Drax Group plcDRX.L

London Stock ExchangeUtilitiesUtilities - Renewable
Price (close)
£8.07
Market cap
£2.7B
P/E
37.2x
Revenue (FY)
£5.4B
Net income
£73.0M
Dividend yield
3.75%
1-year total return
17.2%
Net margin
1.4%
Revenue growth
-12.5%
Debt / equity
0.57x

What Drax Group plc does.

Drax Group plc, together with its subsidiaries, engages in renewable power generation in the United Kingdom. The company operates through four segments: Pellet Production, Biomass Generation, Flexible Generation, and Energy Solutions. The company provides renewable, dispatchable power, and system support services. It is involved in production and sale of biomass pellets; generation and sale of electricity from biomass assets, pumped storage, run-of-river hydro, and OCGTs assets; and processing and sale of waste-derived pellets, as well as supply of electricity to non-domestic customers. The company owns and operates Drax Power Station located in Selby, North Yorkshire; Cruachan Power Station, a pumped storage hydro station, with an installed capacity of 440 megawatts (MW) located in Argyll and Bute; and Lanark and Galloway hydro-electric power stations with an installed capacity of 126 MW located in south-west Scotland. In addition, it owns and operates Daldowie fuel plant that processes sludge, a plant that converts it into dry low-odour fuel pellets. Further, the company manufactures and sells compressed wood pellets; and supplies renewable electricity. Drax Group plc was incorporated in 2005 and is based in Selby, the United Kingdom.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue£4.2B£5.1B£7.8B£7.7B£6.2B£5.4B
Net income-£157.9M£79.7M£85.1M£562.2M£526.6M£73.0M
Free cash flow£142.4M£115.5M£43.8M£405.8M£479.7M£528.0M

More on DRX.L.

Figures from Drax Group plc's annual reports (ESEF, via filings.xbrl.org) and Yahoo Finance, standardised automatically; prices are end-of-day closes. Not financial advice.