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3i Infrastructure Flags DNS:NET Write-Down as Core Portfolio Supports Dividend Growth

Story Highlights
  • 3i Infrastructure’s core portfolio continues to perform strongly, supporting a higher FY26 dividend.
  • Growth investments at ESVAGT, Joulz and TCR contrast with a likely full write-down of DNS:NET amid German fibre financing stress.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
3i Infrastructure Flags DNS:NET Write-Down as Core Portfolio Supports Dividend Growth

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An update from 3i Infrastructure ( (GB:3IN) ) is now available.

3i Infrastructure reported a largely robust third quarter performance, underpinned by strong trading at portfolio companies such as TCR, Joulz and ESVAGT, while confirming it remains on track to deliver its FY26 dividend target of 13.45 pence per share, a 6.3% increase year on year and expected to be covered by net income. The group highlighted growth initiatives including ESVAGT’s delivery of the world’s first dual-fuel e-methanol capable service operations vessel and its acquisition of two additional SOVs, Joulz’s two planned acquisitions that should lift EBITDA by about 70% and expand its geographic and product scope, and TCR’s new contract wins and enlarged credit facility, but also warned that its £212 million investment in German fibre operator DNS:NET is likely to be written down to zero amid a sharp deterioration in financing conditions for fibre roll-out in Germany. While most other holdings are trading in line with or ahead of expectations, management acknowledged ongoing challenges at traffic management firm SRL and a net debt position of £500 million after partially funding Joulz’s bolt-ons, with plans to repay the group’s revolving credit facility from proceeds of the next disposal.

The most recent analyst rating on (GB:3IN) stock is a Buy with a £4.40 price target. To see the full list of analyst forecasts on 3i Infrastructure stock, see the GB:3IN Stock Forecast page.

Spark’s Take on GB:3IN Stock

According to Spark, TipRanks’ AI Analyst, GB:3IN is a Outperform.

The score is driven primarily by strong financial quality (high profitability and low leverage) tempered by material cash flow/earnings volatility. Valuation is supportive with a low P/E and solid dividend yield, while technicals and recent company updates are generally positive.

To see Spark’s full report on GB:3IN stock, click here.

More about 3i Infrastructure

3i Infrastructure plc is a Jersey-incorporated, closed-ended investment company and approved UK investment trust listed on the London Stock Exchange. It focuses on responsible investment in infrastructure assets with the aim of delivering long-term sustainable returns to shareholders while positively influencing its portfolio companies and their stakeholders. The company is managed by 3i Investments plc, a subsidiary of 3i Group plc.

Average Trading Volume: 1,136,877

Technical Sentiment Signal: Buy

For detailed information about 3IN stock, go to TipRanks’ Stock Analysis page.

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