3rd Feb 2025 16:05
(Correcting the dividend target percentage change figure)
(Alliance News) - 3i Infrastructure PLC on Monday said its portfolio was "performing well" during the third quarter, as its investor believes the firm is on track to meet its full-year dividend growth target.
The Jersey-based infrastructure investment trust managed by 3i Investments PLC said total income in the three months to December 31 was GBP58 million, up 18% on-year from GBP49 million.
3i Infrastructure added it was "on track" to deliver its total dividend target of 12.65 pence per share for financial 2025, up 6.3% from 11.90p last year.
"We continue to see good earnings momentum in the portfolio, driven by our strategic focus on prioritising growth investments in our existing portfolio companies," said Scott Moseley and Bernardo Sottomayor, managing partners & co-heads of 3i Investments.
"Transactions in the private markets demonstrate continued demand for high-quality infrastructure companies, such as those held by 3iN, and the potential latent value within our portfolio. During the period, we completed the sale of our stake in Valorem at a 31% premium to the pre-transaction valuation, providing further evidence of this dynamic.
"We are on track to deliver our dividend target for the year, which is expected to be fully covered by income."
Shares in 3i Infrastructure were down 0.3% at 317.50p each in London on Monday afternoon.
By Emily Parsons, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.