International Public Partnerships FY NAV per share rises  on portfolio performance

International Public Partnerships

26/03/2026 07:12

Corrects net asset value in Key Details table to GBP 2.7 bln, from GBP 77 mln

Overview

UK infrastructure investor's full-year NAV per share rose 4.7% yr/yr, driven by portfolio gains

Company met 2025 dividend target and shifted to quarterly payments, maintaining progressive policy

Share buybacks exceeded £135 mln, boosting NAV; asset disposals completed at or above valuations

Outlook

Company reconfirms 2026 full-year dividend target at 8.79p per share

International Public Partnerships declares 2027 dividend target at 9.01p per share

Company expects portfolio cash receipts to cover dividends for at least next 25 yrs

Result Drivers

PORTFOLIO PERFORMANCE - Co said NAV growth was underpinned by resilient cash flow expectations and strong operational performance across essential infrastructure assets

ASSET DISPOSALS - Asset disposals completed at or above published valuations, providing direct market evidence for portfolio valuation

FOREIGN EXCHANGE AND MACRO MOVES - Positive foreign exchange and macroeconomic movements contributed to NAV growth, offsetting impact from higher government bond yields

Company press release: ID:nRSZ1711Ya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Pretax Profit
GBP 263.90 mln
GBP 220.73 mln (2 Analysts)
FY Dividend
GBP 0.09
FY Net Asset Value
GBP 2.7 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy."

Wall Street's median 12-month price target for International Public Partnerships Ltd is GBp145.00, about 14.7% above its March 25 closing price of GBp126.40

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)