DigiCo Infrastructure (DGT) H2 2026 earnings summary

Executive summary

• Leadership transition formalized with Simon Mitchell and Ralph Goninan as Co-Heads, and Damian Secen as Managing Director Infrastructure, ensuring continuity and strategic execution.

• FY26 underlying EBITDA reached AUD 127 million, exceeding guidance, with strong operational momentum and customer demand.

• Strategic focus shifted to Australian growth, with capital redeployed from US asset sales to domestic projects.

• Delivered key milestones: completed first 20MW at SYD1, accelerated expansion, and secured LOIs for remaining 52MW.

• Strong in-house technical expertise and over 100 professionals underpin competitive advantage.

Financial highlights

• FY26 underlying EBITDA was AUD 127 million, above AUD 125 million guidance.

• Revenue for FY26 was AUD 239 million, with a 21% increase in the second half.

• Distributions for FY26 were AUD 0.12 per security, covered by FFO and representing a 94% payout.

• Adjusted FFO was AUD 71 million after net interest expense.

• Net assets at AUD 2.3 billion, NAV per security AUD 4.13; adjusted NAV at AUD 4.47.

Outlook and guidance

• FY27 underlying EBITDA expected at AUD 120–125 million (including two months of Chicago/CHII), or AUD 110–115 million excluding Chicago/CHII, representing 15–21% like-for-like growth.

• CapEx for FY27 forecast at AUD 300–500 million, mainly for SYD1 expansion, funded from existing reserves.

• Distribution for FY27 expected at AUD 0.15 per security, a 25% increase, with a medium-term policy to pay out 90–100% of FFO.

• Pathway to stabilized Australian platform EBITDA of AUD 250 million post-expansion.