In August FGEN announced that it exchanged contracts for the sale of its 50% stake in the 50MW Lunanhead battery energy storage project in Perthshire, Scotland. The sale aligns with the Company’s capital allocation strategy and is expected to complete later this quarter. Additionally, the Sandridge BESS project in Wiltshire has now been energised and is entering final commissioning, marking FGEN’s second operational battery storage asset alongside West Gourdie. The Investment Manager continues to explore options for the Clayfords BESS project.

During our NAV and Dividend update, we reported a NAV of £659.1 million (104.6p per share) as at 30 June 2025, reflecting a NAV total return of 0.05% for the quarter. A quarterly dividend of 1.99p per share was declared, in line with the annual target of 7.96p. We are proud to have achieved 11 years of uninterrupted dividend growth since IPO, returning over £365 million to shareholders through dividends. Providing long term value through a diverse and environmentally sustainable portfolio.