• Statutory net profit of $75.1 million, up 226% from prior period
• Successful execution of asset realisation strategy, with all assets disposed
• Initial $154.5 million distribution paid to unitholders in November 2024

Global Data Centre Group (ASX: GDC) has reported strong financial results for the half year ended 31 December 2024, with a statutory net profit of $75.1 million, up 226% from the prior corresponding period. This was driven by the successful execution of the company's asset realisation strategy, which saw the disposal of all of its investments, including the sale of its stake in Etix Everywhere for $175.6 million and its indirect interest in AirTrunk for $123.9 million. The net proceeds from these disposals were used to make an initial $154.5 million distribution to unitholders in November 2024. The company's balance sheet as at 31 December 2024 had total assets of $151.0 million. Global Data Centre Operations Fund (GDCOF), a stapled entity, reported a statutory net profit of $53.0 million for the period. The company's securities were suspended from quotation on the ASX on 20 November 2024 after the ASX concluded that GDC no longer had a sufficient level of operations in accordance with the ASX Listing Rules. The company is now focused on completing the wind-up process and distributing the remaining proceeds to unitholders.

The disposal proceeds from GDC's final investment were received on 24 December 2024. A detailed assessment of any retention requirements and future wind-up costs will need to be undertaken before any announcement on the timing and value of the distribution of proceeds from this final disposal.