SoFi shares rise as record revenue, member growth drive strong Q3 results
Investing.com -- 3i Infrastructure PLC (LON:3IN) reported first-half returns above expectations, led by strong performance from its largest asset, TCR, sending shares higher on Tuesday.
The investment company said it is on track to surpass its target return for the period ending September 29, and to deliver its full-year dividend target of 13.45p, fully covered by net income.
In a pre-close update, management said the company maintains a disciplined approach to pricing despite an active asset pipeline.
Proceeds from the next asset realisation are intended to repay part of its £900 million revolving credit facility, which currently has £360 million drawn.
3i Infrastructure also reported a cash balance of £13 million and total income and non-income cash of £122 million, an increase of 18% compared with the same period last year.
TCR outperformed expectations set in March 2025, driven by higher rental margins and cost efficiencies. Infinis also delivered above projections, supported by progress in its development pipeline.
FLAG reported strong demand for subsea fibre connectivity, influenced by hyperscaler growth and AI workloads.
ESVAGT maintained a robust pipeline but experienced delays in vessel deliveries due to operational challenges at shipyards. Management noted that recovery for SRL remains slow.
“A strong headline from 3IN with the company ahead of guidance for H1, whilst also indicating a further realisation is expected. We continue to expect strong demand for 3IN assets and therefore expect a good premium on any realisation,“ said analysts at RBC Capital Markets in a note.