Pantheon Infrastructure PLC on Wednesday said it continued to deliver returns to investors as it released its results for last year.
The London-based infrastructure investment trust said its net asset value increased by 6.1% to £504.0 million in 2023 from £474.8 the year before.
NAV per share grew by 7.8% to 106.6 pence from 98.9p.
Pantheon Infrastructure shares were 3.1% higher at 75.88p each on Wednesday morning in London.
The company announced a second interim dividend of 2p per share, taking the full year dividend in 2023 to 4p per share, doubled from 2p in 2022.
Pantheon Infrastructures Chair Vagn Sorensen said: ‘PINT’s impressive performance, despite the economic challenges of the last year, such as fluctuations in inflation, interest rates, and valuation discount rates, speaks volumes. The resilience of PINT’s portfolio is further enhanced by its geographical and sector split, ensuring increased diversification and mitigating ongoing risks and uncertainty effectively.’
Looking ahead, the company remains confident about the prospects of its portfolio believing there are continued growth opportunities as demand for new infrastructure remains strong across all the sectors the company is exposed to.
However, the portfolio manager continues to monitor ongoing geopolitical uncertainties including disruption to global supply chains, increases in the cost of living, inflation, interest rate rises and the impact of climate change.
The company believes it has sufficient financial resources and liquidity to manage business risks in the current economic climate.
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