New
Delhi, February 03, 2025 : Cube Highways Trust (“Cube InvIT”) [NSE/BSE:
CUBEINVIT/543899], managed by Cube Highways Fund Advisors Pvt. Ltd. (the
"Investment Manager"), has announced its results for the nine-month period ended December
31, 2024. The total consolidated income for the period stood at ₹ 25,746.21mn, while
the consolidated EBITDA for the period was ₹18,069.21mn.
The Board of Directors
of the Investment Manager has declared a Distribution Per Unit (“DPU”) of ₹ 3.25 to ordinary unitholders for the 3rd
quarter of FY 2024-25, amounting to
a total distribution of ₹ 4,336.96mn. The record date for the distribution is
February 4, 2025, and the distribution payment will be made on or before
February 11, 2025.
Pankaj Vasani,
Group CFO of Cube InvIT,
stated: “We are delighted
to deliver yet another quarter
of robust business performance,
spotlighted by consistent returns and resolute
allegiance to excellence in cost leadership and corporate governance. Revenue and EBITDA grew by 14.04% and 25.22% YoY, respectively. Reflecting our dedication to driving stable value for our investors, we are declaring a DPU of
₹3.25, comprising ₹1.44 per unit as
interest and ₹1.81 per unit
as repayment of SPV loan."
Cube InvIT continues
to maintain AAA/Stable
credit ratings from CRISIL,
India Ratings, and
ICRA.
As of December 31, 2024, the portfolio valuation
has increased to a total Asset Under Management of ₹ 290,291mn.
About Cube Highways Trust
Cube Highways Trust (“Cube
InvIT") is an irrevocable Trust set up under the Indian Trusts
Act, 1882 and registered with
the Securities Exchange Board of India (SEBI) as an Infrastructure Investment
Trust. It is backed by a diversified investor base, including: (a) I Squared
Capital; (b) a wholly-owned
subsidiary of the Abu Dhabi Investment Authority (ADIA); (c) British Columbia
Investment Management Corporation; (d) Abu Dhabi’s sovereign investor Mubadala Investment Company; and (e) Japan
Highways International BV.
Cube Highways Trust is engaged in implementing the public-private partnership (“PPP”) model in the
country’s highways sector
to operate and manage highway
projects in association with the central
and state governments.
Investors can view the outcome for the quarter and nine-month period ended December 31, 2024, along
with other relevant disclosures on the
websites of Cube InvIT (www.cubehighwaystrust.com),
the BSE Limited (www.bseindia.com), and the National
Stock Exchange of India Limited (www.nseindia.com).
Media contact:
corpcomm@cubehighways.com