Infratil Limited Ordinary Shares

IFT.NZX

Industrials

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

Market Data

Price

$15.760

-0.0%
Market Cap

$15.7B

P/E Ratio

28.2x

EPS

$0.558

Div. Yield

1.40%

52-Week Change

+0.5%

Latest Earnings

UPDATED FY2026 Annual Report

26 May 2026

Dividend
$0.21

Infratil delivered a strong FY26 result with Proportionate Operational EBITDAF growing 11% to NZ$989 million and total shareholder return of 13.9% for the year. Total Asset Value reached NZ$20.6 billion (up 13%), driven primarily by CDC Data Centres and Longroad Energy, with dividends increasing to 20.9 cents per share. The outlook is positive, underpinned by CDC's landmark 555MW data centre contract announced post year-end and continued strong demand for renewable energy and digital infrastructure. Key points: Proportionate Operational EBITDAF grew 11% to NZ$989 million in FY26, demonstrating strong portfolio-wide earnings growth.; Total Shareholder Return of 13.9% for FY26, with a 10-year TSR of 17.3% — well above the 11-15% target range.; Total Asset Value grew 13% to NZ$20.6 billion, with NAV per share increasing from $15.48 to $16.26.

Recent Announcements

27 May 2026 Neutral

Infratil Limited (“IFT320”) bonds – Trading Halt

NZX has placed an operational trading halt on Infratil Limited's IFT320 bonds from close of business on 3 June 2026 to allow the system to be updated for the bond's interest rate reset scheduled for 15 June 2026, with trading to resume on 16 June 2026.

27 May 2026 Neutral

IFT320 - Interest Rate Reset

Infratil Limited announces that its NZ$115.9 million IFT320 bonds will have their interest rate reset on 15 June 2026 for the second four-year period, calculated as the four-year swap rate plus a 2.00% margin, with the new rate to be announced via NZX shortly after the reset date.

26 May 2026 Neutral

Lodgement of Product Disclosure Statement for Capital Bond

Infratil Limited has lodged a product disclosure statement for a proposed offer of up to NZ$150 million in unsecured, subordinated capital bonds with a 31-year term maturing on 15 June 2057, with the offer opening on 2 June 2026 and closing on 5 June 2026. The Capital Bonds have a BBB- credit rating from S&P Global Ratings, carry a fixed interest rate for the first 6 years followed by resets every 5 years, and will be quoted on the NZX Debt Market.

26 May 2026 Neutral

ASX Appendix 3A.1

Infratil Limited (IFT) announced an ordinary dividend of NZD 0.1365 per share for the six-month period ending 31 March 2026, with an ex-date of 9 June 2026 and payment date of 29 June 2026. The dividend is unfranked and includes a Dividend Reinvestment Plan (DRP) with a 2% discount, available to eligible NZ and Australian residents.

26 May 2026 Actual Results Positive

UPDATED FY2026 Annual Report

Infratil delivered a strong FY26 result with Proportionate Operational EBITDAF growing 11% to NZ$989 million and total shareholder return of 13.9% for the year. Total Asset Value reached NZ$20.6 billion (up 13%), driven primarily by CDC Data Centres and Longroad Energy, with dividends increasing to 20.9 cents per share. The outlook is positive, underpinned by CDC's landmark 555MW data centre contract announced post year-end and continued strong demand for renewable energy and digital infrastructure. Key points: Proportionate Operational EBITDAF grew 11% to NZ$989 million in FY26, demonstrating strong portfolio-wide earnings growth.; Total Shareholder Return of 13.9% for FY26, with a 10-year TSR of 17.3% — well above the 11-15% target range.; Total Asset Value grew 13% to NZ$20.6 billion, with NAV per share increasing from $15.48 to $16.26.

26 May 2026 Actual Results Positive

Infratil Full Year Results for the year ended 31 March 2026

Infratil delivered an 11% lift in Proportionate Operational EBITDAF to NZ$989 million for FY26, driven primarily by CDC (data centres, +19%) and Longroad Energy (US renewables, +170%), finishing towards the top of its NZ$960–$1,000 million guidance range. Total asset value grew 13% to NZ$20.6 billion and net parent surplus swung to NZ$550 million from a prior year loss of NZ$295 million. FY27 guidance points to a further ~21% EBITDAF uplift at the midpoint, underpinned by CDC's 1GW+ of contracted data centre capacity and Longroad's accelerating renewable energy construction pipeline. Key points: Proportionate Operational EBITDAF (EBITDAF excluding corporate costs and development spend) up 11% to NZ$989 million, finishing towards the top of guidance range of NZ$960–$1,000 million; CDC now a global-scale data centre operator with 1GW+ contracted capacity; FY26 EBITDAF of A$393 million (+19%) with EBITDAF expected to exceed A$1 billion in FY28 — a 155%+ step-change; Longroad Energy EBITDAF surged 170% to US$121 million with 2GW under construction (record) and a US$1 billion run-rate EBITDAF target by CY29/30, supported by Infratil's additional US$300 million equity commitment

20 May 2026 Neutral

Infratil reduces Contact stake to support future growth

Infratil Limited has agreed to sell 53,531,358 ordinary shares (5.0%) in Contact Energy Limited at NZ$9.25 per share for approximately NZ$495.17 million, reducing its stake from 14.08% to 9.08%, with proceeds to fund future growth opportunities across its portfolio.

6 May 2026 Neutral

CDC signs 555MW data centre contract with US customer

CDC Data Centres has secured a 555MW data centre contract with a US investment-grade customer for 30 years (with optional renewal up to 20 years), bringing its total contracted capacity to over 1 gigawatt and representing Australia's largest data centre contract to date. The capacity will be delivered across Australian campuses in FY28-FY29, with expected EBITDAF to exceed A$1 billion in FY28 and approximately A$2 billion annually once fully deployed.

28 Apr 2026 Sph Neutral

SPH Notice - FirstCape Group Limited

FirstCape Group Limited changed substantial holding from 5.114% to 6.143%.

21 Apr 2026 Neutral

Infratil Newsletter - April 2026

Infratil's April 2026 newsletter reports completion of the Fortysouth asset sale and highlights portfolio progress, including CDC's valuation increase to A$15.0 billion (with Infratil's 49.72% stake valued at A$7,454 million), CDC's uplifted FY27 EBITDAF guidance to A$680-720 million, and positive momentum across renewable energy and data centre investments driven by geopolitical tailwinds favoring Australasia as a secure investment location.

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