Infrastructure investor Infratil has reported a strong first-half performance for the period ended September 2025, with revenue increasing more than a third to about $2 billion.
Despite New Zealand’s economy staying relatively subdued throughout the period ending in September, underlying profit increased by 7%.
For the six months ended in September, Infratil reported a net profit of $631.5 million, a turnaround from a net loss of $206.4 million a year earlier. Revenue rose sharply to $1.993 billion from $1.482 billion in the previous period.
Underlying profit increased substantially to $662.4 million compared to $68.8 million last year. Total debt stood at $2.62 billion, up from $2.19 billion as of March 31, while total assets grew to $19 billion from $18.3 billion.
Infratil chief executive Jason Boyes attributed the profit growth mainly to strong earnings momentum from United States-based Longroad Energy and Australasia’s CDC data centre business. Meanwhile, capital expenditures decreased by $52 million to $1.14 billion compared to the previous year.
“Digital and renewable energy thematics are stronger than ever, with CDC and Longroad building strong earnings momentum on the back of new waves of demand,” Boyes said.
“CDC has recently announced 140 megawatts of contracts, and Longroad Energy reached financial close for 925 MW of new projects.”
“Gurīn Energy in Asia is another investment poised for growth, and we’re always scanning for other attractive new growth sectors.”
He said the company is approximately 58% of the way toward reaching its $1 billion divestment goal, with sale agreements secured for RetireAustralia, Fortysouth, and a legacy property asset.
A strategic review of Qscan is also currently in progress.