Infratil's CDC stake grows as data center valuation climbs to A$13.6bn

CDC's independent valuation as of September 30, 2025, rose by A$77 million to A$13.6 billion since June 30, 2025. This reflects the mid-point of an assessed valuation range between A$12.8 billion and A$14.5 billion. Infratil's 49.72% interest in CDC is now valued at A$6,780 million, an increase of A$32 million from A$6,748 million at June 30, 2025.

The valuation increase was primarily driven by minor operational and business plan updates, and adjustments in the valuation approach by a new independent valuer. Changes included a shift in the forward yield curve and an increase in the cost of equity by 0.33%, from 11.05% to 11.38%, partially offset by a reduction in the Asset Specific Risk Premium. The increase in cost of equity stemmed from an increase in the forecast gearing ratio.

CDC continues to expand, with new plans for a region in Perth, Western Australia, and the securing of approximately 100MW of new contracted capacity. Infratil anticipates committing a further A$250 million to CDC's development pipeline within the next six months to support its continued growth towards FY34.