Digital 9 Infrastructure PLC announced its final results for the full year ended 31 December 2025, highlighting progress in its managed wind-down strategy. Key points include
**Material Disposals**Completed three significant disposals (EMIC-1, SeaEdge UK1, and Aqua Comms) generating £76.7 million, enabling full repayment of the revolving credit facility (RCF) and strengthening liquidity.
**Post-Year-End Settlement**Agreed to an early £10 million settlement of the Verne Global earn-out, increasing certainty for capital returns.
**Compulsory Redemption**Approved a compulsory redemption of shares equivalent to 3.5 pence per share, expected by end of April 2026.
**Net Asset Value (NAV)**NAV per share decreased to 9.3 pence (from 34.4 pence in 2024) due to disposals, revaluations, and updated assumptions.
**Portfolio Simplification**Portfolio now comprises two assets: Arqiva and Elio Networks, focusing on maximising value and orderly capital return.
**Arqiva and Elio Performance**Arqiva performed broadly in line with expectations, while Elio Networks delivered strong revenue and EBITDA growth.
**Valuation Adjustments**Arqivas valuation was reassessed to nil equity value due to leverage and updated assumptions.
**Liquidity Position**Ended the year with a positive net cash position, reducing financial risk and providing flexibility for further capital returns.
**Future Focus**Emphasis on managing Arqiva and Elio to maximise value and support orderly capital return to shareholders.
The company remains committed to its managed wind-down strategy, aiming to balance value maximisation with timely capital returns to shareholders.