**Summary of 3i Infrastructure PLC Half-Year Financial Report (November 2025)**
3i Infrastructure PLC’s half-year financial report for the six months ending September 2025 highlights strong performance across its high-quality portfolio, exceeding half of its 8-10% annual target return. Key financial and operational highlights include
**Total Return**£258 million, representing a 7.4% return on opening net asset value (NAV), up from £169 million (5.1%) in the same period last year.
**NAV Growth**NAV per share increased to 407.9p from 386.2p at March 2025, driven by strong portfolio performance.
**Dividend**Interim dividend of 6.725p per share (up 6.3% from 6.325p in FY25) declared, on track to meet the FY26 target of 13.45p per share.
**Portfolio Performance**Total income and non-income cash rose 18% to £121 million, supported by robust earnings growth across the portfolio, particularly from TCR, which outperformed expectations.
**Strategic Review**Initiated a strategic review of TCR due to its strong performance and interest from larger private infrastructure funds.
**Sustainability**Progress on science-based emissions reduction targets, with four out of eleven portfolio companies having validated targets.
**Liquidity**Strong liquidity position with £556 million available, including £6 million in cash and £550 million in undrawn facilities.
The company remains confident in its long-term growth potential, supported by its active management approach, exposure to structural megatrends, and a defensive portfolio positioning. The report underscores 3i Infrastructure’s commitment to delivering sustainable returns to shareholders while advancing sustainability goals across its portfolio.