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Bluefield Solar Income Fund (BSIF) investor relations material
Bluefield Solar Income Fund H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Focused on strategic partnerships, notably the GLIL joint venture, advancing a proprietary pipeline with over 400MW of CFD approvals, and supporting capital recycling and growth.
Achieved over a decade of sustainable returns, with a focus on UK solar and complementary renewables.
Board transition with Michael Gibbons becoming Chair and John Scott stepping down.
Continued disciplined capital allocation, deploying over £1bn since IPO.
Strong ESG performance, including avoided CO₂ emissions and community engagement.
Financial highlights
Gross asset value declined to £1,271m (from £1,389m), mainly due to lower power prices and dividend payouts.
NAV per share dropped from 129.8p to 116.6p, reflecting dividends and market conditions.
Operational cash flow remained robust at £95.3m, with dividend cover at 1.2x (1.7x including carry forward).
Dividend yield stands at 10.8% due to share price movements.
Leverage increased to 46%, influenced by buybacks and Lyceum gearing.
Outlook and guidance
Dividend target for the period ending June 2026 increased to 9p per share, among the highest in the infrastructure sector.
High visibility of future cash flows, with 68% of revenue fixed and inflation-linked out to 2035.
Emphasis on transitioning to a self-funded growth model with lower payout and higher reinvestment.
Expectation of low double-digit total returns with the new strategy, leveraging the proprietary pipeline.
Strategic initiatives under review, including potential internalisation to enhance long-term value.
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- DYVOX
Record revenue and margin expansion achieved despite non-recurring costs and FX headwinds. - NCC
Record profits in core segments, robust cash flow, and positive outlook despite major impairment. - WALL
Profit after tax surged to SEK 2,564 million, with net asset value per share up 8%. - BETS
Q4 2025 revenue dipped 1% and EBIT fell 24%, but full-year revenue rose 8%. - ALMA
Revenue up 4.6% to €327.1M, digital share 85.9%, profit and cash flow improved. - TMCV
Q2 FY26 delivered double-digit margin growth, record cash flow, and strong market momentum. - DANSKE
Record profit, strong credit quality, and 100% payout; 2026 outlook remains positive. - GREENPLY
Q3 FY26 delivered strong revenue growth but lower profit, with major MDF expansion announced. - KRO
Q1 2025 net income surged to $18.1M on higher TiO2 sales, improved margins, and LPC integration. - TMCV
Q3 FY26 delivered 17% revenue growth, 12.7% EBITDA margin, and strong cash flow.
Next Bluefield Solar Income Fund earnings date
Next Bluefield Solar Income Fund earnings date
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