International Public Partnerships — Increased NAV and enhanced growth potential
18/09/2026
International Public Partnerships’ (INPP’s) interim results (H126) show another period of strong operational and financial performance. The company’s diversified portfolio of lower-risk essential infrastructure assets, with government-backed, availability-based or regulated revenues, underpins highly predictable cash flows with strong inflation linkage. As a result, DPS has increased every year since listing in 2006, at a rate of at least 2.5% per year. Projected portfolio cash flow is sufficient to cover future growth, at the same rate for at least the next 25 years, without any need for further investment. However, the opportunities for attractive investment are strong, and the capital recycling programme continues to enhance both the duration and the level of expected future cash returns.
International Public Partnerships — Disciplined capital allocation
26/08/2026
International Public Partnerships (INPP) has announced the agreed sale of its stakes in nine UK private-public partnership (PPP) projects for £58m, implying a premium to the last published valuation. The transaction provides a further example of the company’s disciplined capital recycling programme, with realisations from mature assets funding investment in higher returning investment opportunities and share buybacks. This same capital discipline is evident in INPP’s earlier decision not to invest further in toob and to transfer its equity interest to the debt holders for a de minimis amount. Despite the transfer, the company’s guidance that it expects the June NAV per share to be broadly in line or marginally higher than at 31 December (151.5p) remains unchanged.
Bull, Bear & Beyond – International Public Partnerships: executive interview
17/08/2026
In this interview, Jamie Hossain, managing director from Amber Infrastructure, investment adviser to International Public Partnerships (INPP), talks about the company’s strategy, performance and outlook. He describes INPP’s consistent lower-risk investment approach that aims to deliver resilient and predictable income, with a high level of inflation linkage, alongside capital growth. The company has a strong record of delivering on this, and, for 20 years, has grown dividends per share by at least 2.5% per year, and sometimes more, and targets similar increases over the next two years. Jamie also emphasises the key role of Amber in delivering this success, including its active management of the existing portfolio and ability to source and originate attractive new investment opportunities. He gives the example of INPP’s investment in the new Sizewell C nuclear power plant, which has been structured to deliver attractive projected returns, above the portfolio average, while sticking to INPP’s lower risk investment profile. Finally, Jamie talks about the significant further market opportunities that Amber identifies across the breadth of developed global infrastructure markets in which it operates, driven by government need for private capital and key megatrends such as decarbonisation and digitalisation.
Listen on your preferred podcast player below:
About Bull, Bear & Beyond: Each episode features candid conversations with senior executives and from our own team of experts from across industries, exploring strategy, innovation, and the opportunities shaping their markets and 60-second pieces are a compressed summary of content designed to convey our message in a single, easily shareable hit.