Drax Group (DRX)

Sector:

Electricity Generation and Distribution

Index:

FTSE 250

806.00p
   
  • Change Today:
      6.50p
  • 52 Week High: 918.00
  • 52 Week Low: 616.00
  • Currency: UK Pounds
  • Shares Issued: 336.22m
  • Volume: 1,017,830
  • Market Cap: £2,709.90m
  • RiskGrade: 140
  • Beta: 0.00

Dividend Data

  31-Dec-2531-Dec-2431-Dec-2331-Dec-2231-Dec-21
Interim Dividend11.60p10.40p9.20p8.40pn/a
Final Dividend17.40p15.60p13.90p12.60pn/a
Total Dividend29.00p26.00p23.10p21.00pn/a
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Continuing Operations          
Revenue 5,390.70 6,162.50 7,733.20 7,775.30 5,088.00
Operating Profit/(Loss) 241.30 850.20 909.80 145.80 196.50
Net Interest (57.60) (87.40) (102.40) (79.20) (70.80)
Profit Before Tax 189.50 753.40 796.40 78.10 121.50
Profit After Tax 68.20 525.50 560.90 82.50 55.10
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a 24.10
PROFIT FOR THE PERIOD 68.20 525.50 560.90 82.50 79.20
Attributable to:          
Equity Holders of Parent Company 73.00 526.60 562.20 85.10 79.70
Minority Interests (4.80) (1.10) (1.30) (2.60) (0.50)
           
Continuing EPS          
Earnings per Share - Basic 20.70p 137.50p 142.80p 21.30p 13.90p
Earnings per Share - Diluted 20.20p 134.80p 139.50p 20.50p 13.50p
Earnings per Share - Adjusted 137.70p 128.40p 119.60p 85.10p 22.30p
Continuing and Discontinued EPS          
Earnings per Share - Basic 20.70p 137.50p 142.80p 21.30p 20.00p
Earnings per Share - Diluted 20.20p 134.80p 139.50p 20.50p 19.30p
Earnings per Share - Adjusted 137.70p 128.40p 119.60p 85.10p 26.50p
           
Dividend per Share 29.00p 26.00p 23.10p 21.00p 18.80p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Assets          
Non-Current Assets          
Property, Plant & Equipment 2,496.80 2,902.90 2,821.00 2,526.30 2,430.50
Intangible Assets 438.90 483.20 498.20 566.50 604.90
Investment Properties n/a n/a n/a n/a n/a
Investments n/a 3.60 8.90 6.90 5.50
Other Financial Assets 24.40 81.70 293.60 361.00 357.50
Other Non-Current Assets 60.80 73.30 71.30 75.80 77.60
  3,020.90 3,544.70 3,693.00 3,536.50 3,476.00
Current Assets          
Inventories 223.80 302.00 328.40 348.10 199.10
Trade & Other Receivables 337.80 470.30 976.90 1,227.00 641.90
Cash at Bank & in Hand 302.10 356.00 379.50 238.00 317.40
Current Asset Investments n/a n/a 368.40 n/a n/a
Other Current Assets 610.80 715.60 292.20 584.70 1,190.00
  1,474.50 1,843.90 2,345.40 2,397.80 2,348.40
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 4,495.40 5,388.60 6,038.40 5,934.30 5,824.40
           
Liabilities          
Current Liabilities          
Borrowings 89.50 145.00 289.30 67.00 55.70
Other Current Liabilities 1,282.70 1,390.00 1,798.40 2,141.20 2,177.20
  1,372.20 1,535.00 2,087.70 2,208.20 2,232.90
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 988.10 1,148.20 1,271.80 1,527.00 1,431.20
Provisions 346.30 356.10 389.30 200.20 311.70
Other Non-Current Liabilities 75.60 262.20 306.60 674.70 541.80
  1,410.00 1,766.50 1,967.70 2,401.90 2,284.70
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 2,782.20 3,301.50 4,055.40 4,610.10 4,517.60
           
Net Assets 1,713.20 2,087.10 1,983.00 1,324.20 1,306.80
           
Capital & Reserves          
Share Capital 49.90 49.40 49.10 47.90 47.70
Share Premium Account 448.50 443.80 441.20 433.30 432.20
Other Reserves 103.90 466.00 814.30 635.80 607.10
Retained Earnings 1,110.90 1,118.10 666.40 193.80 198.30
Shareholders Funds 1,713.20 2,077.30 1,971.00 1,310.80 1,285.30
           
Minority Interests/Other Equity n/a 9.80 12.00 13.40 21.50
Total Equity 1,713.20 2,087.10 1,983.00 1,324.20 1,306.80
Cash Flow 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Net Cash Flow From Operating Activities 810.00 859.50 835.60 207.70 306.50
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (287.20) (389.90) (451.80) (180.70) (228.80)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (578.90) (491.60) (237.90) (111.90) (50.40)
Net Increase/Decrease In Cash (56.10) (22.00) 145.90 (84.90) 27.30
Ratios - based on IFRS 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Continuing Operations          
PE Ratio - Adjusted 6.1 5.0 4.1 8.3 27.1
PEG - Adjusted 0.9 0.7 0.1 0.0 n/a
Earnings per Share Growth - Adjusted 7% 7% 40% 282% -8%
Dividend Cover 4.75 4.94 5.18 4.05 1.19
Revenue per Share 1,527.98p 1,608.17p 1,963.74p 1,941.88p 1,277.11p
Pre-Tax Profit per Share 53.71p 196.61p 202.24p 19.50p 30.50p
Operating Margin 4.48% 13.80% 11.76% 1.88% 3.86%
Return on Capital Employed 9.16% 25.85% 26.16% 6.16% 7.69%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 6.1 5.0 4.1 8.3 22.8
PEG - Adjusted 0.9 0.7 0.1 0.0 n/a
Earnings per Share Growth - Adjusted 7% 7% 40% 221% -10%
Dividend Cover 4.75 4.94 5.18 4.05 1.41
           
Dividend Yield 3.5% 4.0% 4.7% 3.0% 3.1%
Dividend per Share Growth 11.54% 12.55% 10.00% 11.70% 9.94%
Operating Cash Flow per Share 229.59p 224.29p 212.19p 51.87p 76.93p
Cash Incr/Decr per Share (15.90p) (5.74p) 37.05p (21.20p) 6.85p
Net Asset Value per Share (exc. Intangibles) 361.20p 418.55p 377.04p 189.24p 176.18p
Net Gearing 45.27% 45.12% 59.95% 103.45% 90.99%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

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