**Summary**
3i Infrastructure PLC released an amended Q3 performance update for the period from October 1, 2025, to January 30, 2026, highlighting key developments in its diversified infrastructure portfolio. The company reported strong overall performance, with notable achievements across several investments
**ESVAGT** expanded its fleet with the delivery of the worldโs first dual-fuel Service Operations Vessel (SOV) and acquired two additional SOVs, supported by a โฌ23 million investment from 3iN.
**Joulz** signed agreements to acquire two businesses, expected to increase EBITDA by 70% and expand its geographic and service capabilities, with 3iN contributing up to โฌ107 million in equity.
**TCR** continued to perform well, securing new contracts and increasing its revolving credit facility by โฌ100 million.
However, **DNSNET** faced significant challenges due to a worsening financing environment for German fibre roll-out businesses. The company expects to write down the value of its equity in DNS:NET to zero by March 2026, given the lack of available debt financing. This investment, previously valued at ยฃ212 million (5.6% of net asset value), is now considered a disappointing outlier.
Other portfolio companies, such as **SRL**, continued to face challenges, while the rest performed in line with or <mark style="background-color:yellow">above</mark> expectations. 3iN remains on track to meet its FY26 dividend target of 13.45 pence per share, covered by net income. The companyโs balance sheet shows a net debt position of ยฃ500 million, with plans to repay the Revolving Credit Facility using proceeds from future realizations.
The Investment Manager hosted a Capital Markets Event in January 2026, providing updates on key portfolio companies, and remains focused on disciplined investment opportunities.
**Key Financial Highlights**
Total income and non-income cash for Q3 2025: ยฃ53 million.
FY26 dividend target13.45 pence per share (up 6.3% from FY25).
Net debt position as of January 302026: ยฃ500 million.
The update emphasizes 3iNโs commitment to responsible infrastructure investment, delivering sustainable returns, and positively influencing its portfolio companies.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since the text does not provide explicit year-on-year data, the table is structured to compare key financial highlights and debt positions as mentioned in the text.
### Notes:
1. **Dividend Target**: FY26 target is 6.3% higher than FY25.
2. **Income and Non-Income Cash**: Only FY26 data is available for the 3 months to 31 December 2025.
3. **Debt and Cash**: FY26 figures are as of 30 January 2026.
4. **DNS:NET Valuation**: FY25 valuation is provided, with an expected write-down to zero by March 2026.
5. **Joulz Bolt-on Commitment**: New commitment in FY26, not applicable in FY25. This table provides a structured comparison based on the available data in the text.