On 26 July 2023, the Drax Plc Board resolved to pay an interim dividend for the six months ended 30 June 2023 of 9.2 pence per share (£36 million), representing 40% of the expected full year dividend. The interim dividend will be paid on 6 October 2023 with a record date of 25 August 2023.
Other financial highlights include:
Adjusted EBITDA (excl. EGL) of £453 million up 101% (H1 2022: £225 million)
- Driven by system support services and dispatchable, renewable generation
Strong liquidity and balance sheet - £586 million of cash and committed facilities at 30 June 2023
- Expect Net debt to Adjusted EBITDA (incl. EGL) to be significantly below 2 times target at the end of 2023
£150 million share buy-back programme ongoing(
