Results for the six months to 30 September 2026

Download this press release  
Download the full version of this press release  

Our high-quality diversified portfolio continued to deliver strong earnings growth during the first half of our financial year and we are on track to meet our target return of 8% to 10% for the year. Total income and non-income cash increased by 61% compared with the same period last year. We remain on course to achieve the FY27 dividend target of 14.30 pence per share, a 6.3% increase on the previous year. The dividend is expected to be fully covered by net income.

Performance highlights

Richard Laing, Chair of 3i Infrastructure plc (‘3i Infrastructure’, ‘3iN’ or the ‘Company’)

“We have a high-quality, diversified portfolio aligned with a range of supportive long-term megatrends, which continues to deliver strong earnings growth. We are on track to deliver our FY27 dividend target, which is a 6.3% increase on last year's dividend. We have up to £1.2 billion of available liquidity to support the continued growth in our portfolio companies and pursue attractive new investment opportunities as they arise.”

Performance

The Company generated a total return on opening NAV of 4.5% for the first half of the year, in line with our target return of 8% to 10% per annum (30 September 2025: 7.4%). The NAV per share increased to 416.4 pence (31 March 2026: 405.2 pence). The portfolio overall is performing well, delivering another year of strong double-digit underlying EBITDA growth for the twelve months to June 2026.

Interim dividend

The Board is announcing an interim dividend of 7.15 pence per share, scheduled to be paid on 11 January 2027 to holders of ordinary shares on the register on 27 November 2026. The ex-dividend date will be 26 November 2026.

As an investment trust, the Company is permitted to designate dividends wholly or partly as interest distributions for UK tax purposes. The full 7.15 pence interim dividend has been designated as an interest distribution.

Corporate governance

The Company’s Annual General Meeting (‘AGM’) was held on 2 July 2026. All resolutions were approved by shareholders, including the re-election of all Directors to the Board. On 23 July 2026, Andrew Sykes joined the Board as an independent non-executive Director and Chair Designate. Andrew will succeed Richard Laing as Chair of the Board with effect from 1 January 2027, when Richard will step down from the Board.

Audit tender result

Following the conclusion of a competitive audit tender process led by the Audit and Risk Committee, the Board has approved the continued appointment of Deloitte LLP as the Company's external auditor, subject to shareholder approval at the 2027 AGM. The comprehensive audit tender process followed the Financial Reporting Council Minimum Standard.

Richard Laing
Chair

-Ends-

For further information, please contact:

Notes

This report contains Alternative Performance Measures (‘APMs’), which are financial measures not defined in UK-adopted International Financial Reporting Standards (‘IFRS’). These include Total return on opening NAV, NAV per share, Total income and non-income cash, Investment value including commitments, Total portfolio return percentage, Net debt and Total liquidity. More information relating to APMs, including why we use them and the relevant definitions, can be found in the Financial review section and the Company’s Annual report and accounts 2026. The Total return for the period is the total comprehensive income for the period under IFRS.

For further information regarding the announcement of the results for 3i Infrastructure plc, please visit www.3i-infrastructure.com. The analyst presentation will be made available on this website.

Notes to editors

3i Infrastructure plc is a Jersey-incorporated, closed-ended investment company, an approved UK Investment Trust, listed on the London Stock Exchange and regulated by the Jersey Financial Services Commission. The Company’s purpose is to invest responsibly in infrastructure, delivering long-term sustainable returns to shareholders and having a positive influence on our portfolio companies and their stakeholders. 3i Investments plc (the 'Investment Manager'), a wholly-owned subsidiary of 3i Group plc, is authorised and regulated in the UK by the Financial Conduct Authority and is the investment manager to 3i Infrastructure plc.

This statement has been prepared solely to provide information to shareholders. It should not be relied on by any other party or for any other purpose. It and the Company’s Half-yearly report may contain statements about the future, including certain statements about the future outlook for 3i Infrastructure plc. These are not guarantees of future performance and will not be updated. Although we believe our expectations are based on reasonable assumptions, any statements about the future outlook may be influenced by factors that could cause actual outcomes and results to be materially different.

This press release is not for distribution (directly or indirectly) in or to the United States, Canada, Australia or Japan and is not an offer of securities for sale in or into the United States, Canada, Australia or Japan. Securities may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the ‘Securities Act’), or an exemption from registration under the Securities Act. Any public offering to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling security holder and will contain detailed information about 3i Group plc, 3i Infrastructure plc, and management, as applicable, as well as financial statements. No public offering in the United States is currently contemplated.