(“Foresight Solar”, “FSFL” or “the Company”)

Annual Results to 31 December 2025

Foresight Solar, the fund investing in solar and battery storage assets to build income and growth, announces its results for the year ended 31 December 2025. 

Financial highlights

·     Delivered a dividend of 8.10 pence per share (pps) for the year, supported by robust operational performance and active power price hedging, with 1.3x cover in line with the Company’s target.

·     Announced a target dividend of 8.10pps for 2026, providing flexibility to allocate surplus cash, including to build future dividend cover. At the 23 March 2026 share price, this represents a 13.4% dividend yield.

·     Expected 1.1x dividend cover for 2026. Production year-to-date and current contracted revenue hedges are expected to provide 1.0x cover. Uncontracted revenues offer additional upside as energy prices remain elevated.

·     Maintained total gearing comfortably within investment policy limits at 41.2%.

·     Returned £56.1 million to shareholders through a combination of dividends and share buybacks.

“Based on our track record, I am pleased to announce a target dividend of 8.10pps for 2026. After careful consideration, the Board concluded that it is in the best interest of shareholders to maintain the dividend target. We recognise the importance of cash yield to our investors and remain committed to a progressive dividend strategy. However, holding the target gives us more flexibility to allocate surplus cash, including to build dividend cover for future periods.