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22 September 2026 • • • • • Foresight Solar Fund Limited ( " Foresight Solar ” , “ FSFL " or the " Company " ) Interim results to 30 June 2026 Foresight Solar , the fund investing in solar and battery storage assets to generate income and deliver long - term growth , announces its results for the six months ended 30 June 2026 . Highlights Net asset value ( NAV ) of £ 517.9 million and NAV per share of 94.9 pence ( 31 December 2025 : £ 545.9 million and 99.2 pence ) , primarily reflecting higher discount rates , regulatory changes and revised forecasts for UK electricity prices . The share price rose 10 % to 70.8 pence on 30 June 2026 , contributing to total shareholder returns of 17.1 % in the period . With mixed operating conditions across the global portfolio , production was 5.6 % below forecast . Irradiation was marginally above budget as strong solar resource in the UK helped offset weaker performance in other markets . EBITDA for the period was on budget at £ 57.7 million , demonstrating the importance of reasonable financial planning and active asset management . The core UK portfolio played a major role , contributing 95 % of EBITDA despite representing 68 % of generation . Cash generation during the period was negatively impacted by the payment of certain historical tax liabilities noted in the previously announced tax review . The remaining outstanding historical and current year tax liabilities are forecast to be paid later this year and in 2027 which will be funded through a combination of working capital and other sources of capital . An independent third party reviewed the methodology and assumptions supporting Foresight Solar's UK solar portfolio valuation . The findings provided additional comfort to the Board that the valuation methodology remains robust and that the that the underlying portfolio's valuation is within a reasonable range of fair values . Operational capacity increased to 994 MW from 969 MW , reflecting the successful start of operations at Sandridge BESS . An enhancement programme across nine sites , representing 150 MW of capacity , is underway . Works are scheduled to conclude in summer 2027 and , once fully implemented , are expected to deliver up to £ 2.5 million of annual revenue improvement , contributing to dividend cover . The targeted divestment of select operational solar assets is progressing with the sale of one site reaching preferred bidder stage . Since the end of the period , strong solar resource in the core UK market , effective power price hedging and the developing enhancement programme support a favourable outlook for net operating cash flow . Key performance metrics Six months to 30 June 2026 Net Asset Value ( NAV ) ¹ £ 517.9m Six months to 30 June 2025 £ 603.8m NAV per share 94.9p 108.5p Dividend declared per share for year 8.10p 8.10p Gross Asset Value ( GAV ) £ 908.0m £ 1,005.6m UK portfolio valuation £ 0.97m / MW £ 1.09m / MW Cash flow from operations £ 0.6m £ 14.8m Earnings before interest , taxes , depreciation and amortisation ( EBITDA ) £ 57.7m £ 66.5m Net debt / EBITDA 2.9x 3.1x Enterprise value ( EV ) / EBITDA 6.0x 7.5x