ASX 200 stock upgrades FY26 guidance after customer wins

The company recently won new customers and expanded its capacity targets.

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Key points

  • DigiCo has increased its contracted IT capacity target to 41MW by June 2026, with FY26 EBITDA guidance of $120–125 million and planned capital expenditure of $160–180 million.
  • New customer wins across sectors have led to increased capacity, prompting DigiCo to accelerate expansion and prepare further upgrades to meet high-density AI infrastructure demand.
  • Despite a 40% share price decline in the past year, DigiCo is focused on boosting revenue and IT capacity by mid-2026, supported by strong potential capital partner interest and strategic status certifications.

ASX 200 company DigiCo Infrastructure REIT (ASX: DGT) share price is in focus today after the company announced a raft of new customer wins across its Australian data centre sites. DigiCo has now upgraded its contracted IT capacity target for June 2026 to 41MW, up from the previous guidance of 27MW.

What did DigiCo Infrastructure REIT report?

  • Underlying FY26 EBITDA guidance of $120–125 million
  • Growth capital expenditure expected at $160–180 million for FY26
  • Distributions totalling 12 cents per security (90–100% payout of forecast FFO)
  • Australian Contracted IT Capacity target lifted to 41MW by June 2026
  • Group billed IT capacity forecast to reach at least 85MW by July 2026

What else do investors need to know?

DigiCo's new customer wins span hyperscale, neocloud, enterprise, and government clients, primarily at the SYD1 site but also at Brisbane and Adelaide locations. These additions have led to a significant increase in the company's forward contracted IT capacity.

To meet rising demand, DigiCo is accelerating expansion works at the SYD1 data centre, reshaping the project to deliver more high-density capacity by mid-2026. The company is also preparing to bring forward additional capacity upgrades for FY27.

What did DigiCo Infrastructure REIT management say?

Chief Executive Officer Chris Maher said:



As we noted at our FY25 results, the Australian pipeline, customer demand and scale of deployments has continued to track ahead of expectations at the time of the IPO in December 2024. DigiCo is uniquely positioned to meet surging demand for high-density AI infrastructure – where performance, latency and connectivity are critical. As a result, we are targeting accelerated delivery of the full 88MW SYD1 D&O project earlier than expected, and have reshaped our FY26 works program to deliver additional capacity sooner and capture this growth.

What's next for DigiCo Infrastructure REIT?

DigiCo expects revenue from these new contracts to be recognised in the second half of FY26. The company is targeting a significant uplift in billed IT capacity and group EBITDA by July 2026, with further capacity additions under development.

Management reports strong interest from potential capital partners and notes that SYD1 has achieved "certified strategic" status under the Australian Government hosting certification. DigiCo says it's well placed to advance capital discussions and maintain momentum for growth.

DigiCo Infrastructure REIT share price snapshot

DigiCo shares have declined 40% over the past 12 months, substantially trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 9% over the same timeframe. 

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

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