Centuria Capital Group (ASX:CNI) Lifts FY26 Operating Profit 11% and AI Infrastructure Push Accelerates

Sonal Goyal

27 August 2026 02:03 PM AEST

Centuria Capital Group (ASX:CNI) Lifts FY26 Operating Profit 11% and AI Infrastructure Push Accelerates

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Key Highlights

Operating net profit after tax (ONPAT) increased to $113.8 million, up 11.5% on FY25, with Operating EPS of 13.6 cents per security.
Group AUM reached a record $22.2 billion, supported by $1.2 billion of real estate acquisitions during the year.
The ResetData joint venture recorded a FY26 operating EBITDA loss of $10.9 million, reflecting the scale-up phase of the AI infrastructure business.
FY27 guidance points to ONPAT of $130 million, representing 14% growth on FY26, alongside continued expansion of the data centre and AI infrastructure pipeline.

Centuria Capital Group (ASX:CNI) share price was trading at $1.12, down 15.41% or $0.21 on the day, as at 27 August 2026, 12:15pm AEST, as the company announced its FY26 results for the period ended 30 June 2026. Operating net profit after tax (ONPAT) grew to $113.8 million, up from $100.8 million in FY25, resulting in operating Earnings per security of 13.6 cents, up 11.5% on FY25. Distributions per security of 10.4 cents were declared. Statutory NPAT attributable to CNI securityholders was $56.5 million, representing statutory EPS of 6.7 cents per security.

Joint CEO John McBain said the FY26 results were underpinned by the Group's increased real estate activity over the period, delivered through both organic Acquisition growth and inorganic growth via the acquisition of the Arrow Primary Infrastructure Fund. Operating EBITDA grew to $182.5 million, supported by 23% period-on-period growth in the Group's core Property Funds Management segment from higher recurring revenues, transaction activity and performance fees.

Property Funds Management and Investment Segment Performance

AUM across Property Funds Management and Property Investments increased to $18.6 billion from $17.4 billion in FY25, comprising $6.0 billion listed and $12.6 billion unlisted, with no single property or unlisted fund representing more than 3% of total AUM. Growth was principally driven by $1.2 billion of real estate acquisitions, up from $0.5 billion in FY25, along with securing Arrow fund management rights adding a further $0.4 billion of AUM.

Proportionately consolidated property investment earnings were $92.2 million, supported by asset recycling initiatives and new acquisitions to seed funds. Property and development finance EBITDA was $24.3 million, reflecting a skew towards residual stock and land bridge lending. Centuria Bass Credit's AUM increased to $2.6 billion from $2.3 billion, executing $2.9 billion of total Loan activity during the period, including $1.6 billion of loan originations and restructures.

ResetData Scale-Up Weighs on Earnings

The FY26 ResetData operating EBITDA loss was $10.9 million, which the company said reflects the scale-up phase of the Business ahead of expected earnings contribution, translating to a FY26 net loss to Centuria of $5.9 million. Joint CEO Jason Huljich said the Group progressed its digital and AI infrastructure during the period, providing a runway to scale ResetData amid structural Demand rising from AI adoption alongside Supply constraints due to limited power-ready sites.

After balance date, a new $165 million senior bridge GPU financing Facility was secured with Macquarie Bank to accelerate ResetData's AI Factory pipeline. ResetData signed a Master Services Agreement with CDC Data Centres, commencing with an initial allocation of 7MW and a Letter of Intent supporting an increase to 10MW, with revenue anticipated from the initial order in the second half of FY27. Centuria's identified data centre pipeline increased to more than 250MW.

Balance Sheet Strength and FY27 Guidance

During the second half of FY26, Centuria secured an additional $300 million of Liquidity through a fully underwritten Equity raise, intended to provide flexibility to accelerate AI infrastructure growth and expand the Group's funds management platform. At 30 June 2026, Net Asset Value was $1.76 per security, with cash and undrawn Debt totalling $445 million and Balance Sheet gearing at 5.1%. Weighted average debt duration increased to 3.1 years, with weighted average cost of debt reducing to 7.8%.

Centuria provided FY27 guidance of operating NPAT of $130 million, representing 14% growth on FY26, with operating EPS guidance of 13.0 cents per security and DPS guidance of 10.4 cents per security. The company said FY27 EBIT is expected to grow approximately 20%, driven by growth in core real estate earnings and ResetData's continued roll-out of powered AI capability, with the full impact of increased earnings from the larger capital base expected to be witnessed in the second half of FY27 and particularly in FY28.

Conclusion

Centuria Capital Group's FY26 results reflect growth in operating profit driven by expanded real estate acquisition activity and record Group AUM, offset in part by continuing losses at the ResetData AI infrastructure venture as that business moves through its scale-up phase. With FY27 guidance calling for 14% ONPAT growth and a data centre pipeline that has grown past 250MW, the company's near-term earnings trajectory will depend on the pace at which ResetData's GPU deployments convert customer demand into contracted revenue, alongside continued execution of larger-scale real estate acquisitions.

FAQs

Q: How much did Centuria Capital Group's operating profit grow in FY26?

A: Operating NPAT increased 11.5% to $113.8 million, with operating earnings per security of 13.6 cents.

Q: How is the ResetData joint venture performing?

A: ResetData recorded a FY26 operating EBITDA loss of $10.9 million, reflecting its scale-up phase, translating to a net loss to Centuria of $5.9 million, though the company expects future earnings contribution as AI infrastructure deployment progresses.

Q: What is Centuria's total Assets Under Management?

A: Group AUM reached a record $22.2 billion as at 30 June 2026, supported by $1.2 billion of real estate acquisitions during the year.

Q: What is Centuria's guidance for FY27?

A: The company guided to FY27 operating NPAT of $130 million, representing 14% growth on FY26, with operating EPS guidance of 13.0 cents and DPS guidance of 10.4 cents per security.

Q: What financing has Centuria secured for its AI infrastructure plans?

A: After balance date, Centuria secured $165 million of senior bridge GPU financing with Macquarie Bank, in addition to the $300 million raised through a fully underwritten equity raise during the second half of FY26.

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