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Greencoat Renewables PLC reported on Monday it had swung to a loss for the first half of 2025, but managed to boost its dividend. The Dublin-based renewable energy infrastructure investor suffered pretax loss of €66.9 million for the six months that ended June 30, flipped from a profit of €36.9 million a year earlier. Greencoat debuted on the Johannesburg Stock Exchange early in June this year. Negative return on investment was €37.4 million, compared to positive return on investment of €68.0 million. Greencoat said its interim dividend amounted to 3.41 euro cents, up 12% from 3.37 cents, and noted it is on track to reach its full-year dividend target of 6.61 cents. Loss per share was 6.11 cents, swung from earnings per share of 3.04 cents. The company said renewable electricity generated for six months was 1,830 gigawatt-hours, down 15% from 1,927GWh. Cash generation was €68.7 million, down 40% from €113.6 million. As at June 30, net asset value per share was down 8.5% to 101.0 cents from 110.5 cents at December 31, 2024, and was 9.9% lower compared to 112.1 cents. Greencoat Renewables Chair Ronan Murphy said the European renewables sector had proven to be resilient, underpinned by binding government commitments to decarbonisation, accelerating corporate demand for clean energy, and the convergence of digital and energy. ‘Greencoat Renewables’ diversified portfolio and active asset management approach position us well, despite current challenges, to capitalise from significant long-term sector growth,’ Murphy said. Shares in Greencoat Renewables were up 0.7% to €0.74 in London on Monday. In Johannesburg, they were down 2.1% to R 15.17, however. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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