Global Data Centre Group (GDC) H1 2025 earnings summary

Executive summary

• Statutory net profit attributable to securityholders for the half year ended 31 December 2024 was $75.1 million, up from $23.0 million for the same period last year, driven by major asset disposals and value realisation strategy.

• The Group completed the sale of its investments in Etix Everywhere and AirTrunk, generating net proceeds of $175.6 million and $123.9 million, respectively, and distributed $154.5 million to unitholders as a special distribution.

• The Group's strategy pivoted to value realisation, with all asset disposals completed by period end and no new investments planned.

Financial highlights

• Revenue and other income rose to $123.7 million from $3.2 million year-over-year, reflecting significant gains on asset disposals.

• Basic and diluted earnings per security increased to 97.2 cents from 29.8 cents year-over-year.

• Net tangible asset per security decreased to $1.59 from $2.40 as at 31 December 2023, reflecting capital returns and distributions.

• Total assets declined to $151.0 million from $212.6 million at 30 June 2024, following asset sales and distributions.

Outlook and guidance

• The Group will assess retention requirements and wind-up costs before announcing the timing and value of the final distribution from the AirTrunk disposal proceeds.

• No new investments are expected as the Group continues its value realisation and wind-down strategy.