Data centre operator CDC expects FY26 earnings to be at lower end of guidance
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The news: Infratil has told the exchange that data centre subsidiary CDC’s FY26 earnings before interest tax depreciation, amortisation and fair value adjustments (EBITDAF) will come in at the lower end of the guidance range due to the timing of contract delivery.
The announcement was made ahead of a briefing for analysts and institutional investors in Sydney.
The numbers: Infratil said that CDC FY26 EBITDAF is expected to be at the lower end of the current guidance range of $390 million to $400 million.
FY27 guidance has been lifted from about $660 million to the range between $680 million and $720 million.
CDC says it has the largest pipeline of capacity within Australasia with 18 operational sites and five under construction.
The context: The FY26 guidance update has been made to “reflect the timing of existing contracted capacity that has been weighted toward the back end of FY26”.
The FY27 guidance has been updated to reflect the existing contracted capacity delivery as well as expectations for continued demand.
What they said: “Our focus is on supporting CDC to deliver more capacity to meet the growing demand for data centre space across Australasia,” Infratil CEO Jason Boyes said.
“Infratil, along with CDC’s other major shareholders, recently provided $500 million in equity funding to support the acceleration of CDC’s construction programme.”
The source: ASX
