SDCL Efficiency Income Trust plc (LSE:SEIT) has published its interim results for the six months to 30 September 2025, reporting a net asset value per share of 87.6p, a decline reflecting more conservative valuation assumptions amid heightened market volatility. The trust’s portfolio value rose to £1,172 million, and profit before tax reached £2 million. Despite the challenging environment, SEIT reaffirmed its dividend strategy, paying 3.18p per share during the period and maintaining its full-year target of 6.36p per share for the year ending March 2026. Management is actively pursuing selected asset disposals to reduce gearing — currently 71.9% of NAV — and is reviewing potential structural adjustments to enhance shareholder value.
The investment outlook for the trust remains mixed. While SEIT benefits from solid equity financing, stable operations, and strategic initiatives aimed at strengthening its financial position, concerns persist over income statement performance and overall valuation. Technical indicators show limited upward momentum, and the negative price-to-earnings ratio reflects current profitability pressures. Even so, the trust’s elevated dividend yield continues to offer appeal for income-focused investors.
More about SDCL Efficiency Income Trust plc
SDCL Efficiency Income Trust plc (SEIT) is a FTSE 250-listed investment company dedicated exclusively to the energy efficiency sector. Its portfolio spans North America, the UK, and Europe, and includes cogeneration assets, solar and battery storage projects, and energy recycling initiatives. The trust seeks to deliver long-term shareholder value by investing in lower-cost, cleaner, and more resilient energy solutions across a diversified set of efficiency-focused assets.
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