Ed Warner, Chair of FGEN, said:

“FGEN’s half-year results reflect both progress and challenges. While the full write-down of our investment in HH2E impacted overall performance, outside of this our diversified portfolio of sustainable infrastructure assets performed well, delivering record cash distributions and solid dividend cover. During the period, we were pleased to achieve the sale of a majority stake in six anaerobic digestion facilities, to launch our first share buyback programme, and to receive shareholder endorsement of a name change to Foresight Environmental Infrastructure Limited. Additionally, early reductions in UK interest rates provide cautious optimism for a more favourable macroeconomic outlook.

“We remain committed to disciplined capital allocation in the near term, progressing our construction stage assets and delivering other value enhancements across the portfolio. Longer term we are well positioned to take advantage of the significant investment opportunity presented by the commitment to decarbonisation and sustainable development when the wider environment supports it.”

FGEN has announced an interim dividend of 1.95 pence
 per share for the quarter ended 30 September 2024, payable on 27 December 2024.

Dividend timetable

Ex-dividend date:  5 December 2024

Record date:          6 December 2024

Payment date:        27 December 2024

Our track record

Dividend progression

2015        6.00p

2016        6.05p

2017        6.14p

2018        6.31p

2019        6.51p

2020        6.66p

2021        6.76p

2022        6.80p

2023        7.14p

2024        7.57p

2025        7.80p1

1.    This is a target only, there can be no guarantee this target will be met.