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3i Infrastructure (3IN) investor relations material
3i Infrastructure H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved a total return of 10.1% for the year, exceeding the long-term target range of 8-10%.
NAV per share rose to GBP 3.862 (386.2p), with NAV per share up 27% over three years and reduced net debt.
Dividend per share increased by 6.3% to GBP 0.1265 (12.65p), with a new target of GBP 0.1345 (13.45p) for the next year.
Portfolio is diversified across energy transition, digitalisation, and essential infrastructure, with controlling holdings in most assets.
Demonstrated a repeatable strategy focused on de-risking, accretive growth capex, and premium exits.
Financial highlights
Portfolio value at 31 March 2025: £3.8bn, with £432m total portfolio return in the year.
Net debt reduced to GBP 256 million, less than 7% of portfolio value.
Dividend per share for FY25: 12.65p; target for FY26: 13.45p.
13% year-over-year EBITDA growth and 16% EBITDA CAGR over the last three years.
Realized proceeds from the Valorem exit were EUR 310 million, with a gross IRR of 21% and a 3.6x money multiple.
Outlook and guidance
Dividend per share target for the new year set at GBP 0.1345 (13.45p), up 6.3%.
Aims to maintain a total return of 8-10% per annum over the medium term.
Continued focus on value-accretive CapEx, selective asset realizations, and share buybacks.
Portfolio positioned to benefit from megatrends in energy transition, digitalisation, and urbanisation.
No significant refinancing requirements expected in the next three years.
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