13th Feb 2026 09:19
(Alliance News) - GCP Infrastructure Investments Ltd on Friday said it continued to progress disposals as it announced a slight decline in net asset value per share.
The firm is advised by Gravis Capital Management Ltd, the closed-ended investment company aiming to pay dividends and preserve capital from exposure to UK infrastructure debt and similar assets.
GCP Infra reported a net asset value of 100.27 pence per share at December 31, with a portfolio valued at GBP853.8 million across 47 investments. The NAV per share was down 1.1% from 101.40p it had reported for September 30.
Net debt stood at around GBP14 million at the period end, compared with GBP8 million at September 30, with GBP24 million drawn under its revolving credit facility.
The company said it continues to progress disposals of at least GBP150 million of assets in targeted sectors, which are expected to facilitate at least GBP50 million of capital returns to shareholders and reduce outstanding debt to nil.
It added that exchanged contracts on certain supported social housing assets are expected to generate GBP43 million of day-one cash proceeds, materially in line with prior valuations.
GCP Infra shares were up 0.1% at 76.20 pence each on Friday morning in London.
By Tom Budszus, Alliance News slot editor
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