“TRIG” or “the Company”, a London-listed renewables investment company advised by InfraRed Capital Partners (“InfraRed”) as Investment Manager and Renewable Energy Systems (“RES”) as Operations Manager.
Announcement of Interim Results for the six months to 30 June 2025
£199m of operational cash generated despite low wind resource in the UK, France and Germany:
· In line with the expectation set out in the Q1 2025 Net Asset Value (“NAV”) update, dividend cover was 1.0x in the period (30 June 2024: 1.1x), or 2.2x before the repayment of £105m of project level debt. TRIG’s dividend guidance of 7.55p/share for FY 2025 is reaffirmed by the Board.
· Generation in the period was 10% below budget driven by poor wind resource.
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