Australia's DigiCo Infrastructure jumps on strong forecast, client wins

DigiCo Infrastructure REIT

03/10/2025 01:35

** DigiCo Infrastructure REIT DGT.AX advances as much as 20.5% to A$3.290, posting its biggest intraday pct gain since April 10

** Shares hit a more than one-month high and lead gains on the ASX200 benchmark index .AXJO, which is trading flat

** Data centres operator expects FY26 underlying EBITDA of A$120 million-A$125 million ($79.18 million-$82.48 million), up from FY25 EBITDA of A$99 mln

** Reports customer wins across its Australian data centre platform spanning Hyperscale, Neocloud, enterprise and government clients

** Says the wins will boost Australian contracted IT capacity to 41 megawatt (MW) by June 2026, up from the 27MW run-rate target provided in August this year

** Stock last up 15.4%, trimming YTD losses to 29.2%

($1 = 1.5156 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))