REG - GCP Infra Inv Ltd - Investor Report at 30 June 2025

GCP Infrastructure InvestmentsAnnouncement

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RNS Number : 2194U  GCP Infrastructure Investments Ltd  06 August 2025

GCP Infrastructure Investments Limited

("GCP Infra" or the "Company")

LEI 213800W64MNATSIV5Z47

 

Quarterly investor update

 

6 August 2025

 

GCP Infra is pleased to announce the publication of its investor report, which
is available at www.gcpinfra.co.uk (http://www.gcpinfra.co.uk) .

 

At 30 June 2025:

 

·  The net asset value was, as previously announced, 102.14 pence per
ordinary share;

·  The Company was exposed to a diversified and partially inflation
protected portfolio of 48

    investments with an unaudited valuation of £902.6 million; and

·  The portfolio had a weight-adjusted average annualised yield of 7.9%,
principal outstanding

    of £928.5 million and an average life of 11 years.

 

Half-yearly report and financial statements

On 12 June 2025, the Company published its half-yearly results for the period
ended 31 March 2025. The half-yearly report can be found on the Company's
website.

 

Capital allocation

The Company's Board of Directors reconfirm their commitment to the Company's
capital allocation policy set out in the 2024 Annual Report and Accounts,
continuing to prioritise repayment of leverage, as well as reducing
equity-like exposures and exposures in certain sectors, whilst also
facilitating the return of £50.0 million of capital to shareholders. At 30
June 2025, the Company had £43.0 million (31 March 2025: £41.0 million)
outstanding under its revolving credit arrangements, representing a net debt
position of £36.2 million (31 March 2025: £29.2 million) which compares to
the Company's unaudited NAV of £864.1 million (31 March 2025: £871.7
million).

 

As announced on 25 July 2025, the Company has agreed settlement terms relating
to the ongoing contractual claim under investment documentation relating to
the audits of the accreditation of a portfolio of solar projects under the
Renewables Obligation. The terms of the settlement are confidential however
the impact of the settlement was materially in line with the valuation
assumptions the Company has adopted and therefore the net asset value.
Proceeds of the settlement, which have been received by the Company post
period-end, were used in line with the Company's capital allocation policy to
prepay the Company's outstanding revolving credit arrangements. The net debt
position following the prepayment was £10.0 million.

 

Further supporting the capital allocation policy, the Company bought back
6,321,854 ordinary shares in the quarter, contributing a 0.22 pence per
ordinary share increase to NAV.

 

The Board and the Investment Adviser continue to focus on additional
opportunities for refinancings or disposals within the portfolio, in order to
achieve the targets set out in the capital allocation policy, with a number of
active processes.

 

 

For further information, please contact:

 

 Gravis Capital Management Limited        +44 (0)20 3405 8500

 Philip Kent

 Max Gilbert

 Cameron Gardner

 RBC Capital Markets                      +44 (0)20 7653 4000

 Matthew Coakes

 Elizabeth Evans

 Stifel Nicolaus Europe Limited           +44 (0)20 7710 7600

 Edward Gibson-Watt

 Jonathan Wilkes-Green

 Burson Buchanan                          +44 (0)20 7466 5000

 Helen Tarbet

 Henry Wilson

 Nick Croysdill

 

Notes to the Editor

 

About GCP Infra

GCP Infra is a closed-ended investment company and FTSE-250 constituent, its
shares are traded on the main market of the London Stock Exchange. The
Company's objective is to provide shareholders with regular, sustained,
long-term distributions and to preserve capital over the long term by
generating exposure to UK infrastructure debt and related and/or similar
assets.

 

The Company primarily targets investments in infrastructure projects with long
term, public sector-backed, availability-based revenues. Where possible,
investments are structured to benefit from partial inflation protection. GCP
Infra is advised by Gravis Capital Management Limited.

 

GCP Infra has been awarded with the London Stock Exchange's Green Economy Mark
in recognition of its contribution to positive environmental outcomes.

 

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