Greencoat Renewables launches buyback after swinging to annual loss

Greencoat Renewables PLC on Thursday suffered annual loss, but launched a share buyback and unveiled new green digital infrastructure platform.

The Dublin-based renewable energy infrastructure investor incurred pretax loss of €49.3 million in 2025, swung fro profit of €53.3 million in 2024.

Total income crashed to €9.3 million from €113.9 million, after return on investments plummeted to €8.7 million from €113.8 million.

Greencoat said its portfolio performed broadly in line with its expectations in a year of materially low wind resource across Europe.

As at December 31, net asset value per share fell 10% to 99.0 euro cents from 110.5 cents at December 31, 2024, and was down 2% from 101.0 cents at June 30, 2025.

The reduction in NAV reflected power price weakness in mainland Europe and particularly the Nordics.

Greencoat boosted total dividend to 6.81 euro cents in 2025, up 6.1% from 6.42 cents in 2024. It plans to maintain payout at 6.81 cents for 2026.

The company launched a share buyback of up to €100 million over next 12 months, with the potential to further increase in the future. From Thursday, it started repurchasing up to €25 million worth of shares as part of this programme.

On Thursday, Greencoat unveiled a new green digital infrastructure platform, and noted it is first investing in Drogheda Energy Park in Ireland.

The new platform will focus on opportunities where grid access, land and energy infrastructure can be combined to serve the fast-growing and high energy requirements of digital infrastructure, supporting AI-led growth, the company said.

Greencoat also plans selective disposal to recycle up to €350 million of assets over the next 18 months.

Shares in Greencoat rose 3.8% to 0.71 pence in London on Thursday, while they were up 1.3% to R 13.22 in Johannesburg.

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