Drax’s Pellet Production adjusted EBITDA fell 14% to £64 million in the first half of 2026 from £74 million a year earlier, as production declined and internal sales prices fell. Pellet output decreased to 1.9 million metric tons from 2.1 million metric tons, according to Drax Group. The lower production reflected the closure of the Williams Lake pellet plant in Canada and outages at facilities in the U.S. South. Drax also weighted more production toward the second half of 2026 to align pellet supply with expected generation at Drax Power Station. Market conditions affected the Canadian business through limited fibre availability and lower margins. Canadian operations otherwise performed well during the period, while Drax continued a strategic review of the business. Cost reductions in the U.S. South also lowered Pellet Production earnings under Drax’s cost-plus transfer-pricing system.