Update research note from QuotedData

Pantheon Infrastructure - Update from QuotedData

7 May 2026

Moving to a new phase

Pantheon Infrastructure (PINT) delivered strong results in 2025, with an NAV total return above its 8-10% target. This was driven by solid operational performance, higher EBITDA and better cash generation. The full-year dividend was increased and fully covered. PINT is now moving from its initial buildout phase to a more mature stage, where cash generation, asset sales and reinvestment are key to returns.

This shift became clearer after year end. The sale of Calpine in January 2026, followed by a partial sale of Intersect, showed PINT's ability to both create and realise value. These deals highlight the strength of its approach: investing in assets with growth potential and recycling capital into new opportunities as the portfolio develops.

Full Research:

https://quoteddata.com/research/pantheon-infrastructure-moving-to-a-new-phase-qd/

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