Rm Infra Inc Regulatory News (RMII)

RM Infrastructure Income Plc

("RMII" or the "Company")

LEI: 213800RBRIYICC2QC958

NAV Performance

The Company's NAV % Total Return for the quarter was -4.28%. The NAV % Total Return over the last twelve months was -9.72% and inception to date (ITD) 31.14%.

The NAV as at 31st December 2025 was 75.32 pence per Ordinary Share. This negative NAV return of -3.37 pence per share in the final quarter of 2025 was primarily driven by the mark down of investment loan Ref #76 (further details provided below). This was partially offset by a positive net interest income for the quarter of 0.647 pence per share.

Portfolio Update

As at 31st December 2025, the Company's invested portfolio had an aggregate market value of circa £38 million across 18 investments, versus an aggregate nominal outstanding balance of circa £56 million, or an aggregate mark of circa 68%.

Over the reporting period, good progress has been made with the new management team of Energie Fitness on (1) stabilising the business, and (2) identifying growth initiatives. Post consulting with RMII's largest shareholders, the Company will provide up to £3m of new capital to the Energie Fitness business. This capital will be predominantly used to acquire operational and performing network clubs. In addition to other internal value enhancement measures being conducted, we believe these acquisitions will significantly accelerate EBITDA growth and therefore enterprise value, providing the Company with better visibility and certainty on its exit, both in terms of timing and recovery value. Although the above-mentioned injection of capital is expected to safeguard the value of the Energie Fitness business against which our investment(s) are to be recovered, we felt prudent to recognise a mark down for investment loan Ref #76 until the above growth journey delivers tangible results - something we expect to see over the course of 2026 and will report back to Shareholders as and when progress is being made.

Further, Q4 2025 was active in terms of repayments with RM Funds successfully completing on two material loan repayments at par;

· Investment loan Ref #88, the Company's largest outstanding loan returning circa £15m of capital, and

· Investment loan Ref #15 returning £5m.

In aggregate, these two substantial repayments contributed towards building cash balances of circa £21.5m as at period end. As announced by the Company on the 2nd of March 2026, this has enabled the Company to conduct a further return of capital to shareholders via a tender offer of circa £13m. Further announcements in that regards will be made before the end of March 2026.

END

For further information, please contact:

RM Capital Markets Limited - Investment Manager

James Robson

Thomas Le Grix De La Salle

Tel: 0131 603 7060

FundRock Management Company (Guernsey) Limited - AIFM

Chris Hickling

Dave Taylor

Tel: 01481 737600

Apex Listed Companies Services (UK) Ltd - Administrator and Company Secretary

Grace Goudar

Tel: +44 20 4534 0665

Singer Capital Markers Advisory LLP - Financial Adviser and Broker

James Maxwell

James Fischer

Tel: 020 7496 3000

About RM Infrastructure Income

RM Infrastructure Income Plc ("RMII" or the "Company") is a closed-ended investment trust established to invest in a portfolio of secured debt instruments.

On 20 December 2023, shareholders approved the implementation of the Managed Wind-down of the Company. Accordingly, the Company's investment objective was restated as follows: "The Company aims to conduct an orderly realisation of the assets of the Company, to be effected in a manner that seeks to achieve a balance between returning cash to Shareholders promptly and maximising value."

For more information, please see

https://rm-funds.co.uk/rm-infrastructure-income/