Highlights

·    Net Asset Value (NAV) of £603.8 million and NAV per Ordinary Share of 108.5 pence (31 December 2024: £634.4 million and 112.3 pence), principally driven by lower power price forecasts.

·    Plentiful solar resource contributed to better-than-expected production in the UK, Foresight Solar’s core market. Global generation was 4.0% above budget in the six months to June.

·    Combined with an active power price hedging strategy, strong operational performance gives the board confidence in the 1.3x dividend cover target for the year.

·    The buyback programme was increased to a total of up to £60 million. In the first half of 2025, Foresight Solar distributed £29 million to Shareholders between dividends and buybacks.

18 September 2025