UK's GCP Infrastructure half-year net income rises on reduced unrealised losses

GCP Infrastructure Investments

04/06/2026 07:11

Overview
UK infrastructure debt investor's half-year net income rose sharply, driven by reduced unrealised losses
Company's net asset value per share declined to 100.26p, reflecting portfolio valuation changes
Company repurchased 10.2 mln shares, returning £7.6 mln to shareholders during the period

Outlook
GCP Infra maintains a dividend target of 7.0 pence per share for FY ending 30 Sep 2026
Company intends to continue accelerated asset disposals and portfolio rebalancing toward debt
Company says principal risks unchanged but geopolitical risk probability and impact have increased

Result Drivers
REDUCED UNREALISED LOSSES - Co said higher profit was primarily due to a significant reduction in net unrealised losses on the portfolio
LIMITED NEW INVESTMENT - No new loans were advanced, with £8.7 mln deployed to existing borrowers under contractual obligations
GRID CURTAILMENT IMPACT - Ongoing grid curtailment in Northern Ireland wind farms continued to negatively affect exported generation and asset valuation

Company press release: ID:nRSD9122Ga

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Total Income
 
GBP 24.20 mln
 
H1 Net Income
 
GBP 17 mln
 
H1 Net Asset Value Per Share
 
GBP 1.003
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the closed end funds peer group is "buy"
Wall Street's median 12-month price target for GCP Infrastructure Investments Ltd is GBp82.50, about 7.7% above its June 3 closing price of GBp76.60
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)