3i Infrastructure Warns of DNS:NET Write-Down but Sticks to Higher Dividend Target

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

3i Infrastructure reported a broadly robust third quarter, highlighting strong performance across most of its diversified portfolio alongside continued progress on strategic initiatives. ESVAGT expanded and modernised its fleet with the delivery of the world’s first dual-fuel e-methanol-capable service operations vessel and the acquisition of two additional SOVs, while Joulz signed two acquisitions expected to boost its EBITDA by about 70% and extend its presence into two new European markets, backed by up to €107 million of new equity from 3iN. Ground-handling equipment specialist TCR continued to win new contracts and secured a €100 million increase in its revolving credit facility, and most other portfolio companies are trading at or above expectations. However, the company flagged a sharp deterioration in financing conditions for German fibre roll-out businesses, prompting a reassessment of its early-stage DNS:NET investment, which it now expects to write down to zero by the March 2026 year-end, removing an asset that previously represented 5.6% of net asset value. Despite this setback and ongoing challenges at SRL, 3i Infrastructure generated £53 million of income and non-income cash in the three months to 31 December 2025, remains on track to deliver a 6.3% higher FY26 dividend of 13.45 pence per share covered by net income, and continues to manage its £500 million net debt position with a view to repaying its revolving credit facility from future realisations.

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 invests responsibly 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, which is authorised and regulated by the UK Financial Conduct Authority.

Average Trading Volume: 1,136,877

Technical Sentiment Signal: Buy

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