REG - GCP Infra Inv Ltd - Investor Report at 31 March 2026

GCP Infrastructure InvestmentsAnnouncement

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RNS Number : 1600F  GCP Infrastructure Investments Ltd  21 May 2026

GCP Infrastructure Investments Limited

("GCP Infra" or the "Company")

LEI 213800W64MNATSIV5Z47

 

Quarterly investor update

 

21 May 2026

 

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 31 March 2026:

 

·    The net asset value was, as previously announced, 100.26 pence per
ordinary share;

·    The Company was exposed to a diversified and partially inflation
protected portfolio of 47 investments with an unaudited valuation of £850.6
million; and

·    The portfolio had a weight-adjusted average annualised yield of 8.0%,
principal outstanding of £903.4 million and an average life of 11 years.

 

Capital allocation

 

The Company set out an update to its capital allocation policy as part of the
capital markets day in February. The slides and a recording are available on
the Company's website. This set out: (i) that accelerated return of capital
through disposals and refinancing would continue to occur; and (ii) a
framework for the use of the Company's available capital that is a function of
the relationship between the Company's share price and net asset value per
share.

 

As part of this a pipeline of ongoing disposals, and the status of such
disposals, was set out. This included the repayment of c. £43.0 million of
loans, secured against a portfolio of supported social housing assets, as part
of the sale of such portfolio by the relevant borrowers which exchanged in
late January and was announced by the Company, with completion expected in the
coming weeks. Further, this pipeline included the refinance of c. £40.0
million of loans extended to a portfolio of operational solar projects with
completion also expected in the coming weeks. A wider pipeline of disposals
continues to be progressed.

 

At 31 March 2026, the Company had £27.0 million (31 December 2025: £24.0
million) outstanding under its revolving credit arrangements, representing a
net debt position of c. £17.0 million (31 December 2025: c. £14.0 million)
which compares to the Company's unaudited NAV of £828.9 million (31 December
2025: £837.5 million).

 

Further supporting the capital allocation policy, the Company bought back
8,479,700 ordinary shares in the quarter. In aggregate, the Company has
purchased c. £30.0 million of shares since announcing the capital allocation
policy.

 

Portfolio

 

The Company is pleased with the uptake by shareholders of its investor portal,
Carapace (the "Portal"), providing shareholders with granular information on
the Company's investment portfolio. The Portal has been updated to incorporate
the latest quarterly valuation. Any shareholder who would like access to the
Portal should e-mail carapace@graviscapital.com
(mailto:carapace@graviscapital.com) .

 

For further information, please contact:

 

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

 Philip Kent

 Robyn MacHugh

 Cameron Gardner

 RBC Capital Markets                      +44 (0)20 7653 4000

 Matthew Coakes

 Elizabeth Evans

 Sahil Suleman

 Canaccord Genuity Limited                +44 (0)20 7523 8000
 Edward Gibson-Watt
 Stuart Andrews
 Elizabeth Halley-Stott

 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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