DigiCo Infrastructure (DGT) H2 2025 earnings summary

Executive summary

• Achieved 'Certified Strategic' HCF status for Sydney One Data Centre (SYD1), expanding the national footprint and enabling pursuit of government contracts and high-security workloads.

• FY 2025 marked a pivotal year with a successful IPO, key acquisitions, and senior hires from leading tech firms, strengthening management and execution capability.

• Achieved all PDS guidance targets, including annualized EBITDA and dividend per security.

• Strong customer demand, with renewals at an 8.2% premium and a robust pipeline for large-scale deployments.

• Portfolio comprises 13 properties across Australia and North America, valued at $4.0 billion.

Financial highlights

• Revenue for Dec 18, 2024–June 30, 2025 was $105 million, with $14 million from US rental and $91 million from Australian co-location; colocation accounted for 57%.

• Underlying EBITDA for the period was $53 million, annualizing to $99 million, ahead of PDS forecast.

• FFO for the period was $39 million after net interest expense.

• FY 2025 dividend per security was $0.109 (10.9c), in line with guidance.

• Net asset value per security at $4.53 as of June 2025.

Outlook and guidance

• Targeting 27 MW contracted IT capacity in Australia by June 2026, a 30% increase year-over-year.

• US business to benefit from Chicago One (CHI1) rental ramp-up, expected to add $40 million EBITDA in FY 2026.

• FY 2026 growth CapEx expected at $100–$120 million, mainly for Sydney One expansion and D&O project.

• Distributions to remain at 90–100% of FFO.

• FY 2026 EBITDA growth dependent on contract commencements and renewals.