DigiCo Infrastructure (DGT) H2 2025 earnings summary

Executive summary

• FY25 marked a pivotal year with a successful IPO, key acquisitions, and exceeded prospectus and PDS forecasts, setting strong momentum for future growth.

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

• Strengthened management with senior hires from leading tech firms in sales, commercial, and asset management to drive execution and growth.

• Strong customer demand, with 2.6MW of 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 $4.0bn, with zero lost time or recordable injuries since acquisition.

Financial highlights

• FY25 annualised underlying EBITDA reached $99m, ahead of guidance.

• FY25 distribution per security (DPS) of $0.109 (10.9c), in line with guidance.

• FFO for the period from Dec 18, 2024 to June 30, 2025 was $39m after net interest expense.

• Revenue for the period was $105m, with colocation accounting for 57%.

• Ended FY25 with $425m cash, $1.46bn net debt, $2.5bn net assets, and $740m total liquidity.

Outlook and guidance

• Targeting 27MW 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 ~$40m EBITDA in FY26.

• FY26 EBITDA growth dependent on contract commencements, renewals, and capacity remixing.

• FY26 growth CapEx expected at $100–$120m, mainly for SYD1 expansion and D&O project.

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