Overview
DRAX GROUP
Drax Group is the second-largest sustainable biomass producer globally, and the UK's largest source of renewable power by output. The company's primary subsidiary, Drax Power, operates the Drax Power Station, the UK's largest single source of renewable electricity by output. Drax operates a generation portfolio of sustainable biomass, hydro, and pumped hydro storage generation assets to provide dispatchable, renewable power, and system support services
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Read More to the electricity grid. The company also operates a global bioenergy supply business with manufacturing facilities at nearly 20 sites in the US and Canada. Drax Power Station began generating electricity in 1974. The majority of the company's revenue was generated in the UK.
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Read More to the electricity grid. The company also operates a global bioenergy supply business with manufacturing facilities at nearly 20 sites in the US and Canada. Drax Power Station began generating electricity in 1974. The majority of the company's revenue was generated in the UK.
Read Less
Andrea Elisabeth Bertone
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Electric Power Generation, Transmission and Distribution
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Utilities
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Electric services
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Estimated
$7.81 billion
Actual
-20.31%
-6.33%
$5,388
DEC
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London SETS:DRX
Contacts
Get in Touch with 9 Principals* and 27 Contacts
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Andrea Elisabeth BertoneDirector
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$7.81 billion
USD
Actual
1 USD = 0.7888 GBP
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $1,090 | $1,059 | $263 |
| Net Investing Cash | -$494 | -$573 | -$229 |
| Net Financing Cash | -$623 | -$302 | -$142 |
| Net Change in Cash | -$28 | $185 | -$108 |
| Cash at Beginning of Period | $481 | $302 | $402 |
| Cash at End of Period | $451 | $481 | $302 |
| Capital Expenditure | -$491 | -$559 | -$221 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $451 | $481 | $302 |
| Accounts Receivable | $134 | $426 | $351 |
| Inventories | $383 | $416 | $441 |
| Other Current Assets | $1,370 | $1,650 | $1,946 |
| Asset Summary | |||
| Total Current Assets | $2,337 | $2,973 | $3,040 |
| Tangible Fixed Assets | $3,680 | $3,576 | $3,203 |
| Intangible Assets | $86 | $103 | $180 |
| Total Assets | $5,389 | $6,038 | $5,934 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $171 | $184 | $194 |
| Short-Term Debt | $151 | $335 | $56 |
| Other Current Liabilities | $1,624 | $2,128 | $2,549 |
| Liability Summary | |||
| Total Current Liabilities | $1,946 | $2,647 | $2,799 |
| Long-Term Debt | $1,278 | $1,472 | $1,770 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $4,185 | $5,141 | $5,844 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $63 | $62 | $61 |
| Retained Earnings | $1,417 | $845 | $246 |
| Equity Summary | |||
| Total Equity | $2,633 | $2,499 | $1,662 |
| Shares Outstanding | 369,925,794 | 384,664,859 | 401,031,196 |