GREENCOAT RENEWABLES PLC - Greencoat Renewables 2026 Interim Results

Greencoat Renewables 2026 Interim Results

GREENCOAT RENEWABLES PLC
(Incorporated in the Republic of Ireland)
Registration Number: 598470
LSE Share Code: GRP
Euronext Dublin Share Code: GRP
JSE Share Code: GCT
ISIN Code: IE00BF2NR112
LEI: 635400TVSIFFQOB8RB67
(“GRP” or the “Company”)

Greencoat Renewables 2026 Interim Results

Dublin, London, Johannesburg | 14 September 2026: Greencoat Renewables PLC
(“Greencoat Renewables” or the “Company”) today announces its results for the six months
ended 30 June 2026 (“Interim Results”), which have been published in full on the Company’s
website: www.greencoat-renewables.com.

2026 Interim Results Highlights

   •   Net cash generation of €59.8 million equating to robust net dividend cover of 1.6x,
       and Illustrative five-year contracted cash flow profile of 73% through to 31
       December 2030, providing meaningful revenue visibility

   •   Profit for the period after tax increased to €11.9 million (June 2025: €68.0 million
       loss after tax)

   •   Earnings and headline earnings increased to 1.08 cents per share (June 2025: 6.11
       cents loss per share)

   •   Dividends of 3.41 cents per share paid or declared with respect to the period, in line
       with the full year dividend target (June 2025: 3.41 cents per share)

   •   €50 million of share buyback programmes announced since March 2026, with
       36,059,472 million shares repurchased at a cost of €27.3 million as of 10 September
       2026

   •   1,851 GWh of renewable electricity generated during the period, with production 6%
       below budget due to lower wind resource predominantly in Q1. Ireland, which
       represents the majority of total revenues performed in line with expectations

   •   Progressing portfolio optimisation, asset disposals, hybridisation and development
       opportunities as planned

   •   Launched a Green Digital Infrastructure Platform on a 50:50 basis with funds
       managed by Schroders Greencoat

   •   NAV per share of 97.2 cents (December 2025: 99.0c)

   •   Aggregate Group debt of €1,203 million, equivalent to 53.3% of GAV, remaining well
       within 60% investment policy limit

   •   Agreed an accretive short-term PPA for merchant volumes in Germany shortly after
       period end, demonstrating continued progress on the Company's recontracting
       strategy, increasing illustrative five-year contracted cashflow profile to 75%

   •   Completed the step up to the Main Board of the Johannesburg Stock Exchange as
       part of the Company’s wider equity capital markets strategy

Bernard Byrne, Non-Executive Chairman of Greencoat Renewables, commented:

"The first half of 2026 demonstrated the resilience of Greencoat Renewables' portfolio and
business model. While generation was modestly below budget overall, our home market of
Ireland, which accounts for the majority of the Group's revenues, performed in line with
expectations and underpinned strong cash generation and robust dividend cover.

In March, we introduced a revised capital allocation framework with a self-funded plan
designed to enhance shareholder returns while maintaining balance sheet discipline and
supporting long-term value creation. Since then, we have announced €50 million of share
buyback programmes, representing half of our €100 million capital return objective.
Alongside this, we have continued to advance portfolio optimisation and , initiated formal
asset sale processes, whilst assessing hybridisation and development opportunities that have
the potential to create additional sources of future value.

The Board remains focused on disciplined capital allocation, maintaining a resilient balance
sheet and delivering sustainable long-term value for shareholders, while positioning the
Company to benefit from the opportunities for growth arising from the energy transition”.

Key Metrics
                                                                                     As at
                                                                              30 June 2026
 Market capitalisation                                                        €803 million
 Share price                                                                     73.9 cent
 Dividends with respect to the period                                        €37.5 million
 Dividends with respect to the period per share                                  3.41 cent
 GAV                                                                        €2,258 million
 NAV                                                                        €1,055 million
 NAV per share                                                                   97.2 cent
 Discount to NAV                                                                    24.0%

A copy of the Interim Results has been submitted to the National Storage Mechanism and will
shortly be available for inspection at: https://www.fca.org.uk/markets/primary-
markets/regulatory-disclosures/national-storage-mechanism and is also available on the JSE
cloudlink at https://senspdf.jse.co.za/documents/2026/JSE/ISSE/GCTE/HY2026.pdf

This short-form announcement is the responsibility of the directors and is only a summary of
the information included in the Interim Results. Any investment decision by investors and/or
shareholders should include consideration of the information in the Interim Results.

Conference call and webcast for analysts and investors

Greencoat Renewables’ Management Team will host a conference call and webcast for
analysts and investors to discuss these results today at 09.00am BST / 10.00am SAST.
Participants can register for the conference call and webcast through the below links.

   •   Conference call: To register for the conference call, please contact FTI Consulting by
       email at greencoat@fticonsulting.com

   •   Webcast: To register for the webcast, please click here

 Presentation materials are available on the Company's website: www.greencoat-
renewables.com.

                                         --- ENDS ---

14 September 2026

Sponsor
Valeo Capital Proprietary Limited

For further details contact:

Schroders Greencoat LLP (Investment Manager)
Bertrand Gautier
Paul O'Donnell
John Musk                                                +44 20 7832 9495

FTI Consulting (Investor Relations & Media)
Sam Moore                                                +353 87 737 9089
Conor Pierce                                             greencoat@fticonsulting.com

About Greencoat Renewables PLC
Greencoat Renewables PLC is an investor in euro-denominated renewable energy
infrastructure assets. Initially focused solely on the acquisition and management of operating
wind farms in Ireland, the Company also invests in wind and solar assets in certain other
European countries with stable and robust renewable energy frameworks. It is managed by
Schroders Greencoat LLP, an experienced investment manager in the listed renewable energy
infrastructure sector.
Date: 14/09/2026 08:00:00
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