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.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.