Mohammed Zaheer
Good morning, everyone, and thank you for joining HICL’s Annual results presentation for the financial year 2026. I’m Mohammed Zaheer, I lead the InfraRed listed Investor Relations team here, and I’ll start with a few brief housekeeping points before we begin.
Joining me today are Ed Hunt, Mark Tiner and Ross Gurney-Read, the usual team, you’ll be familiar with who will take you through the group’s results for the year, covering financial performance, portfolio development and the broader market context. We will run through the formal presentation, first, after which we’ll take questions from those in the room and those online. If you are joining via the webcast, you can submit questions through the platform.
Please note that today’s presentation is being recorded, and the presentation slides and recording will be on the company’s website. There is no fire drill planned. So in the event that the alarm does sound, please do follow the marshals out of the building.
With that, thank you again for joining us, and I’ll now hand over to Ed.
Edward Hunt
Thanks very much, Mo. Good morning and a very warm welcome to this set of annual results for HICL Infrastructure PLC. Starting on Slide 4, as we do with an important restatement of HICL’s proposition.
HICL sources high-quality infrastructure assets in private markets and offers them to listed investors in a diversified and liquid vehicle. We focus on core infrastructure, essential assets differentiated by their long-term cash flows, inflation protection, barriers
