DigiCo Infrastructure (DGT) H1 2026 earnings summary

Executive summary

• Strong operating momentum and high-quality, strategically located assets drive recurring revenue and growth, supported by a diversified customer base and disciplined capital management.

• CEO transition and organizational redesign have renewed focus on operational efficiency, customer engagement, and cost-out initiatives targeting ~$5 million in annual savings.

• Major growth opportunities identified in the SYD1 data center, with an 88MW expansion fully approved, accelerated, and staged for delivery over three years.

• Sector tailwinds from AI-driven demand and favorable regulatory environment in Australia support future growth.

• Focused capital allocation, asset recycling, and partnering initiatives are underway to fund high-return projects and maintain a strong balance sheet.

Financial highlights

• Revenue for 1H FY26 was AUD 108 million, up 11.8% year-over-year, with underlying EBITDA of AUD 57 million, up 15% year-over-year.

• Distribution of 6.0 cents per security declared, representing a 5.3% annualized yield.

• Cash and available liquidity at period end was AUD 658 million, with gearing at 35.8%, at the low end of the target range.

• Adjusted NAV per security at AUD 4.62.

• Value of investment properties increased by $202 million.

Outlook and guidance

• Upgraded FY26 underlying EBITDA guidance to AUD 125 million, at the top end of the previous range, despite FX headwinds.

• July 2026 annualized run-rate EBITDA target maintained at AUD 180 million.

• Growth CapEx for FY26 maintained at AUD 160–180 million, primarily for SYD1 expansion.

• Full year distribution guidance maintained at AUD 0.12 per security, reflecting a 90%-100% payout of FFO.