• 14% share of global seaborne metallurgical coal exports in 2024
• 84.2Mt of fully contracted volume on a 100% take or pay basis
• $429.6m of capital projects completed or underway

Dalrymple Bay Infrastructure (DBI) released its 2025 Full Year Financial Results, reporting a 5.2% increase in EBITDA to $294.3m and a 10.6% increase in FFO to $173.3m. The company also announced a 11.9% increase in distributions to 24.625cps. DBI continues to drive a broad range of initiatives delivering improved returns for securityholders, including capacity optimisation, cost management, and financing initiatives. The capital allocation review resulted in a step change increase in distribution guidance, with the target distribution payout ratio increased to the upper end of the 60-80% range. The company also completed a $1.07bn debt refinancing, delivering significant long-term benefits beyond the direct $75m reduction in interest costs through to 2030. DBI remains focused on providing safe and efficient terminal infrastructure and services for producers and consumers of high-quality Australian metallurgical coal exports.

DBI expects to deliver a step change uplift in distribution guidance for TY-25/26 to 26.375cps, representing a 7.7% increase on prior guidance and a 22% increase over the past two TIC years, while maintaining leverage consistent with FY-23 levels.

DBI anticipates the uplift in TIC revenue in TY-26/27, driven by the NECAP program, lower interest costs, and greater utilisation of debt to fund future NECAP, will provide opportunities for further growing the rebased distribution in future years. The company will provide TY-26/27 distribution guidance at its AGM in May 2026.