See more : SoftwareONE Holding AG (SWON.SW) Income Statement Analysis – Financial Results
Complete financial analysis of Drax Group plc (DRXGF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Drax Group plc, a leading company in the Renewable Utilities industry within the Utilities sector.
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Drax Group plc (DRXGF)
About Drax Group plc
Drax Group plc, together with its subsidiaries, engages in renewable power generation in the United Kingdom. The company operates through three segments: Generation, Customers, and Pellet Production. The Generation segment provides renewable, dispatchable power, and system support services to the electricity grid. The Customers segment offers non-generation system support and energy management services. The Pellet Production segment provides low carbon fuel. The company owns and operates Drax Power Station with an installed capacity of 2,000 megawatts (MW) located in Selby, North Yorkshire; Cruachan Power Station, a pumped hydro storage station, with an installed capacity of 440 MW located in Argyll and Bute, and Lanark and Galloway hydro-electric power stations with an installed capacity of 126 MW located in southwest Scotland. In addition, the company owns and operates Daldowie fuel plant that processes sludge, a plant that converts it into dry low-odour fuel pellets. Further, it manufactures and sells compressed wood pellets; and supplies renewable electricity. Drax Group plc was incorporated in 2005 and is based in Selby, the United Kingdom.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8.13B | 7.78B | 5.09B | 4.24B | 4.71B | 4.23B | 3.69B | 2.95B | 3.07B | 2.81B | 2.06B | 1.78B | 1.84B | 1.65B | 1.48B | 1.75B | 1.25B | 1.39B | 928.60M | 624.10M | 492.10M | 535.00M |
| Cost of Revenue | 6.35B | 6.75B | 4.20B | 3.52B | 3.98B | 3.59B | 3.14B | 2.57B | 2.66B | 2.36B | 1.62B | 1.27B | 1.34B | 1.10B | 972.90M | 1.13B | 546.10M | 641.30M | 539.50M | 384.70M | 0.00 | 0.00 |
| Gross Profit | 1.78B | 1.02B | 891.20M | 725.70M | 734.30M | 639.40M | 545.00M | 376.40M | 408.80M | 449.80M | 445.10M | 510.90M | 500.80M | 550.50M | 502.90M | 623.20M | 701.30M | 745.70M | 389.10M | 239.40M | 492.10M | 535.00M |
| Gross Profit Ratio | 21.90% | 13.16% | 17.52% | 17.10% | 15.58% | 15.12% | 14.79% | 12.76% | 13.34% | 16.04% | 21.58% | 28.71% | 27.28% | 33.40% | 34.08% | 35.55% | 56.22% | 53.76% | 41.90% | 38.36% | 100.00% | 100.00% |
| Research & Development | 22.80M | 12.50M | 11.40M | 11.50M | 2.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 224.40M | 210.80M | 0.00 | 215.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 570.30M | 578.30M | 453.30M | 422.60M | 424.10M | 351.40M | 316.10M | 236.30M | 239.80M | 220.40M | 62.80M | 271.00M | 224.40M | 210.80M | 0.00 | 215.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 278.40M | -5.80M | -9.40M | 0.00 | 3.10M | 4.10M | -400.00K | -900.00K | -1.10M | 0.00 | 0.00 | -1.00M | 0.00 | 60.50M | 129.70M | -56.30M | -3.30M | -90.80M | 117.00M | 0.00 | -74.10M | 0.00 |
| Operating Expenses | 871.50M | 782.20M | 669.30M | 592.50M | 647.20M | 493.80M | 482.40M | 345.80M | 340.20M | 321.10M | 279.90M | 271.00M | 404.00M | 89.80M | -59.40M | 328.00M | 246.00M | 379.20M | -297.60M | 184.40M | 404.90M | 381.20M |
| Cost & Expenses | 7.22B | 7.53B | 4.87B | 4.11B | 4.63B | 4.08B | 3.62B | 2.92B | 3.00B | 2.68B | 1.90B | 1.54B | 1.74B | 1.19B | 913.50M | 1.46B | 792.10M | 1.02B | 241.90M | 569.10M | 404.90M | 381.20M |
| Interest Income | 8.80M | 4.30M | 400.00K | 500.00K | 1.30M | 1.20M | 200.00K | 600.00K | 1.40M | 1.30M | 1.60M | 1.70M | 2.20M | 2.20M | 1.90M | 7.20M | 11.40M | 13.40M | 23.50M | 4.60M | 4.30M | 23.50M |
| Interest Expense | 110.80M | 83.50M | 64.70M | 58.50M | 55.50M | 37.20M | 26.30M | 23.90M | 18.70M | 29.90M | 24.80M | 15.30M | 30.30M | 26.50M | 17.30M | 28.80M | 34.30M | 37.10M | 114.40M | 101.20M | 99.70M | 105.70M |
| Depreciation & Amortization | 225.00M | 240.50M | 200.00M | 171.90M | 197.30M | 174.70M | 167.00M | 114.00M | 100.40M | 80.70M | 64.80M | 58.50M | 57.20M | 52.20M | 52.00M | 46.20M | 43.70M | 34.90M | 31.00M | 33.00M | 33.00M | 33.80M |
| EBITDA | 1.13B | 394.00M | 385.60M | 14.20M | 246.90M | 224.80M | 44.20M | 139.10M | 167.90M | 227.90M | 228.30M | 255.80M | 411.00M | 325.90M | 223.80M | 514.30M | 522.90M | 701.80M | 385.70M | 92.60M | 50.40M | -529.50M |
| EBITDA Ratio | 13.93% | 6.31% | 8.19% | 7.37% | 6.24% | 7.61% | 5.80% | 5.34% | 5.57% | 7.51% | 11.23% | 16.86% | 18.29% | 23.91% | 24.18% | 26.31% | 41.45% | 43.00% | 54.62% | 14.84% | 10.24% | 39.46% |
| Operating Income | 908.20M | 146.30M | 196.50M | -156.10M | 62.00M | 59.90M | -117.10M | 203.50M | 76.00M | 194.50M | 55.00M | 203.80M | 366.20M | 279.20M | 173.20M | 464.10M | 471.40M | 657.90M | 354.50M | 55.00M | -92.60M | -586.80M |
| Operating Income Ratio | 11.18% | 1.88% | 3.86% | -3.68% | 1.32% | 1.42% | -3.18% | 6.90% | 2.48% | 6.93% | 2.67% | 11.45% | 19.95% | 16.94% | 11.74% | 26.48% | 37.79% | 47.43% | 38.18% | 8.81% | -18.82% | -109.68% |
| Total Other Income/Expenses | -111.80M | -68.20M | -75.00M | -78.60M | -64.00M | -46.10M | -86.90M | -6.40M | -17.00M | -28.60M | -23.20M | -13.60M | -28.10M | -24.30M | -15.40M | -21.60M | -22.90M | -23.70M | -90.90M | -96.60M | -169.50M | -82.20M |
| Income Before Tax | 796.40M | 78.10M | 121.50M | -234.70M | -2.80M | 13.80M | -183.20M | 197.10M | 59.00M | 165.90M | 31.80M | 190.20M | 338.10M | 254.90M | 157.80M | 442.50M | 448.50M | 634.20M | 263.60M | -41.60M | -262.10M | -669.00M |
| Income Before Tax Ratio | 9.80% | 1.00% | 2.39% | -5.53% | -0.06% | 0.33% | -4.97% | 6.68% | 1.92% | 5.91% | 1.54% | 10.69% | 18.42% | 15.46% | 10.69% | 25.25% | 35.95% | 45.72% | 28.39% | -6.67% | -53.26% | -125.05% |
| Income Tax Expense | 235.50M | -4.40M | 66.40M | -40.10M | -3.30M | -6.40M | -32.10M | 3.20M | 2.70M | 37.20M | -19.60M | 26.40M | -126.50M | 66.50M | 46.90M | 109.60M | 95.50M | 170.70M | -18.80M | -35.10M | -13.00M | -14.40M |
| Net Income | 562.20M | 85.10M | 79.70M | -157.90M | 500.00K | 20.20M | -151.10M | 193.90M | 56.30M | 128.70M | 51.40M | 163.80M | 464.60M | 188.40M | 110.90M | 332.90M | 353.00M | 463.50M | 282.40M | -6.50M | -249.10M | -654.60M |
| Net Income Ratio | 6.92% | 1.09% | 1.57% | -3.72% | 0.01% | 0.48% | -4.10% | 6.57% | 1.84% | 4.59% | 2.49% | 9.20% | 25.31% | 11.43% | 7.51% | 18.99% | 28.30% | 33.42% | 30.41% | -1.04% | -50.62% | -122.36% |
| EPS | 1.40 | 0.21 | 0.20 | -0.40 | 0.00 | 0.05 | -0.37 | 0.48 | 0.14 | 0.32 | 0.13 | 0.44 | 1.26 | 0.52 | 0.31 | 0.98 | 0.99 | 1.21 | 1.25 | -0.03 | -0.71 | -1.86 |
| EPS Diluted | 1.39 | 0.21 | 0.19 | -0.40 | 0.00 | 0.05 | -0.37 | 0.47 | 0.14 | 0.32 | 0.13 | 0.44 | 1.26 | 0.52 | 0.31 | 0.98 | 0.99 | 1.21 | 1.25 | -0.03 | -0.71 | -1.86 |
| Weighted Avg Shares Out | 403.01M | 400.40M | 398.40M | 396.80M | 395.50M | 402.40M | 406.80M | 406.60M | 406.00M | 404.40M | 402.30M | 375.20M | 367.50M | 365.60M | 352.70M | 339.60M | 355.00M | 382.19M | 226.11M | 238.23M | 352.27M | 352.27M |
| Weighted Avg Shares Out (Dil) | 403.10M | 414.40M | 412.60M | 396.80M | 397.40M | 406.90M | 410.30M | 409.30M | 407.30M | 407.30M | 406.90M | 375.20M | 367.50M | 365.60M | 352.70M | 339.60M | 355.00M | 382.19M | 226.11M | 238.23M | 352.27M | 352.27M |
Drax Group plc (DRXGF) Full Year 2023 Results Earnings Call Transcript
Drax Group plc (DRXGF) Full Year 2023 Results Earnings Call Transcript
Drax Group shares up 6% on the back of a 'solid' set of prelims
Drax Group (LSE:DRX) PLC's share price surged 6% in early trading following the announcement of a 66% jump in annual profit to £1.21 billion The UK's largest renewable electricity generator also raised its dividend by 10% to 13.9 pence per...
Drax posts 66% jump in annual profit, raises dividend
Drax Group , the UK's largest source of renewable electricity, posted a 66% jump in annual profit and raised its dividend on Thursday, supported by robust renewable power generation.
Ex-Rolls-Royce boss East joins carbon capture startup working with Drax Group
Warren East, the former boss of Rolls-Royce and Arm Holdings, has joined C-Capture, a University of Leeds spin-out backed by IP Group PLC (LSE:IPO), BP (LSE:BP.) and Drax Group (LSE:DRX).
Drax, Vistry and Nokia among 110 European companies at largest discounts to US peers
Fund managers, analysts and equity strategists have been banging the drum about how much cheaper UK and European stocks are than US stocks for what seems like several years now. This week, broker Liberum drilled down and came up with...
Drax Group plc (DRXGF) Q2 2023 Earnings Call Transcript
Drax Group plc (OTCPK:DRXGF) Q2 2023 Earnings Conference Call July 27, 2023 3:30 AM ET Company Participants Will Gardiner - CEO Andy Skelton - CFO Conference Call Participants Martin Young - Investec Hamish Moore - CS Dominic Nash - Barclays...
Could Drax Group be the world's largest carbon removal companies, asks Barclays?
Could Drax Group (LSE:DRX) be the world's largest carbon removal companies, Barclays pondered, despite doubts that its biomass-burning and carbon capture business plans are carbon-neutral or will lead to 'negative emissions' as it says. Following a briefing from the company,...
Drax US projects ‘highly attractive' – broker
Drax Group (LSE:DRX)'s £7bn plan to build new bio-energy with carbon capture and storage should prompt strong returns and warrants a share price target upgrade, according to RBC analysts. Raising the FTSE 250-listed generator's share price target from 1,050p to...
Drax 'confident' in biomass reporting as Ofgem opens investigation
Drax said it is “confident” in its biomass compliance after Ofgem opened an investigation into its reporting under the Renewables Obligation scheme. The energy provider said it appointed an independent third party last year to verify its biomass sustainability and...
Drax gets another buy recommendation, this time from Jefferies
Drax has received yet another bullish broker recommendation, this time from US broker Jefferies which says it likes the power generator even stripping out any benefit from its carbon capture/storage project (BECCS). BECCS was one of the casualties (supposedly) of...
Source: https://incomestatements.info
Category: Stock Reports