3i Infrastructure pleased with first quarter but backdrop "uncertain"

(Alliance News) - 3i Infrastructure PLC on Thursday said its portfolio companies have performed in line or ahead of expectations so far in its financial year.

The infrastructure investor said it is "pleased" with how its portfolio traded that in the first quarter to June 30.

"Whilst the market remains uncertain, our diverse and resilient portfolio continues to offer a combination of defensive characteristics and long-term valuation upside," said Bernardo Sottomayor, head of European Infrastructure at the investor's manager 3i Investments PLC.

Total income and non-income cash in the period amounted to GBP63 million.

3i Infrastructure said it is "on track" for a full-year payout totalling 13.45 pence per share, up 6.3% from financial 2025.

Among its portfolio, the firm said data communications service provider FLAG "successfully refinanced its debt facilities" during the quarter.

"The new facilities were raised with reduced margins and improvements in other terms, and include a USD100 million revolving credit facility that will enable the business to continue to upgrade and extend its fibre network," 3i Infrastructure added.

TCR, a lessor of airport ground support equipment, has outperformed and has won a "number of new contracts".

SRL Traffic Systems is performing in line with revised expectations. However, 3i Infrastructure is "cautious" on the outlook for the temporary traffic management equipment rental company "given market conditions have yet to materially improve".

3i Infrastructure shares rose 1.6% to 345.07 pence each in London on Thursday morning.

By Eric Cunha, Alliance News news editor

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