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 March 2026. A combination of factors were considered including our 2025 annual results, the latest long-term power outlook, securing a Contract for Difference for Whitelaw Brae wind farm, changes to government policy on inflation applied to existing subsidies and a provision made against a loan outstanding from a third-party developer. As a result, the valuation of the company has changed to £2.63 per share. If a final dividend for 2025 is recommended by the Directors for shareholder approval at the AGM in June 2026, that dividend will result in a decrease in the Directors’ Valuation on the dividend record date (1st June).   

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.