FORESIGHT ENVIRONMENTAL INFRASTRUCTURE LIMITED - Full Year Results

Foresight Environmental Infrastructure Limited (FGEN) reported resilient FY2026 financial results, highlighting the strength of its diversified environmental infrastructure portfolio and self-sustaining growth strategy. The company delivered a 6.2% NAV total return, supported by stable cash generation, active portfolio management, and value-accretive investments across clean transport and anaerobic digestion assets. Net asset value stood at £656 million, with NAV per share of 105.2p, while dividend cover remained robust at 1.25x. FGEN increased its FY2027 target dividend by 1% to 8.04p per share, marking a twelfth consecutive year of dividend growth. The £759 million portfolio benefits from broad exposure to renewable energy generation, energy transition infrastructure, waste management, and sustainable resource assets, reducing reliance on power prices and enhancing revenue resilience through diversified income streams, inflation linkage, and contracted revenues. Growth platforms such as CNG Fuels, controlled environment agriculture, and biomethane infrastructure continued to progress, with CNG Fuels more than doubling EBITDA to £14.2 million and providing guidance for further growth in FY2027. The company maintained a conservative balance sheet, with overall gearing below 30%, and completed follow-on investments generating mid-teen returns. Management remains focused on delivering a progressive dividend, organic NAV growth, disciplined capital allocation, and long-term shareholder value through a scalable model that does not rely on new equity issuance. FGEN continues to target annual NAV total returns of 8–10%, underpinned by resilient operational performance, embedded growth opportunities, and proactive asset management.