Australia · Delayed Price · Currency is AUD Dalrymple Bay Infrastructure Earnings Call Transcripts
Fiscal Year 2026
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Revenue and distributions grew in FY 2025, with strong cash flow and reaffirmed guidance for FY 2026/2027. Board elections and governance changes were addressed, and strategic investments in infrastructure and safety were highlighted. Voting was conducted by poll, with results to be released on the ASX.
Fiscal Year 2025
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EBITDA and FFO grew strongly in FY25, supporting an 11.4% increase in distributions and a 7.7% uplift in guidance for FY25/26. Major NECAP projects are on schedule, refinancing has reduced interest costs, and the payout ratio will be at the upper end of the target range.
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H1 2025 saw strong financial growth with EBITDA up 5.3% and net profit up 17% year-over-year, supported by fully contracted capacity and disciplined cost management. $405 million in NECAP projects are underway, and further revenue growth is expected from optimization and expansion initiatives.
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The meeting reviewed strong FY2024 financial results, with increased distributions and robust sustainability efforts. Directors were re-elected, and shareholders engaged on governance and future growth plans, including major capital projects and distribution guidance uplift.
Fiscal Year 2024
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EBITDA rose 7.1% to $279.8M and FFO increased 11.1% to $156.7M, with distributions up 5.8%. Capacity remains fully contracted, and guidance for FY25 distributions was raised 7%. Major NECAP projects and optimization initiatives are set to drive future growth.
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EBITDA and net profit after tax both grew over 8% year-over-year, with distributions yielding 7.2%. Major NECAP capital projects are underway, supporting future revenue growth, while all capacity remains fully contracted, ensuring stable cash flows.