Bluefield Solar Income Fund Limited

Unaudited NAV, Third Interim Dividend and Changes to Director Roles and Responsibilities

Bluefield Solar (LON: BSIF), the London listed UK income fund focused primarily on acquiring and managing solar energy assets, announces its net asset value (“NAV“) as at 30 June 2025, the Company’s third interim dividend for the financial year which ended on 30 June 2025 and changes to its Board and Committee composition, which will take effect following the approval and signing of the Company’s Annual Report and Financial Statements (the “Annual Report“). Unless otherwise noted herein, the information provided in this announcement is unaudited.

Unaudited Net Asset Value as of 30 June 2025

The NAV as at 30 June 2025 was £697.3 million, or 117.77 pence per Ordinary Share (‘pps’), compared to the unaudited NAV of 123.01 pps as at 31 March 2025. This equates to a movement in the quarter of -4.26% and a NAV total return for the quarter of -2.47%.

Actual Generation vs Forecast

Combined generation for the period was 4.4% above forecast. Whilst solar generation had a very strong quarter (+8.4%), poor generation across the wind assets (-23.8%) led to combined generation being lower than expected. Although irradiation was above forecast (+18.3%), solar generation was dampened during the period by DNO outages, with the most material being a 2 month outage at West Raynham (50MW). Whilst wind speeds improved during the quarter (+2.2%), availability was negatively impacted by several turbine outages.

Third Interim Dividend

The Third Interim Dividend of 2.20 pence per Ordinary Share (August 2024: 2.20 pence per Ordinary Share) will be payable to Shareholders on the register as at 29 August 2025, with an associated ex-dividend date of 28 August 2025 and a payment date on or around 19 September 2025.

Dividend Guidance Reaffirmed

The Board is pleased to reaffirm its guidance of a full year dividend of not less than 8.90 pence per Ordinary Share for the financial year ended 30 June 2025 (30 June 2024: 8.80 pence). This is expected to be covered by earnings and to be post debt amortisation.

Post-Period end, the Company has also continued to recycle capital and realise value from its project development activities by disposing of one co-located solar and battery storage project. The Fund received net proceeds above holding value and details will be included in the Annual Report.