The Drax Group Board proposes to pay a final dividend in respect of 2023 of £53 million, equivalent to 13.9 pence per share. This will make the full year 2023 dividend £89 million (23.1 pence per share) (2022: £84 million, 21.0 pence per share).
Other financial highlights include:
Adj. EBITDA growth driven by system support services, renewable generation, and energy solutions (Customers)
Strong liquidity and balance sheet - £639 million of cash and committed facilities at 31 December 2023
New £258 million term-loan facilities with 2027-2029 maturities (February 2024)
£150 million share buyback programme concluded
