VH Global Energy's Annual Results Reveal Dips, Highs, and Promising Developments

VH Global Energy Infrastructure PLC’s annual results indicate subtle dips and gradual ascents, painting a multifaceted panorama of the previous year’s operations. The Net Asset Value (NAV) saw a decline from £483.8m in 2023 to £408.5m by the end of 2024. However, the sliding financials were compensated with a generous increase in the dividend per share, spiking from 5.56p to 5.71p. The company aims to further enrich the dividend per share, targeting 5.80p for FY 2025.

Despite the financial downturn, VH Global accelerated strides in its green energy imperatives. The clean energy generated by the company and injected into the grid witnessed a substantial increase, escalating from 844,464MWh in 2023 to a staggering 856,666MWh by the end of 2024. This augmented production powered approximately 317,284 UK homes with renewable energy annually, marking a substantial rise from the 312,750 homes powered in the preceding year.

The portfolio highlights portray a bright and promising future for the energy firm. Key among these was the admirably successful synergization of the renewable energy program across Spain, Portugal, and Sweden. This initiative garnered a total equity commitment of EUR53m and materialized 9.7MW of functioning assets with an additional 30.3MW in the advanced stages of construction.

Looking forward, the company’s Chair, Bernard Bulkin, acknowledges the challenges faced by the renewable energy sector and remains committed to resolving the unjustified share price discount it had suffered. Bulkin assures stockholders that significant steps will be initiated in 2025 to compensate for the discount and reiterated the Board’s intensive examination of all options to maintain shareholders’ trust.