GORE STREET ENERGY STORAGE FUND PLC (GSF) — Results for the twelve months ended 31 March 2026

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the GORE STREET ENERGY STORAGE FUND PLC investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and could be submitted at any time via the q and a tab situated on the right hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll, and I'd like to hand you to Angus Gordon Lennox, Chair. Good morning, sir. Good morning, and welcome, everyone, to my first annual results presentation. But also for those of you who don't know who I am, I'm Angus Gordon Lennox. I'm Chairman of this company. And on this presentation, we've also got Keith Pickard, who is the Chair of the Audit Committee and three members from GORE STREET CAPITAL, who will be talking to you as well. I think the first thing to say is that this new board has only been in place since the February 1. These results are to the end of March, so it's literally two months of the new board we're talking about, although, of course, there's been a couple more months passed since the end of March. But the new board has taken significant action. In the first place, we have had a strategy review. We announced that in March, as many of you may have met me at that point. And a couple of things that we did. We promised to have a good hard look at this company, and we've done that with some quite simple results, which we'll come on to later. But I think the most important thing at this stage is that the NAV that we've announced this morning is, i...