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Cordiant Digital Infrastructure Ltd on Thursday reported ‘significant progress’ with key portfolio initiatives in its first quarter, as aggregate portfolio earnings rose. Cordiant Digital is a UK-based investor in specialist digital infrastructure, managed by Cordiant Capital Inc. Cordiant Digital said aggregate portfolio company earnings before interest, tax, depreciation and amortisation rose 9.6% on-year to £41.3 million in the first quarter of the financial year to March 31 2026, on a constant currency, pro forma basis. The company credited this improvement to a mix of contract wins, cost control and beneficial effects on revenue from contractual ‘and other price escalators.’ It also noted a positive impact from the November portfolio addition of Datacenter United. Aggregate portfolio company revenue advanced 9.0% to £85.3 million, said Cordiant Digital, also on a constant currency, pro forma basis. The company noted that its target dividend of 4.35 pence per share is 4.7x covered by Ebitda, and 1.7x covered by adjusted funds from operations. Shares in Cordiant Digital were up 2.6% at 96.20 pence on Thursday afternoon in London. The company also reported ‘significant progress’ across key portfolio initiatives, such as Speed Fibre’s acquisition of BT Communications Ireland Ltd in September. It also noted the securing by CRA of the final building permit for its flagship 26-megawatt data centre development Prague Gateway, with groundworks having begun in July. ‘The board is encouraged by the company’s continued strong operational progress since its IPO in February 2021. Portfolio performance remains robust, with revenue and Ebitda growth clearly reflecting the investment manager’s active and disciplined approach,’ said Cordiant Digital Chair Shonaid Jemmett-Page. ‘Despite this, the board remains disappointed by the current share price, which continues to trade at an unjustified discount to NAV. We believe that this discount does not reflect the Company’s solid fundamentals and growth trajectory. As market conditions stabilise, we are optimistic that the Company’s value will be more accurately recognised by the market,’ continued Jemmett-Page. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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