Highlights

• Dalrymple Bay Infrastructure delivered higher H1 2026 revenue and profit, supported by increased terminal activity despite significant rainfall early in the period.
• Operating cash flow strengthened materially, while the Group continued investing in major sustaining-capital projects at the Dalrymple Bay Terminal.
• Management maintained its TY26/27 distribution guidance, supported by a higher Terminal Infrastructure Charge and continued quarterly distributions.

H1 2026 Earnings Move Higher

Dalrymple Bay Infrastructure Limited (ASX: DBI) released its Half Year Financial Report on 24 August 2026, covering the six months ended 30 June 2026. The Queensland-based terminal infrastructure operator reported improved revenue, profitability and operating cash generation during the period.

Revenue from ordinary activities increased 9.5% to AU$434.2 million, compared to AU$396.4 million in the prior corresponding period. Net profit attributable to securityholders rose 14.2% to AU$49.2 million, from AU$43.1 million. Non-statutory EBITDA reached AU$150.5 million, compared to AU$143.8 million a year earlier.

Terminal Volumes Remain Resilient

Dalrymple Bay Terminal exported 28.45 million tonnes of coal during the half, improving from 27.6 million tonnes in H1 2025 despite heavy rainfall affecting early-period throughput. Approximately 84% of revenue was linked to mines predominantly shipping metallurgical coal. Japan, South Korea, India, Vietnam and China collectively represented about 75% of exports.

Cash Flow and Funding Position Develop

Net operating cash inflow increased to AU$128.68 million, compared to AU$68.06 million in the previous corresponding period. During March, DBI issued AU$350 million of five-year notes carrying a fixed 6.234% coupon and subsequently repaid a AU$250 million syndicated term facility.

Capital Investment Supports Future Revenue

Committed Non-Expansionary Capital Expenditure projects totalled approximately AU$370.6 million at 30 June 2026. Construction of Shiploader SL1A and Reclaimer RL4 remained on schedule for commissioning by the end of 2026, with forecast project costs of AU$165.4 million and AU$115.6 million, respectively.

Distribution Guidance Maintained

DBI approved a 6.75-cent-per-security Q2-26 distribution, which was paid on 17 September 2026. For TY26/27, the company maintained distribution guidance of 28.62 cents per security, an 8.5% increase from TY25/26, alongside a Terminal Infrastructure Charge of AU$4.02 per tonne.

Note- All data presented is based on information available at the time of writing.

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