24th Jun 2025 10:34
(Alliance News) - Foresight Environmental Infrastructure Ltd on Tuesday said it remains optimistic, highlighting its view that environmental infrastructure was "one of the most significant investment opportunities of this generation."
The Guernsey-registered environmental infrastructure investment fund with a portfolio of assets located across the UK and Europe said net asset value per share fell 6.3% to 106.5 pence as at March 31, from 113.6p a year ago.
NAV total return was 0.6% in the financial year ended March 31, swung from minus 1.6% a year ago.
"FGEN's NAV performance during the year reflected several factors, including the write-down of our investment in HH2E in the first half of the year," Foresight Environmental said.
In November 2024, hydrogen firm HH2E announced it will file for self-administration. A majority shareholder had pulled out of funding talks.
The company said it paid a final dividend of 1.95 pence per share, up 3.2% from 1.89p a year prior. This brings the total payout to 7.80p, up 3.0% from 7.57p. For financial 2026, Foresight Environmental targets a total payout of 7.96p, an on-year increase of 2.1%.
The firm noted some notable political turbulence, including US tariff policies and heightened geopolitical tensions in Ukraine and the Middle East. Despite this, it retained an optimistic outlook for the wider environmental infrastructure opportunity.
Chair Ed Warner said: "We continue to believe that our investment strategy - investing across renewable energy generation, other energy infrastructure and sustainable resource management - offers the best opportunities for investors while contributing significantly to the energy transition in our priority markets. Environmental infrastructure continues to be one of the most significant investment opportunities of this generation and FGEN's strategic mandate ensures it is uniquely placed to capitalise on this."
Foresight Environmental shares were 1.6% lower at 78.56 pence each on Tuesday morning in London.
By Tom Budszus, Alliance News slot editor
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