Pantheon Infrastructure Plc (LON:PINT) has announced the Company’s half year results for the six months ended 30 June 2026.
Highlights:
· As at 30 June 2026, the Company had £582 million invested or committed across fifteen assets
· Net asset value (NAV) of £580 million, equivalent to 123.9 pence per share
· NAV Total Return of (3.3)% during the period
· Two significant portfolio realisations completed during the period – Calpine and Intersect Power – generating more than $70 million of immediate cash proceeds for the Company
· £41 million committed to Terra-Gen, a large-scale US solar energy platform, demonstrating the Company’s strategy of selectively recycling realisation proceeds into attractive infrastructure opportunities
· Total shareholder return of 10.3% during the period
· Increased first interim dividend by 3.5% to 2.249p per share for the year ending 31 December 2026
The Company has invested in and targets assets in the following sectors: Digital, including wireless towers, data centres, and fibre-optic networks; Power & Utilities, including electricity generation, gas transmission and district heating; Renewables & Energy Efficiency, including smart infrastructure, solar, and sustainable waste; and Transport & Logistics, including ports, rail, roads, airports and logistics assets.
Patrick O’Donnell Bourke, Chair, Pantheon Infrastructure Plc, said: “The first half of 2026 was marked by a challenging macroeconomic and geopolitical backdrop, which continues to create uncertainty across global markets. Against this environment, PINT’s diversified portfolio has remained resilient. While NAV declined slightly during the period, largely as a result of the fall in the Constellation Energy share price, we remain confident in the Company’s strategy and long-term outlook.
“The structural trends driving the need for infrastructure investment, from energy transition and growing demand for digital infrastructure to the need for more resilient, climate-adapted infrastructure, remain as compelling as ever. Our decision to increase the first interim dividend by 3.5% demonstrates that confidence and our continued commitment to delivering long-term value for shareholders.”
Richard Sem, Partner at Pantheon and PINT’s investment manager, comments on the portfolio and performance: “PINT’s underlying portfolio remained resilient during the first half of 2026, with the completion of the Calpine and Intersect Power realisations generating more than $70 million of cash proceeds and giving us greater flexibility to invest in attractive opportunities. Our £41 million investment in Terra-Gen is a good example of this, adding further exposure to contracted renewable generation in North America.
“We continue to see encouraging developments across a number of our investments and a strong pipeline of opportunities across PINT’s core investment themes. We remain disciplined and selective in deploying capital, focusing on high-quality assets that we believe can deliver attractive long-term shareholder returns.”
