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BlackRock Energy & Resources Income Trust PLC - London-based investor in energy and mining - Noting challenges due to geopolitical factors such as US tariff policy, net asset value per share falls 12% to 121.81 pence as at May 31, from 137.66p at November 30, 2024. Performance with dividends reinvested is minus 10% for the six months to May 31, compared to its reference index, which had a return of minus 9.2%. The company’s reference index is comprised of three indices, the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver IM (Mining), the MSCI World Energy Index (Traditional Energy) and S&P Global Clean Energy Index (Energy Transition) with a 40:30:30 mix of the three indices. The dividend for the first financial half remains unchanged at 2.25p per share. Looking ahead, Chair Adrian Brown says that increased power demand from artificial intelligence applications is likely to spur increased demand for electricity grids, as well as the materials and fuels that power them. He adds: ‘As the global economy navigates a complex landscape of geopolitical uncertainty, the focus of the portfolio is on the long-term demand drivers, such as green infrastructure, AI-driven data centres, and demographic shifts in emerging markets, alongside constrained supply. Mining and traditional energy equities are currently trading at attractive valuations relative to other sectors and to their own history, while energy transition offers growth possibilities and more now more reasonable valuations. The board is confident that the company remains well-placed to benefit from these key investment trends over the long term.’ Current stock price: 119.50 pence each, closed down 2.1% on Friday in London 12-month change: up 8.1% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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