Infratil earnings lifts 11% to $809m in FY26
Make us a preferred source
Make us a preferred source on Google
The news: Infrastructure investment business Infratil has reported an 11% year-on-year increase in its earnings before interest, tax, depreciation and fair value adjustments to NZD989 million ($809.61 million), driven by data centre business CDC and US renewable energy business Longroad Energy in the 12 months to the end of March.
The numbers: Infratil reported a net parent surplus was NZD550 million, up from a NZD295 million loss in the previous year. The company also reported a 17% increase in proportionate capital expenditure to NZD2.7 billion.
A final dividend of 13.65 cents per share unfranked putting the total FY26 dividend at 20.9 cents per share.
The company is guiding FY27 proportionate operational EBITDAF excluding corporate costs of between NZD1.3 billion to NZD1.4 billion. This is 21% higher than the mid-point guidance for FY26 on a like-for-like basis.
Proportionate capital expenditure is expected to be between NZD3.8 billion and $4.4 billion.
The context: Infratil is benefiting from huge global demand for data centres, particularly through CDC which saw EBITDAF lift 19% to $393 million and is expected to lift to over $1 billion in FY28.
Longroad Energy is also supplying energy to a data centre owned by Meta, with EBITDAF increasing 170% in FY26 to USD121 million ($168.65 million). The company also has a development pipeline for more than 4 gigawatts of capacity.
What they said: “Demand for efficient AI infrastructure is striking and may be th investment opportunity of a lifetime,” Infratil CEO Jason Boyes said.
“CDC’s announcement in early May of Australasia’s largest ever data centre contract has swept aside the market ups and downs of FY26, adding approximately 35% of returns since 31 March.”
The source: ASX
