)
Visual
test
NextEnergy Solar Fund
NextEnergy Solar Fund (NESF) investor relations material
NextEnergy Solar Fund H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary3 Dec, 2025
Executive summary
Interim results for the six months ended 30 September 2025 showed strong operational outperformance, with additional revenue generated versus forecast.
The board is finalizing a strategic review to enhance shareholder value and address the share price discount, with findings to be released in the new year.
Appointment of Tony Quinlan as new Chair brings significant sector and governance experience.
Operational performance optimization, debt repayment, and reliable, well-covered dividends remain key priorities.
Delivered strong operational performance and focused capital allocation despite challenging market and regulatory conditions.
Financial highlights
NAV per ordinary share decreased to 88.8p (from 95.1p at 31 March 2025), mainly due to lower power price forecasts; Ordinary Shareholders' NAV at £510.9m (down from £547.4m); Gross Asset Value at £1,029m.
Cash income for the period was £48.3m, up from £45m year-over-year.
Dividend target for FY25/26 maintained at 8.43p per share, with forecast cover of 1.1x–1.3x and a yield of approximately 16%.
Operating portfolio generated £48.3m in cash, supporting a dividend cash cover of 1.7x for the period.
Total gearing, including preference shares, was 49.2%, with 69% of debt at fixed rates.
Outlook and guidance
Dividend target for FY25/26 reaffirmed at 8.43p per share, with full-year dividend cover expected between 1.1x and 1.3x.
The board and investment advisor remain optimistic about medium-term growth, focusing on strategic review, operational optimization, and capital unlocking.
The company is well-positioned to benefit from the UK’s Clean Power 2030 and Solar Roadmap, despite current capital constraints.
Strategic review to address NAV discount and explore capital recycling expansion.
Board confident in future opportunities and capitalizing on sector tailwinds.
How will strategic review address USS gearing?
Mitigation plan for ROC/FiT consultation impact?
Expand capital recycling program timeline?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- 6 FebHTOO
Resale registration for 71,429 shares via warrant, with proceeds only on exercise; financial risks persist. - 6 FebVSAT
Q3 revenue up 3% to $1.16B, net income $25M, strong cash flow, Ligado boost, satellite focus. - 6 FebWEC
Targets 7–8% EPS growth, $37.5B capex, and coal exit by 2032 amid surging data center demand. - 6 FebBR
Q2 FY26 recurring revenue grew 8% and adjusted EPS guidance was raised to 9-12%. - 6 FebFFWM
Merger vote includes new non-voting stock class with limited conversion and no voting rights. - 6 FebKKR
Charter amendments seek to modernize governance and establish one share, one vote by 2026. - 6 FebARI
Proposed $9B real estate loan portfolio acquisition highlights disciplined, long-term strategy. - 6 FebSMCI
Q2 revenue jumped 123% to $12.7B, with FY26 guidance raised to at least $40B. - 6 FebRJF
Record revenues and assets, higher dividend, and acquisitions despite lower net income. - 6 FebFFIE
Raising capital for global EV and AI expansion, with regulatory and dilution risks highlighted.
Next NextEnergy Solar Fund earnings date
H2 202615 Jun, 2026
NextEnergy Solar Fund
Next NextEnergy Solar Fund earnings date
H2 202615 Jun, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
NextEnergy Solar Fund (NESF) is a investment company focusing on solar photovoltaic assets primarily in the United Kingdom and Italy. NESF's investment strategy is geared towards utility-scale solar power plants, leveraging the expertise of its investment advisor, NextEnergy Capital Limited. The company has a significant portfolio, comprising numerous operating solar assets across its targeted regions. It aims to provide shareholders with a sustainable and attractive return through a combination of its diversified asset base and the operational expertise of its management team. In addition to its core investments in solar power, NESF is actively exploring expansion into international solar markets and energy storage to enhance its portfolio and strategic growth. The company is headquartered in Guernsey, and its shares are listed on the London Stock Exchange.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage