Drax beats profit forecasts on strong pellet production

Drax Group plc has reported annual profits that exceeded market expectations, driven by strong biomass pellet production in North America and record-breaking renewable power generation in 2025. The United Kingdom-based energy producer achieved an adjusted EBITDA of £947 million ($1.28 billion), surpassing the £914 million consensus forecast previously compiled by analysts. Following these results, the company announced an 11.5% increase in its full-year dividend to 29 pence per share and projected that 2026 earnings will remain in line with current market expectations.