HASI Announces Fourth Quarter and Full Year 2025 Results with New Investments up 87% Y/Y to a Record $4.3b, Adjusted ROE up 70 bps to 13.4% and Adjusted EPS up 10% to $2.70

About this update from Ha Sustainable Infrastructure Capital, Inc.

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":213,"url":"https://media.zenfs.com/en/business-wire.com/4be274b514b1bfcaa82a0e9548a9e7d4"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/.S62FdXOIkVqXAYLZabjGg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQyNjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/4be274b514b1bfcaa82a0e9548a9e7d4","width":480,"height":213}},"lazy":false},{"type":"text","content":"ANNAPOLIS, Md., February 12, 2026--(BUSINESS WIRE)--HA Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE: HASI), a leading investor in sustainable infrastructure assets, today reported results for the fourth quarter and full year of 2025.","length":314,"tagName":"p"},{"type":"text","content":"Key Highlights","length":14,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Closed a record $4.3 billion of new investments in 2025, up 87% year-over-year with new portfolio asset yields above 10.5% for the second year in a row in 2025, as our pipeline increased to more than $6.5 billion at the end of 2025.","length":232,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Managed Assets grew 18% year-over-year to $16.1 billion in 2025, as our Portfolio grew 15% to $7.6 billion, and fee-generating assets at our co-investment structures rose to $1.0 billion.","length":187,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"GAAP EPS of $1.41 on a fully diluted basis in 2025, compared with $1.62 in 2024, and Adjusted EPS of $2.70 on a fully diluted basis in 2025, up 10% compared to $2.45 in 2024.","length":174,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"GAAP-based Net Investment Income was $28 million in 2025, compared to $50 million in 2024, and Adjusted Recurring Net Investment Income was $362 million in 2025, up 25% compared to $289 million in 2024.","length":202,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted ROE increased to 13.4% in 2025 from 12.7% in 2024.","length":59,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Inaugural issuance of $500 million principal amount of junior subordinated notes continued to broaden our capital funding platform while further ...

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