Drax Group Reports Strong 2026 Start Amid Energy Security Focus
Drax Group anticipates adjusted EBITDA for 2026 will align with market consensus, projecting between £643m to £682m. The company is progressing battery storage projects and has begun a £450m share buyback program, enhancing its flexible generation portfolio in a critical energy landscape.
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Drax Group has reported strong operational performance and forecasts adjusted EBITDA for 2026 in line with market estimates of £643m to £682m. The energy firm produces over 5% of the UK's electricity and around 10% of its renewable power, emphasizing its role in energy security amid geopolitical uncertainty.
Drax has completed the acquisition of Flexitricity Limited and is advancing multiple battery storage initiatives. Additionally, Chesterfield Special Cylinders expects first-half revenues to rise to £6.4m, despite ongoing losses due to project delays.
International Personal Finance also reported a 23% year-on-year increase in customer lending. As companies adapt to market changes, potential risks include performance impacts from delayed projects and regulatory shifts in the energy sector.
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