3i Infrastructure PLC on Monday said it is on track to deliver its dividend target and expects to report ‘another period of good performance’ for the 2025 financial year.
The Jersey-based infrastructure investment trust managed by 3i Investments PLC said total income and non-income cash from October 1 to March 28 was £273 million, more than double £104 million a year ago.
3i Infrastructure’s full financial year runs to the end of March.
The company said it was on track to deliver its dividend target of 12.65 pence per share for financial 2025, up 6.3% from 11.90 pence last year.
3i Infrastructure said three refinancing deals closed during the period on better terms than assumed in its September 2024 valuations.
It said TCR Group closed a €450 million refinancing, which enabled a €73 million distribution to 3i Infrastructure.
‘We continue to see earnings momentum in the portfolio, driven by our strategic focus on prioritising growth investments in our existing portfolio companies,’ said Managing Partner Bernardo Sottomayor.
‘We have a focused portfolio of attractive infrastructure businesses in structural growth markets. Working closely with management teams, we actively manage our portfolio to drive future growth through capex and strategic expansion. The value created by this approach is demonstrated by our long track record of accretive realisations.’
‘We have a proactive approach to debt refinancing, and combined with the earnings growth has driven income in excess of expectations,’ he added.
Shares in 3i Infrastructure were down 0.3% to 317.71 pence in London at midday on Monday.
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