Foresight Solar Fund

At the general meeting, 88.46% of valid votes were against the proposal to wind up Foresight Solar Fund Limited, while 11.54% voted in favour. All other resolutions, including the re-election of directors and approval of the dividend policy, were passed. The board announced it will continue the phased divestment programme and the share buyback programme and shift the portfolio more towards the UK market to reduce the discount to net asset value. Foresight Solar manages around 1 gigawatt of capacity and has invested about £1 billion in solar and battery storage assets. » Plus sur de.investing.com

Foresight Solar reported a 2025 NAV decline of 11% to £545.9m (NAV per share from 115.2 to 99.2 pence), driven mainly by a tax audit (−£50.3m), write‑downs in Australia and lower power price forecasts. Operationally EBITDA grew to £112.2m and the UK 773‑MW portfolio outperformed production expectations, supporting the dividend; the dividend target for 2026 remains 8.10 pence. Management emphasizes high revenue visibility from hedges (87% for 2026) and actions such as share buybacks (up to £60m) and strengthening personnel to address the valuation discount. » Plus sur de.investing.com

Foresight Solar Fund reports operating EBITDA of £66.5m for H1 2025, up 9.7% year on year, and revenue of £80.4m (+7.9%). The company reaffirms its 2025 dividend guidance with an expected cover of 1.3× but anticipates a seasonally stronger second half. Net asset value fell 3.4% over the half, driven mainly by lower power price forecasts and dividend payments. The strategic review is ongoing, including a disposal process for Australian assets and a further 75 MW, with sales expected later than originally planned; net debt stands at £401.8m with a gearing ratio of 40%. » Plus sur de.investing.com