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LONDON - GCP Infrastructure Investments Limited (LSE:GCP) reported a portfolio valuation of £858.9 million as of September 30, according to a quarterly investor update released Wednesday.
The company’s net asset value stood at 101.40 pence per ordinary share at quarter-end. GCP Infra’s portfolio consisted of 47 investments with a weight-adjusted average annualised yield of 8.0%, principal outstanding of £912.2 million, and an average life of 11 years.
The infrastructure investment company reduced its debt position during the quarter, with £20.0 million outstanding under its revolving credit arrangements as of September 30, down from £43.0 million at the end of June. This represents a net debt position of £8.0 million compared to the company’s unaudited NAV of £848.7 million.
In line with its capital allocation policy, GCP Infra repurchased 8,937,270 ordinary shares during the quarter. Since announcing the policy, the company has bought back approximately £23 million worth of shares.
The board reaffirmed its commitment to the capital allocation policy outlined in its 2024 Annual Report, which prioritizes debt repayment, reduction of equity-like exposures and certain sector exposures, while facilitating a £50.0 million return of capital to shareholders.
The company stated it is progressing with asset disposal transactions in targeted sectors. If completed, these transactions would enable GCP Infra to fulfill its capital allocation objectives of returning at least £50 million to shareholders and eliminating outstanding debt.
GCP Infra expects to provide further updates in its annual report and financial statements, scheduled for publication in December 2025, according to the press release statement.
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