New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>Infratil (IFT) announced that CDC has secured what could be a significant partnership with neo-cloud provider Firmus Technologies and NVIDIA.</li><li>With this 40MW contract being in addition to the 100MW of contracts announced in September 2025, we estimate CDC is now &gt;100% contracted on its FY27 EBITDA target.</li><li>In the past 48 hours, Aligned Data Centres, a large US-based data centre company, sold for US$40bn (enterprise value).</li></ul>

Infratil (IFT) announced that CDC has secured what could be a significant partnership with neo-cloud provider Firmus Technologies and NVIDIA.With this 40MW contract being in addition to the 100MW of contracts announced in September 2025, we estimate CDC is now &gt;100% contracted on its FY27 EBITDA target.In the past 48 hours, Aligned Data Centres, a large US-based data centre company, sold for US$40bn (enterprise value).

Infratil

Infratil Plugging Into The AI Surge