Infratil's Fiscal 2026 Total Proportionate EBITDAF Meets Expectations, Jefferies Says

MT Newswires Live
May 26

Infratil's (ASX:IFT, NZE:IFT) fiscal 2026 total proportionate earnings before interest, tax, depreciation, amortization, and fair value adjustments (EBITDAF) of NZ$919.3 million was in line with consensus of NZ$918.3 million, Jefferies said in a note on Tuesday.

The company's EBITDAF increased 170% in the fiscal year with contributions from new projects completed in March and April 2025. Development EBITDAF losses of NZ$70 million was better than expected.

Infratil swung to a profit of NZ$0.558 per share in fiscal 2026 from a loss of NZ$0.315 a year earlier. Revenue for the 12 months ended March 31 was NZ$3.04 billion, compared with NZ$2.86 billion a year earlier.

The investment firm retained its buy rating on Infratil and its price targets of AU$14.40 and NZ$17.30.

Infratil's Australian and New Zealand shares were each down 6% in recent Tuesday trade.

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