Edison Issues Report On Gresham House Energy Storage Fund (GRID)

Edison Investment Research Limited
Edison issues report on Gresham House Energy Storage Fund (GRID)
29-Sep-2025 / 12:54 GMT/BST
The issuer is solely responsible for the content of this announcement.

London, UK, 29 September 2025

Edison issues report on Gresham House Energy Storage Fund (GRID)

Edison issues report on Gresham House Energy Storage Fund (LSE: GRID)

Gresham House Energy Storage Fund (GRID) delivered strong H125 operational performance, with underlying portfolio revenues up 76.9% y-o-y to £31.7m and EBITDA rising 97.6% to £20.5m, driven by improving revenue rates and increased operational capacity, which has now reached 1,072MW. Despite this, NAV per share declined 1.5% to 107.71p, primarily due to further reductions in third-party revenue forecasts (negative 11.54p impact), which was largely offset by operational improvements and cash generation. The board has prioritised reinvestment over near-term cash distributions to shareholders, announcing minimal dividends through 2026. The focus is on funding the three-year plan, which aims to double capacity to 3.5GWh by 2027–28. This strategy reflects management's confidence in the substantial value-creation potential during the company's current growth phase. At 30 June 2025, GRID's net debt stood at £111.8m. Management further highlighted its confidence in the industry outlook, including the National Energy System Operator's commitment to use more batteries in its system.

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The issuer is solely responsible for the content of this announcement.