Dalrymple Bay Infrastructure Ltd (ASX:DBI): H1 FY2026 Results Highlight Revenue Growth and Terminal Expansion

Sonal Goyal

22 September 2026 05:56 PM AEST

Dalrymple Bay Infrastructure Ltd (ASX:DBI): H1 FY2026 Results Highlight Revenue Growth and Terminal Expansion

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Highlights

Dalrymple Bay Infrastructure Ltd (ASX:DBI) reported H1 FY2026 Terminal Infrastructure Charge Revenue of $156.5 million, up 3.6% year on year.
EBITDA increased 4.7% to $150.5 million, while statutory net profit after tax increased 14.2% to $49.2 million.
At the time of writing on 22 September 2026, Dalrymple Bay Infrastructure Ltd (ASX:DBI) was trading at AUD 5.43, up 1.31% during today’s trading session.
DBI announced TY-2026/27 distribution guidance of 28.62 cents per security and continued progress on non-expansion Capital Expenditure projects.

Dalrymple Bay Infrastructure Ltd (ASX:DBI) owns and operates Dalrymple Bay Terminal (DBT), a major coal export infrastructure Facility located in Queensland. The company has released its financial results for the six months ended 30 June 2026, outlining revenue performance, earnings, distributions, capital projects and funding activities.

Through its foundation asset, DBT provides terminal infrastructure and services for producers and consumers of Australian coal exports, connecting the Bowen Basin with global steelmaking Supply chains.

Company Business

Dalrymple Bay Infrastructure operates through Dalrymple Bay Terminal, which provides coal handling infrastructure services. The terminal operates under long-term customer arrangements and supports export activities from Queensland’s Bowen Basin.

DBI generates revenue primarily through the Terminal Infrastructure Charge (TIC), which applies to contracted terminal capacity. The terminal is fully contracted on a 100% take-or-pay basis at 84.2 million tonnes per annum until 30 June 2028, with evergreen renewal options.

The company’s operations are supported by ongoing Investment in non-expansion capital expenditure projects designed to maintain terminal capacity, reliability and operating performance.

Recent Development

In August 2026, Dalrymple Bay Infrastructure released its H1 FY2026 financial results for the six months ended 30 June 2026. The company reported TIC revenue of $156.5 million, up 3.6% compared with H1 FY2025.

Total revenue excluding interest income was $433.3 million, compared with $395.4 million in the prior corresponding period. EBITDA increased to $150.5 million from $143.8 million.

Statutory net profit after tax increased to $49.2 million from $43.1 million, while Funds From Operations increased 10.2% to $92.7 million.

DBI announced a Q2 FY2026 distribution of 6.75 cents per security, with payment made in September 2026. The company also provided total distribution guidance of 28.62 cents per security for the year commencing 1 July 2026, representing an increase from the previous period.

During the period, DBI issued $350 million of five-year fixed-rate notes under its Australian Medium-Term Note programme. The company stated that the issuance diversified funding sources and supported ongoing capital management activities.

Financial Performance and Sector Context

DBI reported handling revenue of $181.8 million and revenue from capital works performed of $92.3 million during H1 FY2026. Terminal operator handling costs were $181.8 million and capital work costs were $92.3 million.

The company reported net Debt of $2,012.3 million at 30 June 2026, compared with $1,975.7 million on a non-statutory basis at 31 December 2025. DBI maintained access to $216.5 million in undrawn bank facilities and held $44.9 million in unrestricted cash.

The infrastructure sector is influenced by long-term asset utilisation, customer demand, maintenance requirements, financing conditions and Commodity export activity. DBI’s performance is linked to contracted terminal capacity, coal export volumes and ongoing infrastructure investment.

DBI continued construction of Shiploader 1A and Reclaimer 4 projects during H1 FY2026. The projects are expected to be commissioned by the end of 2026, with forecast costs of approximately $165.4 million and $115.6 million respectively.

At 30 June 2026, DBI had approximately $370.6 million of capital projects still to be added to the NECAP Asset Base over the next two to three years.

Risks to Consider

Key risks include changes in coal export demand, commodity market conditions, regulatory requirements, financing conditions, project delivery timelines and infrastructure operating requirements.

As an infrastructure owner, DBI also manages risks associated with maintaining terminal reliability, completing capital projects and managing long-term customer arrangements.

What to Watch Next

Future developments may include completion of Shiploader 1A and Reclaimer 4 projects, additional NECAP Asset Base additions, distribution updates and further capital management activities.

DBI will continue focusing on terminal capacity optimisation, refinancing activities, alternative uses of the terminal asset and sustainability initiatives.

Key Insights

Dalrymple Bay Infrastructure reported H1 FY2026 TIC revenue of $156.5 million, EBITDA of $150.5 million and statutory net profit after tax of $49.2 million. The company continues to manage a contracted coal export infrastructure asset while progressing capital projects and maintaining its distribution framework.

FAQs

Q:What were DBI’s H1 FY2026 financial results?

A:DBI reported TIC revenue of $156.5 million, EBITDA of $150.5 million and statutory net profit after tax of $49.2 million.

Q:What is Dalrymple Bay Terminal?

A:Dalrymple Bay Terminal is DBI’s foundation infrastructure asset supporting coal export activities from Queensland’s Bowen Basin.

Q:What distribution guidance did DBI provide?

A:DBI provided TY-2026/27 distribution guidance of 28.62 cents per security.

Q:What capital projects is DBI progressing?

A:DBI is progressing Shiploader 1A and Reclaimer 4 projects as part of its NECAP program.

Q:What was DBI’s net debt at 30 June 2026?

A:DBI reported net debt of $2,012.3 million on a non-statutory basis at 30 June 2026.

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