UK Generator Drax Extends Buybacks With Investments on Hold

UK Generator Drax Extends Buybacks With Investments on Hold

(Bloomberg) — UK power generator Drax Group Plc will extend its share buyback program by £450 million ($597 million) over three years after it paused two major investments.

Drax Group says Government biomass deal to come later this year as profits dip

The power generator has also extended a share buyback programme by £450m

Drax Group Delivers Stable H1 Results And Higher Dividend

Drax Group Plc (LON:DRX) has announced its half-year results for the six months ended 30 June 2025. Leading dispatchable renewable power generator, delivering for the UK system and for shareholders Six months ended 30 June H1-25H1-24Key financial performance measuresAdjusted EBITDA(1/2/3) (£ million)460515Net debt(4) (£ million)1,0621,159Adjusted basic EPS(1) (pence)65.665.6Dividend per share (pence)11.610.4Total financial performance measuresOp…