Infratil Limited Analysis

Overview

Infratil owns renewable energy, transport, data and connectivity, and social infrastructure businesses in growth sectors

Performance

The following information was extracted from Infratil Limited's full year results, released on 26 May 2026:

Infratil delivers 11% earnings lift and confirms strong growth outlook

• Proportionate operational EBITDAF[1] up 11% to NZ$989 million (FY25: NZ$895 million)

• Proportionate capital expenditure up 17% to NZ$2.7 billion (FY25: NZ$2.3 million)

• Total asset value up 13% to NZ$20.6 billion (FY25: NZ$18.3 billion)

• Over NZ$600 million of assets divested to focus on larger-scale growth opportunities

• Net parent surplus of NZ$550 million (FY25: loss of NZ$295 million)

• Final dividend of 13.65cps unimputed; total FY26 dividend of 20.9cps

• Guidance for FY27 Proportionate operational EBITDAF (excluding corporate costs) to increase 21% at the mid-point vs FY26 $1,114 million, on a like-for-like basis

Infratil (NZX/ASX:IFT) today announced an 11% uplift in earnings to NZ$989 million for FY26, primarily driven by investments in Australasian data centre business CDC and United States renewable energy business Longroad Energy. It has also announced a strong growth outlook as both these businesses convert investment supported by unprecedented sector demand, into a strong trajectory of future revenue growth.

Infratil Chief Executive Jason Boyes said the infrastructure investor was very pleased to deliver a 13.9% total shareholder return across FY26, despite ongoing market noise and volatility.