Infratil (IFT)•HY26•Released 13 November 2025NPAT swung +385% on $280m disposal gain while cash conversion fell to 6.4%Headline result is distorted by portfolio divestments and a discontinued operation; operational EBITDAF rose only 7% to $514m and OCF fell 64.9%.Published 21 April 2026Read briefing→
Infratil (IFT)•FY25•Released 28 May 2025PBT swung to $212m loss but proportionate EBITDAF beat the guidance midpointThe June 2024 One NZ consolidation distorts headline comparability while proportionate EBITDAF of $986m sits near the top of $960–1,000m guidance.Published 22 April 2026Read briefing→
Infratil (IFT)•HY25•Released 14 November 2024Revenue +33.3% but NPAT swung -118.1% against HY24 one-off gainUnderlying proportionate EBITDAF rose 7%, while operating cash conversion fell from 41.6% to 18.4% as capex stepped up 25.9%.Published 22 April 2026Read briefing→
Infratil (IFT)•FY24•Released 21 May 2024PBT up 55.4% but operating profit fell 47.9% on portfolio reshapeHeadline growth reflects a transformed asset base and a zero effective tax rate, while operating profit weakened and leverage stepped up sharply.Published 22 April 2026Read briefing→
Infratil (IFT)•HY24•Released 16 November 2023One NZ acquisition lifts revenue 112.9% but NPAT collapses 99.7% on disposalContinuing-operations net parent surplus of NZ$1,215.1m and 45% Proportionate EBITDAF growth tell the real underlying story.Published 22 April 2026Read briefing→
Infratil (IFT)•HY23•Released 15 November 2022Pre-lease FCF hit unprecedented -NZ$286.5m as cash conversion collapsedPBT rose 53.2% and the margin was a record, but operating cash outflow widened to -NZ$234.6m and the lifted dividend is uncovered by cash.Published 22 April 2026Read briefing→
Infratil (IFT)•FY22•Released 19 May 2022Discontinued-ops gain inflated NPAT; continuing PBT swung to NZ$128.5mA NZ$1.1b after-tax gain from discontinued operations dominates headline NPAT, so PBT recovering from a NZ$91.8m loss is the cleaner operating read.Published 22 April 2026Read briefing→
Infratil (IFT)•HY22•Released 12 November 2021Tilt sale delivered NZ$993.9m gain; continuing PBT up 214.2%The 3,787.1% NPAT jump is a disposal accounting outcome, not an operating result, and FY22 Proportionate EBITDAF guidance was trimmed at the top end.Published 22 April 2026Read briefing→
Infratil (IFT)•FY21•Released 19 May 2021Pacific Radiology Group acquisition adds context to Infratil's resultThe NZ$350m acquisition price from the Pacific Radiology Group acquisition is result context, not the main operating signal.Published 22 April 2026Read briefing→