INPP H1 NAV Per Share Rises 1.3% to 153.4p

International Public Partnerships (LSE:INPP) reported a 1.3% increase in net asset value per share to 153.4p for the six months ended 30 June 2026.

The infrastructure investment company reported an annualised total NAV return of 8.2%, while portfolio cash flows covered dividends 1.3 times during the period.

INPP said 99% of portfolio revenues are supported by long-term contracted or regulated arrangements. The company also reported inflation linkage across its portfolio.

The board reaffirmed its progressive dividend targets for 2026 and 2027.

Capital Recycling Exceeds £440 Million Since Mid-2023

INPP has realised more than £440 million from asset disposals at or above their respective net asset values since mid-2023.

Over the same period, the company has invested or committed approximately £480 million to assets with expected returns above 11%.

Planned deployments include investments in Sizewell C, BeNEX and the Moray West offshore transmission owner project.

The company has also extended its share buyback programme to £225 million. INPP said shares repurchased under the programme have contributed to an increase in NAV per share.

Across the existing portfolio, the company reported asset availability above its targets. Its Tideway investment also reached project milestones during the period.

INPP decided not to provide further equity funding to fibre network operator toob, citing conditions in the UK digital infrastructure market.

More about International Public Partnerships

International Public Partnerships Limited is a FTSE 250-listed infrastructure investment company.

Its portfolio includes regulated utilities, public-private partnerships and operating infrastructure businesses across sectors including energy, transport, education and digital networks.

The company invests primarily in infrastructure assets with long operating lives and contracted or regulated revenue arrangements. Its investment approach also includes capital recycling through asset disposals and subsequent deployment into existing or new infrastructure investments.