The Rs500 crore quarterly distribution includes Rs1.96 per unit as interest, Rs0.32 as dividend, Rs1.46 as repayment of SPV loan, and Rs0.01 as treasury income. The record date for the distribution is June 2, 2025, and the payout will be made by or before June 9, 2025.
Cube InvIT’s total consolidated income rose to Rs3,453 crore in FY25, marking a 12.3% year-on-year increase. Consolidated EBITDA stood at Rs2,380 crore, reflecting a 21.7% growth over FY24. The annual distribution for the fiscal year amounted to Rs1,468 crore, up from Rs1,306 crore in FY24.
Pankaj Vasani, Group CFO of Cube InvIT, noted the trust’s financial and operational growth: “Cube Highways Trust concluded its second financial year post-listing on a strong note, reporting a total consolidated income of Rs 3,453 crore - a 12.3% YoY increase - and a consolidated EBITDA of Rs 2,380 crore, reflecting a robust 21.7% YoY growth. The Trust declared an annual distribution of Rs 1,468 crore for FY25. During the year, traffic volumes grew by 6.2% while the Asset Under Management (AUM) grew 25% to Rs 32,266 crore as of March 31, 2025. The Net Debt to Enterprise Value ratio was maintained at 44.65%, offering ample headroom for future growth. As we enter the third year, we remain well-positioned to leverage our strong fundamentals and sustain the positive momentum."
The annual DPU of Rs11 per unit includes Rs5.71 as interest, Rs0.55 as dividend, Rs4.71 as SPV loan repayment, and Rs0.03 as treasury income. This compares to an annual DPU of Rs10.09 for FY24.
Commenting on strategic expansion, Vinay Sekar, CEO of Cube InvIT, said, "Our performance in FY25 reflects the leadership position we enjoy amongst InvITs in India. Our diversified highway portfolio continues to deliver strong and predictable traffic growth and continues to receive accolades for its O&M quality. We have successfully executed our strategy of deploying our debt capacity by acquiring seven road assets and, in addition, have executed binding Share Purchase Agreements (SPAs) for two additional acquisitions. These acquisitions are accretive to unitholder yields and value and will simultaneously de-risk the portfolio."
As the trust moves into its third-year post-listing, it appears well-placed to continue strengthening its portfolio and investor returns.
