Highlights:

  • DigiCo Infrastructure REIT (ASX:DGT) was trading at AUD 2.52, down 9.68% during the afternoon Trading session on 21 August 2026.
  • Underlying EBITDA reached $127 million, ahead of guidance of $125 million.
  • SYD1 88MW expansion has been accelerated, with the first 20MW upgrade completed and remaining 52MW capacity supported by customer LOIs.
  • Group funds under management reached $94.3 billion, with available Liquidity of $706 million increasing to approximately $1.2 billion on a pro forma basis.
  • FY27 distribution guidance is 15.0 cents per security, representing 25% growth on FY26.

DigiCo Infrastructure REIT (ASX:DGT) has reported its FY26 results, outlining Earnings ahead of guidance, accelerated data centre expansion plans and a renewed focus on the Australian digital infrastructure market.

The company highlighted progress across its development pipeline, customer Demand growth and Balance Sheet capacity, with its SYD1 88MW expansion project brought forward to support future platform growth.

DigiCo Infrastructure REIT was trading at AUD 2.52, down 9.68% during the afternoon trading session on 21 August 2026. The company’s shares remain down 10.95% over the past year.

FY26 EBITDA Exceeds Guidance as Platform Expands

DigiCo reported underlying Revenue of $239 million and underlying EBITDA of $127 million for FY26, exceeding its guidance of $125 million.

Adjusted Funds From Operations (FFO) reached $71 million, while distributions were 12.0 cents per security, in line with previous guidance.

The company’s gearing stood at 39%, within its target range of 35% to 45%. Following completion of US asset sales, pro forma gearing is expected to reduce to 18%.

DigiCo also reported available liquidity of $706 million, which is expected to increase to approximately $1.2 billion on a pro forma basis following completion of US asset sales.

SYD1 Expansion Accelerated on Customer Demand

A key focus of the FY26 update was the acceleration of DigiCo’s SYD1 88MW data centre expansion.

The company has completed the first 20MW upgrade at SYD1, while letters of intent have been signed for the remaining 52MW of capacity with high-quality customers.

The expansion will now be delivered in phases across FY27 and FY28.

DigiCo stated that record customer demand for near-term data centre capacity in Sydney has supported the acceleration of its Australian expansion plans.

The company is also progressing a 15MW expansion at ADL1, supported by advanced customer discussions.

Strategic Shift Towards Australian Market

Following planned US asset sales, DigiCo has prioritised its geographical strategy towards Australia, focusing Capital and management resources on a supply-constrained market.

The company said the decision allows capital to be redirected towards Australian growth opportunities, particularly the SYD1 expansion.

Managing Director Simon Mitchell said DigiCo had strengthened its balance sheet, simplified its portfolio and focused its strategy on the Australian market.

He added that once SYD1 and ADL1 expansions are fully operational, the Australian platform is expected to generate approximately $250 million in stabilised EBITDA.

Development Pipeline Supports Future Growth

DigiCo’s Australian platform development strategy includes expanding data centre capacity to meet customer requirements.

The company said the SYD1 88MW development is fully funded, while the expansion program will support its pathway towards Australian Platform Stabilised EBITDA of approximately $250 million.

The company has also progressed ADL1’s 15MW expansion, which forms part of its broader Australian development pipeline.

DigiCo stated that the first 10MW Tranche of the SYD1 expansion is expected to become operational by the end of FY27.

FY27 Guidance Points to Higher Distributions

For FY27, DigiCo expects underlying EBITDA to be between $120 million and $125 million, including two months of CHI1 EBITDA contribution.

Excluding CHI1, underlying EBITDA is expected to be between $110 million and $115 million, representing 15% to 21% growth on a FY26 like-for-like basis.

The company expects FY27 Capital Expenditure of between $300 million and $500 million, largely related to the SYD1 52MW expansion.

The expenditure is expected to be funded through existing cash reserves and undrawn Debt facilities.

DigiCo expects FY27 distributions to total 15.0 cents per security, representing 25% growth compared with FY26.

Customer Demand Drives Expansion Strategy

DigiCo highlighted record customer demand as a key Factor supporting its near-term development plans.

The company’s SYD1 expansion has progressed through completed design and early contractor involvement works, with delivery partners appointed and planning approvals secured.

Ralph Goninan said the completion of the first 20MW stage at SYD1 demonstrated the company’s delivery capability and supported the next phase of capacity expansion.

He noted that customer demand underpins the remaining 52MW expansion capacity, with the first 10MW tranche targeted for completion by the end of FY27.

Investor Takeaway

DigiCo Infrastructure REIT’s FY26 results highlighted earnings growth, improved liquidity and accelerated expansion across its Australian data centre platform.

The company is focusing capital deployment on Australian opportunities, with SYD1 and ADL1 expansions forming key components of its growth strategy.

Investors may continue to monitor data centre demand, execution of expansion projects, capital management activities and progress towards FY27 earnings and distribution targets.