Dalrymple Bay Infrastructure (ASX:DBI) has released its financial results for the full year ended Dec. 31, 2025 reporting growth across key earnings metrics and an updated distribution guidance following a capital allocation review.
The group recorded a terminal infrastructure charge revenue of $307.6 million, representing a 3.9% increase over the previous year.
EBITDA rose by 5.2% to $294.3 million, while statutory net profit after tax was $29.2 million. funds from operations saw a 10.6% uplift to $173.3 million.
During the period, DBI achieved financial close on $1.07 billion in new loan facilities to repay existing debt and cancel revolving credit facilities.
As of year-end, net debt stood at approximately $1.98 billion, with the company's investment-grade balance sheet reaffirmed.
Shareholders are set to receive a Q4-25 distribution of 6.75 cents per security, payable on March 19.
This brings the total FY25 distribution to 24.6 cents per security, an 11.9% increase on FY24.
Following its capital allocation review, DBI intends to increase debt utilisation for non-expansion capital expenditure and target a distribution payout ratio at the upper end of its 60-80% FFO target band.
The company raised its TY-25/26 distribution guidance to 26.4 cents per security, a 7.7% increase from prior guidance.
The group targets annual distribution growth of 3-7%, subject to market conditions and business developments.
At the time of reporting, Dalrymple Bay Infrastructure's share price was $5.43.