GREENCOAT UK WIND PLC - H1 Results

Greencoat UK Wind PLC delivered a strong investor update for the first half of 2026, reporting robust company performance with net cash generation of £222 million, up 36 percent year over year, supported by higher wind generation and stronger power prices. The company achieved dividend cover of 1.9 times, confirmed its full year dividend is already fully funded, and expects results at the top end of EBITDA and net cash generation guidance. Net asset value remained stable while maintaining a disciplined balance sheet through debt reduction and refinancing. Management highlighted its self funding growth strategy, supported by more than £1 billion of excess cash available for reinvestment over the next five years, strengthening long term portfolio value without relying on new equity or asset sales. The presentation also emphasized a resilient business model, consistent inflation linked dividend growth, attractive margins, and significant opportunities to expand the order book through new wind investments, life extension, and repowering projects. Greencoat UK Wind believes its scale, strong cash generation, and disciplined capital allocation position the company to benefit from growing UK renewable energy demand while delivering sustainable long term shareholder returns.