International Public Partnerships Reports H1 Results: Strong NAV Growth and Capital Recycling Progress
International Public Partnerships (INPP.L) reported strong performance for the first half of 2026, with net asset value per share rising to 153.4 pence—an increase of 1.9 pence—and delivering an annualized total NAV return of 8.2%. The company reaffirmed its dividend target for 2026 at 8.79 pence per share and extended a £225 million share-buyback program through September 2027. INPP is actively pursuing capital recycling, having realized or committed to realize over £440 million in assets while reinvesting more than £480 million into higher-return opportunities. New investments are targeting average returns above 11%, significantly exceeding the portfolio's current weighted average discount rate of 9.1%. The infrastructure portfolio remains resilient with strong availability and regulated revenue streams. Despite this, INPP reduced its equity stake in digital-infrastructure company toob due to challenges in the U.K.'s alternative network sector.
Topics: capital recycling dividends infrastructure NAV growth