26th Mar 2026 10:47
(Alliance News) - International Public Partnerships Ltd on Thursday said that geopolitical tensions such as the conflict in Iran contribute to heightened volatility, while noting that the underlying performance of its investments "remains strong".
The London-based global infrastructure investor said net asset value per share rose 4.7% to 151.5 pence as at December 31, from 144.7p a year ago.
The company noted that Angel Trains "continued to perform well", with its rolling stock fleet near fully deployed.
INPP noted that Tideway's 25 kilometre "super sewer" was fully connected in February 2025 and is now capable of preventing sewage spills that would otherwise have polluted the River Thames.
"By March 2026, the system had diverted over 19 million tonnes of sewage from the river, equivalent to 5 Wembley Stadiums. Commissioning, including the storm testing phase, is currently underway and is expected to be completed in the first half of 2026," INPP said. It added that fair-value at year-end was GBP421.7 million, up 7.6% from GBP392.0 million at the end of 2024.
Tideway represents 15.8% of INPP's portfolio value as at December 31.
Meanwhile, INPP said the total dividend for 2025 was 8.58p, up 2.5% from 8.37p in 2024.
For 2026, INPP targets a total dividend of 8.79p, set for this to further rise to 9.01p in 2027.
Looking ahead, the firm said: "Against a backdrop of macroeconomic and international political issues adversely affecting the investment environment, the underlying performance of our investments remains strong. Geopolitical tensions - such as the war in Ukraine, the US claims over Greenland and, most recently, the emerging conflict with Iran - alongside evolving trade dynamics, continue to contribute to heightened volatility. Separately, the rapid advancement of artificial intelligence remains poised to reshape industries and economies worldwide."
Chair Mike Gerrard said: "The predictability of INPP's cash flows, underpinned by a portfolio of essential infrastructure investments with over 98% backed by long-term secure revenues, means we can project the ability to pay dividends for the next 25 years. With a strong pipeline of high-quality opportunities that meet clear risk and returns criteria, INPP remains exceptionally well-positioned to deliver long-term value for our shareholders".
INPP shares were up 0.9% at 127.59 pence each on Thursday morning in London.
By Tom Budszus, Alliance News slot editor
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