VH Global Energy Infrastructure
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VH Global Energy Infrastructure (ENRG) investor relations material

VH Global Energy Infrastructure H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2026 earnings summary10 Sep, 2026

Executive summary

  • Interim results for the six months ended 30 June 2026 reflect progress on the asset realisation strategy, with two major disposals agreed post-period: US liquid storage terminals and six Brazilian solar PV assets.

  • NAV per share decreased 3.4% to 98.84p, primarily due to revaluation of assets to agreed sale prices.

  • The company paid two interim dividends (total 2.90p per share) but will not declare a Q2 2026 dividend due to insufficient distributable income.

  • Asset realisation strategy aims to maximise value and return capital to shareholders by August 2028.

Financial highlights

  • Net Asset Value (NAV) at 30 June 2026: £391.2m (down from £404.8m at 31 Dec 2025).

  • NAV per share: 98.84p (down from 102.28p at 31 Dec 2025).

  • Total leverage: 14.6% of NAV (up from 7.6%).

  • Dividend coverage: 1.43x; dividend yield: 8.0%.

  • Total revenue for H1 2026: £10.4m; loss before tax: £2.1m.

  • Ongoing charges ratio: 1.59%.

Outlook and guidance

  • No forward dividend guidance; future distributions will depend on realised income and asset sales.

  • Remaining portfolio assets are being actively marketed, with further disposals expected.

  • Asset realisation strategy expected to complete by August 2028, with capital returned via B share scheme.

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H2 202618 Mar, 2027
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