Cube Highways Trust Reports Rs 34.53 Bn Total Income in FY25

Cube Highways Trust (Cube InvIT), managed by Cube Highways Fund Advisors, concluded its second financial year post-listing on a strong note by reporting a total consolidated income of Rs 34.53 billion for the financial year 2025, marking a 12.3 percent year-on-year (YoY) increase.

According to the official media release, Cube InvIT posted a consolidated earnings before interest, tax, depreciation, and amortisation (EBITDA) of Rs 2,380 crore, reflecting a 21.7 percent YoY growth. During the year, traffic volumes increased by 6.2 percent, while the Asset Under Management (AUM) grew 25 percent to reach Rs 322.66 billion as of 31 March 2025.

Vinay Sekar, Chief Executive Officer (CEO) of Cube InvIT, remarked that the company's performance in FY25 demonstrated the leadership position it holds among InvITs in India. He highlighted that their diversified highway portfolio continued to deliver strong and predictable traffic growth and consistently received recognition for its operations and maintenance quality.

The Board of Directors of the investment manager approved a Distribution Per Unit (DPU) of Rs 3.75 for the quarter, payable to ordinary unitholders. The total distribution for the quarter amounted to Rs 5 billion, which included Rs 1.96 per unit as interest, Rs 0.32 per unit as dividend, Rs 1.46 per unit as repayment of SPV loan, and Rs 0.01 per unit as treasury income.

Pankaj Vasani, Group Chief Financial Officer (CFO) of Cube InvIT, stated that the Trust declared an annual distribution of Rs 14.68 billion for FY25. He noted that the net debt to enterprise value ratio was maintained at 44.65 percent, providing ample headroom for future growth. Vasani added that as the Trust entered its third year, it remained well-positioned to leverage its strong fundamentals and sustain positive momentum.

The annual DPU declared for FY25 stood at Rs 11 per unit, comprising Rs 5.71 per unit as interest, Rs 0.55 per unit as dividend, Rs 4.71 per unit as repayment of SPV loan, and Rs 0.03 per unit as treasury income. This was an increase from the annual DPU of Rs 10.09 declared for FY24.