3i Infrastructure PLC (LSE:3IN) published a performance update on Tuesday covering the period from October 1, 2025, to March 30, 2026, stating that the company remains on track to achieve its full-year return objective.
The portfolio is expected to generate returns of between 8% and 10%. FLAG delivered a strong performance during the period, supported by sustained demand for subsea connectivity driven by expanding AI-related data traffic. Infinis also exceeded EBITDA expectations set in September 2025, while Future Biogas performed solidly and could benefit further if gas prices continue to rise.
Joulz completed two bolt-on acquisitions that increased EBITDA by roughly 70%, marking an important milestone in the company’s strategy to expand into additional EU markets. Tampnet traded in line with expectations and continues to secure new fibre connectivity contracts across new geographic regions.
Not all assets performed as strongly. SRL delivered results below expectations and is currently undergoing a management transition following the appointment of a new CEO and CFO, alongside a review of the cost structure. Ionisos also came in slightly below forecast due to delays affecting two growth projects, while ESVAGT’s performance was impacted by a postponed delivery of a new service operation vessel (SOV).
On the financing side, 3i Infrastructure expanded its revolving credit facility by activating a £300 million accordion option to bridge proceeds from the sale of TCR. At the same time, the base £900 million facility has been extended by one year to June 2029. Total drawings under the £1.2 billion facility currently amount to £544 million.
After receiving proceeds from the TCR disposal and completing its investment in the Lefdal Mine Datacenter, the company’s pro-forma net cash position stands at approximately £201 million.
The company also confirmed its dividend target for FY26 at 13.45 pence per share, stating that the payout is expected to be fully covered despite the write-down related to DNS:NET.
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