LONDON, July 31 (Reuters) - British power company Drax Group's (DRX.L) , opens new tab first-half adjusted core profit fell by about 11%, hit by a decline in biomass generation and lower UK wholesale power prices, it said on Thursday.

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) fell to 460 million pounds ($611 million) in the first half, against 515 million pounds in the same period last year.

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Drax, which has converted coal plants to run on biomass, provides about 6% of Britain’s electricity.

($1 = 0.7535 pounds)

https://www.reuters.com/business/energy/uk-power-company-drax-posts-first-half-profit-fall-2025-07-31/