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Cordiant Digital Infrastructure Limited (CORD) investor relations material
Cordiant Digital Infrastructure Limited H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved a 10% NAV total return for the period, with NAV per share rising to 140.0p, 6.5% portfolio company EBITDA growth, and 7% revenue growth, supported by strong operating performance and diversified assets.
Portfolio expanded with the acquisition and integration of BT Ireland’s wholesale fibre and B2B arm, and continued synergy realization across assets.
Major operational progress included data centre capacity expansion, new financing for DCU, and ongoing buy-build-and-grow strategy delivering resilient cash flows.
Dividend coverage remains robust at 1.7x adjusted funds from operations and 4.8x by EBITDA, with consistent increases since IPO.
Balance sheet remains strong, with no debt maturities until June 2029 and pro forma liquidity of £234.7m.
Financial highlights
NAV per share increased to 140.0p from 129.6p at the start of the period, with NAV rising to £1.07bn.
Annualized NAV total return since IPO is 13.5%.
Interim dividend of 2.175p per share announced, with a full-year target of 4.35p, and total shareholder return for the period at 14.7%.
Portfolio company contracted revenue for the remaining life of contracts reached £954.8m.
Gearing stable at 40.9% of gross asset value; net leverage at 4.8x EBITDA.
Outlook and guidance
Confident outlook for continued revenue and EBITDA growth, supported by inflation-linked contracts, new investments, and strong cash flows.
Prague Gateway data centre development and BT Ireland integration are key growth catalysts.
Management remains focused on prudent gearing, capital allocation, and a progressive dividend policy.
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