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Drax Group plc
(LSE:DRX)
Drax Group plc (DRX) vs. S&P 500 (SPY)
Drax Group plc Business Overview & Revenue Model
Drax Group plc Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 6.16B | 8.13B | 7.78B | 5.09B | 4.24B | Gross Profit |
| 1.88B | 1.78B | 1.02B | 891.20M | 725.70M | EBIT |
| 850.20M | 908.20M | 251.10M | 196.50M | 122.30M | EBITDA |
| 1.10B | 1.14B | 400.10M | 391.50M | 4.50M | Net Income Common Stockholders |
| 526.60M | 562.20M | 85.10M | 55.10M | -194.60M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 356.00M | 379.50M | 238.00M | 317.40M | 289.80M | Total Assets |
| 5.39B | 6.04B | 6.39B | 5.82B | 4.19B | Total Debt |
| 1.29B | 1.56B | 1.59B | 1.49B | 1.10B | Net Debt |
| 937.20M | 1.18B | 1.36B | 1.17B | 806.10M | Total Liabilities |
| 3.30B | 4.06B | 5.07B | 4.52B | 2.85B | Stockholders Equity |
| 2.08B | 1.97B | 1.31B | 1.29B | 1.34B |
| Cash Flow | Free Cash Flow | |||
| 472.00M | 394.50M | 33.00M | 96.80M | 131.80M | Operating Cash Flow |
| 859.50M | 835.60M | 207.70M | 306.50M | 306.20M | Investing Cash Flow |
| -389.90M | -451.80M | -180.70M | -228.80M | -171.30M | Financing Cash Flow |
| -491.60M | -237.90M | -111.90M | -50.40M | -249.10M |
Drax Group plc Technical Analysis
Drax Group plc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £7.84B | 6.15 | 32.10% | 2.62% | -24.74% | -63.34% | |
75 Outperform | £2.21B | 4.41 | 26.02% | 4.19% | -22.46% | -3.74% | |
71 Outperform | £8.02B | 34.37 | 17.17% | 4.45% | 5.38% | 86.34% | |
71 Outperform | £18.82B | 9.57 | 21.94% | 3.62% | -13.09% | 231.40% | |
67 Neutral | £52.54B | 24.72 | 5.28% | 5.21% | -6.68% | -77.57% | |
64 Neutral | £7.54B | 66.60 | 5.50% | 4.57% | 8.61% | ― | |
63 Neutral | $8.48B | 10.79 | 5.35% | 4.36% | 3.55% | -11.17% |
Drax Group plc Earnings Call Summary
Drax Group plc Corporate Events
Drax Group plc has announced the purchase of 100,000 of its own ordinary shares as part of its ongoing share buyback programme. This transaction, executed through RBC Europe Limited, reflects Drax Group’s commitment to enhancing shareholder value and managing its capital structure effectively. The buyback programme, initiated in August 2024, has so far resulted in the acquisition of 33,810,141 shares for treasury, indicating a strategic approach to optimize the company’s financial operations and shareholder returns.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc’s overall stock score reflects a robust financial foundation with strong cash flow, profitability, and attractive valuation metrics. The company’s strategic initiatives and shareholder value enhancement through buybacks support its market position. However, technical indicators suggest caution, and regulatory uncertainties could impact future growth. The stock remains appealing to value and income-focused investors.
To see Spark’s full report on GB:DRX stock, click here.
Drax Group plc has executed a share buyback transaction, purchasing 118,006 of its ordinary shares at a weighted average price of 626.98 pence. This move is part of a buyback program initiated in August 2024, aimed at consolidating its share capital and potentially enhancing shareholder value. Following this transaction, the company holds 429,593,373 ordinary shares in issue, with 73,683,133 shares held in treasury. The total number of voting rights, excluding treasury shares, is now 355,910,240, which is relevant for shareholders and stakeholders monitoring their interests under regulatory obligations.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc’s strong financial performance, particularly in cash generation and profitability, drives a solid stock score. Attractive valuation metrics bolster this, though technical indicators and regulatory uncertainties suggest some caution.
To see Spark’s full report on GB:DRX stock, click here.
Drax Group plc has executed a share buyback transaction, purchasing 75,000 of its ordinary shares at an average price of 618.38 pence per share. This transaction is part of a previously announced buyback program, and following this purchase, the company holds 429,593,373 ordinary shares in issue, with 73,565,127 held in treasury. The buyback is a strategic move to manage the company’s capital structure and potentially enhance shareholder value.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc scores well due to its strong financial performance, attractive valuation, and strategic initiatives. The company’s strengths in cash flow and profitability are significant factors, supported by a robust earnings call. Technical indicators suggest cautious optimism due to potential overbought conditions. Regulatory uncertainties present challenges, but strategic plans are in place to address these issues.
To see Spark’s full report on GB:DRX stock, click here.
Drax Group plc has executed a share buyback transaction, purchasing 200,000 of its ordinary shares at an average price of 610.06 pence per share. This move is part of a previously announced share buyback program, reflecting the company’s strategy to manage its capital structure and enhance shareholder value.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc scores well due to its strong financial performance, attractive valuation, and strategic initiatives. The company’s strengths in cash flow and profitability are significant factors, supported by a robust earnings call. Technical indicators suggest cautious optimism due to potential overbought conditions. Regulatory uncertainties present challenges, but strategic plans are in place to address these issues.
To see Spark’s full report on GB:DRX stock, click here.
Drax Group plc announced that as of April 30, 2025, its issued share capital comprises 429,592,911 ordinary shares, with 73,190,127 held in treasury and not carrying voting rights. This results in a total of 356,402,784 voting rights, which shareholders can use to determine their notification requirements under the FCA’s Disclosure and Transparency Rules.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc scores well due to its strong financial performance, attractive valuation, and strategic initiatives. The company’s strengths in cash flow and profitability are significant factors, supported by a robust earnings call. Technical indicators suggest cautious optimism due to potential overbought conditions. Regulatory uncertainties present challenges, but strategic plans are in place to address these issues.
To see Spark’s full report on GB:DRX stock, click here.
Drax Group plc announced that Ms. Andrea Bertone, a non-executive director and chair of the Board, has stepped down from her position as a non-executive director at Amcor plc. This change follows the completion of a merger between Amcor plc and Berry Global Group Inc., effective April 30, 2025, which may impact the company’s governance and strategic direction.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc scores well due to its strong financial performance, attractive valuation, and strategic initiatives. The company’s strengths in cash flow and profitability are significant factors, supported by a robust earnings call. Technical indicators suggest cautious optimism due to potential overbought conditions. Regulatory uncertainties present challenges, but strategic plans are in place to address these issues.
To see Spark’s full report on GB:DRX stock, click here.
Drax Group plc announced the results of its Annual General Meeting held on May 1, 2025, where all 20 resolutions were successfully passed. Key resolutions included the approval of the annual report, the election and re-election of directors, and the authorization of share allotments and purchases, indicating strong shareholder support and strategic alignment with the company’s goals.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc has strong cash flow and profitability, supported by attractive valuation metrics. Regulatory uncertainties and inconsistent revenue growth present challenges, but strategic initiatives and share buybacks reinforce shareholder value. Technical indicators suggest cautious optimism.
To see Spark’s full report on GB:DRX stock, click here.
Drax Group plc announced a strong operational performance in early 2025, with expectations for full-year adjusted EBITDA at the top end of consensus estimates. The company is progressing with a £300 million share buyback program and plans to enhance its capacity through investments in pumped storage and hydro projects. Drax is also commissioning new Open Cycle Gas Turbines and has secured significant capacity market agreements, extending its earnings visibility to 2043. The company is committed to sustainable practices, including a joint venture for low-carbon cement production and an updated Biomass Sourcing Policy.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc has strong cash flow and profitability, supported by attractive valuation metrics. Regulatory uncertainties and inconsistent revenue growth present challenges, but strategic initiatives and share buybacks reinforce shareholder value. Technical indicators suggest cautious optimism.
To see Spark’s full report on GB:DRX stock, click here.
Drax Group plc has executed a share buyback transaction, purchasing 150,000 ordinary shares at an average price of 615.08 pence per share. This transaction is part of a previously announced buyback program, and the company now holds 73,190,127 shares in treasury, impacting the total voting rights available to shareholders.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc has strong cash flow and profitability, supported by attractive valuation metrics. Regulatory uncertainties and inconsistent revenue growth present challenges, but strategic initiatives and share buybacks reinforce shareholder value. Technical indicators suggest cautious optimism.
To see Spark’s full report on GB:DRX stock, click here.
Drax Group plc has executed a share buyback transaction, purchasing 151,339 ordinary shares at a weighted average price of 609.46 pence per share. This move is part of its ongoing share buyback program initiated in August 2024, aimed at optimizing capital structure and enhancing shareholder value. Following this transaction, Drax Group’s total number of shares in issue stands at 429,592,911, with 73,040,127 held in treasury. The buyback reflects the company’s strategic focus on financial stability and shareholder returns, potentially impacting its market position and investor relations.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc’s overall stock score is driven by strong financial performance and an attractive valuation, offset by technical indicators suggesting caution and regulatory uncertainties. The company’s strategic initiatives and solid dividend yield further support its appeal, particularly for value and income-focused investors.
To see Spark’s full report on GB:DRX stock, click here.
Drax Group plc, through its subsidiary Drax BESS Holdco Limited, announced an update regarding its acquisition of Harmony Energy Income Trust plc (HEIT). The acquisition process, which was initially supported by an irrevocable undertaking from Schroder & Co Ltd, has seen a reduction in committed shares due to the lapse of the undertaking. This development may impact Drax’s strategic positioning in expanding its renewable energy portfolio.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc’s overall stock score reflects solid financial health with notable strengths in cash flow and profitability, supported by attractive valuation metrics. The earnings call provides a positive outlook with strategic initiatives, although regulatory uncertainties pose risks. Technical indicators suggest caution due to potential market resistance.
To see Spark’s full report on GB:DRX stock, click here.
Drax Group plc has executed a share buyback transaction, purchasing 150,000 of its ordinary shares at a weighted average price of 589.62 pence per share. This transaction is part of a previously announced buyback program, reflecting the company’s strategy to manage its capital structure and potentially enhance shareholder value. Following this purchase, Drax Group’s total number of shares in issue is 429,592,911, with 72,733,750 held in treasury. This move may influence the company’s market positioning and provide insights into its financial strategies.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc scores well due to its strong financial performance, attractive valuation, and strategic initiatives such as share buybacks. The stock’s strengths are somewhat offset by technical analysis indicators suggesting potential caution, and regulatory uncertainties highlighted in the earnings call. Overall, the stock is appealing for value and income-focused investors, with a positive outlook contingent on managing regulatory and market risks.
To see Spark’s full report on GB:DRX stock, click here.
Drax Group plc, a prominent player in the energy sector, has executed a share buyback transaction as part of its ongoing program initiated in August 2024. On April 24, 2025, the company repurchased 250,000 ordinary shares at a weighted average price of 575.85 pence per share. This move is part of Drax’s strategy to manage its capital structure and enhance shareholder value, with the total number of shares in issue now standing at 429,592,911, including treasury shares.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc demonstrates strong financial performance and attractive valuation, with strategic initiatives supporting shareholder value. However, challenges such as inconsistent revenue growth, regulatory uncertainties, and bearish technical indicators weigh on the outlook. The stock shows potential for income and value-focused investors, but caution is advised due to market and regulatory risks.
To see Spark’s full report on GB:DRX stock, click here.
Drax Group plc has executed a share buyback, purchasing 237,619 of its ordinary shares at a weighted average price of 582.63 pence per share. This transaction is part of a broader buyback program initiated in August 2024, aimed at consolidating the company’s share capital and potentially enhancing shareholder value. Following this transaction, Drax Group’s total number of shares in issue stands at 429,592,911, with 72,333,750 held in treasury, impacting the total voting rights available to shareholders.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc demonstrates strong financial performance and attractive valuation, with strategic initiatives supporting shareholder value. However, challenges such as inconsistent revenue growth, regulatory uncertainties, and bearish technical indicators weigh on the outlook. The stock shows potential for income and value-focused investors, but caution is advised due to market and regulatory risks.
To see Spark’s full report on GB:DRX stock, click here.
Drax Group plc has announced a change in the venue for its 2025 Annual General Meeting due to the unavailability of the original location. The meeting will now be held at Convene Sancroft, Rose Street, Paternoster Square, London. All other details regarding the AGM, including the date, time, and resolutions, remain unchanged, ensuring continuity for stakeholders.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc demonstrates strong financial performance and attractive valuation, with strategic initiatives supporting shareholder value. However, challenges such as inconsistent revenue growth, regulatory uncertainties, and bearish technical indicators weigh on the outlook. The stock shows potential for income and value-focused investors, but caution is advised due to market and regulatory risks.
To see Spark’s full report on GB:DRX stock, click here.
Drax Group plc has announced the purchase of 243,042 of its own ordinary shares as part of a share buyback program initiated in August 2024. This transaction, executed through RBC Europe Limited, reflects Drax’s ongoing strategy to manage its share capital effectively. Following this purchase, Drax Group’s total number of shares in issue is 429,592,911, with 72,096,131 held in treasury. The buyback program aims to optimize the company’s capital structure and potentially enhance shareholder value.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc demonstrates strong financial performance and attractive valuation, with strategic initiatives supporting shareholder value. However, challenges such as inconsistent revenue growth, regulatory uncertainties, and bearish technical indicators weigh on the outlook. The stock shows potential for income and value-focused investors, but caution is advised due to market and regulatory risks.
To see Spark’s full report on GB:DRX stock, click here.
Drax Group plc has announced the purchase of 217,300 of its ordinary shares as part of its ongoing share buyback programme. This transaction, conducted through RBC Europe Limited, reflects the company’s strategic effort to manage its share capital and potentially enhance shareholder value. Following this purchase, Drax Group has a total of 429,592,798 ordinary shares in issue, with 71,853,089 held in treasury. This move is part of a larger programme initiated in August 2024, which has seen the company acquire over 31 million shares for treasury, indicating a significant commitment to this financial strategy.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc demonstrates solid financial performance with strong cash flow and profitability, supported by attractive valuations. The continued share buyback and strategic acquisitions enhance shareholder value. Challenges include inconsistent revenue growth and bearish technical indicators, with regulatory uncertainties adding cautiousness to the outlook.
To see Spark’s full report on GB:DRX stock, click here.
Drax Group plc, a prominent player in the energy sector, has announced the purchase of 185,942 of its ordinary shares as part of its ongoing share buyback program. This transaction, executed through RBC Europe Limited, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value. The buyback program, initiated in August 2024, has seen Drax Group acquire a total of 31,662,797 shares for treasury. This move may impact the company’s market positioning by reducing the number of shares available in the market, potentially increasing the value of remaining shares.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc demonstrates solid financial performance with strong cash flow and profitability, supported by attractive valuations. The continued share buyback and strategic acquisitions enhance shareholder value. Challenges include inconsistent revenue growth and bearish technical indicators, with regulatory uncertainties adding cautiousness to the outlook.
To see Spark’s full report on GB:DRX stock, click here.
Drax Group plc has executed a share buyback transaction, purchasing 52,095 of its ordinary shares as part of its ongoing buyback program initiated in August 2024. This move, conducted through RBC Europe Limited, reflects Drax’s strategy to manage its capital structure and potentially enhance shareholder value, with implications for its market positioning and investor relations.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc demonstrates solid financial performance with strong cash flow and profitability, supported by attractive valuations. The continued share buyback and strategic acquisitions enhance shareholder value. Challenges include inconsistent revenue growth and bearish technical indicators, with regulatory uncertainties adding cautiousness to the outlook.
To see Spark’s full report on GB:DRX stock, click here.
Drax Group plc announced the grant of share options to key executives under its 2024 Sharesave Plan, affecting the interests of several senior management figures. This move, compliant with UK Market Abuse Regulation, reflects the company’s ongoing commitment to aligning management incentives with shareholder interests, potentially impacting its market position and stakeholder confidence.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc demonstrates solid financial performance with strong cash flow and profitability, supported by attractive valuations. The continued share buyback and strategic acquisitions enhance shareholder value. Challenges include inconsistent revenue growth and bearish technical indicators, with regulatory uncertainties adding cautiousness to the outlook.
To see Spark’s full report on GB:DRX stock, click here.
Drax Group plc has executed a share buyback transaction, purchasing 91,707 of its ordinary shares at an average price of 554.59 pence per share. This move is part of its ongoing share buyback program initiated in August 2024, aimed at optimizing its capital structure and providing value to shareholders. The transaction impacts the total number of voting rights and shares in issue, which stakeholders can use for transparency and disclosure purposes.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc demonstrates solid financial performance with strong cash flow and profitability, supported by attractive valuations. The continued share buyback and strategic acquisitions enhance shareholder value. Challenges include inconsistent revenue growth and bearish technical indicators, with regulatory uncertainties adding cautiousness to the outlook.
To see Spark’s full report on GB:DRX stock, click here.
Drax Group plc has announced the purchase of 215,000 of its ordinary shares as part of its ongoing share buyback programme, which was initiated in August 2024. This transaction reflects the company’s strategic efforts to manage its capital structure and enhance shareholder value, with implications for its market positioning and investor relations.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc’s overall stock score reflects a solid financial foundation with strong cash flow and profitability. The company’s attractive valuation and strategic earnings growth initiatives position it well within the renewable utilities sector. However, short-term technical challenges and regulatory uncertainties present risks. The ongoing share buyback program further supports the stock’s potential, signaling management’s confidence in future performance.
To see Spark’s full report on GB:DRX stock, click here.
Drax Group plc has applied for the block listing of 320,000 ordinary shares on the UK Listing Authority and the London Stock Exchange. These shares, associated with The Drax Group plc Sharesave Plan, will be traded on the main market and are expected to be admitted on 11 April 2025, aligning with existing shares in issue.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc’s overall score reflects its solid financial performance and attractive valuation metrics, offset by bearish technical indicators and regulatory uncertainties. The company’s strong cash flow and profitability, along with strategic earnings growth initiatives, position it well in the renewable utilities sector despite short-term technical challenges.
To see Spark’s full report on GB:DRX stock, click here.
Drax Group plc, a company involved in energy generation, has announced the purchase of 300,000 of its own ordinary shares as part of its share buyback programme initiated in August 2024. This transaction, executed through RBC Europe Limited, reflects Drax’s ongoing strategy to manage its share capital and enhance shareholder value. The buyback programme has resulted in a total of 31,118,053 shares being purchased for treasury since its announcement, potentially impacting the company’s market positioning and shareholder interests.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc’s overall score reflects its solid financial performance and attractive valuation metrics, offset by bearish technical indicators and regulatory uncertainties. The company’s strong cash flow and profitability, along with strategic earnings growth initiatives, position it well in the renewable utilities sector despite short-term technical challenges.
To see Spark’s full report on GB:DRX stock, click here.
Drax Group plc has executed a share buyback program, purchasing 58,165 ordinary shares at an average price of 554.51 pence per share. This transaction is part of a larger initiative announced in August 2024, aimed at consolidating the company’s shares and potentially enhancing shareholder value by reducing the number of shares in circulation.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group’s strong cash flow and profitability, coupled with attractive valuations, contribute positively to its stock score. However, challenges in maintaining revenue growth and a bearish technical pattern temper the overall outlook. Regulatory uncertainties and project delays add cautiousness to the sentiment.
To see Spark’s full report on GB:DRX stock, click here.
Drax Group plc has executed a share buyback transaction, purchasing 500,000 of its ordinary shares at a weighted average price of 556.55 pence. This move is part of its ongoing share buyback programme announced in August 2024, aimed at optimizing its capital structure and enhancing shareholder value. Following this transaction, Drax Group’s total number of voting rights stands at 358,856,577, excluding treasury shares, which stakeholders can use to assess their notification obligations under FCA rules.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc demonstrates strong financial performance with notable strengths in cash flow and profitability, supported by attractive valuations. While technical indicators suggest caution due to bearish trends, the earnings call provides a cautiously optimistic outlook with strategic initiatives to address challenges.
To see Spark’s full report on GB:DRX stock, click here.
Drax Group plc announced the purchase of 500,000 of its ordinary shares as part of its ongoing share buyback program initiated in August 2024. This transaction reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value, with implications for its market positioning and investor relations.
Drax Group plc has executed a share buyback transaction as part of its ongoing program, purchasing 153,433 ordinary shares at an average price of 592.75 pence per share. This transaction is part of a larger buyback initiative announced in August 2024, which has seen the company acquire a total of 29,759,888 shares for treasury, impacting the total number of voting rights and shares in issue.
Drax Group plc has announced the purchase of 135,000 of its ordinary shares as part of its ongoing share buyback program, which was initially announced in August 2024. This transaction is part of a broader strategy to manage the company’s capital structure and enhance shareholder value, reflecting Drax’s commitment to its financial health and market positioning.
Drax Group plc has executed a share buyback transaction, purchasing 166,879 of its ordinary shares as part of its ongoing share buyback programme. This move, part of a larger strategy announced in August 2024, is aimed at optimizing the company’s capital structure and potentially enhancing shareholder value by reducing the number of shares in circulation.
Drax Group plc announced its total voting rights and share capital as of March 31, 2025, with an issued share capital of 429,561,219 ordinary shares, of which 69,279,455 are held in treasury and do not carry voting rights. This update is crucial for shareholders to calculate their voting rights interest under the FCA’s Disclosure and Transparency Rules, impacting stakeholder engagement and regulatory compliance.
Drax Group plc has executed a share buyback transaction, purchasing 341,736 of its ordinary shares at an average price of 586.43 pence each. This move is part of its ongoing share buyback programme initiated in August 2024, aimed at optimizing its capital structure and providing value to shareholders. The transaction impacts the total number of shares in issue and voting rights, which stakeholders can use for notification obligations under regulatory rules.
Drax Group plc has executed a share buyback transaction, purchasing 366,669 of its ordinary shares at an average price of 593.42 pence per share. This move is part of its ongoing share buyback program initiated in August 2024, aimed at consolidating its share capital and potentially enhancing shareholder value. Following this transaction, the company has 429,561,219 ordinary shares in issue, with 68,937,719 held in treasury, impacting the total voting rights available to shareholders.
Drax Group plc has announced the mailing of its Annual Report and Accounts for 2024 to its registered shareholders, along with the Notice of the 2025 Annual General Meeting and a Form of Proxy. The documents will be available on the National Storage Mechanism and the company’s website. The Annual General Meeting is scheduled for 1 May 2025 in London. Additionally, Drax has proposed a final dividend of 15.6 pence per share, with key dates including a record date of 25 April 2025 and a payment date of 16 May 2025.
Drax Group plc has executed a share buyback program, purchasing 228,101 of its ordinary shares at an average price of 593.18 pence per share. This transaction is part of a broader initiative announced in August 2024, aimed at consolidating the company’s share capital and potentially enhancing shareholder value. Following this purchase, Drax Group’s total number of shares in issue stands at 429,559,095, with 68,571,050 held in treasury. The buyback reflects Drax’s strategic focus on optimizing its capital structure and may impact its market positioning by signaling confidence in its financial health.
Drax Group PLC, a UK-based company, has announced a change in its major holdings due to an acquisition or disposal of financial instruments by Bank of America Corporation. The notification reveals a decrease in the percentage of voting rights held through financial instruments, impacting the company’s shareholder structure. This adjustment in holdings may influence Drax Group’s strategic decisions and market positioning, as it reflects a shift in the influence of a significant stakeholder.
Drax Group plc has entered a 20-year joint venture with Power Minerals Limited to develop a facility for processing pulverised fuel ash (PFA) into a low-carbon cement material. This initiative is expected to reduce carbon emissions significantly in the construction industry and generate additional earnings for Drax. The facility, located near Drax Power Station, will start operations by the end of 2026, with an annual production capacity of 400,000 tonnes. This strategic move aligns with Drax’s commitment to reducing carbon emissions and enhancing its role in the UK’s energy security.
Drax Group plc has executed a share buyback transaction as part of its ongoing share buyback programme, purchasing 161,329 ordinary shares at a weighted average price of 588.12 pence per share. This transaction increases the total number of shares held in treasury to 68,342,949, while the total number of voting rights, excluding treasury shares, stands at 361,216,146. The share buyback is part of Drax Group’s strategy to manage its capital structure and return value to shareholders.
Drax Group plc, through its subsidiary Drax BESS Holdco Limited, has announced a recommended cash acquisition of Harmony Energy Income Trust Plc (HEIT) valued at approximately £199.9 million. The acquisition, which will be executed via a scheme of arrangement, aims to enhance Drax’s existing FlexGen portfolio by adding HEIT’s battery energy storage system assets. This strategic move is expected to provide Drax with increased market opportunities and operational efficiencies, while also delivering a return on investment that exceeds its target weighted average cost of capital. The acquisition has received support from HEIT shareholders representing 19.6% of its share capital, and is anticipated to become effective by the end of Q2 2025, pending regulatory and shareholder approvals.
Drax Group plc has executed a share buyback, purchasing 308,196 of its ordinary shares at an average price of 588.07 pence. This transaction is part of a previously announced buyback program, reflecting the company’s strategy to manage its capital structure and potentially enhance shareholder value. The buyback reduces the number of shares in circulation, which could impact voting rights and shareholder calculations under regulatory rules.
Drax Group plc announced the purchase of 164,929 of its ordinary shares as part of its ongoing share buyback program, which was initially announced in August 2024. This transaction reflects the company’s strategy to manage its capital structure and return value to shareholders, potentially impacting its share price and market perception.
Drax Group plc announced the issuance of share awards under its Long Term Incentive Plan 2020 and Deferred Share Plan as part of its annual grant cycle. These awards, which are conditional and subject to performance criteria, reflect the company’s commitment to aligning executive incentives with long-term strategic goals, potentially impacting its operational focus and stakeholder interests.
Drax Group plc has executed a share buyback transaction, acquiring 363,607 of its ordinary shares at an average price of 578.88 pence each. This move is part of a previously announced buyback programme, aiming to consolidate shares and potentially enhance shareholder value by reducing the number of shares in circulation.
Drax Group PLC has announced a significant change in its shareholder structure, with Bank of America Corporation acquiring a notable percentage of voting rights through financial instruments. This acquisition increases Bank of America’s influence in Drax Group, potentially impacting the company’s strategic decisions and market positioning.
Drax Group plc has executed a share buyback transaction, purchasing 400,000 of its ordinary shares at a weighted average price of 574.37 pence per share. This transaction is part of a previously announced share buyback program aimed at consolidating its share capital, which may impact shareholder voting rights and the company’s market position.
Drax Group plc announced the vesting of shares under its Deferred Share Plan and Long-Term Incentive Plan for key executives, including CEO Will Gardiner and CFO Andy Skelton. The vesting marks the conclusion of a three-year period, with executives selling shares to cover tax liabilities while retaining a portion subject to a holding period. This move underscores Drax’s commitment to aligning management incentives with long-term company performance, potentially impacting shareholder value and market perception positively.
Drax Group plc has executed a share buyback program, purchasing 217,245 of its ordinary shares at a weighted average price of 570.30 pence each. This transaction is part of a broader initiative announced in August 2024, aimed at consolidating the company’s share capital and potentially enhancing shareholder value. The buyback reflects Drax Group’s strategic focus on optimizing its capital structure, which may have implications for its market positioning and investor relations.
Drax Group plc announced the purchase of 312,862 of its ordinary shares as part of its ongoing share buyback program, which was initiated in August 2024. This move is part of the company’s strategy to manage its capital structure and return value to shareholders, potentially impacting its market positioning and shareholder interests.
Drax Group plc has announced the purchase of 279,585 of its ordinary shares as part of its share buyback programme initiated in August 2024. This transaction is part of a broader strategy to manage its capital structure, potentially enhancing shareholder value and reflecting confidence in the company’s financial health.
Drax Group plc has announced the purchase of 307,012 of its own ordinary shares as part of its ongoing share buyback programme, initiated on 7 August 2024. This transaction is part of a broader strategy to manage its capital structure and enhance shareholder value, with a total of 25,794,598 shares purchased for treasury since the programme’s inception.
Drax Group plc has announced a transaction involving the repurchase of 245,817 of its ordinary shares as part of its ongoing share buyback program initiated in August 2024. This move is part of a broader strategy to manage its capital structure and return value to shareholders, with the total number of shares held in treasury now reaching 65,574,783. The transaction reflects Drax’s continued focus on optimizing shareholder value and maintaining a robust financial position.
Drax Group PLC has announced a change in the voting rights held by the Allan & Gill Gray Foundation, which has decreased from 5.0106% to 4.7002%. This change reflects a disposal of voting rights and may impact the company’s shareholder dynamics, potentially influencing future decision-making processes.
Drax Group has provisionally secured capacity market agreements to provide 434MW of energy, primarily from its pumped storage and hydro assets, for the period from October 2028 to September 2029, generating approximately £24 million. Additionally, Drax has secured an agreement for refurbishing its Glenlee hydro asset, providing 24MW of capacity from October 2028 to September 2043, with an expected income of around £20 million, reinforcing its commitment to renewable energy and long-term sustainability.
Drax Group plc has executed a share buyback program, purchasing 395,253 of its ordinary shares at a weighted average price of 561.77 pence per share. This transaction is part of a broader initiative announced in August 2024, aimed at optimizing the company’s capital structure and enhancing shareholder value. The buyback reduces the number of shares in circulation, potentially increasing the value of remaining shares and reflecting the company’s confidence in its financial health and future prospects.
Drax Group plc has announced the purchase of 244,366 of its ordinary shares as part of its ongoing share buyback program initiated in August 2024. This transaction is part of a broader strategy to manage the company’s capital structure and return value to shareholders, reflecting confidence in its financial health and future prospects.
Drax Group plc has executed a share buyback program, purchasing 216,049 of its ordinary shares at an average price of 587.18 pence per share. This transaction is part of a broader initiative announced in August 2024, which has seen the company buy back a total of 24,177,150 shares for treasury. The buyback reduces the number of shares in circulation, potentially increasing the value of remaining shares and signaling confidence in the company’s financial health.
Drax Group plc has executed a share buyback transaction, purchasing 291,326 of its ordinary shares at a weighted average price of 600.12 pence per share. This move is part of a previously announced share buyback programme initiated in August 2024, reflecting the company’s strategy to manage its capital structure and enhance shareholder value.
Drax Group plc has applied for a block listing of 2,000,000 ordinary shares on the London Stock Exchange, related to its Long Term Incentive Plan 2020. This move is expected to enhance the company’s financial flexibility and support its strategic initiatives, with the shares set to be admitted on March 5, 2025.
Drax Group plc announced the purchase of 150,000 of its own ordinary shares as part of its ongoing share buyback programme initiated in August 2024. This transaction is part of a broader strategy to manage the company’s capital structure and potentially enhance shareholder value by reducing the number of shares in circulation, thereby increasing earnings per share.
Drax Group plc has announced its total voting rights and share capital as of February 28, 2025. The company reported an issued share capital of 427,810,338 ordinary shares, with 63,606,972 held in treasury, resulting in 364,203,366 voting rights. This information is crucial for shareholders to determine their voting rights interest under the FCA’s Disclosure and Transparency Rules.
Drax Group plc has executed a share buyback transaction, acquiring 150,000 of its ordinary shares at a weighted average price of 614.49 pence per share. This transaction is part of a previously announced buyback program, and following this purchase, the company now has 427,810,338 ordinary shares in issue, with 63,606,972 held in treasury. The buyback is a strategic move to manage the company’s capital structure and potentially enhance shareholder value.
Drax Group plc has announced the commencement of the third tranche of its share buyback program, with a maximum consideration of £75 million, following the completion of the second tranche. This initiative is part of a larger £300 million buyback program aimed at reducing the company’s share capital, with shares to be held in treasury pending cancellation or re-issue. The company has engaged RBC Europe Limited to conduct the buyback under specific regulatory parameters, and further announcements will follow as the program progresses.
Drax Group plc has executed a share buyback transaction, purchasing 123,810 ordinary shares at a weighted average price of 633.71 pence per share. This transaction is part of the company’s ongoing share buyback program, which has seen a total of 23,369,775 shares purchased since its announcement. The buyback aims to enhance shareholder value and optimize the company’s capital structure, reflecting confidence in its financial health and future prospects.
Drax Group plc reported strong operational and financial performance for 2024, with a 5% increase in adjusted EBITDA driven by enhanced renewable generation and improved pellet production. The company achieved a significant milestone by signing a Heads of Terms with the UK Government for a low-carbon dispatchable CfD at Drax Power Station, supporting its long-term growth and the UK’s Clean Power 2030 goal. Drax’s strategic initiatives include expanding its flexible generation capabilities, developing a data centre at Drax Power Station, and launching the Elimini carbon removals business. The company maintains a robust balance sheet, enabling shareholder returns and future growth investments.
Drax Group plc has announced a transaction involving the purchase of 95,429 of its own ordinary shares as part of a share buyback programme initiated in August 2024. The transaction, executed through RBC Europe Limited, reflects Drax Group’s strategic financial management efforts, impacting the total number of shares in issue and potentially influencing shareholder value and market perception.
Drax Group plc announced the purchase of 65,000 of its ordinary shares as part of its ongoing share buyback program initiated in August 2024. This transaction is part of a broader strategy to manage its capital structure and return value to shareholders, with a total of 23,150,536 shares purchased for treasury since the program’s inception.
Drax Group plc, a company involved in energy production, has executed a share buyback transaction as part of its ongoing programme announced in August 2024. On February 24, 2025, the company repurchased 3,269 ordinary shares at a weighted average price of 634.50 pence per share, impacting its total shares in issue and treasury holdings. This move is part of a broader strategy to manage its share capital and potentially enhance shareholder value.
Drax Group plc announced the purchase of 56,434 of its ordinary shares as part of its ongoing share buyback programme initiated in August 2024. Following this transaction, Drax Group now has 427,809,599 ordinary shares in issue, with 63,134,682 held in treasury, impacting shareholders by altering the number of voting rights to 364,674,917.
Drax Group plc has executed a share buyback programme, purchasing 40,194 ordinary shares at an average price of 620.09 pence per share. This transaction is part of the company’s ongoing initiative to manage its share capital and enhance shareholder value. Following this transaction, Drax Group has a total of 427,809,599 ordinary shares in issue, with 63,078,248 held in treasury, reflecting its strategic efforts to optimize capital structure and market positioning.
Drax Group plc has executed a share buyback transaction, purchasing 100,519 ordinary shares at an average price of 614.50 pence per share, as part of its ongoing buyback program initiated in August 2024. This transaction is part of Drax’s strategy to manage its capital and enhance shareholder value, indicating a strong financial position and potential confidence in future performance.
Drax Group plc has announced the purchase of 80,000 of its ordinary shares at an average price of 630.40 pence, as part of its ongoing share buyback program initiated in August 2024. This transaction reflects the company’s commitment to enhancing shareholder value and adjusting its capital structure, with a total of 22,850,338 shares bought back since the program’s inception. The impact of this buyback program positions Drax Group to potentially increase its earnings per share and return on equity, thus providing a positive signal to investors about the company’s financial health and future prospects.
Drax Group plc has executed a purchase of 40,000 ordinary shares as part of its ongoing share buyback program announced in August 2024. This transaction reflects the company’s strategy to manage its share capital effectively, potentially enhancing shareholder value and signaling confidence in its financial stability.
Drax Group plc announced a purchase of 100,000 ordinary shares as part of its ongoing share buyback program. This transaction reduces the number of shares in circulation and could enhance shareholder value by increasing earnings per share. As of the latest transaction, the company holds a total of 62,817,535 shares in treasury, indicating a significant commitment to its buyback strategy. Shareholders are advised to use the updated figure of 364,958,309 voting rights for any required notifications under the FCA’s rules.
Drax Group PLC, a company engaged in energy production, announced the purchase of 75,000 ordinary shares as part of its ongoing share buyback program. This transaction, executed through RBC Europe Limited, brings the total number of ordinary shares in issue to 427,775,844 and highlights the company’s strategic efforts to manage its equity capital, potentially impacting shareholder value and market perception.
Drax Group plc has continued its share buyback program, purchasing 57,357 of its ordinary shares at an average price of 654.38 pence each. This program, which began in August 2024, is part of Drax’s strategy to manage capital effectively and enhance shareholder value. The buyback impacts the total number of shares in circulation and may affect voting rights calculations for shareholders.
Drax Group plc, in line with its share buyback programme announced on August 7, 2024, has bought back 50,000 of its ordinary shares at an average price of 653.80 pence per share. The transaction, executed through RBC Europe Limited, leaves the company with 427,775,844 ordinary shares in issue and 62,585,178 held in treasury. This move reflects Drax Group’s ongoing strategy to manage its capital structure and enhance shareholder value, potentially impacting its market valuation and stakeholder interests.
Drax Group has reached an agreement with the UK Government for a low-carbon dispatchable Contract for Difference (CfD) for its Drax Power Station, aimed at enhancing UK energy security post-2027. This agreement is expected to result in significant savings for consumers and reduce reliance on fossil fuels, positioning Drax as a cost-effective option for electricity generation during peak demand periods. The agreement also supports future investment opportunities in carbon removals and data centers, ensuring job protection and continued development in biomass and energy sectors.