Proactive - Interviews for investors

Foresight Solar Fund manager on FY25 performance, strategy, dividends & pipeline growth

Episode Summary

Foresight Solar Fund Ltd's (LSE:FSFL) fund manager, Toby Virno, talked with Proactive's Stephen Gunnion about the company’s 2025 full-year results, highlighting strong operational performance and a continued focus on dividend sustainability and growth strategy. Virno explained that higher-than-expected electricity production in the UK helped offset weaker output in Spain and Australia, supporting the fund’s financial performance. He noted that the company successfully achieved its dividend cover target of 1.3 times for the year, reinforcing confidence in its income strategy. “We set ourselves a dividend cover target of 1.3 times, and we have hit that target as of the year-end, which we're very pleased about,” he said. The discussion also addressed a previously disclosed tax impact, which Virno confirmed has now been resolved and will not affect future dividend cover. He emphasised that the balance sheet remains robust, with gearing at 41.2%, and highlighted the company’s proactive approach to managing power price volatility by locking in favourable rates. Looking ahead, Foresight Solar is targeting a 1.1 times dividend cover for 2026 while maintaining its dividend policy. Virno also pointed to a strong development and construction pipeline, alongside supportive regulatory developments in the UK, as key drivers for future growth. He added that “the portfolio continues to operate to a really high standard, and that steadily generates cash to pay our dividend,” underlining the stability of the fund’s core assets. For more insights and interviews like this, visit Proactive's YouTube channel, give this video a like, subscribe to the channel, and enable notifications so you never miss future content. #ForesightSolar #RenewableEnergy #SolarEnergy #DividendInvesting #CleanEnergy #EnergyTransition #InfrastructureInvesting #UKInvesting #IncomeInvesting #SolarFunds #EnergyMarkets #InvestorUpdate #FinancialResults #NetZero #PowerPrices