Title: PINT Factsheet Q4 2025 URL Source: https://documentscdn.financialexpress.net/Literature/9B592074EF68D9408C1A7F9663E30AEF/239944391.pdf Number of Pages: 3 Markdown Content: 1www.pantheoninfrastructure.com | 60 80 100 120 140 160 180 Nov 21 Jun 22 Dec 22 Jun 23 Dec 23 Jun 24 Dec 24 Jun 25 Dec 25 PINT Share Price (TSR) PINT NAV/Share (TR) FTSE All Share S&P Global Infra # PINT Quarterly Update: Q4 2025 Performance is as at 31 December 2025 unless otherwise stated . Past performance does not guarantee future results . 1European Sustainable Finance Disclosure Regulation . 2Refers to the investment fair values or amounts committed or in legal closing . Invested amounts totaled £607 .8 million, representing the fair value of the Company’s funded investments . Committed amounts totaled £12 .2 million, representing cash held in respect of undrawn commitments . 3NAV : Net Asset Value . As at 31 December 2025 . 4Net gain to shareholders per share over the last twelve months, assume dividends re -invested at NAV at ex -dividend date . 5pps is pence per share . 6Q4 2025 net gain to shareholders per share . 7The target returns are targets only and not profit forecasts . There can be no assurance that these targets will be met and they should not be taken as indication of the Company’s future results . 8Charts are based on NAV of £611 .3 million as at 31 December 2025 . Geography and sector based on exposure at underlying company level at time of entry . 9Total may not sum to 100 % due to rounding . 10 This classification represents where the majority of portfolio company cash flow is contracted in nature vs . regulated or GDP linked . 11 TR assumes dividends are re -invested at the NAV on the ex -dividend date . 12 TSR assumes dividends are re -invested at the share price on the ex -dividend date . Our purpose is to provide access to a globally diversified portfolio of high -quality infrastructure assets which will generate sustainable attractive returns over the long term About PINT Pantheon Infrastructure Plc (“PINT”) is a closed - ended investment company and a UK investment trust listed on the London Stock Exchange. PINT provides exposure to a global, diversified portfolio through direct co - investments in high -quality infrastructure assets with strong defensive characteristics . These typically benefit from contracted cash flows, inflation protection, and conservative leverage profiles. PINT is classified as an article 8 “light green” product under SFDR 1 and targets assets with strong sustainability credentials. The Portfolio focuses on assets benefiting from long -term secular tailwinds . Performance GEOGRAPHY 9 MARKET SEGMENT 9,10 Source: Bloomberg. PINT vs. FTSE All Share and S&P Global Infrastructure are rebased to 100 at IPO. SPONSOR 9 Power & utilities 29% Renewables & energy efficiency 22% Transport & logistics 10% 3M 12M IPO (Nov 21) - 31 Dec 25 TR (NAV and dividends) 11 3.9% 14.4% 48.7% TSR (share price and dividends) 12 -1.2% 26.8% 19.5% FTSE All Share TR 6.4% 24.0% 53.9% S&P Global Infrastructure Index $ TR 2.5% 14.1% 57.7% Digital Infrastructure fibre 15% Digital Infrastructure tower 14% 39% Digital Infrastructure data centre 10% PINT’s Diversification 8 ⚫ Contracted 82% ⚫ GDP linked 10% ⚫ Regulated 8% > SUSTAINABILITY ✓ One of the first international investment firms (and second private equity firm) to sign the UN Principles for Responsible Investment in 2007, and in the most recent UNRPI report scored 100% for Infrastructure ✓ Pantheon became a signatory for the TCFD (‘Task Force on Climate -Related Financial Disclosures’) in 2021 ✓ The sustainability performance of the PINT portfolio is monitored through enhanced engagement with Sponsors and third -party tool s. ⚫ ECP 17% ⚫ Digital Bridge 17% ⚫ Apollo 10% ⚫ DIF 8% ⚫ Macquarie 8% ⚫ Asterion 7% ⚫ Infracapital 7% ⚫ KKR 7% ⚫ CAI 7% ⚫ Vauban 4% ⚫ Stonepeak 4% ⚫ EQT 4% ⚫ North America 46% ⚫ Europe 39% ⚫ UK 15% Financial highlights as at 31 December 2025 # £620m committed to 14 assets 2 # 130.4p NAV 3 per share # 14.4% LTM 4 NAV Total Return # 4.346pps 5 Total dividends FY25 # £611 m NAV 3 # 3.9% NAV Total Return in Q4 2025 6 # 8-10% FY25 target p.a. total return 7 # £508m Market cap SECTOR 92www.pantheoninfrastructure.com | > 1.00 1.03 1.03 1.04 1.07 1.13 1.15 1.20 1.25 1.28 1.33 1.32 > 1.42 1.47 1.54 0.9 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 > MOIC 1 > 127.7p > 5.1p > (0.0p) > 0.3p > (0.5p) > (2.2p) > 130.4p Opening NAV per share Portfolio movement Foreign exchange movement Foreign exchange hedge Expenses Dividends paid Closing NAV per share About the Manager Pantheon has been at the forefront of private markets investing for more than 40 years, earning a reputation for providing in nov ative solutions covering the full lifecycle of investments, from primary fund commitments to co -investments and secondary purchases, a cross private equity, real assets and private credit. The firm has partnered with more than 760 clients, including institutional investors of all sizes as well as a growing number of private wealth advisers and investors, with approximately $85bn in discretionary assets under management (as of September 30, 2025 ). Investment Portfolio 1 Portfolio company Total investment 2 £58m £40m £51m £24m £26m £25m £107m £42m £50m £42m £37m £22m £41m £43m MOIC 1,3 1.5x 1.7x 1.5x 1.1x 1.2x 0.8x 3.0x 1.6x 1.5x 1.4x 1.3x 1.2x 1.3x 1.5x Performance v Plan ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ # PINT Quarterly Update: Q4 2025 Contact Richard Sem Partner pint@pantheon.com +44 20 3356 1800 Ben Perkins Principal Fund terms: Pantheon Infrastructure PLC Investment Manager Pantheon Ventures (UK) LLP, regulated by the FCA Broker Investec Bank plc Currency GBP with structured FX hedging programme to reduce impact of FX movements on NAV Leverage Up to 30% of NAV for either acquisitions or other uses; not more than 40% in aggregate Management Fee 1% p.a. on the first £750 million of Net Asset Value; 0.9% p.a. above; no performance fee; no acquisition fee Website https://www.pantheoninfrastructure.com/ > 1 Source: Pantheon. 2 Refers to the investment fair values or amounts committed or in legal closing as of 31 December 2025. 3Compounded Multiple on Invested Capital (MOIC) is calculated as the sum of distributions, the portfolio valuation as at 31 December 2025, the value of realised assets, and the allocation of foreign exchange hedge movements, less the drawn commitments of non -IPO assets, divided by the drawn commitments o f IPO assets. There is no guarantee the MOIC stated or performance trend highlighted will continue. NAV BRIDGE NAV per share movement from 30 September 2025 to 31 December 2025 PORTFOLIO MOIC 1,3 Above plan On plan Below plan The total portfolio fair value movement before the foreign exchange movement in the quarter was £24.1m. Notable underlying mo vem ents include a £11.7m uplift on Intersect Power, £5.6m uplift on Calpine, £2.1m uplift on National Broadband Ireland, £2.0m uplift on Vantag e Data Center, £2.0m uplift on Primafrio and £1.9m uplift on National Gas. This was offset by negative movements including -£5.8m on Ca rtier Energy. The foreign exchange hedging instruments gain was £1.5m (0.3p per share). As at 31 December 2025, the £115.0m Revolving Credit Facility (‘RCF’) remained undrawn. In February 2026, the term of the RCF was reset to 36 months and will now mature in February 2029. In addition to the term extension, the Amendment also includes a reduction in the drawn margin payable on the Loan Facility. The margin, pre vio usly 2.85%, has been reduced to 2.65% per annum over the relevant currency benchmark rate or compounded reference rate, payable on drawn amo unts. PORTFOLIO HIGHLIGHTS Fully committed Ramp -up The sale of Intersect Power ’s pipeline of energy and data centre projects in development or under construction to Alphabet was announced in December 2025. Achieved within three months of investment, the gain from the transaction increased PINT’s NAV by approximatel y 2 .5p per share as at 31 December 2025. PINT subsequently received cash proceeds of $43.8 million in March 2026, representing a DPI ratio of 1.2x. Following the receipt of all required regulatory approvals, the sale of Calpine to Constellation Energy Corporation (‘Constellation’) was completed in January 2026. PINT received $28.5 million in cash and over 325,000 Constellation shares, 50% of which are locked up until July 2026 and the remainder until July 2027. PINT’s Board Patrick O’D Bourke (Chair) Andrea Finegan Anne Baldock Anthony Bickerstaff Sapna Shah 3www.pantheoninfrastructure.com | # PINT Quarterly Update: Q4 2025 IMPORTANT NOTICE This document has been issued by and is the sole responsibility of Pantheon Infrastructure PLC (“PINT”) . This document has not been approved by a person authorised under the Financial Services & Markets Act 2000 (“FSMA”) for the purposes of section 21 of FSMA . The contents of this document are not a financial promotion . None of the contents of this document constitute (i) an invitation or inducement to engage in investment activity ; (ii) any recommendation or advice in respect of the shares in PINT ; or (iii) any offer for the sale, purchase or subscription of shares in PINT . If, and to the extent that this document or any of its contents are deemed to be a financial promotion, PINT is relying on the exemption provided by Article 69 of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 /1529 (the “Order”) in respect of section 21 of FSMA . If this document is sent only to investment professionals and/or high net worth companies, etc . (within the meanings of Articles 19 and 49 of the Order) and it is deemed to be a financial promotion, PINT is relying on the exemptions in those Articles . Although PINT has attempted to ensure the contents of this document are accurate in all material respects, no representation or warranty, express or implied, is made to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of the information, or opinions contained herein . Neither PINT, its investment manager, Pantheon Ventures (UK) LLP, nor any of their respective advisors or representatives shall have any responsibility or liability whatsoever (for negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document . Nothing in this paragraph shall exclude, however, liability for any representation or warranty made fraudulently . The information set out herein may be subject to updating, completion, revision, verification and amendment and such information may change materially . The document is intended for information purposes only and does not constitute investment advice . It is important to remember that past performance is not a reliable indicator of future results . Furthermore, the value of any investment or the income deriving from them may go down as well as up and you may not get back the full amount invested . There are no guarantees that dividend and return targets will be met . Capital and income at risk .