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Key points:
Centuria Capital targets 14% profit growth in FY27, backed by a strengthened balance sheet Huljich highlights expanding AI data centre and GPU-led compute platform via Reset Data Strong investor demand cited for agriculture, industrial and Sydney CBD office assets
Centuria Capital Group reports what Jason Huljich describes as a “really solid” FY26, with operating profit up 11.5% to $113.8 million and assets under management at $22.2 billion. Huljich highlights $1.2 billion of acquisitions, including a major industrial facility in Melbourne, a large hydroponic glasshouse for its agriculture fund, and a 50% share of 680 George Street, World Square in Sydney. A June equity raising leaves around $445 million in cash and undrawn debt, which Huljich sees as supporting further large-scale transactions and a targeted 14% lift in operating profit in FY27.
Huljich focuses on Centuria’s push into data centres and “AI factories”, centred on a 50% stake in Reset Data, one of three Nvidia cloud partners in Australia. He notes strong incoming demand for compute capacity, particularly from offshore clients, and points to a pipeline of facilities across Centuria’s 400-asset portfolio where power can be secured for data centre development. Reset Data is currently loss-making, but Huljich expects that to reverse as newly ordered GPUs are deployed and sold to end customers.
On risk, Huljich points to selective site choice and energy solutions to address community and regulatory concerns. He sees property funds management, agriculture assets, Port Adelaide industrial property and Sydney CBD office (including World Square) as ongoing growth drivers, while expressing confidence in Centuria’s $2.5 billion real estate credit book and its collateralised exposure to the troubled Badgerys Creek-focused developer, Bathla Group.
