Financial history - Drax
Financial history

Here you’ll find Drax Group’s five-year financial history, share capital history and dividend history.

5-year history
 2016 (£m)2015 (£m)2014 (£m)2013 (£m)2012 (£m)
Total revenue2,949.8306528052062.11779.8
Fuel costs in respect of generation (1)(1,154.2)(1309.9)(1224.8)(945.8)(929.2)
Cost of power purchases (2)(907.8)(851.3)(715.4)(352.5)(141.7)
Grid charges (3)(379.7)(369.5)(334.6)(238.8)(167.8)
Other retail costs (4)(131.7)(125.5)(80.4)(79.9)(30.2)
Total cost of sales(2,573.4)(2656.2)(2355.2)(1617)(1268.9)
Gross profit376.3408.8449.8445.1510.9
Other operating and administrative expenses excluding depreciation, amortisation and unrealised losses on derivative contracts (5)(236.3)(239.8)(220.4)(215.1)(212.5)
EBITDA (6)140169229.4230298.4
CESP Settlement --20
Depreciation, amortisation and loss on disposal of property, plant and equipment(109.5)(107.5)(80.7)(64.8)(58.5)
Asset obsolescence charges-(109.2)
Unrealised gains/(losses) on derivative contracts176.8123.765.8(110.2)(36.1)
Operating profit203.576194.555203.8
Net finance costs(6.4)(17)(28.6)(23.2)(13.6)
Profit before tax197.159165.931.8190.2
Tax charge
–Before changes in tax legislation(13.0)(20.5)(37.2)(2.7)(41.5)
–Impact of industrial building allowances withdrawal on deferred tax-----
–Impact of change in rate of corporation tax on deferred tax9.817.8022.315.1
Total tax(3.2)(2.7)(37.2)19.6(26.4)
Profit for the year attributed to equity shareholders193.956.3128.751.4163.8
Earning per share (pence per share)
Statutory basic4814321344
Statutory diluted4714321344
Underlying basic (7)511243552
Underlying diluted (7)511243551

Notes:

(1) Fuel costs in respect of generation consists predominantly of coal, sustainable biomass and carbon dioxide (“CO2”) emissions allowances, together with pond fines, petcoke and oil.

(2) Cost of power purchases represents power purchased in the market.

(3) Grid charges include transmission network use of system charges (“TNUoS”), balancing services use of system charges (“BSUoS”) and distribution use of system charges (“DUoS”).

(4) Other retail costs include broker fees, ROCs, LECs, metering and Feed-in Tariff levelisation.

(5) Other operating and administrative expenses excluding depreciation, amortisation and unrealised gains and losses on derivative contracts include salaries, maintenance costs and other administrative expenses.

(6) EBITDA is defined as profit before interest, tax, depreciation, amortisation and unrealised gains and losses on derivative contracts.

(7) Calculated using underlying earnings, being profit attributable to equity shareholders adjusted to exclude the after-tax impact of unrealised gains and losses on derivative contracts and exceptional items.

Share capital history
Date effective fromDate effective toNumber of shares in issueNominal value per share (pence)Reason for issue/change
13-Nov-17to date406,866,83411 16/29 Allotment of 4,679 shares following SAYE exercise
11-Aug-1712-Nov17406,862,15511 16/29 Allotment of 3,940 shares following SAYE exercise
18-Jul-1710-Aug-17406,858,21511 16/29 Allotment of 3,694 shares following SAYE exercise
03-Jul-1717-Jul-17406,854,52111 16/29 Allotment of 1,280 shares following SAYE exercise
15-Jun-1702-Jul-17406,853,24111 16/29 Allotment of 2,034 shares following SAYE exercise
10-Apr-1714-Jun-17406,851,207
11 16/29Allotment of 2,364 shares following SAYE exercise
13-Mar-1709-Apr-17406,848,843
11 16/29Allotment of 5,418 shares following SAYE exercise
01-Mar-1712-Mar-17406,843,42511 16/29Allotment of 140,888 shares following BMP maturity vesting
16-Jan-1728-Feb-17406,702,53711 16/29Allotment of 2,216 shares following SAYE exercise
29-Dec-1615-Jan-17406,700,32111 16/29Allotment of 1,920 shares following SAYE exercise
11-Nov-1628-Dec-16406,696,38111 16/29Allotment of 1,724 shares following SAYE exercise
17-Oct-1610-Nov-16406,694,65711 16/29Allotment of 2,954 shares following SAYE exercise
21-Jul-1616-Oct-16406,691,70311 16/29Allotment of 4,805 shares following SAYE exercise
13-Jul-1620-Jul-16406,686,89811 16/29Allotment of 1,877 shares following SAYE exercise
3-May-1612-Jul-16406,685,02111 16/29Allotment of 1,922 shares following SAYE exercise
29-Feb-162-May-16406,683,09911 16/29Allotment of 335,856 shares to satisfy vesting of Bonus Matching Plan Awards
5-Jan-1628-Feb-16406,347,24311 16/29Allotment of 30,081 shares following early BMP vesting
2-Jul-154-Jan-16406,317,16211 16/29Allotment of 24,179 shares following early BMP vesting
25-Jun-151-Jul-15406,292,98311 16/29Allotment of 21,033 shares following SAYE exercise
11-Jun-1524-Jun-15406,271,95011 16/29Allotment of 24,037 shares following SAYE exercise
28-May-1510-Jun-15406,247,91311 16/29Allotment of 68,909 shares following SAYE exercise
22-May-201527-May-15406,179,00411 16/29Allotment of 73,189 shares following SAYE exercise
13-May-1521-May-15406,105,81511 16/29Allotment of 60,210 shares following SAYE exercise
7-May-1512-May-15406,045,60511 16/29Allotment of 54,183 shares following SAYE exercise
1-May-156-May-15405,991,42211 16/29Allotment of 134,120 shares following SAYE exercise
9-Mar-1530-Apr-15405,857,30211 16/29Allotment of 1,022,848 shares to satisfy vesting of BMP 2012 Awards
24-Feb-158-Mar-15404,834,45411 16/29Allotment of 4,709 shares following SAYE exercise
13-Feb-1523-Feb-15404,829,74511 16/29Allotment of 2,511 shares following early BMP vesting
26-Jan-1512-Feb-15404,827,23411 16/29Allotment of 5,673 shares following early BMP vesting
14-Nov-1425-Jan-15404,821,56111 16/29Allotment of 3,183 shares following SAYE exercise
30-Oct-1413-Nov-14404,818,37811 16/29Allotment of 1,720 shares following SAYE exercise
20-Oct-1429-Oct-14404,816,65811 16/29Allotment of 2,205 shares following SAYE exercise
8-Oct-1419-Oct-14404,814,45311 16/29Allotment of 2,529 shares following SAYE exercise
2-Oct-147-Oct-14404,811,92411 16/29Allotment of 3,935 shares following SAYE exercise
26-Sep-141-October-2014404,807,98911 16/29Allotment of 1,622 shares following SAYE exercise
17-Sep-1425-Sep-14404,806,36711 16/29Allotment of 3,935 shares following SAYE exercise
11-Sep-1416-Sep-16404,802,43211 16/29Allotment of 2,811 shares following SAYE exercise and allotment of 2,541 shares following early BMP vesting
31-Jul-1410-Sep-16404,797,08011 16/29Allotment of 1,124 shares following SAYE exercise
22-Jul-1430-Jul-14404,795,95611 16/29Allotment of 2,965 shares following SAYE exercise
17-Jun-1421-Jul-14404,792,99111 16/29Allotment of 3,766 shares following SAYE exercise
12-Jun-1416-Jun-14404,789,22511 16/29Allotment of 1,387 shares following SAYE exercise
4-Jun-1411-Jun-14404,787,83811 16/29Allotment of 2,978 shares following SAYE exercise
28-May-143-June-2014404,784,86011 16/29Allotment of 1,686 shares following SAYE exercise
22-May-1427-May-14404,783,17411 16/29Allotment of 3,653 shares following SAYE exercise
14-May-1421-May-14404,779,52111 16/29Allotment of 17,201 shares following SAYE exercise
8-May-1413-May-14404,762,32011 16/29Allotment of 7,082 shares following SAYE exercise
1-May-147-May-14404,755,23811 16/29Allotment of 56,179 shares following SAYE exercise
25-Apr-1430-Apr-16404,699,05911 16/29Allotment of 1,467 shares following SAYE exercise
10-Mar-1424-Apr-14404,697,59211 16/29Allotment of 2,126,592 shares to satisfy vesting of Bonus Matching Plan Awards
25-Feb-149-Mar-14402,570,65811 16/29Allotment of 2,652 shares to satisfy SAYE Plan exercise
17-Jan-1424-Feb-14402,568,00611 16/29Allotment of 455 shares to satisfy SAYE Plan exercise
2-Jan-1416-Jan-14402,567,55111 16/29Allotment of 1,219 shares to satisfy SAYE Plan exercise
5-Dec-132-Jan-14402,555,25011 16/29Allotment of 468 shares to satisfy SAYE Plan exercise
31-Oct-134-Dec-13402,554,78211 16/29Allotment of 2,629 shares to satisfy SAYE Plan exercise
24-Oct-1330-Oct-13402,552,15311 16/29Allotment of 3,740 shares to satisfy SAYE Plan exercise
17-Oct-1323-Oct-13402,548,41311 16/29Allotment of 11,104 shares to satisfy SAYE Plan exercise
11-Oct-1316-Oct-13402,537,30911 16/29Allotment of 2,922 shares to satisfy SAYE Plan exercise
3-Oct-1310-Oct-13402,534,38711 16/29Allotment of 2,338 shares to satisfy SAYE Plan exercise
27-Sep-132-Oct-13402,532,04911 16/29Allotment of 3,798 shares to satisfy SAYE Plan exercise
12-Aug-1326-Sep-13402,528,25111 16/29Allotment of 2,921 shares to satisfy SAYE Plan exercise
1-Aug-1311-Aug-13402,525,33011 16/29Allotment of 12,857 shares to satisfy SAYE Plan exercise
18-Jul-1331-Jul-13402,512,47311 16/29Allotment of 2,922 shares to satisfy SAYE Plan exercise
3-Jul-1317-Jul-13402,509,55111 16/29Allotment of 2,338 shares to satisfy SAYE Plan exercise
20-Jun-132-Jul-13402,507,21311 16/29Allotment of 2,922 shares to satisfy SAYE Plan exercise
6-Jun-1319-Jun-13402,497,57111 16/29Allotment of 9,642 shares to satisfy SAYE Plan exercise
31-May-135-Jun-13402,494,64911 16/29Allotment of 6,428 shares to satisfy SAYE Plan exercise
17-May-1330-May-13402,488,22111 16/29Allotment of 38,978 shares to satisfy SAYE Plan exercise
10-May-1316-May-13402,449,24311 16/29Allotment of 32,782 shares to satisfy SAYE Plan exercise
1-May-139-May-13402,416,46111 16/29Allotment of 454,237 shares to satisfy SAYE Plan exercise
11-Apr-1330-Apr-13401,962,22411 16/29Allotment of 1,748 shares to satisfy SAYE Plan exercise
28-Mar-1310-Apr-13401,960,47611 16/29Allotment of 2,805 shares to satisfy SAYE Plan exercise
8-Mar-1327-Mar-13401,957,67111 16/29Allotment of 367,438 shares to satisfy vesting of Bonus Matching Plan Awards
31-Jan-137-Mar-13401,590,23311 16/29Allotment of 2,669 shares to satisfy SAYE Plan exercise
24-Dec-1230-Jan-13401,587,56411 16/29Allotment of 1,553 shares to satisfy SAYE Plan exercise
29-Oct-1223-Dec-12401,586,01111 16/29Allotment of 36,474,627 shares by way of Placing
14-Sep-1228-Oct-12365,111,38411 16/29Allotment of 873 shares to satisfy SAYE Plan exercise
30-Apr-1213-Sep-12365,110,51111 16/29Allotment of 246,017 shares to satisfy vesting of Bonus Matching Plan Awards
10-Feb-1229-Apr-12364,864,49411 16/29Allotment of 1,776 shares to satisfy SAYE Plan exercise
28-Sep-119-Feb-12364,862,71811 16/29Allotment of 274 shares to satisfy SAYE Plan exercise
1-Apr-1127-Sep-11364,862,44411 16/29Allotment of 2,456 shares to satisfy vesting of Bonus Matching Plan Awards
1-Sep-1031-Mar-11364,859,98811 16/29Allotment of 6,098 shares to satisfy vesting of Bonus Matching Plan Awards
26-Jun-0931-Aug-10364,853,89011 16/29Allotment of 25,454,922 shares by way of Placing
10-Oct-0825-Jun-09339,398,96811 16/29Allotment of 58 shares to satisfy SAYE Plan exercises
30-Sep-089-Oct-08339,398,91011 16/29Allotment of 1,910 shares to satisfy SAYE Plan exercises
At close of business on13-Dec-07339,397,00011 16/29Share buy back - 138,804 at 669.717p
At close of business on12-Dec-07339,535,80411 16/29Share buy back - 75,000 at 685.533p
At close of business on7-Dec-07339,610,80411 16/29Share buy back - 120,000 at 690.846p
At close of business on6-Dec-07339,730,80411 16/29Share buy back - 315,000 at 685.523p
At close of business on30-Nov-07340,045,80411 16/29Share buy back - 164,000 at 695.921p
At close of business on29-Nov-07340,209,80411 16/29Share buy back - 240,000 at 704.857p
At close of business on28-Nov-07340,499,80411 16/29Share buy back - 155,000 at 690.774p
At close of business on27-Nov-07340,604,80411 16/29Share buy back - 160,000 at 684.192p
At close of business on23-Nov-07340,764,80411 16/29Share buy back - 50,000 at 685.400p
At close of business on22-Nov-07340,814,80411 16/29Share buy back - 150,000 at 681.590p
At close of business on21-Nov-07340,964,80411 16/29Share buy back - 200,000 at 658.900p
At close of business on20-Nov-07341,164,80411 16/29Share buy back - 200,000 at 648.800p
At close of business on19-Nov-07341,364,80411 16/29Share buy back - 250,000 at 641.560p
At close of business on12-Nov-07341,614,80411 16/29Share buy back - 158,000 at 699.486p
At close of business on9-Nov-07341,772,80411 16/29Share buy back - 275,000 at 704.304p
At close of business on8-Nov-07342,047,80411 16/29Share buy back - 315,000 at 709.835p
At close of business on6-Nov-07342,362,80411 16/29Share buy back - 290,000 at 699.008p
At close of business on5-Nov-07342,652,80411 16/29Share buy back - 100,000 at 692.410p
At close of business on2-Nov-07342,752,80411 16/29Share buy back - 214,000 at 683.718p
At close of business on1-Nov-07342,966,80411 16/29Share buy back - 350,000 at 689.971p
At close of business on24-Oct-07343,316,80411 16/29Share buy back - 250,000 at 638.412p
At close of business on23-Oct-07343,566,80411 16/29Share buy back - 200,000 at 638.567p
At close of business on22-Oct-07343,766,80411 16/29Share buy back - 200,000 at 624.259p
At close of business on19-Oct-07343,966,80411 16/29Share buy back - 174,000 at 630.570p
At close of business on18-Oct-07344,140,80411 16/29Share buy back - 500,000 at 636.850p
At close of business on17-Oct-07344,640,80411 16/29Share buy back - 150,000 at 637.565p
At close of business on16-Oct-07344,790,80411 16/29Share buy back - 200,000 at 616.550p
At close of business on15-Oct-07344,990,80411 16/29Share buy back - 250,000 at 609.190p
At close of business on12-Oct-07345,240,80411 16/29Share buy back - 320,000 at 605.513p
At close of business on11-Oct-07345,560,80411 16/29Share buy back - 425,000 at 620.678p
At close of business on10-Oct-07345,985,80411 16/29Share buy back - 225,000 at 625.606p
At close of business on9-Oct-07346,210,80411 16/29Share buy back - 100,000 at 625.168p
At close of business on8-Oct-07346,310,80411 16/29Share buy back - 225,000 at 606.834p
At close of business on4-Oct-07346,535,80411 16/29Share buy back - 470,000 at 612.35p
At close of business on3-Oct-07347,005,80411 16/29Share buy back - 225,000 at 614.03p
At close of business on2-Oct-07347,230,80411 16/29Share buy back - 200,000 at 619.81p
At close of business on1-Oct-07347,430,80411 16/29Share buy back - 200,000 at 610.35p
At close of business on28-Sep-07347,630,80411 16/29Share buy back - 370,000 at 606.34p
At close of business on27-Sep-07348,000,80411 16/29Share buy back - 350,000 at 610.60p
At close of business on26-Sep-07348,350,80411 16/29Share buy back - 350,000 at 604.97p
At close of business on25-Sep-07348,700,80411 16/29Share buy back - 550,000 at 596.73p
At close of business on24-Sep-07349,250,80411 16/29Share buy back - 250,000 at 597.35p
At close of business on21-Sep-07349,500,80411 16/29Share buy back - 159,000 at 607.044p
At close of business on20-Sep-07349,659,80411 16/29Share buy back - 400,000 at 614.263p
At close of business on19-Sep-07350,059,80411 16/29Share buy back - 325,000 at 625.309p
At close of business on18-Sep-07350,384,80411 16/29Share buy back - 150,000 at 611.036p
At close of business on17-Sep-07350,534,80411 16/29Share buy back - 275,000 at 592.206p
At close of business on14-Sep-07350,809,80411 16/29Share buy back - 192,500 at 611.01p
At close of business on13-Sep-07351,002,30411 16/29Share buy back - 200,000 at 622.50p
At close of business on12-Sep-07351,202,30411 16/29Share buy back - 200,000 at 623.35p
At close of business on11-Sep-07351,402,30411 16/29Share buy back - 200,000 at 626.67p
At close of business on10-Sep-07351,602,30411 16/29Share buy back - 200,000 at 625.84p
At close of business on7-Sep-07351,802, 30411 16/29Share buy back - 600,000 at 637.43p
30-Apr-076-Sep-07352,402,30411 16/29Share Consolidation takes effect, 64 New for 67 Existing
17-Apr-0727-Apr-07368,921,16211 1/2911 shares issued in advance of Share Consolidation for divisibility
9-Oct-0616-Apr-07368,921,15111 1/29Share Consolidation takes effect, 29 New for 32 Existing
29-Sep-066-Oct-06407,085,4081013 shares issued in advance of Share Consolidation for divisibility
23-May-0628-Sep-06407,085,39510SIP Free Shares issued
15-Dec-0522-May-06406,927,66110Issued at Listing
Dividend history
Payment dateAmount per shareType of dividendEx-dividend dateRecord date
6-Oct-174.9 penceInterim21-Sep-1722-Sep-17
12-May-170.4 penceFinal20-Apr-1721-Apr-17
7-Oct-162.1 penceInterim22-Sep-1623-Sep-16
13-May-160.6 penceFinal21-Apr-1622-Apr-16
9-Oct-155.1 penceInterim24-Sep-1525-Sep-15
15-May-157.2 penceFinal23-Apr-1524-Apr-15
10-Oct-144.7 penceInterim24-Sep-1426-Sep-14
16-May-148.9 penceFinal23-Apr-1425-Apr-14
11-Oct-138.7 penceInterim25-Sep-1327-Sep-13
17-May-1310.9 penceFinal24-Apr-1326-Apr-13
12-Oct-1214.4 penceInterim26-Sep-1228-Sep-12
11-May-1211.8 penceFinal25-Apr-1227-Apr-12
14-Oct-1116.0 penceInterim28-Sep-1130-Sep-11
13-May-1117.9 penceFinal27-Apr-113-May-11
15-Oct-1014.1 penceInterim29-Sep-101-Oct-10
14-May-109.6 penceFinal28-Apr-1030-Apr-10
7-Oct-094.1 penceInterim16-Sep-0918-Sep-09
22-May-0938.3 penceFinal6-May-098-May-09
8-Oct-085.0 penceInterim17-Sep-0819-Sep-08
8-Oct-089.7 penceSpecial17-Sep-0819-Sep-08
7-May-087.8 penceSpecial16-Apr-0818-Apr-08
7-May-089.9 penceFinal16-Apr-0818-Apr-08
24-Oct-074.7 penceInterim3-Oct-075-Oct-07
16-May-0732.9 penceSpecial30-Apr-0727-Apr-07
16-May-079.1 penceFinal25-Apr-0727-Apr-07
25-Oct-0680 penceSpecial9-Oct-066-Oct-06
25-Oct-064 penceInterim4-Oct-066-Oct-06