Infratil Limited (IFT)

NZX-listed Utilities company — share price, dividends, financials, board of directors and governance score.

Infratil Limited (NZX:IFT) last traded at $13.66 on 11 Nov 2026, a market capitalisation of $13.07B NZD, a board of 7 directors chaired by Anne June Urlwin and a Governance Risk Score of 89/100.

Infratil is a long-term infrastructure investor owning and operating renewable energy, data centers, healthcare, and transport infrastructure assets across New Zealand, Australia, the United States, and Asia-Pacific.

Share price
$13.66+1.34%
Market cap
$13.07BNZD
P/E ratio
20.9
Dividend yield
1.53%trailing 12m
Return on equity
6.7%
Governance score
89/100Excellent
Board size
786% independent
Last dividend
13.65cFY2026

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Held by NZ managed funds

Sub-substantial fund positions — invisible in NZX SSH data, visible here. Sourced from each fund's Quarterly Fund Update on the FMA Disclose register.

Funds holding IFT
16
Distinct managers
4
Heaviest weight
14.67%

+ 11 more funds hold IFT. Full breakdown and coverage

How Infratil Limited makes money — FY2026

Revenue $3.0b · EBITDA $989.0m (32.5% of revenue) · Net profit $574.3m (18.9% of revenue)

Infratil Limited (IFT) FY2026: where revenue of $3.0b wentRevenue → EBITDA: $989.0mRevenue → Operating costs (net of other income): $2.1bEBITDA → EBIT: $408.6mEBITDA → Depreciation & amortisation: $580.4mEBIT → Net profit: $408.6mIncome tax credit → Net profit: $138.9mOther items (net gain) → Net profit: $26.8mOther items (net gain) → Interest: $459.0mRevenue: $3.0bRevenue$3.0bEBITDA: $989.0mEBITDA$989.0mOperating costs (net of other income): $2.1b (derived)Operating costs (net ofother income)$2.1b · derivedEBIT: $408.6m (derived)EBIT$408.6m · derivedDepreciation & amortisation: $580.4mDepreciation &amortisation$580.4mIncome tax credit: $138.9mIncome tax credit$138.9mOther items (net gain): $485.8m (balancing item)Other items (net gain)$485.8m · balancingNet profit: $574.3mNet profit$574.3mInterest: $459.0mInterest$459.0m

Band widths are proportional to NZD amounts. Dashed outlines mark derived figures; the hatched node is a balancing item (net profit less every line above it).

Infratil Limited FY2026 figures used in the chart
FY2026AmountStatusNote
Revenue$3.0bReported
Operating costs (net of other income)−$2.1bDerived *Reported operating expenses $1,509.4m do not reconcile; not used.
EBITDA$989.0mReported
Depreciation & amortisation−$580.4mReported
EBIT$408.6mDerived *
Interest (net finance costs)−$459.0mReported
Income tax credit+$138.9mReported
Other items (net gain)+$485.8mBalancing item *Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised.
Net profit$574.3mReported
  • * ebit: $408.6m = EBITDA − D&A
  • * operating costs: $2.1b = Revenue − EBITDA

Figures extracted automatically from the annual report; check against the report. NZD thousands as stored, shown in millions. Source: annual_report_pdf · method: claude_haiku_pdf · extracted 5 July 2026.

Annual report: UPDATED FY2026 Annual Report (PDF, NZX)

Every charted year for IFT, with checks

Infratil Limited board of directors

7 current directors, 86% independent, average tenure 7.1 years.

DirectorRoleIndependentAppointedTenureCommittees
Anne June UrlwinChairYes20233.9 yrs—
Kirsty MactaggartIndependent DirectorYes20197.5 yrs—
Peter SpringfordIndependent DirectorYes201610.0 yrs—
Paul GoughIndependent DirectorYes201213.9 yrs—
Jason BoyesNon-Independent DirectorNo20215.6 yrs—
Alison Rosemary GerryIndependent DirectorYes20224.5 yrsAudit & Risk Committee (Chair)
Andrew ClarkIndependent DirectorYes20224.4 yrs—

IFT governance score breakdown

Infratil Limited scores 89/100 (Good) on the NZXplorer Governance Risk Score for FY2026, based on 63% data coverage. See the GRS methodology.

Board structure
25/25
Shareholder rights
20/20
Executive remuneration
0/0

IFT dividends

The most recent Infratil Limited dividend on record is 13.65 cents per share, for FY2026 (final), 0% imputed, ex-dividend 9 Jun 2026, paid 29 Jun 2026.

Infratil Limited largest shareholders

Top 10 registered holders of IFT as disclosed for FY2025. Registry holdings include custodians and nominees, which may hold on behalf of many underlying investors.

#HolderHolding
1HSBC Nominees (New Zealand) Limited8.46%
2BNP Paribas Nominees NZ Limited Bpss406.01%
3HSBC Nominees (New Zealand) Limited5.91%
4JPMORGAN Chase Bank5.35%
5Citibank Nominees (NZ) Ltd5.05%
6Tea Custodians Limited4.85%
7Custodial Services Limited4.66%
8Forsyth Barr Custodians Limited3.84%
9Accident Compensation Corporation3.18%
10FNZ Custodians Limited2.94%

Recent IFT NZX announcements

The 10 most recent filings by Infratil Limited to the NZX.

Infratil Limited (IFT) — frequently asked questions

What does Infratil Limited do?

Infratil is a long-term infrastructure investor owning and operating renewable energy, data centers, healthcare, and transport infrastructure assets across New Zealand, Australia, the United States, and Asia-Pacific. Infratil Limited is listed on the NZX under the ticker IFT, in the Utilities sector.

What is the Infratil Limited (IFT) share price?

Infratil Limited (NZX:IFT) shares closed at $13.66 on 11 November 2026, up 1.34% on the previous close. At that price its market capitalisation was about $13.65 billion, based on 999,312,470 shares on issue as at 31 March 2025.

Who are the directors of Infratil Limited?

Infratil Limited has 7 current directors: Anne June Urlwin (Chair), Kirsty Mactaggart (Independent Director), Peter Springford (Independent Director), Paul Gough (Independent Director), Jason Boyes (Non-Independent Director), Alison Rosemary Gerry (Independent Director) and Andrew Clark (Independent Director). 6 of the 7 are recorded as independent (86%). Average board tenure is 7.1 years.

Who is the chair of Infratil Limited?

Anne June Urlwin chairs the Infratil Limited board, and has been a director since 2023.

What was Infratil Limited's most recent dividend?

The most recent Infratil Limited dividend on record is 13.65 cents per share for FY2026 (final), 0% imputed, ex-dividend 9 June 2026, paid 29 June 2026.

What is Infratil Limited's dividend yield?

Infratil Limited's trailing 12-month dividend yield is 1.53%, as at 11 November 2026. That is 20.90 cents per share of ordinary dividends with an ex-date in the 12 months to 12 November 2026, divided by the 11 November 2026 closing price of $13.66. Special dividends are excluded.

Who are the largest shareholders of Infratil Limited?

The largest registered holder of IFT shares in the FY2025 top-20 register was HSBC Nominees (New Zealand) Limited, with 8.46%, followed by BNP Paribas Nominees NZ Limited Bpss40 (6.01%) and HSBC Nominees (New Zealand) Limited (5.91%). Custodians and nominees on the register hold shares on behalf of other investors.

What is Infratil Limited's governance score?

Infratil Limited has an NZXplorer Governance Risk Score of 89/100 (Good) for FY2026, based on 63% data coverage.

When was the last Infratil Limited annual meeting?

The most recent Infratil Limited annual meeting on record was held on 18 August 2026.

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