Enabling a secure energy transition
Drax Group plc Annual report and accounts 2025
Drax is a renewable energy company engaged in generating renewable power, producing sustainable biomass, and selling renewable electricity to businesses. We are the UK’s largest single source of renewable electricity.
c.5%
Of the UK's energy power demands generated by Drax
4
Number of countries in which we operate
2,974
Employees worldwide
Our diversified, dispatchable, and renewable portfolio generates consistent, flexible and secure energy for the UK.
FlexGen
Pumped storage, hydropower, Open Cycle Gas Turbines (OCGTs), battery energy storage systems (BESS), energy solutions.
Pellet Production
A vertically integrated producer, user, buyer, and seller of sustainable biomass.
Drax Power Station site
The UK’s biggest power station and largest source of renewable power.
Options for growth
Options to invest in growth – energy security, data centres, and flexible, renewable energy, including GW scale pipeline of BESS opportunities.
Our assets continue to help keep the lights on for millions of UK households, no matter the weather.
During 2025, Drax was the sixth largest source of power, the third largest source of dispatchable power, and the second largest source of renewable energy in the UK.
Energy security, affordability, and decarbonisation remained important themes in 2025 and at Drax – which sits at the heart of the UK energy system – we are continuing to play our part in addressing these issues.
Will Gardiner, CEO
Andrea Bertone, Chair
We aim to deliver c.£3 billion of free cash flow from the business which can support investment in energy security, data centres, and flexible, renewable energy.
2025 was a strong year for the Group. Operationally, we produced large volumes of flexible and renewable energy to the UK, supporting energy security, and backed up by our North American supply chain. Financially, our earnings and cash flows were strong, supporting a strong balance sheet, investment in the business and returns to shareholders.
Market context
The global energy landscape in 2025 continued to evolve amid a complex landscape of geopolitical, economic, and trade tensions, the prioritisation of energy security, and accelerating demand fror power.
Drax, through our flexible generation strategy, sustainable biomass production, and in the longer term potential for carbon removals, is aligned to this change. By delivering dispatchable, low-carbon power where it matters most, and leveraging our sustainable biomass supply chain, we are well placed to support global energy systems and continue to develop our business with benefits to our investors and stakeholders.
Our portfolio of assets is aligned to energy security and the transition to net zero.
Our year in numbers: financial highlights
£947m
Adjusted EBITDA (1)
(2024: £1,064m)
29.0p
Dividend per share
(2024: 26.0 pence)
£241m
Total operating profit
(2024: £850m)
137.7p
Adjusted basic earnings per share (1)
(2024: 128.4 pence)
20.7p
Total basic earnings per share
(2024: 137.5 pence)
Our year in numbers: non-financial highlights
557 ktCO2e
Group carbon emissions Scope 1 and 2 (location-based)
(2024: 546 ktCO2e)
0.33
Total recordable incident rate
(2024: 0.24)
4.2Mt
Wood pellets produced
(2024: 4.0Mt)
7.2
Employee engagement score
(2024: 7.4)
35 tCO2e/GWh
Group emissions per GWh of electricity generation(2)
(2024: 35 tCO2e/GWh)
- (1) Alternative performance measures are described in note 2.7 to the Consolidated financial statements.
- (2) 2024 comparator number re-calculated.
We’re committed to being a good neighbour in the communities where we operate.
Sustainable development
Our mission is to help meet the world’s increasing demand for secure energy, sustainably. For us, sustainability isn’t about words, it’s about action – to benefit the climate, nature, and people.
Our Sustainability Framework, launched in 2025, sets out how we’re taking action to help decarbonise our operations, to protect and enhance nature, and to support people who work with and alongside us.
