Infratil focuses on digital, renewables; eyes $1bn from asset sales

Infratil is prioritizing further investment in fast-growing digital and renewable energy, aiming for 11-15% returns over a 10-year period. Key portfolio companies, including Australasian data centre operator CDC, are on track to double FY25 earnings by FY27. Longroad Energy, a US-based renewable developer, confirmed its seventh renewable project in Texas and targets growth from 5.5GW to 10GW by 2028, with annual project capex of ~$2 billion. Gurīn Energy is advancing key projects in Asia, including its first operational solar site in the Philippines, and has identified 8GW of mixed mid and late-stage projects by 2030.

The company announced a strategic review of Australian medical imaging business Qscan, following the sale of its 50% stake in RetireAustralia for NZ$328 million. Infratil is targeting NZ$1 billion in divestment proceeds from portfolio simplification. One NZ remains on track to meet its FY26 EBITDA target of NZ$595 million to $625 million, forecasting reduced capital intensity and mid-30% EBITDA margins in the medium term.