Greencoat UK Wind reports Q3 NAV of 135.7p per share

Greencoat UK Wind PLC on Thursday announced a net asset value per share of 135.7 pence as of September 30, 2026, representing a 3.2% total return for the quarter.

The company’s performance benefited from higher power prices, which added 2.7% to the opening NAV, and increased short-term inflation forecasts, which contributed 2.2%. Net cash generation added 1.6%, while debt mark-to-market gains contributed 0.8%.

These gains were partially reduced by a 25 basis point increase in discount rates, which lowered NAV by 2.1%, along with depreciation at 1.6% and an increased EGL liability of 0.4%.

The company generated £45 million in net cash during the third quarter, compared to approximately £25 million in the same period of fiscal year 2025.

Generation output fell 2% below budget in the third quarter. The company said it expects 2026 EBITDA and net cash generation to reach the upper end of its guidance range of £560 million to £660 million and £350 million to £410 million, respectively.

As of September 30, 2026, the company’s aggregate group debt stood at £2,047 million, representing 41.1% of gross asset value. After the quarter ended, the company refinanced £150 million of term debt scheduled to mature in 2027 with its existing lender group.