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 June 2026. A combination of factors were considered including the recommended dividend for 2025, our final audited 2025 annual results, the latest long-term power outlook and investment valuation updates.

At the previous review in March 2026, the Directors’ Valuation was increased from £2.47 to £2.63. A final dividend of 12p per share for 2025 has now been recommended by the Directors. As a result of this recommended dividend and recent changes, the Directors’ Valuation has been updated to £2.55. If the dividend is approved at Thrive’s AGM in June, it will be paid in July 2026.

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.