HICL Infrastructure reports 10.3% NAV return for the year, beating asset sale goals and raising dividend guidance to 8.65p for 2028.
HICL Infrastructure delivered a 13.1% total shareholder return for the year, driven by a 10.3% net asset value (NAV) return and 7.1p per share NAV growth. The company completed £536 million in asset sales, surpassing its £200 million target, while maintaining solid cash generation to support future dividends.
Underlying portfolio returns reached 12.2%, exceeding expectations, with gains from growth assets and sales above carrying value. Since its 2006 listing, HICL has achieved an 8.5% annual NAV return, including £1.50 in dividends and £0.60 in NAV growth.
Management reaffirmed disciplined capital allocation, focusing on water, transport, and digital assets while rotating out of PPP assets. The company also guided for an 8.65 pence dividend in fiscal 2028.