Highlights

  • DigiCo reported HY26 underlying Revenue of $108 million and underlying EBITDA of $57 million.
  • Australian contract wins covered 22MW during the first half of FY26.
  • The SYD1 expansion received approval for an 88MW project.
  • A US$750m binding Chicago asset sale was announced in May 2026.
  • The company continued prioritising Capital allocation to Sydney capacity.

DigiCo Infrastructure REIT operates digital infrastructure assets, principally data centres serving customers with computing and connectivity requirements. During 2026, DigiCo Infrastructure REIT (ASX:DGT) presented financial results alongside decisions about Facility expansion, asset disposals and the funding of future capacity. Its disclosures show that operating measures and Capital Structure need to be read together, because contract wins and construction spending do not necessarily translate into cash Earnings at the same time.

Capacity Commitments and Financial Performance

In February 2026, DigiCo Infrastructure REIT (ASX:DGT) reported underlying revenue of $108 million for HY26, an increase of 12% against the comparative period identified by the company. Underlying EBITDA reached $57 million, an increase of 15% on the same basis. These measures describe underlying operating performance rather than statutory profit. They should therefore be understood separately from changes in asset values, financing costs and other accounting items affecting reported earnings.

The same update recorded 22MW of Australian contract wins and contracted IT capacity of 85MW across the business. Management said existing capacity at SYD1 was fully contracted. Contracted capacity describes commitments under customer arrangements; it is not interchangeable with billed capacity or immediately recognisable revenue. For DigiCo Infrastructure REIT (ASX:DGT), that distinction matters when evaluating the timing of customer deployments and the conversion of contracted space into operational income.

Sydney Expansion and Project Delivery

DigiCo obtained the approvals and power required for its SYD1 88MW expansion, with delivery planned in progressive stages. The company identified Sydney as a priority for deploying Investment capital, connecting its construction programme to identified customer requirements. Large data centre developments involve construction sequencing and commissioning requirements, so the timing of completed stages remains an operational consideration. DigiCo Infrastructure REIT (ASX:DGT) also disclosed an organisational redesign that was expected to reduce annual operating expenses by approximately $5 million.

Capital Recycling and Balance Sheet

On 6 May 2026, DigiCo announced a binding US$750m agreement to dispose of its Chicago CHI1 data centre. It described the consideration as approximately 5% above the Acquisition price. The company outlined a plan to use asset-sale proceeds to reduce Debt and support the Sydney development. Its pro-forma calculations indicated a potential reduction in gearing from 36% to 17%, based on stated transaction assumptions. This was an estimated post-transaction position rather than a completed-period gearing result.

Capital recycling changes the composition of the asset portfolio as well as financing needs. In DigiCo Infrastructure REIT (ASX:DGT), a disposal of an established facility can release funds for capacity under construction but also reduces the income-producing asset base. The importance of the transaction is therefore not solely the sale price: the effect depends on completion, debt reduction and the eventual operating contribution from new Sydney capacity.

Key Insights

DigiCo’s 2026 disclosures connect contracted data centre Demand with a significant capital allocation programme. HY26 revenue and EBITDA provide operating context, while the Sydney project and Chicago transaction describe the longer implementation schedule. DigiCo Infrastructure REIT (ASX:DGT) remains exposed to construction execution, contracted capacity commissioning and financing decisions. Each measure captures a different part of the REIT’s operating and investment profile.

The timing of revenue recognition also depends on when contracted computing capacity becomes operational. The company has described progressive development stages, so contracted demand, installed capacity and current period earnings remain distinct operating measures.