Australia's DigiCo Infrastructure expects robust 2026 income on customer wins

DigiCo Infrastructure REIT

03/10/2025 04:37

DigiCo's contracted IT capacity to reach 41MW by June 2026

Forecasts FY26 EBITDA of A$120 million-A$125 million

Shares rise up to 20.51%, outperform S&P ASX 200 index

Oct 3 (Reuters) - Australia's DigiCo Infrastructure REIT DGT.AX forecast robust operating income for fiscal 2026 on Friday, helped by several customer wins across its domestic data centre platform, sending its shares to a one-month high.

The customer wins will lift DigiCo's contracted IT capacity in Australia to 41 megawatts (MW) by June 2026, well above the 27MW run-rate target set in August, the data centre operator said in a statement.

DigiCo forecast A$120 million to A$125 million ($79.13 million-$82.43 million) in underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) for fiscal 2026.

In the eight months to June 30, it recorded A$52.9 million in EBITDA. The company did not disclose its operating income for fiscal 2024.

DigiCo also forecast shareholder distribution of 12 Australian cents per share for fiscal 2026, compared with 10.9 cents declared on June 17 for 2025.

Shares in the company rose as much as 20.51% to A$3.29 and were on track for their best session since April 10 if current gains held. The benchmark S&P ASX 200 .AXJO index was up 0.4%.

DigiCo listed in December 2024 following a A$2 billion initial public offering, positioning itself as a data centre-focused REIT with a portfolio of 13 assets across Australia and North America.

The listing was the largest in six years, driven by surging demand for digital infrastructure amid the artificial intelligence boom.

"As we noted at our FY25 results, the Australian pipeline, customer demand and scale of deployments have continued to track ahead of expectations at the time of the IPO in December 2024," CEO Chris Maher said in a statement.

($1 = 1.5165 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru; Editing by Subhranshu Sahu)

 ((Roushni.Nair@thomsonreuters.com))