Should I buy Infratil stock in 2025?

What is Infratil?

How much is the Infratil stock?

The price of Infratil stock is declining this week. As of now, IFT trades at NZD $10.55, reflecting a small 24-hour drop of 0.05% and a weekly decrease of 5.17%. Infratil’s market capitalisation stands at NZD $10.21 billion with a 3-month average daily volume of 1,183,958 shares. The company’s P/E ratio is not applicable due to negative earnings, but the forward P/E sits at 23.87. Dividend yield is 1.94%, while the stock’s beta of 0.20 points to low share price volatility. This combination of stability and ongoing sector growth makes Infratil worth watching for New Zealand investors seeking reliable infrastructure exposure.

Our full analysis on Infratil stock

After a thorough review of Infratil’s most recent financial results, long-term stock performance, and an integrated assessment of financial, technical, and sector data using proprietary models, the investment case for Infratil (IFT.NZ) as a strategic gateway into infrastructure and digital transformation is compelling. Over the past three years, Infratil has solidified its credentials as a diversified, growth-focused player with a resilient business model and expanding international reach. So, why might Infratil stock once again become a strategic entry point into the infrastructure and technology sectors for NZ investors heading into 2025?

Recent Performance and Market Context

Infratil’s current share price stands at NZD $10.55 (as of 30 May 2025), reflecting a period of measured consolidation following a volatile six months (-17.94%), yet producing a resilient +0.33% gain year-on-year. This is notable given broader market uncertainties and serves as evidence of Infratil’s defensive qualities. Despite a modest weekly contraction (-5.17%), the stock trades within a well-defined technical range, with strong support at NZD $10.50 and recent lows presenting a potential entry platform.

The past fiscal year has seen multiple positive developments boost sentiment:

• Robust financials: FY2025 revenue surged 19% year-over-year to NZD $3.85 billion, driven by sector-leading growth across digital infrastructure and renewables.
• Earnings resilience: Proportionate Operational EBITDAF grew 8.6% to NZD $986 million, beating the upper end of guidance—a signal of strong operational execution amidst market headwinds.
• Strategic developments: The Manawa Energy merger agreement and increased CDC Data Centres stake have elevated Infratil’s portfolio quality and growth potential.
• Enhanced visibility: Inclusion in the MSCI Global Standard and ASX300 indices has improved liquidity, diversified the shareholder base, and raised the company’s international profile.

Amidst an environment marked by an accelerating global commitment to energy transition, artificial intelligence, and digital infrastructure, Infratil’s positioning remains highly advantageous. The shifting macroeconomic context, characterised by easing local inflation and recovering capex appetite, underpins the demand for the essential infrastructure assets in which Infratil specialises.

Technical Analysis

From a technical perspective, Infratil displays some distinctly bullish alignments:

• Support and resistance: The NZD $10.50 level acts as a robust floor (tested in recent sessions) with the 52-week high at NZD $13.34, providing a defined upside target (+22.6% according to consensus).
• Momentum indicators: While the RSI has recently entered neutral territory, it sits just shy of oversold, suggesting latent upward potential. MACD crossovers hint at a possible short-term reversal from recent weakness, with longer-term moving averages remaining positively sloped over a three-year horizon.
• Trend structure: Despite temporary price declines, Infratil’s structure remains constructive. The stock has staged multiple recoveries from similar support zones, often preceding periods of meaningful appreciation.
• Low volatility: A 5-year beta of just 0.20 signals relatively low volatility—attractive for investors seeking growth exposure with measured risk.

In sum, current technical readings underscore a scenario in which Infratil may be entering a new consolidation-to-accumulation phase, reinforcing the view that the timing for capital deployment is becoming favourable.

Fundamental Analysis

The core investment premise for Infratil remains firmly grounded in superior fundamentals:

• Top-line expansion: Double-digit revenue growth (+19% YoY) underscores organic and acquisitive strength.
• Operational efficiency: EBITDAF of NZD $986 million and target guidance for FY2026 (NZD $1,000–$1,050 million) point to sustainable value accretion.
• Dividend growth: The 2.5% rise in the annual dividend (now 20.5 cents/share, 1.94% yield) reflects ongoing commitment to shareholder returns, further supported by a robust capital position.
• Valuation multiples: With a forward P/E of 23.87 and EV/EBITDA at 19.67, Infratil’s valuation compares favourably to global infrastructure leaders, especially given its exposure to AI, renewables, and healthcare—sectors priced at a significant growth premium globally.
• Portfolio quality and innovation: Infratil’s diversified set of businesses—CDC Data Centres (AI/backbone support), Longroad/Gurīn Energy (renewables), One NZ/EonFibre (digital), RHCNZ (healthcare)—provides both revenue breadth and structural resilience, with multiple levers for high-value growth.
• Geographical reach and partnerships: Cross-market presence (NZ, Australia, US, Asia, Europe), combined with major global technology relationships and strong regulatory positioning, positions Infratil at the nexus of global investment themes.
• Balance sheet strength: Ample liquidity, prudent gearing, and a long-asset lifecycle approach (30+ years) support both expansion and risk mitigation.

Together, these factors render Infratil’s valuation both justified and appealing for growth-focused capital.

Volume and Liquidity

• Sustained volume: Average daily volume remains above 1.18 million shares, highlighting consistent institutional and retail engagement. Recent index inclusions have further broadened the investor universe and reduced transaction spreads.
• Healthy free float: With 892.97 million shares freely tradeable, and a total equity base of 968.09 million shares, the stock remains accessible, ensuring responsive price discovery and the capacity to absorb larger buys or fund inflows.
• Impact on valuation: This liquidity is an important factor for dynamic market pricing, supporting a constructive risk/reward for new investors as well as facilitating tactical entries ahead of anticipated catalysts.

Catalysts and Positive Outlook

Several high-conviction catalysts enhance the justification for renewed interest:

• AI and data centre megatrends: CDC Data Centres is a core beneficiary of exponential AI infrastructure demand, a sector forecasted for multi-year expansion.
• Renewable energy leadership: Expanding exposures in solar, wind, and battery through Longroad and Gurīn Energy aim to capture surging investor and regulatory focus on climate and decarbonisation.
• Digital innovation: The ongoing One NZ B2B transformation and EonFibre expansion establish Infratil as a pivotal force in next-generation digital connectivity, aligning with surging bandwidth and cloud requirements.
• Healthcare growth: Active expansion in diagnostic imaging (RHCNZ, Qscan) leverages secular healthcare demand and shifting demographic trends.
• Strategic M&A: The Manawa Energy–Contact Energy merger and incremental CDC stake increase reinforce the company’s strategic discipline, value creation focus, and ability to execute on sector consolidation.
• ESG and sustainability: Sustainability leadership and compliance with global standards drive incremental demand from ESG-focused investors, reinforcing Infratil’s premium market status.
• Guidance and capital programme: The NZD $2.2–$2.6 billion FY2026 capex plan and raised EBITDAF guidance further solidify the outlook for above-trend revenue and margin gains.

Collectively, these catalysts create a context where short- and medium-term re-rating seems likely, and long-term potential remains significant.

Investment Strategies

Given current conditions, multiple strategies could appeal to investors:

• Short-term entry: Buying near support (NZD $10.50) offers an advantageous risk/reward with near-term technical catalysts (potential MACD/RSI reversals) and an approaching ex-dividend date (11 June 2025) enhancing appeal for those seeking income.
• Medium-term positioning: Participation ahead of or alongside major events (final dividend payment in early July, anticipated capital deployment and project announcements) allows investors to gain exposure to upcoming positive news flow.
• Long-term accumulation: For investors prioritising stable, compounding returns from infrastructure assets, continuous build-up at or below market consensus (NZD $12.94 target) secures exposure to megatrends in AI, renewables, and healthcare, delivered via best-in-class platforms.

A staged approach—deploying capital around current lows and incrementally on technical confirmations or fresh catalysts—may help optimise portfolio allocation and reduce market timing risk.

Is It the Right Time to Buy Infratil?

In summary, Infratil exhibits a powerful combination of strengths:

• Resilient financial performance: Market-leading revenue and EBITDAF growth, even in a volatile macro backdrop.
• Attractive growth pipeline: Multi-faceted expansion in AI infrastructure, renewables, digital transformation, and healthcare.
• Technical positioning: Stock at or near established technical support, with ample scope for an upward move toward consensus valuation.
• Structural and strategic advantages: Diversification, robust governance, and future-proofed asset exposure.
• Market confidence: Strong trading volumes, index inclusions, and positive analyst expectations suggest growing institutional conviction.

Given the backdrop of accelerating demand for infrastructure, digitalisation, and clean energy—supported by Infratil’s sector leadership and forward guidance—the current environment seems to represent an excellent opportunity for investors looking to increase exposure to long-term growth themes within New Zealand’s dynamic market. The convergence of technical support, fundamental momentum, and visible growth catalysts justifies renewed and serious consideration of Infratil as a cornerstone holding in diversified portfolios.

Infratil stands at the intersection of essential infrastructure and digital innovation—a position that may well drive a new bullish phase for the stock as we move into FY2026 and beyond.

How to buy Infratil stock in New Zealand?

Buying Infratil shares online is straightforward, secure, and accessible for all NZ investors through regulated brokers. There are two main options: a “spot” or cash purchase of actual IFT shares, or trading Contracts for Difference (CFDs) to speculate on the share price without owning the underlying stock. Both methods can be accessed in a few clicks, letting you tailor your investment approach, whether seeking long-term holdings or short-term moves. Below, you’ll find a clear comparison of local and international brokers to help you choose the one that best fits your needs.

Spot Buying

With spot buying, you purchase real Infratil (IFT) shares through a regulated broker on the NZX. This means you become an actual shareholder, with rights to dividends and voting. Typical fees for NZ investors are transparent, usually a fixed commission per trade—commonly in the $3 to $15 NZD range, depending on the broker.

Example

Suppose the current share price of Infratil is NZD $10.55. With a $1,000 investment, after allowing for a $5 brokerage fee, you can buy about 94 shares ($995 / $10.55 = 94 shares).
✔️ Gain scenario:
If the price rises by 10%, your shares are now worth $1,100.
Result: That’s a +$100 gross gain, or +10% on your investment.

CFD Trading

CFD trading lets you speculate on Infratil’s price movements without owning the actual shares. You open a position by putting down a portion of the trade value (margin), and can use leverage to amplify your exposure. CFD fees are different from spot buying: you’ll pay a “spread” (the difference between buy and sell prices), and, if you hold overnight, a daily financing fee. This approach can magnify gains but also risks.

Example

You open a CFD position on Infratil with $1,000 using 5x leverage.
This means you have market exposure of $5,000 ($1,000 × 5).
✔️ Gain scenario:
If the stock rises by 8%, your return is 8% × 5 = 40%.
Result: That’s a $400 gain on your original $1,000 margin (before fees and borrowing costs).

Final Advice

Before you invest, be sure to compare the fees, available features, and conditions from various brokers—whether you choose spot buying or CFD trading. The best option for you will depend on your investment horizon, risk appetite, and whether you wish to own the shares or simply trade the price. You’ll find a detailed broker comparison further down the page to help you make an informed, confident choice.

Our 7 tips for buying Infratil stock

The latest news about Infratil

Infratil’s FY2025 results exceeded guidance, with EBITDAF up 8.6% driven by strong asset contributions. In the financial results announced for the year ended March 31, 2025, Infratil reported Proportionate Operational EBITDAF of NZD $986 million, at the higher end of its NZD $960–$1,000 million guidance. This robust performance reflected particularly strong contributions from CDC Data Centres, telecommunications provider One NZ, Wellington Airport, and RetireAustralia, underscoring the benefits of portfolio diversification and strategic asset management in both domestic and regional markets.

Infratil’s annual revenue jumped 19%, underpinned by consistent infrastructure portfolio growth. Revenue reached NZD $3.85 billion—an increase of 19% from FY2024—demonstrating the enduring expansion across Infratil’s infrastructure platforms, notably in sectors aligned with New Zealand’s critical needs such as data centres, renewable energy, and digital transformation. This growth supports both continued reinvestment in domestic operations and strengthens the company’s relevance within vital NZ economic sectors.

The recent merger agreement involving Manawa Energy and Contact Energy marks a major domestic sector milestone. Infratil secured an agreement to merge its Manawa Energy stake into Contact Energy at an attractive valuation, which is expected to streamline the renewable energy sector and better position the combined entity to support New Zealand’s energy transition. This deal places Infratil at the heart of local decarbonisation efforts and underlines its strategic focus on long-term, high-impact energy infrastructure investment.

Index inclusions have elevated Infratil’s profile with domestic and global investors. Over the past week, Infratil was added to the MSCI Global Standard Index and the Australian ASX300 index. These inclusions are significant for New Zealand-based stakeholders and institutional investors, as they increase global visibility, potentially improve share liquidity, and reflect the recognition of Infratil’s market capitalization and governance standards in international benchmarks.

Dividend growth continues, with a 2.5% increase and an upcoming ex-dividend date in June 2025. The Board declared a final FY2025 dividend of 13.25 cents per share, taking the total annual dividend to 20.50 cents per share, up 2.5% on the prior year. The ex-dividend date is set for June 11, 2025, and payment is scheduled for July 2, 2025, providing ongoing and rising income streams for New Zealand-based investors and affirming management’s positive outlook and confidence in future cash flow generation.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.