-Carbon Dispatchable CfD

Agreement with the U.K. government for a low-carbon dispatchable CfD covering all 4 units at Drax Power Station through March 2031. Legislation enabling this agreement is now in place, with the CMA's review of the subsidy regime complete.

Strong Financial Performance and Shareholder Returns

Adjusted EBITDA of GBP 460 million with an 11.5% increase in dividends per share for 2025. Share buyback program extended by GBP 450 million over three years.

Future Growth and Investment Opportunities

Plans to invest in expanding the pump storage assets, exploring battery storage, and exploring data center opportunities with a 100-megawatt development potential.

Drax Group plc (GB:DRX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GB:DRX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 26, 2026	2025 (Q4)	- / -	0.494	―	―	―
Jul 31, 2025	2025 (Q2)	- / 0.64	0.649	-0.92% (>-0.01)	―	―
Feb 27, 2025	2024 (Q4)	- / 0.49	0.81	-39.01% (-0.32)	―	―
Jul 26, 2024	2024 (Q2)	- / 0.65	0.45	44.22% (+0.20)	―	―
Feb 29, 2024	2023 (Q4)	- / 0.81	-0.16	606.25% (+0.97)	―	―
Jul 27, 2023	2023 (Q2)	0.40 / 0.45	0.193	133.16% (+0.26)	―	―
Feb 23, 2023	2022 (Q4)	- / -0.16	0.073	-319.18% (-0.23)	―	―
Jul 26, 2022	2022 (Q2)	0.16 / 0.19	0.142	35.92% (+0.05)	―	―
Feb 24, 2022	2021 (Q4)	- / 0.07	0.183	-60.11% (-0.11)	―	―
Jul 29, 2021	2021 (Q2)	0.13 / 0.14	0.107	32.71% (+0.03)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GB:DRX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	678.00p	707.50p	+4.35%
Feb 27, 2025	624.36p	601.98p	-3.58%
Jul 26, 2024	542.42p	618.06p	+13.94%
Feb 29, 2024	389.61p	433.14p	+11.17%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Drax Group PLC (GB:DRX) report earnings?

Drax Group PLC (GB:DRX) is schdueled to report earning on Feb 26, 2026, TBA (Confirmed).

What is Drax Group PLC (GB:DRX) earnings time?

Drax Group PLC (GB:DRX) earnings time is at Feb 26, 2026, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Drax Group PLC stock?

The P/E ratio of Drax Group plc is N/A.

What is GB:DRX EPS forecast?

Currently, no data Available

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