Cordiant Digital Infrastructure (LSE:CORD) reported strong trading performance for the nine months to 31 December 2025, with portfolio revenue rising to £262.9 million and EBITDA reaching £125.1 million. The increase was driven by new contract wins, built-in price escalators, disciplined cost management and the addition of Datacenter United to its portfolio.
The company maintained solid dividend coverage of 1.8 times against its target annual payout of 4.35p per share. Its financial position also remains stable, with consolidated gearing at 40.7% and no debt maturities due before June 2029. Cordiant reported available liquidity of £240.8 million, which it intends to deploy toward growth capital expenditure and selective bolt-on acquisitions.
The board also confirmed plans to transfer the company’s listing from the London Stock Exchange’s Specialist Fund Segment to the Main Market under the Closed-ended Investment Funds category. The shift is expected to improve share liquidity, widen access for retail investors and potentially pave the way for inclusion in FTSE indices.
Operational progress across the portfolio included development work on the Prague Gateway data centre project and the completion of CRA’s acquisition of IPTV and OTT platform provider nangu.TV. Meanwhile, broadcast infrastructure operator Emitel secured new contracts in radio broadcasting and Internet of Things services while continuing to assess potential data centre expansion opportunities. These developments align with Cordiant’s “buy, build and grow” strategy aimed at creating scalable digital infrastructure platforms.
Overall, the company’s outlook remains positive, supported by favourable technical indicators and an attractive valuation profile. Recent strategic initiatives and portfolio expansion also reinforce management’s growth ambitions. However, cash flow pressures remain a modest constraint, partially offsetting the otherwise strong performance.
More about Cordiant Digital Infrastructure Limited
Cordiant Digital Infrastructure Limited is a London-listed investment company focused on digital infrastructure assets. Its portfolio spans data centres, fibre networks, broadcast towers and other connectivity platforms across Europe. The company aims to build diversified and scalable operating businesses through holdings such as CRA, Emitel, Speed Fibre and Datacenter United, targeting long-term, cash-generative growth from essential digital connectivity infrastructure.
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