Drax Group Plc (DRX.L), a British renewable energy company, said in its latest trading update on Thursday that it still expects fiscal 2026 adjusted EBITDA to align with the market consensus of 665 million pounds, within a projected range between 643 million pounds and 682 million pounds.
The company also provided an update on its ongoing share buyback programme. Announced in July 2025, the initiative targets up to 450 million pounds in repurchases. The first tranche of 75 million pounds began in October 2025 and was completed in April 2026. A second 75 million pounds tranche is scheduled to begin in May this year.
Drax Plc said that it has proposed a final dividend of 17.4 pence per share in February 2026, subject to shareholder approval at the Annual General Meeting on April 30. The company will release its half-yearly results on July 30.
On the LSE, DRX.L is currently up 0.65 percent on Thursday's trading at 872.40 pence.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.