DigiCo Infrastructure REIT (DigiCo or DGT), an owner, operator and developer of data centres, has released its results for the full year ended 30 June 2026 (FY26), delivering underlying EBITDA ahead of guidance and achieving what it says are "significant operational milestones".
The company reported underlying revenue of $239 million and underlying EBITDA of $127 million, above guidance of $125 million.
Following the decision to redeploy capital post US asset sales, DigiCo has prioritised its geographical strategy to Australia, concentrating capital and management attention on what it describes as a supply-constrained market.
The company's SYD1 88MW Project has been accelerated, with the 20MW upgrade complete.
DigiCo has also brought forward capacity expansion initiatives across its Australian platform, including the 52MW expansion at SYD1 and the 15MW expansion at ADL. These projects will now be delivered in phases across FY27 and FY28 to support DigiCo’s pathway to expected Australian Platform Stabilised EBITDA4 of ~$250 million.
For FY27, underlying EBITDA is expected to be between $120 to 125 million, inclusive of 2 months of CHI1 EBITDA; excluding CHI1, FY27 underlying EBITDA is expected to be between $110 to 115 million, representing 15 to 21% growth on a FY26 like-for-like basis.
H1 FY26 saw DGT saw the company report underlying revenue of $108 million (up 12% on the prior corresponding period) and underlying EBITDA of $57 million (up 15% on the prior corresponding period). In FY25, the company revealed an annualised underlying EBITDA of $99m, ahead of Prospectus and PDS guidance.
Leadership transition as two new co-heads appointed
DGT also announced the appointment of Simon Mitchell and Ralph Goninan as co-heads of DGT, with interim CEO Chris Maher having stepped down from the role.
Mitchell and Goninan will also retain their respective roles as CFO and chief development officer.
Maher assumed the role of interim CEO after it was announced in late June that Michael Juniper would not return from personal leave and stepped down from his positions as CEO of DGT and director of DGT.
Juniper, who was a founding executive at hyperscale data centre specialist AirTrunk, first joined the business in September 2025.
Mitchell has been the CFO of DGT since its ASX listing in December 2024. He joined HMC Capital, the alternative asset manager that established DigiCo in 2019, in 2023 and has over 26 years of extensive experience in professional finance roles across investment banking research, private equity, and accounting.
He joined the Group following a 7-year tenure as MD and head of investment research at UBS in Australia and New Zealand. Prior to this, he spent 13 years as a senior investment analyst, specialising in the industrial and infrastructure sectors at both UBS and JP Morgan.
Goninan joined DGT in 2025 and has more than 20 years’ experience delivering infrastructure and development projects across Australia and Asia. He brings expertise in project delivery, commercial management and large-scale infrastructure development, with a focus on data centres and other power-intensive infrastructure.
His career includes five years at Macquarie Group and almost nine years at Laing O’Rourke, where he delivered major infrastructure projects across Sydney, Hong Kong and regional New South Wales. He also worked as a project manager at Lendlease. His experience spans design, constructability, delivery and operational readiness across major transport, water and energy-related infrastructure projects.
HMC Capital has also appointed Damian Secen as MD of infrastructure. In this role, he will provide senior oversight and leadership to HMC Capital's infrastructure verticals, including DGT and Illuma Energy.
Secen brings more than 25 years of experience across the infrastructure, energy and renewables sectors in Australia and offshore, spanning investment, development and asset management.
DGT chair Joseph Carrozzi AM said the duo's complementary capabilities and commitment to DGT’s growth strategy will support the continued execution of the company's data centre investment mandate and create long-term value for securityholders.
“On behalf of the Board, I would also like to thank Chris Maher for his leadership and significant contribution to DigiCo since establishment, and for supporting a smooth and orderly transition,” said Carrozzi.
A pathway to "unlocking long-term value"
Mitchell said DGT said the divestment of lower-yielding US assets allows capital to be recycled into the company's highest conviction growth opportunity, the SYD1 88MW Project , which is fully funded, while maintaining balance sheet capacity and supporting security holder distributions.
“Once our SYD1 and ADL1 expansion projects are fully operational, DGT ’s Australian Platform is expected to generate approximately $250 million of stabilised EBITDA, providing a clear pathway to unlocking longterm value for security holders," he said.
Goninan said completion of the first 20MW stage at SYD1 is an important delivery milestone and demonstrates the capability of the DigiCo team.
"We are now progressing the next phase of capacity, with planning approvals secured , completed design and ECI works, appointment of delivery partners and a phased program of works," he said.
"With LOIs signed for the remaining 52MW expansion capacity, the economics of the project are underpinned by customer demand, with the first 10MW tranche targeted online by the end of FY27 . “By executing on these milestones and converting contracted capacity into earnings, we are building a clear track record that supports the long-term value proposition of the platform. ”
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