Finance
UK's Drax flags 2025 core profit at top end of consensus
Published by Global Banking & Finance Review®
Posted on May 1, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 1, 2025
1 min readLast updated: January 24, 2026
Drax Group forecasts its 2025 profit at the top end of analyst estimates, supported by robust pellet production and biomass generation.
(Reuters) -British power company Drax Group on Thursday said it expects its annual adjusted core profit to be at the top end of analyst consensus estimates, helped by sturdy pellet production and biomass generation.
Drax said its pellet production business is performing effectively, with output ahead of last year, with operations at Drax Power Station, the UK’s largest single source of 24/7 renewable power, also progressing well.
"We are working to create value and growth in the short, medium and long-term, aligned to the UK's energy needs," CEO Will Gardiner said in a statement.
Drax, which generates around 6% of Britain's electricity, said it continues to aim to generate recurring adjusted EBITDA of around 600 million pounds ($797.6 million) to 700 million pounds beyond 2027.
Analysts' consensus for 2025 adjusted earnings before interest, taxes, depreciation and amortization was 874 million pounds, with a range of 848 million pounds to 896 million pounds, according to a company-compiled poll.
($1 = 0.7523 pounds)
(Reporting by DhanushVignesh Babu in Bengaluru; Editing by Mrigank Dhaniwala)
The article discusses Drax Group's forecast for its 2025 core profit, expecting it to be at the top end of analyst estimates.
Drax's pellet production and biomass generation are performing well, contributing to its positive profit forecast.
Drax aims to achieve recurring adjusted EBITDA of £600-700 million beyond 2027.
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