GCP Infrastructure Investments
Annual Results 2025
Andrew Didham, Chairman of GCP Infra, commented: “The objectives of the capital allocation policy have progressed: leverage has been reduced from £104 million at the time of the announcement of the policy to £20 million at 30 September 2025. Realisations have been made in sectors the Company has identified as necessary to drive a positive reset in portfolio allocations: equity exposure has been materially reduced. Furthermore, a total of £35.6 million has been returned to shareholders through buybacks since the inception of the buyback programme in March 2023."
"The question now turns to what comes next. The Board firmly believes the Company has a unique and attractive offering for shareholders. The Company’s objectives remain as at IPO and continue to remain relevant in today’s market. As an income vehicle, the Company benefits from long-dated revenues underpinned by real assets providing critical services. This income is defensive and non-correlated with the wider macro environment.Capital preservation is supported by the defensive nature of infrastructure as an asset class, demonstrated by the Company’s focus on debt and its 15 year track record. The portfolio remains well-diversified across a range of asset classes, and there is the opportunity to further diversify into sectors that offer the most attractive risk-adjusted returns for shareholders."
"Following publication of this report, and completion of the capital allocation policy, the Company intends to engage with shareholders early in 2026 to propose a future strategy for the recycling and use of capital, which will ultimately be linked to the evolution of the Company’s share price discount to net asset value per share and the broader market opportunities for investment activity.”
The full annual report and financial statements of GCP Infrastructure Investments Limited for the year ended 30 September 2025 can be viewed below.
Outlook for infrastructure
In this video, Phil Kent, lead adviser to GCP Infrastructure Investments Limited, and Shayan Ratnasingam, Senior Research Analyst, give their outlook for infrastructure in 2026.
Following a phase where policymakers articulated critical needs, they believe the coming year should see the delivery of key legislation which should bring forward capital expenditure programmes and evolving procurement models. For investors seeking defensive, long-term returns and attractive income, infrastructure maintains its core and vital role in asset allocation.
GCP launches investor portal
GCP launched a new online portal designed to give shareholders a clearer view of its underlying assets.
Investors can look at the underlying projects and better understand what supports the Company's returns, how individual assets contribute to income, the assumptions behind valuation movements and the spread of risk across the portfolio.
Shareholders who would like access should email: carapace@graviscapital.com
Meet the GCP Board
GCP Infrastructure Investments Limited has six board members:
Andrew Didham (Chairman)
Alex Yew
Dawn Crichard
Ian Brown
Heather Bestwick
Steven Wilderspin
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