Directors' Valuation

Our mission is to connect as many people as possible with clean energy, which is why we are proud to have a large and diverse shareholder group. Because of this we also have a responsibility to disclose when a material event – or combination of events – impacts the value of Thrive as a company.

The Directors’ Valuation was reviewed by the Board in May 2025. A combination of positive and negative factors including updated power price projections, improved valuation of existing investments, portfolio performance for Q1, and the recommended 2024 dividend were considered. As a result, the valuation of the company has been updated to £2.47 per share. A final dividend of 12p per share for 2024 has been recommended by the directors for shareholder approval at the AGM in June 2025. If approved, the record date will be 7 May 2025 and it will then be paid in July 2025.

Our projects benefit from a range of power sales contracts which include price floors, fixed pricing and inflation linked elements, as well as government backed renewable electricity support mechanisms. To estimate the long-term dividend flow from our projects, we combine the prices we have agreed in power sales contracts, wholesale electricity market prices in the immediate and medium term and longer-term projections which are provided by market leading experts.