North Yorkshire Energy Giant Drax Reports Big Drop in Profits

UK's Drax first-half profit slides, still expects to meet full-year ...

North Yorkshire energy giant Drax reports big drop in profits

Energy company Drax has reported a strong start to the year.

Drax boosts dividends despite drop in earnings

The energy firm pointed to the potential transformative acquisition of Bluefield Solar Income Fund and investments in new technologies

Drax first-half profit falls 21% to £222m – Northern Financial Review

North Yorkshire power generator Drax Group said its profit before tax fell roughly 21% to £222 million for the six months to June 30, 2026. In his outlook, Drax Group CEO Will Gardiner wrote: “In the first half of 2026 we continued to play our role in supporting energy security in the UK and are positioning the group to do more through the development of our strategy for flexible and renewable generation. “We have committed c.£0.5 billion to new…

Drax earnings fall as group advances growth plans

North Yorkshire-based Drax reported adjusted EBITDA of £279 million for the six months ended 30 June 2026, down from £460 million a year earlier. Operating profit fell to £265 million from £301 million, while profit before tax declined to £222 million from £281 million. Adjusted basic earnings per share dropped to 29.8 pence from 65.6 […]

Drax delivers solid first-half performance and advances growth plans

Drax Group Plc (LON:DRX) has reported its half-year results for the six months ended 30 June 2026 Delivering energy security, investing for growth Six months ended 30 June20262025Key financial performance measuresAdjusted EBITDA(1/2) (£ million)279460Net debt(3) (£ million)1,0251,062Adjusted basic EPS(1) (pence)29.865.6Dividend per share (pence)12.911.6Total financial performance measuresOperating profit (£ million)265301Profit before tax (£ mil…