OPG Power Ventures has delivered robust H1/22A results despite challenging market conditions. Revenue increased c54% YoY to £55.6m and the company generated higher gross profit of £14.5m in H1/22A vs £13.9m in H1/21A, the lower margin due mainly to higher cost of coal. The company continue to execute its deleveraging strategy, with net debt (including restricted cash)/Adj EBITDA reducing from 0.5x in FY21A to 0.4x in H1/FY22A, demonstrating the robust OPG capital structure. We release conservati ....
