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Infratil Limited (ASX:IFT)

ALERT: Price-sensitive ASX Announcement for IFT
Current share price for IFT : $12.350 1.85 (17.62%)+
Announcement
Release
5 May 2026 5:36PM
Price at Release
$10.500
Full Release
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Summary
CDC Data Centres has secured a 555MW data centre contract with a US customer, marking the largest data centre deal in Australia's history. Infratil Limited, owning a 49.7% stake in CDC, highlights this contract as a significant development in Australasian data centre demand. The contract, spanning up to 30 years with options, will begin operations in FY28-29 and increase CDC's total capacity to over 1GW. This positions Australasia as an attractive global hub for data centres, supported by regional stability and renewable energy access. The contract aligns with CDC's growth plan, funded through existing and new financial resources, projecting EBITDAF exceeding A$1 billion by FY28.
Key Points
  • CDC Data Centres (CDC) has signed a 555MW data centre contract with a high-end US customer.
  • This contract is the largest data centre deal in Australia's history.
  • Infratil Limited holds a 49.7% stake in CDC and views this as a significant milestone for Australasian data centre demand.
  • The contract duration is up to 30 years, with initial operations expected to start in FY28 and FY29.
  • CDC's total contracted capacity will grow to over 1GW, making it the largest data centre provider in Australia and New Zealand.
  • The deal highlights Australasia as a prime location for global data centre investment due to regional stability, competitive costs, and access to renewable energy.
  • CDC expects EBITDAF to exceed A$1 billion in FY28, with annualized capacity potentially delivering A$2 billion.
  • The contract does not require further equity from shareholders and fits within CDC's existing growth plan.
  • CDC's development will be funded through current cash reserves, existing debt facilities, and new debt and hybrid funding.
  • Infratil CEO Jason Boyes emphasized the opportunity for Australasia to attract global computing capacity.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.