# Greencoat UK Wind reports strong cash generation and 1.4x dividend cover

- Link: https://www.directorstalkinterviews.com/greencoat-uk-wind-reports-strong-cash-generation-and-1-4x-dividend-cover/4121209945
- Published: 2025-07-30T08:16:20+01:00
- Author: Amilia Stone

**Greencoat UK Wind Plc **(LON:UKW) has announced the half year results for the 
period to 30 June 2025.

Greencoat UK Wind PLC is the leading listed renewable infrastructure fund, invested
in UK wind farms. The Company’s aim is to provide investors with an annual dividend
that increases in line with RPI inflation while preserving the capital value of 
its investment portfolio in the long term on a real basis through reinvestment of
excess cash flow.

The Company provides investors with the opportunity to participate directly in the
ownership of UK wind farms, so increasing the resources and capital dedicated to
the deployment of renewable energy and the reduction of greenhouse gas emissions.

**Performance**

·    The Group’s investments generated 2,581GWh of renewable electricity.

·    Net cash generation (Group and wind farm SPVs) was £163.3 million and dividend
cover was 1.4x.

**Net Asset Value**

·   The Company announces that its unaudited Net Asset Value as at 30 June 2025 
is £3,182.7 million (143.4 pence per share). The Company’s June 2025 Factsheet is
available on the Company’s website, www.greencoat-ukwind.com.

**Capital Allocation**

·    The Company declared total dividends of 5.18 pence per share with respect to
the period and paid a dividend of 2.50 pence per share with respect to Q4 2024 in
the period.

·    During the period the Company has bought back 35 million of its own shares 
at an average cost of 115 pence per share.

·    Post period end, the Company announced part disposals of three wind farms for
£181 million which will bring total divestments in the past year to £222 million.

·    Aggregate Group Debt was £2,254 million as at 30 June 2025, equivalent to 41.5
per cent of GAV. Were the proceeds of the disposals announced today applied to debt
repayment, pro forma gearing would stand at 39.5 per cent.

> **Commenting on today’s results, Lucinda Riches, Chairman of Greencoat UK Wind,
> said**:
> _“_“The Board and the Investment Manager remain fully aligned with investors and
> continue to focus on driving long-term shareholder value through proactive capital
> allocation and active asset management. We are pleased to have announced further
> disposals, delivered at NAV, which will bring total divestment proceeds to £215
> million.
> Despite lower portfolio generation due to low wind, the Group delivered robust
> cash generation of £163 million to achieve dividend cover of 1.4x. The team continues
> to progress a number of key initiatives aimed at optimising asset performance 
> and enhancing long-term value.
> We are an established leader in the sector, with a simple, low risk and proven
> model, a substantial portfolio of high-quality assets, and an attractive net return
> for investors. We remain confident in our ability to deliver on our objectives
> of growing the dividend in line with RPI and capital preservation over the long
> term and extend our track record of outperforming our peers.”

**Dividend Announcement**

The Company also announces a quarterly dividend of 2.59 pence per share in respect
of the period from 1 April 2025 to 30 June 2025.

**Dividend Timetable**

Ex-dividend date:        14 August 2025

Record date:               15 August 2025

Payment date:             29 August 2025

**Key Metrics**

As at 30 June 2025:

| Market capitalisation | £2,674.6 million | 
| Share price | 120.5 pence | 
| Dividends with respect to the period | £115.0 million | 
| Dividends with respect to the period per share | 5.18 pence | 
| GAV | £5,436.7 million | 
| NAV | £3,182.7 million | 
| NAV per share | 143.4 pence | 
| Total Shareholder Return | 11.5 per cent | 
| Discount to NAV | 16.0 per cent |

**Details of the webcast for analysts and investors:**

There will be a virtual presentation at 9.00am today for analysts and investors.
Register and watch the event at: https://stream.brrmedia.co.uk/broadcast/686539e0c585410013194140

If dialling-in via phone, the following details can be used:

UK-Wide: +44 (0) 33 0551 0200

UK Toll Free: 0808 109 0700

Password: Quote ‘Greencoat UK Wind’ when prompted by the operator

Presentation materials will be posted on the Company’s website, www.greencoat-ukwind.
com, from 9.00am.

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