18th Jun 2026 11:51
(Alliance News) - Foresight Environmental Infrastructure Ltd on Thursday reported an improved NAV total return in its recent financial year, thanks to an increased dividend, while also naming its next board chair.
The Guernsey-based company invests in environmental infrastructure such as renewable energy projects.
Net asset value per share was 105.2 pence per share at the year-end of March 31, down 1.2% from 106.5p a year before.
However, the slight decline was mostly due to the payment of a 7.96 pence dividend, up 2.1% from 7.80p in financial 2025. For financial 2027, Foresight Environmental set a new dividend target of 8.04, up 1.0%.
NAV total return was 6.2%, much improved from 0.6% in the financial 2025, thanks to improved operating income and gains on fair value of investments.
Total NAV on March 31 was GBP655.5 million, down from GBP678.7 million a year before.
For the recent financial year, Foresight Environmental booked a pretax profit of GBP37.2 million, swung from a GBP2.8 million loss the year before.
"Over the past year, we have made purposeful progress in executing the clear and disciplined strategy we outlined last year: emphasising proactive management of our existing assets, prioritising a core portfolio of environmental infrastructure, and continued delivery of both stable income and long-term capital growth," Chair Ed Warner said.
Warner will leave the board at the annual general meeting on September 17.
He will be replaced by Senior Independent Director Stephanie Coxon. She joined the board of what was then JLEN Environmental Assets Group Ltd in 2020. The company changed its name to it current one in 2024.
Coxon also is a non-executive director of infrastructure investment company International Public Partnerships Ltd and hotel operator PPHE Hotel Group Ltd.
Alan Bates will replace Coxon as senior independent director.
Foresight Environment shares were up 0.1% to 82.49p midday Thursday in London. The stock is up 6.9% over the past 12 months, giving the FTSE 250 constituent a market capitalisation of GBP514.2 million.
By Tom Waite, Alliance News editor
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