Companies / IFT

INFRATIL LIMITED.

ASX:IFTCapital Goods
1.00B shares on issueASX (delayed) · snapshot 28 Oct 20261.00B fully diluted+0.0% if every option and right converts$9.95price · delayed$10.07BMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.
Minimal
Dilution risk

2 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwaycash-generative (no net burn)
Share-count growth (24m)3.7%
Raise cadence (24m)2 cash raises
Options & rights overhang0.0% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

INFRATIL LIMITED's ordinary share count rose 3.7% between July 2024 and June 2026, its latest share-count filing, to 1.00B shares. The company raised capital twice in the past 24 months, for total proceeds of A$300.0M, the most recent being a A$200.0M Capital Bonds Offer in May 2026. The company's latest cash report is a 12-month half-year/annual report (Appendix 4D/4E) that shows non-negative net cash flow, so no funding-runway estimate is applicable. No options or rights on issue are recorded, and there are no pending proposed securities issues.

AI-generated summary of this page's cited filings · updated 17 Oct 2026
Quick answers · 3

When did IFT last raise capital?

The last capital raise in Infratil's filings is Capital Bonds Offer of $200.0M announced 26 May 2026, one of 2 cash raises in 24 months.

How much placement capacity does IFT have left?

None of the 15% placement capacity counted as used in the last 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.

How much has IFT's share count grown?

Infratil has 1.00B shares on issue as at 28 Oct 2026, up 3.7% over 24 months according to its Appendix 2A filings.

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0.0%
Options & rights overhang
0.0%
In the moneyAn option whose exercise price is below the last closing share price, so converting it pays. These are the options most likely to become new shares soon. supply
1
Raises · last 12 months
No net burn
Cash cover · cash-generative

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 1.00B per ASX (delayed) (snapshot 28 Oct 2026).
0.97B0.98B0.99B1.00BDec 24Nov 25Oct 26Cash raise · 26 May 2026Cash raise · 4 June 20251.00B

Cash runway

—
The latest annual report shows no net cash burn, so there is no cash-out date.
$260.7M cash after burn · operating cash flow only.
FILED $260.7M cash · year ended 31 Mar 2026
OURS our estimate, carried to todayOURSOur estimate for today. We take the cash in the company’s latest cash report, deduct spending since at its reported rate, and, for quarterly filers, add raises announced after it. It moves daily; announced money may not all be received yet.$260.7M cash at 31 Mar 2026 = $260.7M left (no net burn, so nothing is deducted)FILED as the company reportedFILEDAs the company stated it in its latest cash report. Dated to the end of that period, it does not change until the next report.
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1 cash report on record — Cash runway history
Cash, net spend and cover trend from every Appendix 4C/5B and 4D/4E on record up to 31 Mar 2026.
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Issuance timeline

Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
29 June 20262A · quoted issueIFT : ORDINARY FULLY PAID FOREIGN EXEMPT NZX1.00BAppendix 2A
16 Dec 20252A · quoted issueIFT : ORDINARY FULLY PAID FOREIGN EXEMPT NZX999.3MAppendix 2A
21 Oct 20252A · quoted issueIFT : ORDINARY FULLY PAID FOREIGN EXEMPT NZX997.2MAppendix 2A
2 July 20252A · quoted issueIFT : ORDINARY FULLY PAID FOREIGN EXEMPT NZX979.6MAppendix 2A
5 June 20252A · quoted issueIFT : ORDINARY FULLY PAID FOREIGN EXEMPT NZX975.8MAppendix 2A
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10 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Securities on issue over time

Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.

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Securities on issue, by class
How the share count and each option and rights class moved, month by month, with every number in a table.
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Capital raises

2 cash raises in the last 24 months · 1 in the last 12 months

every 11.7 monthsaverage gap between raises
5.1 monthssince the most recent
4 June 2025 – 26 May 2026first to most recent in this window
$200.0M
Capital Bonds Offer
26 May 2026
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4 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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Forward supply

Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.

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Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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Placement capacity

How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.

No Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-10-28).
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

No options or rights over unissued shares on record.

Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
14 July 2025Jason BoyesBuy on-market——243$3k3Y notice
14 July 2025Jason BoyesBuy on-market22k——$244k3Y notice
14 July 2025Jason BoyesBuy on-market23k——$251k3Y notice
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11 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.