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Cordiant Digital Infrastructure Ltd on Tuesday reported a rise in its net asset value per share as it hailed a ‘robust portfolio performance’ in its interim results. NAV total return was 10% for the six months to September 30, which is ahead of its 9% annual target. The total return for the same period a year ago was 5.4%. The UK-based investor in specialist digital infrastructure, managed by Cordiant Capital Inc, said NAV per share stood at 140.0 pence on September 30, up 13% from 124.4p a year ago. The company said this was largely driven by growth in its portfolio companies’ earnings before interest, taxes, depreciation, and amortisation. Aggregate portfolio company Ebitda for the period grew 5.4%, or 6.5% on a pro forma, constant currency basis, to £81.6 million from £77.4 million. ‘The robust performance of our portfolio has continued to be a key driver of the company’s results, with portfolio companies tracking to budget year-to-date,’ the company said. The company noted that its portfolio’s largest geographic exposure is Poland, generating 37% of revenue. Cordiant Digital Infrastructure reported an interim dividend of 2.175p, up from 2.1p a year prior. As of September 30, there was a discount of 31.4% to the company’s NAV, compared to 30.5% on that same day a year ago. Cordiant Digital Infrastructure said it ‘remains disappointed’ with the discount to NAV and views the ‘causes of this as being predominately macroeconomic factors’. Looking ahead, Cordiant Digital Infrastructure said: ‘The underlying strengths of our business model, the resilience of our portfolio companies and the structural growth in the sector, combined with the attractiveness of our core markets, give the board confidence as we look ahead to the remainder of the financial year.’ ‘The board believes the valuation gap remains unwarranted considering the company’s ongoing performance and strong prospects. The company is well placed to continue its proven capital allocation strategy in support of shareholder returns through its Buy, Build & Grow model,’ Chair Shonaid Jemmett-Page said. Shares in Cordiant Digital Infrastructure rose 4.6% to 102.75 pence on Tuesday afternoon in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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