Global Data Centre Group (ASX: $GDC) Half-Year Financial Report

Global Data Centre Group (ASX: $GDC) has released its Appendix 4D for the half-year ended 31 December 2023. The Group reported a statutory net profit of $23.0 million, with an operating EBITDA of $4.8 million, representing an increase from the prior period due to higher deployment of capital into EBITDA generating assets within the Etix Everywhere business. The Group's balance sheet as at 31 December 2023 had total assets of $210.7 million.

Executive Commentary on Half-Year Performance

The Group's operating EBITDA of $4.8 million for the half-year reflects our continued focus on deploying capital into EBITDA generating assets, particularly through the acquisition of zColo France and the increase in MW operating capacity to 11MW. The increase in statutory net profit was impacted by a one-off gain on deemed disposal of Etix Everywhere through dilution and deconsolidation for $26.9 million. Our investment strategy aims to provide unitholders with income and capital returns from investing in a diverse portfolio of data centre assets, and we remain committed to optimising value for securityholders through active management of our investments in digital infrastructure assets. The shift to a value realisation strategy will guide our approach in the medium term, focusing on realising the value of the Group's assets through asset disposals, subject to market conditions. We continue to monitor the capital markets for potential capital management initiatives and remain focused on our commitment to securityholders.

Summary of Half-Year Financial Report

Global Data Centre Group (ASX: $GDC) reported a statutory net profit of $23.0 million for the half-year ended 31 December 2023, with an operating EBITDA of $4.8 million. The increase in net tangible asset per security primarily reflects the deconsolidation of Etix Everywhere and its associated intangible assets, recognizing that investment as an investment in associate which now forms part of the Group's NTA. The Group's investment strategy aims to provide unitholders with income and capital returns from investing in a diverse portfolio of data centre assets. The Group's shift to a value realisation strategy will guide its approach in the medium term, focusing on realising the value of the Group's assets through asset disposals, subject to market conditions. The Group continues to monitor the capital markets for potential capital management initiatives and remains committed to optimizing value for securityholders.