Global Data Centre Group (GDC) investor relations material

Executive summary

• Statutory net profit attributable to securityholders for the half year ended 31 December 2024 was $75.1 million, up from $23.0 million for the same period last year, driven by major asset disposals and value realisation strategy.

• All asset realisations completed ahead of schedule, with total net proceeds of $313.8 million, equating to $4.06 per security.

• The Group completed the sale of its investments in Etix Everywhere and AirTrunk, generating net proceeds of $175.6 million and $123.9 million, respectively, and distributed $154.5 million to unitholders as a special distribution.

• The Group's strategy pivoted to value realisation, with all asset disposals completed by period end and no new investments planned.

• Securities suspended from ASX quotation on 20 November 2024 due to insufficient operations.

Financial highlights

• Statutory revenue for the year ending 31 December 2024 was $158.0 million, up $154.8 million year-over-year.

• Revenue and other income rose to $123.7 million from $3.2 million year-over-year, reflecting significant gains on asset disposals.

• Basic and diluted earnings per security increased to 97.2 cents from 29.8 cents year-over-year.

• Net tangible asset per security decreased to $1.59 from $2.40 as at 31 December 2023, reflecting capital returns and distributions.

• Cash on hand at period end was $133.8 million.

Outlook and guidance

• Final distribution guidance reconfirmed at $1.55–$1.57 per security, with determination expected by end of March 2025.

• The Group will assess retention requirements and wind-up costs, including performance fee true-up, before announcing the timing and value of the final distribution from the AirTrunk disposal proceeds.

• No new investments are expected as the Group continues its value realisation and wind-down strategy.