Energy company Drax has said it expects earnings to be at the “top end” of market forecasts after a “strong” performance this year, as it announces plans to develop a data centre at its Yorkshire site.

The FTSE 250 firm said trading was boosted by the performance of its flexible generation, pellet production and biomass operations.

It told shareholders that full-year adjusted earnings will be “around the top end of consensus estimates” for 2025 after a positive second half of the year.

Drax Group chief executive Will Gardiner said: “Aligned to the UK’s future energy needs and underpinned by a strong balance sheet, good cash generation, and a disciplined approach to capital allocation, we are working to maximise the value of our existing portfolio, while driving growth over the short, me

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