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3i Infrastructure Warns of DNS:NET Write-Down Amid Otherwise Solid Q3 Portfolio Performance

Story Highlights
  • 3i Infrastructure’s Q3 was broadly strong, with growth at TCR and value-enhancing acquisitions at ESVAGT and Joulz supporting its target of higher, fully covered FY26 dividends.
  • The group expects to write down its £212 million DNS:NET stake to zero due to a deteriorating German fibre financing market, highlighting risk in that asset but limited impact on the wider portfolio.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
3i Infrastructure Warns of DNS:NET Write-Down Amid Otherwise Solid Q3 Portfolio Performance

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3i Infrastructure ( (GB:3IN) ) has issued an announcement.

3i Infrastructure reported a strong third-quarter performance across most of its diversified infrastructure portfolio, driven by continued growth at TCR, strategic bolt-on acquisitions at ESVAGT and Joulz, and generally solid trading at its other holdings, while confirming it remains on track to meet its increased FY26 dividend target of 13.45 pence per share. However, the company flagged a significant setback at German fibre operator DNS:NET, where a sharply deteriorating financing environment for fibre roll-out in Germany has led 3i Infrastructure to reassess the investment and anticipate writing down the £212 million equity value of DNS:NET to zero at the March 2026 year-end valuation, underscoring both the risks embedded in early-stage, debt-dependent roll-out assets and the resilience of the wider portfolio and balance sheet, which includes a £500 million net debt position after funding part of Joulz’s expansion.

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 investing responsibly in infrastructure assets with the aim of delivering long-term sustainable returns to shareholders while exerting a positive influence on its portfolio companies and their stakeholders. The company’s investments are managed by 3i Investments plc, a wholly owned subsidiary of 3i Group plc, which is authorised and regulated by the UK Financial Conduct Authority.

Average Trading Volume: 1,136,877

Technical Sentiment Signal: Buy

For a thorough assessment of 3IN stock, go to TipRanks’ Stock Analysis page.

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