Debt-free Balance SheetZero reported debt and a large equity base materially reduce refinancing and leverage risk, giving the trust flexibility to fund projects, withstand revenue shocks and support distributions without relying on external borrowing. This structural capitalization underpins long-term financial resilience and optionality.
Rising Operating & Free Cash FlowImproving operating and free cash flow, with positive FCF since 2021, strengthens the trust's ability to fund dividends, service assets and reinvest in projects from internal resources. Durable cash generation reduces dependence on capital markets and supports long-run payout sustainability and growth optionality.
Contracted, Recurring Revenue ModelThe core business earns long-term contracted payments from energy-as-a-service, on-site generation and flexibility services across diversified assets. Contracted, inflation-linked structures and diverse counterparty types provide structural revenue visibility and aligned incentives for durable cash returns.