JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
LONDON - GCP Infrastructure Investments Limited (GCP Infra) announced its quarterly investor update on Wednesday, revealing a portfolio valuation of £902.6 million as of June 30, 2025.
The infrastructure investment company reported a net asset value of 102.14 pence per ordinary share, maintaining a diversified portfolio of 48 investments. According to the company statement, the portfolio has a weight-adjusted average annualised yield of 7.9%, with principal outstanding of £928.5 million and an average life of 11 years.
GCP Infra’s Board of Directors reaffirmed their commitment to the capital allocation policy outlined in the 2024 Annual Report, which prioritizes debt reduction and the return of £50 million to shareholders. As of June 30, the company had £43 million outstanding under its revolving credit arrangements, representing a net debt position of £36.2 million compared to an unaudited NAV of £864.1 million.
The company disclosed that it had reached a settlement related to a contractual claim concerning the accreditation of a solar project portfolio under the Renewables Obligation. While specific terms remain confidential, GCP Infra stated the settlement impact aligned with its valuation assumptions. Settlement proceeds received after the reporting period were used to prepay outstanding revolving credit arrangements, reducing the net debt position to £10 million.
During the quarter, GCP Infra repurchased 6,321,854 ordinary shares, which contributed a 0.22 pence per ordinary share increase to NAV.
The company also noted that its half-yearly results for the period ended March 31, 2025, were published on June 12, with the report available on the company’s website.
This information is based on a press release statement from GCP Infra.
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