Performance highlights for the year ended 31 March 2023:
· NAV increased 47.8% to £556.3m (FY 2022: £376.5m).
· NAV per share increased 5.9% to 115.6 pence (FY 2022: 109.1 pence).
· Total NAV return of 12.3% and 48% since 31 March 2022 and IPO, respectively (FY22: 13.1% and 34.2%).
· £39.3m in revenue was generated during the reporting period (FY 2022 £29.3m), averaging £135,000 per MW/yr. Over the 2022 calendar year, the Company achieved a consistently high average revenue of £157,000 per MW/yr.
· EBITDA of the operational portfolio increased 19% to £27.8 million (FY 2022: £23.3 million), with 63.5% secured outside Great Britain.
· Dividends paid during the 12-month period of 7 pence per share, with an operational dividend cover of 0.90x. This was achieved with c.25% of the Company's portfolio operational at the period end.
· Dividends declared for the period of 7.5 pence per share.
· Weighted average discount rate increased to 10.1% (FY 2022: 8.3%).
· Portfolio revenue curves increased during the period, largely driven by the Company's geographically diverse portfolio.
https://www.investegate.co.uk/announcem ... ts/7635539
Ian (No holding).