Octopus Renewables Infrastructure Trust PLC Fund Data

A positive NAV total return of 1% was delivered over the quarter, with dividends offsetting a modest NAV decrease from 93.8p per share (£495m) as at 31 December 2025 to 93.2p per share (£491m) as at 31 March 2026. Positive impacts were driven by short-term power price increases, reflecting heightened market volatility, and the expected return on assets, partially offset by reductions in medium to long-term power price forecasts alongside changes to other macroeconomic assumptions - predominantly an increase in French tax applicable to the solar portfolio. The portfolio’s high level of contracted revenues continued to limit the impact of short-term market movements.

A positive NAV total return of 1% was delivered over the quarter, with dividends offsetting a modest NAV decrease from 93.8p per share (£495m) as at 31 December 2025 to 93.2p per share (£491m) as at 31 March 2026. Positive impacts were driven by short-term power price increases, reflecting heightened market volatility, and the expected return on assets, partially offset by reductions in medium to long-term power price forecasts alongside changes to other macroeconomic assumptions - predominantly an increase in French tax applicable to the solar portfolio. The portfolio’s high level of contracted revenues continued to limit the impact of short-term market movements.