Gresham House Energy Storage Fund reports 33% EBITDA growth

2026-03-04 10:51:20

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Investing.com – Gresham House Energy Storage Fund PLC (LSE:GRID) reports that as of December 31, its net asset value per share is 113.34 pence, down 2.36 pence from the previous quarter but up 3.99 pence from the same period last year.

The company’s investment portfolio EBITDA for fiscal year 2025 reached £38.8 million, a 33.4% increase from the previous year.

Q4 EBITDA was approximately £9.5 million, an 11% increase from Q3. The portfolio profit margin increased from 62.5% in FY2024 to 64.2% in FY2025.

Although asset income in the UK Battery Energy Storage System (BESS) market was weak this quarter, falling to about £60,000 per MW per year, below the annual level of approximately £70,000 per MW, the company still achieved the above results in Q4.

Despite winter typically being a seasonal period, December’s performance was particularly weak.

The company’s current trading price is approximately 36% below its reported net asset value.

Major changes in net asset value include: revaluation of construction and expansion projects adding 13.63 pence per share, and cash contributions from the portfolio adding 5.35 pence per share.

These gains were partially offset by lower income assumptions, which reduced NAV by 15.61 pence per share.

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