0118 GMT - Infratil's CDC data-centers business just took a big step toward derisking a target of doubling Ebitda across FY 2025-2027, Forsyth Barr says. CDC has signed an additional 100MW of contracts. This means it now has 95% of FY 2027 revenue contracted. "We increase our FY 2027 Ebitda estimate 7% due to this higher contracting, and are now in line with its A$660 million target," analyst Ben Crozier says. The contracts were signed just in time, according to Forsyth Barr. To achieve the Ebitda target, CDC needs most of its FY 2027 contracts to start generating revenue early in the year. Infratil's FY 2027 period starts in six months, and Forsyth Barr says the time from contract signing to revenue generating appears to sit at around 3-6 months. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
September 24, 2025 21:18 ET (01:18 GMT)
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