{ "documentInfo": { "documentType": "https://xbrl.org/2021/xbrl-json", "features": { "xbrl:canonicalValues": true }, "namespaces": { "dgip": "http://www.d9infrastructure.com/20251231", "ifrs-full": "https://xbrl.ifrs.org/taxonomy/2024-03-27/ifrs-full", "iso4217": "http://www.xbrl.org/2003/iso4217", "scheme": "http://standards.iso.org/iso/17442", "xbrl": "https://xbrl.org/2021", "xbrli": "http://www.xbrl.org/2003/instance" }, "taxonomy": [ "http://www.d9infrastructure.com/xbrl/2025/213800OQLX64UNS38U92-2025-12-31.xsd" ] }, "facts": { "Fxbrl_20250501170531911_xbrl_20230320093638632_xbrl_20220326172324104": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:InvestmentIncome", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531911_xbrl_20230320093638632_xbrl_20220326172341326": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:InvestmentIncome", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531911_xbrl_20230320093638632_xbrl_20220326172353544": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:InvestmentIncome", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531911_xbrl_20230320100803180": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:InvestmentIncome", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531911_xbrl_20230320100822300": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:InvestmentIncome", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531911_xbrl_20230320100830112": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:InvestmentIncome", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531922_xbrl_20230320093638630_xbrl_20220326172800996": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:GainsLossesOnChangeInFairValueOfDerivatives", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531922_xbrl_20230320093638630_xbrl_20220326174342806": { "value": "-212913000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:GainsLossesOnChangeInFairValueOfDerivatives", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531922_xbrl_20230320093638630_xbrl_20220326174346575": { "value": "-212913000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:GainsLossesOnChangeInFairValueOfDerivatives", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531922_xbrl_20230320100949274": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:GainsLossesOnChangeInFairValueOfDerivatives", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531922_xbrl_20230320100911237": { "value": "-270082000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:GainsLossesOnChangeInFairValueOfDerivatives", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531922_xbrl_20230320100919345": { "value": "-270082000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:GainsLossesOnChangeInFairValueOfDerivatives", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531929_xbrl_20230320095423185": { "value": "4686000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:RevenueFromInterest", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531929_xbrl_20230320095437897": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:RevenueFromInterest", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531929_xbrl_20230320095445553": { "value": "4686000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:RevenueFromInterest", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531929_xbrl_20230320101004735": { "value": "3130000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:RevenueFromInterest", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531929_xbrl_20230320101014730": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:RevenueFromInterest", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531929_xbrl_20230320101023175": { "value": "3130000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:RevenueFromInterest", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531937_xbrl_20230320093638627_xbrl_20220326172815503": { "value": "4686000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531937_xbrl_20230320093638627_xbrl_20220326175005694": { "value": "-212913000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531937_xbrl_20230320093638627_xbrl_20220326175011097": { "value": "-208227000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531937_xbrl_20230320101031560": { "value": "3130000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531937_xbrl_20230320101037135": { "value": "-270082000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531937_xbrl_20230320101043923": { "value": "-266952000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531945_xbrl_20230320093638625_xbrl_20220326173038774": { "value": "2988000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfessionalFeesExpense", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531945_xbrl_20230320093638625_xbrl_20220326175040312": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfessionalFeesExpense", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531945_xbrl_20230320093638625_xbrl_20220326175044660": { "value": "2988000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfessionalFeesExpense", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531945_xbrl_20230320101228838": { "value": "5210000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfessionalFeesExpense", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531945_xbrl_20230320101236390": { "value": "1736000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfessionalFeesExpense", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531945_xbrl_20230320101244015": { "value": "6946000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfessionalFeesExpense", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531954_xbrl_20250424132503083": { "value": "2097000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:MiscellaneousOtherOperatingExpense", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531954_xbrl_20250424022615930": { "value": "3725000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:MiscellaneousOtherOperatingExpense", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531954_xbrl_20250424022652433": { "value": "5822000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:MiscellaneousOtherOperatingExpense", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531954_xbrl_20250424022657794": { "value": "3650000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:MiscellaneousOtherOperatingExpense", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531954_xbrl_20250424022712825": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:MiscellaneousOtherOperatingExpense", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531954_xbrl_20250424022705702": { "value": "3650000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:MiscellaneousOtherOperatingExpense", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531961_xbrl_20230320093638622_xbrl_20220326173048041": { "value": "5085000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OperatingExpense", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531961_xbrl_20230320093638622_xbrl_20220326175112040": { "value": "3725000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OperatingExpense", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531961_xbrl_20230320093638622_xbrl_20220326175123772": { "value": "8810000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OperatingExpense", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531961_xbrl_20230320101315124": { "value": "8860000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OperatingExpense", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531961_xbrl_20230320101329056": { "value": "1736000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OperatingExpense", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531961_xbrl_20230320101337132": { "value": "10596000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OperatingExpense", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531991_xbrl_20230320095609200": { "value": "-399000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531991_xbrl_20230320095614807": { "value": "-216638000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531991_xbrl_20230320095624787": { "value": "-217037000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531991_xbrl_20230320101641806": { "value": "-5730000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531991_xbrl_20230320101653323": { "value": "-271818000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531991_xbrl_20230320101706524": { "value": "-277548000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531998_xbrl_20230320093638613_xbrl_20220326174003719": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531998_xbrl_20230320093638613_xbrl_20220326175239667": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531998_xbrl_20230320093638613_xbrl_20220326175242698": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531998_xbrl_20230320101721740": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531998_xbrl_20230320101737088": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170531998_xbrl_20230320101745816": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170550593_xbrl_20250120152256384": { "value": "-399000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170550593_xbrl_20230320095656068": { "value": "-216638000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170550593_xbrl_20230320095714020": { "value": "-217037000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170550593_xbrl_20230320101851943": { "value": "-5730000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170550593_xbrl_20230320101857438": { "value": "-271818000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501170550593_xbrl_20230320101904187": { "value": "-277548000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250424132544556": { "value": "-0.001", "decimals": 3, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP/xbrli:shares" } }, "Fxbrl_20250501171042627": { "value": "-0.001", "decimals": 3, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP/xbrli:shares" } }, "Fxbrl_20250424132557079": { "value": "-0.25", "decimals": 3, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP/xbrli:shares" } }, "Fxbrl_20250501171214195": { "value": "-0.25", "decimals": 3, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP/xbrli:shares" } }, "Fxbrl_20250424132604201": { "value": "-0.251", "decimals": 3, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "Fxbrl_20250501171247088": { "value": "-0.251", "decimals": 3, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "Fxbrl_20250424132612712": { "value": "-0.007", "decimals": 3, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP/xbrli:shares" } }, "Fxbrl_20250501171342337": { "value": "-0.007", "decimals": 3, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP/xbrli:shares" } }, "Fxbrl_20250424132619610": { "value": "-0.314", "decimals": 3, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP/xbrli:shares" } }, "Fxbrl_20250501171418883": { "value": "-0.314", "decimals": 3, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP/xbrli:shares" } }, "Fxbrl_20250424132627550": { "value": "-0.321", "decimals": 3, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "Fxbrl_20250501171443027": { "value": "-0.321", "decimals": 3, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "Fxbrl_20250501172442223_xbrl_20250424102054143": { "value": "80768000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLoss", "entity": "scheme:213800OQLX64UNS38U92", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172442223_xbrl_20250424102106933": { "value": "286181000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLoss", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00", "ifrs-full:RetrospectiveApplicationAndRetrospectiveRestatementAxis": "ifrs-full:PreviouslyStatedMember", "unit": "iso4217:GBP" } }, "Fxbrl_20260416184959619_xbrl_20250501172442223_xbrl_20250424102106933_0": { "value": "564562000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLoss", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172442225_xbrl_20250424103515417_xbrl_20250424102054143": { "value": "80768000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:213800OQLX64UNS38U92", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172442225_xbrl_20250424103515417_xbrl_20250424102106933": { "value": "286181000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00", "ifrs-full:RetrospectiveApplicationAndRetrospectiveRestatementAxis": "ifrs-full:PreviouslyStatedMember", "unit": "iso4217:GBP" } }, "Fxbrl_20260416184959619_xbrl_20250501172442225_xbrl_20250424103515417_xbrl_20250424102106933_1": { "value": "564562000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172442227_xbrl_20250424103518066_xbrl_20250424102054143": { "value": "6182000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentReceivables", "entity": "scheme:213800OQLX64UNS38U92", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172442227_xbrl_20250424103518066_xbrl_20250424102106933": { "value": "3251000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentReceivables", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00", "ifrs-full:RetrospectiveApplicationAndRetrospectiveRestatementAxis": "ifrs-full:PreviouslyStatedMember", "unit": "iso4217:GBP" } }, "Fxbrl_20260416184959619_xbrl_20250501172442227_xbrl_20250424103518066_xbrl_20250424102106933_2": { "value": "1471000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentReceivables", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172442229_xbrl_20250424103520346_xbrl_20250424102054143": { "value": "642000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800OQLX64UNS38U92", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172442229_xbrl_20250424103520346_xbrl_20250424102106933": { "value": "12100000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00", "ifrs-full:RetrospectiveApplicationAndRetrospectiveRestatementAxis": "ifrs-full:PreviouslyStatedMember", "unit": "iso4217:GBP" } }, "Fxbrl_20260416184959619_xbrl_20250501172442229_xbrl_20250424103520346_xbrl_20250424102106933_3": { "value": "14809000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172442231_xbrl_20250424103522700_xbrl_20250424102054143": { "value": "6824000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:213800OQLX64UNS38U92", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172442231_xbrl_20250424103522700_xbrl_20250424102106933": { "value": "15351000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00", "ifrs-full:RetrospectiveApplicationAndRetrospectiveRestatementAxis": "ifrs-full:PreviouslyStatedMember", "unit": "iso4217:GBP" } }, "Fxbrl_20260416184959619_xbrl_20250501172442231_xbrl_20250424103522700_xbrl_20250424102106933_4": { "value": "16280000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172442233_xbrl_20250424103525083_xbrl_20250424102054143": { "value": "87592000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:213800OQLX64UNS38U92", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172442233_xbrl_20250424103525083_xbrl_20250424102106933": { "value": "301532000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00", "ifrs-full:RetrospectiveApplicationAndRetrospectiveRestatementAxis": "ifrs-full:PreviouslyStatedMember", "unit": "iso4217:GBP" } }, "Fxbrl_20260416184959619_xbrl_20250501172442233_xbrl_20250424103525083_xbrl_20250424102106933_5": { "value": "580842000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172442256_xbrl_20250424103527570_xbrl_20250424102054143": { "value": "7344000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayables", "entity": "scheme:213800OQLX64UNS38U92", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172442256_xbrl_20250424103527570_xbrl_20250424102106933": { "value": "4247000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayables", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00", "ifrs-full:RetrospectiveApplicationAndRetrospectiveRestatementAxis": "ifrs-full:PreviouslyStatedMember", "unit": "iso4217:GBP" } }, "Fxbrl_20260416184959619_xbrl_20250501172442256_xbrl_20250424103527570_xbrl_20250424102106933_6": { "value": "6009000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayables", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172442276_xbrl_20250424103529882_xbrl_20250424102054143": { "value": "7344000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:213800OQLX64UNS38U92", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172442276_xbrl_20250424103529882_xbrl_20250424102106933": { "value": "4247000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00", "ifrs-full:RetrospectiveApplicationAndRetrospectiveRestatementAxis": "ifrs-full:PreviouslyStatedMember", "unit": "iso4217:GBP" } }, "Fxbrl_20260416184959619_xbrl_20250501172442276_xbrl_20250424103529882_xbrl_20250424102106933_7": { "value": "6009000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172442293_xbrl_20250424103531753_xbrl_20250424102054143": { "value": "80248000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:NetAssetsLiabilities", "entity": "scheme:213800OQLX64UNS38U92", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172442293_xbrl_20250424103531753_xbrl_20250424102106933": { "value": "297285000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:NetAssetsLiabilities", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00", "ifrs-full:RetrospectiveApplicationAndRetrospectiveRestatementAxis": "ifrs-full:PreviouslyStatedMember", "unit": "iso4217:GBP" } }, "Fxbrl_20260416184959619_xbrl_20250501172442293_xbrl_20250424103531753_xbrl_20250424102106933_8": { "value": "574833000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:NetAssetsLiabilities", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172442305_xbrl_20250424103536802_xbrl_20250424102054143": { "value": "793286000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IssuedCapital", "entity": "scheme:213800OQLX64UNS38U92", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172442305_xbrl_20250424103536802_xbrl_20250424102106933": { "value": "793286000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IssuedCapital", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00", "ifrs-full:RetrospectiveApplicationAndRetrospectiveRestatementAxis": "ifrs-full:PreviouslyStatedMember", "unit": "iso4217:GBP" } }, "Fxbrl_20260416184959619_xbrl_20250501172442305_xbrl_20250424103536802_xbrl_20250424102106933_9": { "value": "793286000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IssuedCapital", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172442308_xbrl_20250424103539386_xbrl_20250424102054143": { "value": "-723719000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CapitalReserve", "entity": "scheme:213800OQLX64UNS38U92", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172442308_xbrl_20250424103539386_xbrl_20250424102106933": { "value": "-507081000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CapitalReserve", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00", "ifrs-full:RetrospectiveApplicationAndRetrospectiveRestatementAxis": "ifrs-full:PreviouslyStatedMember", "unit": "iso4217:GBP" } }, "Fxbrl_20260416184959619_xbrl_20250501172442308_xbrl_20250424103539386_xbrl_20250424102106933_10": { "value": "-235263000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CapitalReserve", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172442312_xbrl_20250424103541842_xbrl_20250424102054143": { "value": "10681000.0", "decimals": -3, "dimensions": { "concept": "dgip:RevenueReserve", "entity": "scheme:213800OQLX64UNS38U92", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172442312_xbrl_20250424103541842_xbrl_20250424102106933": { "value": "11080000.0", "decimals": -3, "dimensions": { "concept": "dgip:RevenueReserve", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00", "ifrs-full:RetrospectiveApplicationAndRetrospectiveRestatementAxis": "ifrs-full:PreviouslyStatedMember", "unit": "iso4217:GBP" } }, "Fxbrl_20260416184959619_xbrl_20250501172442312_xbrl_20250424103541842_xbrl_20250424102106933_11": { "value": "16810000.0", "decimals": -3, "dimensions": { "concept": "dgip:RevenueReserve", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172442315_xbrl_20250424103544281_xbrl_20250424102054143": { "value": "80248000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172442315_xbrl_20250424103544281_xbrl_20250424102106933": { "value": "297285000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00", "ifrs-full:RetrospectiveApplicationAndRetrospectiveRestatementAxis": "ifrs-full:PreviouslyStatedMember", "unit": "iso4217:GBP" } }, "Fxbrl_20260416184959619_xbrl_20250501172442315_xbrl_20250424103544281_xbrl_20250424102106933_12": { "value": "574833000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250424103717147": { "value": "0.093", "decimals": 3, "dimensions": { "concept": "dgip:NetAssetValuePerOrdinaryShare", "entity": "scheme:213800OQLX64UNS38U92", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "Fxbrl_20250424103726602": { "value": "0.344", "decimals": 3, "dimensions": { "concept": "dgip:NetAssetValuePerOrdinaryShare", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00", "ifrs-full:RetrospectiveApplicationAndRetrospectiveRestatementAxis": "ifrs-full:PreviouslyStatedMember", "unit": "iso4217:GBP/xbrli:shares" } }, "Fxbrl_20260416184959619_xbrl_20250424103726602_13": { "value": "0.664", "decimals": 3, "dimensions": { "concept": "dgip:NetAssetValuePerOrdinaryShare", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "Fxbrl_20260417172131004": { "value": "\n The Financial Statements set out on pages 68 to 92 were approved and authorised for issue by the Board on 14 April 2026 and signed on its behalf by: Eric Sanderson Chair 14 April 2026 \n ", "dimensions": { "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20250501171620594_xbrl_20250424111153045": { "value": "793286000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "ifrs-full:RetrospectiveApplicationAndRetrospectiveRestatementAxis": "ifrs-full:PreviouslyStatedMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501171620594_xbrl_20250424111511342": { "value": "-123765000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "ifrs-full:RetrospectiveApplicationAndRetrospectiveRestatementAxis": "ifrs-full:PreviouslyStatedMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501171620594_xbrl_20250424111516138": { "value": "16810000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "ifrs-full:RetrospectiveApplicationAndRetrospectiveRestatementAxis": "ifrs-full:PreviouslyStatedMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501171620594_xbrl_20250424111520320": { "value": "686331000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "ifrs-full:RetrospectiveApplicationAndRetrospectiveRestatementAxis": "ifrs-full:PreviouslyStatedMember", "unit": "iso4217:GBP" } }, "Fxbrl_20260416193145421_xbrl_20250501171620594_xbrl_20250424111153045": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "ifrs-full:RetrospectiveApplicationAndRetrospectiveRestatementAxis": "ifrs-full:FinancialEffectOfCorrectionsOfAccountingErrorsMember", "unit": "iso4217:GBP" } }, "Fxbrl_20260416193145421_xbrl_20250501171620594_xbrl_20250424111511342": { "value": "-111498000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "ifrs-full:RetrospectiveApplicationAndRetrospectiveRestatementAxis": "ifrs-full:FinancialEffectOfCorrectionsOfAccountingErrorsMember", "unit": "iso4217:GBP" } }, "Fxbrl_20260416193145421_xbrl_20250501171620594_xbrl_20250424111516138": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "ifrs-full:RetrospectiveApplicationAndRetrospectiveRestatementAxis": "ifrs-full:FinancialEffectOfCorrectionsOfAccountingErrorsMember", "unit": "iso4217:GBP" } }, "Fxbrl_20260416193145421_xbrl_20250501171620594_xbrl_20250424111520320": { "value": "-111498000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "ifrs-full:RetrospectiveApplicationAndRetrospectiveRestatementAxis": "ifrs-full:FinancialEffectOfCorrectionsOfAccountingErrorsMember", "unit": "iso4217:GBP" } }, "Fxbrl_20260416190952118_xbrl_20250501171709282_xbrl_20250424114209954": { "value": "793286000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "Fxbrl_20260416190952118_xbrl_20250501171709282_xbrl_20250424114150652": { "value": "-235263000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20260416190952118_xbrl_20250501171709282_xbrl_20250424114159440": { "value": "16810000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20260416190952118_xbrl_20250501171709282_xbrl_20250424114206145": { "value": "574833000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501171634515_xbrl_20250424113424309": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501171634515_xbrl_20250424112308764": { "value": "-271818000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501171634515_xbrl_20250424112318223": { "value": "-5730000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501171634515_xbrl_20250424112323357": { "value": "-277548000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501171638786_xbrl_20250424111208075": { "value": "793286000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501171638786_xbrl_20250424111523864": { "value": "-507081000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501171638786_xbrl_20250424111530048": { "value": "11080000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501171638786_xbrl_20250424111533683": { "value": "297285000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501171649794_xbrl_20250424113906905": { "value": "793286000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501171649794_xbrl_20250424113913996": { "value": "-507081000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501171649794_xbrl_20250424113924314": { "value": "11080000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501171649794_xbrl_20250424113932472": { "value": "297285000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501171706202_xbrl_20250424114224065": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501171706202_xbrl_20250424114229461": { "value": "-216638000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501171706202_xbrl_20250424114234057": { "value": "-399000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501171706202_xbrl_20250424114239792": { "value": "-217037000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501171709282_xbrl_20250424114209954": { "value": "793286000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501171709282_xbrl_20250424114150652": { "value": "-723719000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501171709282_xbrl_20250424114159440": { "value": "10681000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "dgip:RevenueReserveMember", "unit": "iso4217:GBP" } }, "Fxbrl_20250501171709282_xbrl_20250424114206145": { "value": "80248000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800OQLX64UNS38U92", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172751371_xbrl_20250424120104019": { "value": "-217037000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172751371_xbrl_20250424120112938": { "value": "-277548000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20260416194320881": { "value": "212913000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForFairValueGainsLosses", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20260416194528889": { "value": "270082000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForFairValueGainsLosses", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20260416194326120": { "value": "-4124000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperations", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20260416194421375": { "value": "-7466000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperations", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172751383_xbrl_20250424120135050_xbrl_20250424120104019": { "value": "-2931000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172751383_xbrl_20250424120135050_xbrl_20250424120112938": { "value": "-1779000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172751388_xbrl_20250424120138024_xbrl_20250424120104019": { "value": "3097000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172751388_xbrl_20250424120138024_xbrl_20250424120112938": { "value": "-1762000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172751392_xbrl_20250424120337592_xbrl_20250424120104019": { "value": "-3958000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172751392_xbrl_20250424120337592_xbrl_20250424120112938": { "value": "-11007000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172751395_xbrl_20250424120339793_xbrl_20250424120104019": { "value": "-7500000.0", "decimals": -3, "dimensions": { "concept": "dgip:LoansToSubsidiaries", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172751395_xbrl_20250424120339793_xbrl_20250424120112938": { "value": "-5300000.0", "decimals": -3, "dimensions": { "concept": "dgip:LoansToSubsidiaries", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172751399_xbrl_20250424124803600_xbrl_20250424120138024_xbrl_20250424120104019": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "dgip:LoansRepaymentFromSubsidiaries", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172751399_xbrl_20250424124803600_xbrl_20250424120138024_xbrl_20250424120112938": { "value": "13598000.0", "decimals": -3, "dimensions": { "concept": "dgip:LoansRepaymentFromSubsidiaries", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250424120350136_xbrl_20250424120104019": { "value": "-7500000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250424120350136_xbrl_20250424120112938": { "value": "8298000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172751410_xbrl_20250424120355024_xbrl_20250424120104019": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DividendsPaidClassifiedAsFinancingActivities", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172751410_xbrl_20250424120355024_xbrl_20250424120112938": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DividendsPaidClassifiedAsFinancingActivities", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172751416_xbrl_20250424120406033_xbrl_20250424120104019": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172751416_xbrl_20250424120406033_xbrl_20250424120112938": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172751420_xbrl_20250424120407904_xbrl_20250424120104019": { "value": "-11458000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172751420_xbrl_20250424120407904_xbrl_20250424120112938": { "value": "-2709000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172751422_xbrl_20250424120409682_xbrl_20250424120104019": { "value": "12100000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172751422_xbrl_20250424120409682_xbrl_20250424120112938": { "value": "14809000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172751425_xbrl_20250424120411223_xbrl_20250424120104019": { "value": "-11458000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250501172751425_xbrl_20250424120411223_xbrl_20250424120112938": { "value": "-2709000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents", "entity": "scheme:213800OQLX64UNS38U92", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250424120413154_xbrl_20250424120104019": { "value": "642000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800OQLX64UNS38U92", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20250424120413154_xbrl_20250424120112938": { "value": "12100000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "Fxbrl_20260416193802233": { "value": "\n 1. CORPORATE INFORMATION Digital 9 Infrastructure plc (the \u201cCompany\u201d or \u201cD9\u201d) is a Jersey registered alternative investment fund, and it is regulated by the Jersey Financial Services Commission as a \u201clisted fund\u201d under the Collective Investment Funds (Jersey) Law 1988 (the \u201cFunds Law\u201d) and the Jersey Listed Fund Guide published by the Jersey Financial Services Commission. The Company is registered with number 133380 under the Companies (Jersey) Law 1991. The Company is domiciled in Jersey and the address of its registered office, which is also its principal place of business, is 26 New \n \n Street, St Helier, Jersey, JE2 3RA.\n The Company is tax domiciled in the United Kingdom. The Company was incorporated on 8 January 2021 and is a public company and the ultimate controlling party of the Group. The Company\u2019s Ordinary Shares were admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange under the ticker DGI9 on 31 March 2021, following its IPO which raised gross proceeds of \u00a3300 million. A further \u00a3175 million was injected following the second equity raise on 10 June 2021 and a total of \u00a3155.2m injected following two further equity raises in 2022. It was admitted to the premium listing segment of the Official List of the Financial Conduct Authority and migrated to trading on the premium segment of the Main Market on 30 August 2022. The Company is listed on the closed-ended investment funds category of the FCA\u2019s Official List and its Ordinary Shares are traded on the London Stock Exchange\u2019s Main Market. Following the Strategic Review and shareholder vote in March 2024 for the Company to enter into a Managed Wind-Down, and which was reconfirmed by a Continuation Resolution in June 2025, the Company\u2019s principal activity is to execute the Managed Wind-Down \n \n of the Company and realise all existing assets in the Company\u2019s portfolio in an ordinary manner.\n These financial statements comprise only the results of the Company, as its investment in Digital 9 Holdco Limited (\u201cD9 Holdco\u201d) is measured at fair value through profit or loss.\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416184644510": { "value": "Digital 9 Infrastructure plc", "dimensions": { "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416185105572": { "value": "Digital 9 Infrastructure plc", "dimensions": { "concept": "ifrs-full:NameOfParentEntity", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416185635561": { "value": "Company", "dimensions": { "concept": "ifrs-full:LegalFormOfEntity", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416185906667": { "value": "Jersey", "dimensions": { "concept": "ifrs-full:DomicileOfEntity", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416190221368": { "value": "Jersey", "dimensions": { "concept": "ifrs-full:CountryOfIncorporation", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416190329553": { "value": "Jersey", "dimensions": { "concept": "ifrs-full:PrincipalPlaceOfBusiness", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416193629162": { "value": "26 New\n Street, St Helier, Jersey, JE2 3RA.\n ", "dimensions": { "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416190628594": { "value": "the Company\u2019s principal activity is to execute the Managed Wind-Down\n of the Company and realise all existing assets in the Company\u2019s portfolio in an ordinary manner.\n ", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416195540241": { "value": "\n 2. BASIS OF PREPARATION \n \n These financial statements for the year ended 31 December 2025 have been prepared in accordance with International Financial Reporting Standards as adopted by the European Union.\n Where presentational guidance set out in the AIC SORP is consistent with the requirements of IFRS as adopted by the EU, the Directors have sought to prepare the financial statements on a basis compliant with the recommendations of the AIC SORP. In particular, supplementary information which analyses the Statement of Comprehensive Income between items of a revenue and capital nature has been presented alongside the total Statement of Comprehensive Income. The functional and reporting currency is sterling, reflecting the primary economic environment in which the Company operates. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling on the date of the transaction. Foreign currency monetary assets and liabilities are translated into sterling at the rates of exchange ruling at the balance sheet date. The financial statements have been prepared on a historical cost basis, except for the following: \u2022 Investments at fair value through profit or loss The accounting policies adopted are consistent with those of the previous financial year. The principal accounting policies to be adopted are set out below and will be consistently applied, subject to changes in accordance with any amendments in IFRS. IFRS 13 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). When measuring fair value, the Company takes into consideration the characteristics of the asset or liability if market participants would take those characteristics into account when pricing the asset or liability at the measurement date, including assumptions about risk. The Company accounts for its investment in its wholly-owned direct subsidiary D9 Holdco at fair value. The investment in D9 Holdco which will principally comprise working capital balances and investments in Digital Infrastructure Projects, are required to be included at fair value in the carrying value of investments. Consequently, the Company does not consolidate its subsidiaries or apply IFRS 3 business combinations when it obtains control of another entity as it is considered to be an investment entity under IFRS. Instead, the Company includes its investment in its subsidiary at fair value through profit or loss. The Company\u2019s Investment Manager, and the Company\u2019s Board are currently in the process of undertaking a Managed Wind-Down of the Company and realising all existing assets in the portfolio in an orderly manner. D9 Holdco is itself an investment entity. Consequently, the Company need not have an exit strategy for its investment in D9 Holdco.\n \n \n (a) Going Concern The Company\u2019s business activities, together with the factors likely to affect its future development, performance and position, including its principal risks and uncertainties are set out in the Strategic Report starting on page 26. In addition, Notes 2 to 21 of the financial statements include: the Company\u2019s objectives, policies and processes for managing its capital; its financial risk management objectives; details of its financial instruments and hedging activities; and its exposures to credit risk and liquidity risk. Following the shareholder vote at the General Meeting in early 2024, the Company is now in a Managed Wind-Down. This strategy was re-confirmed by a Continuation Resolution that passed at the June 2025 AGM. The Managed Wind-Down is anticipated to take several years to complete due to the expected timing associated with the divestment of Arqiva. The targeted completion of this Managed Wind-Down is circa 36 months. As such, the audited Financial Statements for the year ended 31 December 2025 continue to be prepared on a going concern basis. In adopting the appropriateness of the going concern basis of preparation, the Directors considered the fact that the Company is in Managed Wind-Down, the successful recent disposal activity (EMIC-1, SeaEdge UK1 and Aqua Comms, plus the Verne Global earn- out which settled in April 2026, for combined net proceeds of \u00a386.3 million) during the year, the strong performance of one of the two remaining assets, Elio, and the disposal plans and timelines for Arqiva, which Directors still reasonably expect to be disposed of within a two to three-year timeframe, even considering the ongoing Arqiva related disposal activity by minority shareholders. In addition, the Directors considered the significantly improved liquidity position of the Company compared with 31 December 2024, with the previously noted full repayment of the RCF in May 2025 primarily using disposal proceeds, and the receipt of Aqua Comms disposal proceeds in December 2025, ensuring sufficient cash, post any distribution to shareholders, is available to meet the future liquidity 1 requirements of the fund until it is wound up . Although the Company is not reliant on distributions from Elio Networks from a going concern perspective, it is able to benefit from distributable free cash generated by the business. This position is further supported by the recently announced debt facility, which enables Elio to deliver its buy-and-build M&A strategy without reliance on its current free cash flows. Post the balance sheet date, the Board and the Investment Manager agreed binding terms for an early \u00a310 million settlement of the Verne Global earn-out with Ardian. The settlement reflects the Board\u2019s assessment of the uncertainty inherent in the contractual earn-out mechanism, including its dependence on future operating performance and run-rate EBITDA targets for the financial year ending 31 December 2026. The year-end valuation of the earn-out reflects the terms of the settlement and provides a clear and certain crystallisation of value for shareholders. No further amounts are expected to be received in respect of the Verne Global earn-out. The Directors have considered the cashflow assumptions for a period of 12 months following the approval of the financial statements, including the reduced liquidity requirements following the previously noted full repayment of the RCF, the available distribution options from performing assets, as well as the available cash balance following recent disposals. The Directors have also considered a number of severe, but plausible downside scenarios to these cashflow assumptions and the potential mitigating actions the Company has at its disposal to address these scenarios where required. Given these considerations, the Directors believe that the Company and the Group have adequate resources to continue to operate for a period of at least twelve months from the date of approval of the financial statements and therefore the Directors believe that it continues to be appropriate to prepare the financial statements on a going concern basis.\n \n \n \n (b) Investment entities The Directors have concluded that in accordance with IFRS 10, the Company meets the definition of an investment entity, having evaluated against the criteria presented below that needs to be met. Under IFRS 10, investment entities are required to hold financial investments at fair value through profit or loss rather than consolidate them on a line-by-line basis. There are three key conditions to be met by the Company for it to meet the definition of an investment entity. For each reporting period, the Directors will continue to assess whether the Company continues to meet these conditions: \u2022 It obtains funds from one or more investors for the purpose of providing these investors with professional investment management services; \u2022 It commits to its investors that its business purpose is to invest its funds solely for returns (including having an exit strategy for investments) from capital appreciation, investment income or both; and \u2022 It measures and evaluates the performance of substantially all its investments on a fair value basis. The Company satisfies the first criteria as it has multiple investors and has obtained funds from a diverse group of shareholders for the purpose of providing them with investment opportunities to invest in a large pool of digital infrastructure assets. 1 No provision has been made for the costs of winding up the Company as these will be charged to the Income Statement on an accruals basis as they are incurred or as the Company becomes obligated to make such payments in the future.\n \n \n \n \n \n In satisfying the second criteria, the notion of an investment timeframe is critical. An investment entity should not hold its investments indefinitely but should have an exit strategy for their realisation. The Company is now in a Managed Wind-Down with the intention to sell all its investments and return capital to investors. In March 2024 the Company sold 100% of its ownership in the Verne Global group of companies. Following the year-end, the Company also concluded an early settlement of the residual Verne Global earn-out, completing the Company\u2019s economic exit from the investment. During 2025, the Company completed the disposals of EMIC-1, SeaEdge UK1 and Aqua Comms. In addition, the early cash settlement of the Verne Global earn-out was agreed, and which is due to settle by end of April 2026. The Company held just two investments, Elio Networks and Arqiva, at the end of the year. After repaying the RCF, excess disposal proceeds are to be returned to shareholders. This disposal activity demonstrates the exit strategy being realised. The Company satisfies the third criteria as it measures and evaluates the performance of all of its investments on a fair value basis which is the most relevant for investors in the Company. Management use fair value information as a primary measurement to evaluate the performance of all of the investments and in decision making. In assessing whether it meets the definition, the Company shall also consider whether it has the following typical characteristics of an investment entity: a) it has more than one investment; b) it has more than one investor; c) it has investors that are not related parties of the entity; and d) it has ownership interests in the form of equity or similar interests. The absence of any of these typical characteristics does not necessarily disqualify an entity from being classified as an investment entity. As D9 Holdco divests its investments it is inevitable it will have only one investment at some point. As the aim will be to sell that investment to generate returns for investors, this will not change the analysis as to whether the Company meets the definition of an investment entity. As per IFRS 10, a parent investment entity is required to consolidate subsidiaries that are not themselves investment entities and whose main purpose is to provide services relating to the entity\u2019s investment activities. The Directors have assessed whether D9 Holdco satisfies those conditions set above by considering the characteristics of the whole Group structure, rather than individual entities. The Directors have concluded that the Company and D9 Holdco are formed in connection with each other for business structure purposes. When considered together, both entities display the typical characteristics of an investment entity. The Company entering into a Managed Wind-Down, a decision which was made and voted on by shareholders in March 2024, and reconfirmed in June 2025, and the changes in the Group structure following the sale of Verne Global, EMIC-1, SeaEdge and Aqua Comms, have not impacted management\u2019s judgement and conclusion over the IFRS 10 investment entity application and the Company has applied the same accounting policies described. The Directors are therefore of the opinion that the Company meets the criteria and characteristics of an investment entity and therefore, subsidiaries are measured at fair value through profit or loss, in accordance with IFRS 13 \u201cFair Value Measurement\u201d, IFRS 10 \u201cConsolidated Financial Statements\u201d and IFRS 9 \u201cFinancial Instruments\u201d.\n \n \n \n \n (c) New and amended standards adopted by the Company A number of amended standards became applicable for the current reporting period. The Group did not have to change its accounting policies or make retrospective adjustments as a result of adopting these amended standards. Management do not expect the new or amended standards will have a material impact on the Company\u2019s financial statements. The most significant of these standards are set out below:\n \n \n \n \n \n New standards and amendments \u2013 applicable 1 January 2025 (a) Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates titled Lack of Exchangeability (the Company has adopted the amendments to IAS 21 for the first time in the current year. The amendments specify how to assess whether a currency is exchangeable, and how to determine the exchange rate when it is not.)\n FORTHCOMING REQUIREMENTS The following standards and interpretations had been issued but were not in effect for annual reporting periods ending on 31 December 2025. (a) Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Amendments to the Classification and Measurement of Financial Instruments (effective date 1 January 2026). (b) Annual Improvements to IFRS Accounting Standards \u2013 Volume 11: Amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards, IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7, IFRS 9 Financial Instruments, IFRS 10 Consolidated Financial Statements, and IAS 7 Statement of Cash Flows (effective date 1 January 2026). (c) Amendments to IFRS 9 and IFRS 7: Contracts Referencing Nature-dependent Electricity (effective date 1 January 2026). (d) IFRS 18 Presentation and Disclosure in Financial Statements (effective date of 1 January 2027). (e) IFRS 19 Subsidiaries without Public Accountability: Disclosures (effective date of 1 January 2027) The directors do not expect that the adoption of the standards listed above will have a material impact on the financial statements of the group in future periods, except if indicated below: \u2022 IFRS 18 Presentation and Disclosure in Financial Statements (effective date of 1 January 2027). IFRS 18 introduces new requirement to: o present specified categories and defined subtotals in the statement of profit or loss o provide disclosures on management-defined performance measures (MPMs) in the notes to the financial statements o improve aggregation and disaggregation. The directors of the entity anticipate that the application of these amendments may have an impact on the group\u2019s financial statements in future periods. IFRS 18 does not alter the measurement of financial performance, it significantly impacts how results are presented and structured, aiming to reduce the inconsistency in reported figures.\n \n ", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416195839966": { "value": "\n These financial statements for the year ended 31 December 2025 have been prepared in accordance with International Financial Reporting Standards as adopted by the European Union.\n ", "dimensions": { "concept": "ifrs-full:StatementOfIFRSCompliance", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416200151180": { "value": "\n (a) Going Concern The Company\u2019s business activities, together with the factors likely to affect its future development, performance and position, including its principal risks and uncertainties are set out in the Strategic Report starting on page 26. In addition, Notes 2 to 21 of the financial statements include: the Company\u2019s objectives, policies and processes for managing its capital; its financial risk management objectives; details of its financial instruments and hedging activities; and its exposures to credit risk and liquidity risk. Following the shareholder vote at the General Meeting in early 2024, the Company is now in a Managed Wind-Down. This strategy was re-confirmed by a Continuation Resolution that passed at the June 2025 AGM. The Managed Wind-Down is anticipated to take several years to complete due to the expected timing associated with the divestment of Arqiva. The targeted completion of this Managed Wind-Down is circa 36 months. As such, the audited Financial Statements for the year ended 31 December 2025 continue to be prepared on a going concern basis. In adopting the appropriateness of the going concern basis of preparation, the Directors considered the fact that the Company is in Managed Wind-Down, the successful recent disposal activity (EMIC-1, SeaEdge UK1 and Aqua Comms, plus the Verne Global earn- out which settled in April 2026, for combined net proceeds of \u00a386.3 million) during the year, the strong performance of one of the two remaining assets, Elio, and the disposal plans and timelines for Arqiva, which Directors still reasonably expect to be disposed of within a two to three-year timeframe, even considering the ongoing Arqiva related disposal activity by minority shareholders. In addition, the Directors considered the significantly improved liquidity position of the Company compared with 31 December 2024, with the previously noted full repayment of the RCF in May 2025 primarily using disposal proceeds, and the receipt of Aqua Comms disposal proceeds in December 2025, ensuring sufficient cash, post any distribution to shareholders, is available to meet the future liquidity 1 requirements of the fund until it is wound up . Although the Company is not reliant on distributions from Elio Networks from a going concern perspective, it is able to benefit from distributable free cash generated by the business. This position is further supported by the recently announced debt facility, which enables Elio to deliver its buy-and-build M&A strategy without reliance on its current free cash flows. Post the balance sheet date, the Board and the Investment Manager agreed binding terms for an early \u00a310 million settlement of the Verne Global earn-out with Ardian. The settlement reflects the Board\u2019s assessment of the uncertainty inherent in the contractual earn-out mechanism, including its dependence on future operating performance and run-rate EBITDA targets for the financial year ending 31 December 2026. The year-end valuation of the earn-out reflects the terms of the settlement and provides a clear and certain crystallisation of value for shareholders. No further amounts are expected to be received in respect of the Verne Global earn-out. The Directors have considered the cashflow assumptions for a period of 12 months following the approval of the financial statements, including the reduced liquidity requirements following the previously noted full repayment of the RCF, the available distribution options from performing assets, as well as the available cash balance following recent disposals. The Directors have also considered a number of severe, but plausible downside scenarios to these cashflow assumptions and the potential mitigating actions the Company has at its disposal to address these scenarios where required. Given these considerations, the Directors believe that the Company and the Group have adequate resources to continue to operate for a period of at least twelve months from the date of approval of the financial statements and therefore the Directors believe that it continues to be appropriate to prepare the financial statements on a going concern basis.\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416200300612": { "value": "\n \n (b) Investment entities The Directors have concluded that in accordance with IFRS 10, the Company meets the definition of an investment entity, having evaluated against the criteria presented below that needs to be met. Under IFRS 10, investment entities are required to hold financial investments at fair value through profit or loss rather than consolidate them on a line-by-line basis. There are three key conditions to be met by the Company for it to meet the definition of an investment entity. For each reporting period, the Directors will continue to assess whether the Company continues to meet these conditions: \u2022 It obtains funds from one or more investors for the purpose of providing these investors with professional investment management services; \u2022 It commits to its investors that its business purpose is to invest its funds solely for returns (including having an exit strategy for investments) from capital appreciation, investment income or both; and \u2022 It measures and evaluates the performance of substantially all its investments on a fair value basis. The Company satisfies the first criteria as it has multiple investors and has obtained funds from a diverse group of shareholders for the purpose of providing them with investment opportunities to invest in a large pool of digital infrastructure assets. 1 No provision has been made for the costs of winding up the Company as these will be charged to the Income Statement on an accruals basis as they are incurred or as the Company becomes obligated to make such payments in the future.\n \n \n \n In satisfying the second criteria, the notion of an investment timeframe is critical. An investment entity should not hold its investments indefinitely but should have an exit strategy for their realisation. The Company is now in a Managed Wind-Down with the intention to sell all its investments and return capital to investors. In March 2024 the Company sold 100% of its ownership in the Verne Global group of companies. Following the year-end, the Company also concluded an early settlement of the residual Verne Global earn-out, completing the Company\u2019s economic exit from the investment. During 2025, the Company completed the disposals of EMIC-1, SeaEdge UK1 and Aqua Comms. In addition, the early cash settlement of the Verne Global earn-out was agreed, and which is due to settle by end of April 2026. The Company held just two investments, Elio Networks and Arqiva, at the end of the year. After repaying the RCF, excess disposal proceeds are to be returned to shareholders. This disposal activity demonstrates the exit strategy being realised. The Company satisfies the third criteria as it measures and evaluates the performance of all of its investments on a fair value basis which is the most relevant for investors in the Company. Management use fair value information as a primary measurement to evaluate the performance of all of the investments and in decision making. In assessing whether it meets the definition, the Company shall also consider whether it has the following typical characteristics of an investment entity: a) it has more than one investment; b) it has more than one investor; c) it has investors that are not related parties of the entity; and d) it has ownership interests in the form of equity or similar interests. The absence of any of these typical characteristics does not necessarily disqualify an entity from being classified as an investment entity. As D9 Holdco divests its investments it is inevitable it will have only one investment at some point. As the aim will be to sell that investment to generate returns for investors, this will not change the analysis as to whether the Company meets the definition of an investment entity. As per IFRS 10, a parent investment entity is required to consolidate subsidiaries that are not themselves investment entities and whose main purpose is to provide services relating to the entity\u2019s investment activities. The Directors have assessed whether D9 Holdco satisfies those conditions set above by considering the characteristics of the whole Group structure, rather than individual entities. The Directors have concluded that the Company and D9 Holdco are formed in connection with each other for business structure purposes. When considered together, both entities display the typical characteristics of an investment entity. The Company entering into a Managed Wind-Down, a decision which was made and voted on by shareholders in March 2024, and reconfirmed in June 2025, and the changes in the Group structure following the sale of Verne Global, EMIC-1, SeaEdge and Aqua Comms, have not impacted management\u2019s judgement and conclusion over the IFRS 10 investment entity application and the Company has applied the same accounting policies described. The Directors are therefore of the opinion that the Company meets the criteria and characteristics of an investment entity and therefore, subsidiaries are measured at fair value through profit or loss, in accordance with IFRS 13 \u201cFair Value Measurement\u201d, IFRS 10 \u201cConsolidated Financial Statements\u201d and IFRS 9 \u201cFinancial Instruments\u201d.\n \n ", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260418044032989": { "value": "\n (b) Investment entities The Directors have concluded that in accordance with IFRS 10, the Company meets the definition of an investment entity, having evaluated against the criteria presented below that needs to be met. Under IFRS 10, investment entities are required to hold financial investments at fair value through profit or loss rather than consolidate them on a line-by-line basis. There are three key conditions to be met by the Company for it to meet the definition of an investment entity. For each reporting period, the Directors will continue to assess whether the Company continues to meet these conditions: \u2022 It obtains funds from one or more investors for the purpose of providing these investors with professional investment management services; \u2022 It commits to its investors that its business purpose is to invest its funds solely for returns (including having an exit strategy for investments) from capital appreciation, investment income or both; and \u2022 It measures and evaluates the performance of substantially all its investments on a fair value basis. The Company satisfies the first criteria as it has multiple investors and has obtained funds from a diverse group of shareholders for the purpose of providing them with investment opportunities to invest in a large pool of digital infrastructure assets. 1 No provision has been made for the costs of winding up the Company as these will be charged to the Income Statement on an accruals basis as they are incurred or as the Company becomes obligated to make such payments in the future.\n \n In satisfying the second criteria, the notion of an investment timeframe is critical. An investment entity should not hold its investments indefinitely but should have an exit strategy for their realisation. The Company is now in a Managed Wind-Down with the intention to sell all its investments and return capital to investors. In March 2024 the Company sold 100% of its ownership in the Verne Global group of companies. Following the year-end, the Company also concluded an early settlement of the residual Verne Global earn-out, completing the Company\u2019s economic exit from the investment. During 2025, the Company completed the disposals of EMIC-1, SeaEdge UK1 and Aqua Comms. In addition, the early cash settlement of the Verne Global earn-out was agreed, and which is due to settle by end of April 2026. The Company held just two investments, Elio Networks and Arqiva, at the end of the year. After repaying the RCF, excess disposal proceeds are to be returned to shareholders. This disposal activity demonstrates the exit strategy being realised. The Company satisfies the third criteria as it measures and evaluates the performance of all of its investments on a fair value basis which is the most relevant for investors in the Company. Management use fair value information as a primary measurement to evaluate the performance of all of the investments and in decision making. In assessing whether it meets the definition, the Company shall also consider whether it has the following typical characteristics of an investment entity: a) it has more than one investment; b) it has more than one investor; c) it has investors that are not related parties of the entity; and d) it has ownership interests in the form of equity or similar interests. The absence of any of these typical characteristics does not necessarily disqualify an entity from being classified as an investment entity. As D9 Holdco divests its investments it is inevitable it will have only one investment at some point. As the aim will be to sell that investment to generate returns for investors, this will not change the analysis as to whether the Company meets the definition of an investment entity. As per IFRS 10, a parent investment entity is required to consolidate subsidiaries that are not themselves investment entities and whose main purpose is to provide services relating to the entity\u2019s investment activities. The Directors have assessed whether D9 Holdco satisfies those conditions set above by considering the characteristics of the whole Group structure, rather than individual entities. The Directors have concluded that the Company and D9 Holdco are formed in connection with each other for business structure purposes. When considered together, both entities display the typical characteristics of an investment entity. The Company entering into a Managed Wind-Down, a decision which was made and voted on by shareholders in March 2024, and reconfirmed in June 2025, and the changes in the Group structure following the sale of Verne Global, EMIC-1, SeaEdge and Aqua Comms, have not impacted management\u2019s judgement and conclusion over the IFRS 10 investment entity application and the Company has applied the same accounting policies described. The Directors are therefore of the opinion that the Company meets the criteria and characteristics of an investment entity and therefore, subsidiaries are measured at fair value through profit or loss, in accordance with IFRS 13 \u201cFair Value Measurement\u201d, IFRS 10 \u201cConsolidated Financial Statements\u201d and IFRS 9 \u201cFinancial Instruments\u201d.\n \n 15. SUBSIDIARIES At the reporting date, the Company had one wholly-owned subsidiary, being its 100% investment in Digital 9 Holdco Limited. The following table shows subsidiaries of the Company. As the Company is regarded as an Investment Entity as referred to in Note 2, these subsidiaries have not been consolidated in the preparation of the financial statements. \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Name Place of business % Interest Principal activity Registered o\ufb03ce
Digital 9 Holdco Limited UK 100% Holding company The Scalpel, 52 Lime Street, London EC3M 7AF
The following companies are held by D9 Holdco Limited and its underlying subsidiaries:
Digital 9 DC Limited UK 100% Intermediate holding company The Scalpel, 52 Lime Street, London EC3M 7AF
Digital 9 Fibre Limited UK 100% Intermediate holding company The Scalpel, 52 Lime Street, London EC3M 7AF
Digital 9 Wireless Limited UK 100% Intermediate holding company The Scalpel, 52 Lime Street, London EC3M 7AF
Digital 9 Subsea Holdco Limited UK 100% Intermediate holding company The Scalpel, 52 Lime Street, London EC3M 7AF
Digital 9 Subsea Limited1 UK 100% Subsea \ufb01bre optic network The Scalpel, 52 Lime Street, London EC3M 7AF
D9 DC Opco 2 Limited2 UK 100% Intermediate holding company The Scalpel, 52 Lime Street, London EC3M 7AF
D9 Wireless Opco 1 Limited 2 UK 100% Intermediate holding company The Scalpel, 52 Lime Street, London EC3M 7AF
D9 Wireless Midco 1 Limited2 UK 100% Intermediate holding company The Scalpel, 52 Lime Street, London EC3M 7AF
D9 Wireless Opco 2 Limited3 UK 100% Intermediate holding company The Scalpel, 52 Lime Street, London EC3M 7AF
Aqua Comms Ireland 2 Limited4 Ireland 100% Intermediate holding company The Exchange Building, Foster Place, Dublin 2, D02 E796
Aqua Comms MED Limited Ireland 100% Intermediate holding company The Exchange Building, Foster Place, Dublin 2, D02 E796
Openbyte Infrastructure Private Limited India 100% Intermediate holding company E44/11 Okhla Industrail State Phase 2, New Delhi, 110020
Leeson Telecom Limited6 Ireland 100% Enterprise broadband 6-9 Trinity St, Dublin, D02 EY47, Ireland
Leeson Telecom One Limited6 Ireland 100% Enterprise broadband 6-9 Trinity St, Dublin, D02 EY47, Ireland
Leeson Telecom Holdings Limited5 Ireland 100% Enterprise broadband 6-9 Trinity St, Dublin, D02 EY47, Ireland
W R Computer Network Limited5 Ireland 100% Enterprise broadband 6-9 Trinity St, Dublin, D02 EY47, Ireland
Arqiva Group Limited6 UK 48.02% Holding company Crawley Court, Winchester, Hampshire SO21 2QA
\n 1 Held by Digital 9 Subsea Holdco limited 2 Held by Digital 9 Wireless Limited 3 Held by D9 Wireless Midco 1 Limited 4 Held by Digital 9 Subsea Limited 5 Held by Leeson Telecom Limited 6 Held by D9 Wireless Opco 1 Limited The Investee Companies above are restricted in transferring cash to the Company due to the need to fulfil their capex and operational cash requirements first. The Company is committed to fund capex totalling \u00a3nil (2024: \u00a37.4 million) for Aqua Comms Ireland 2 Limited in respect of EMIC-1 project, having sold the investment during the year.\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260418045907757": { "value": "\n \n (c) New and amended standards adopted by the Company A number of amended standards became applicable for the current reporting period. The Group did not have to change its accounting policies or make retrospective adjustments as a result of adopting these amended standards. Management do not expect the new or amended standards will have a material impact on the Company\u2019s financial statements. The most significant of these standards are set out below:\n \n \n \n New standards and amendments \u2013 applicable 1 January 2025 (a) Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates titled Lack of Exchangeability (the Company has adopted the amendments to IAS 21 for the first time in the current year. The amendments specify how to assess whether a currency is exchangeable, and how to determine the exchange rate when it is not.)\n FORTHCOMING REQUIREMENTS The following standards and interpretations had been issued but were not in effect for annual reporting periods ending on 31 December 2025. (a) Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Amendments to the Classification and Measurement of Financial Instruments (effective date 1 January 2026). (b) Annual Improvements to IFRS Accounting Standards \u2013 Volume 11: Amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards, IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7, IFRS 9 Financial Instruments, IFRS 10 Consolidated Financial Statements, and IAS 7 Statement of Cash Flows (effective date 1 January 2026). (c) Amendments to IFRS 9 and IFRS 7: Contracts Referencing Nature-dependent Electricity (effective date 1 January 2026). (d) IFRS 18 Presentation and Disclosure in Financial Statements (effective date of 1 January 2027). (e) IFRS 19 Subsidiaries without Public Accountability: Disclosures (effective date of 1 January 2027) The directors do not expect that the adoption of the standards listed above will have a material impact on the financial statements of the group in future periods, except if indicated below: \u2022 IFRS 18 Presentation and Disclosure in Financial Statements (effective date of 1 January 2027). IFRS 18 introduces new requirement to: o present specified categories and defined subtotals in the statement of profit or loss o provide disclosures on management-defined performance measures (MPMs) in the notes to the financial statements o improve aggregation and disaggregation. The directors of the entity anticipate that the application of these amendments may have an impact on the group\u2019s financial statements in future periods. IFRS 18 does not alter the measurement of financial performance, it significantly impacts how results are presented and structured, aiming to reduce the inconsistency in reported figures.\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260418045958501": { "value": "\n (c) New and amended standards adopted by the Company A number of amended standards became applicable for the current reporting period. The Group did not have to change its accounting policies or make retrospective adjustments as a result of adopting these amended standards. Management do not expect the new or amended standards will have a material impact on the Company\u2019s financial statements. The most significant of these standards are set out below:\n \n New standards and amendments \u2013 applicable 1 January 2025 (a) Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates titled Lack of Exchangeability (the Company has adopted the amendments to IAS 21 for the first time in the current year. The amendments specify how to assess whether a currency is exchangeable, and how to determine the exchange rate when it is not.)\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416200430966": { "value": "\n 3. MATERIAL ACCOUNTING POLICIES \n \n (a) Financial Instruments Financial assets and financial liabilities are recognised on the Company\u2019s Statement of Financial Position when the Company becomes a party to the contractual provisions of the instrument. Financial assets are to be derecognised when the contractual rights to the cash flows from the instrument expire or the asset is transferred, and the transfer qualifies for de-recognition in accordance with IFRS 9 \u201cFinancial Instruments\u201d. The Company did not use any derivative financial instruments during the period. \n \n (i) Financial assets The Company\u2019s investment in D9 Holdco comprises both equity and debt. The Company classifies its financial assets as either investments at fair value through profit or loss or financial assets at amortised cost (e.g. cash and cash equivalents and trade and other receivables). The classification depends on the purpose for which the financial assets are acquired. Management determines the classification of its financial assets at initial recognition. \n \n (ii) Investments at fair value through profit or loss At initial recognition, the Company measures its investments through its investment in D9 Holdco, at fair value through profit or loss and any transaction costs are expensed to the Statement of Comprehensive Income. The Company will subsequently continue to measure all investments at fair value and any changes in the fair value are to be recognised as unrealised gains or losses through profit or loss within the capital column of the Statement of Comprehensive Income.\n \n \n \n \n \n \n \n IFRS 13 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). When measuring fair value, the Company takes into consideration the characteristics of the asset or liability if market participants would take those characteristics into account when pricing the asset or liability at the measurement date, including assumptions about risk.\n \n \n \n (iii) Financial liabilities and equity Debt and equity instruments are measured at amortised cost and are classified as either financial liabilities or as equity in accordance with the substance of the contractual arrangement. All financial liabilities are classified as at amortised cost. These liabilities are initially measured at fair value less transaction costs and subsequently using the effective interest method.\n \n \n (iv) Equity instruments The Company\u2019s Ordinary Shares are classified as equity under stated capital and are not redeemable. Costs associated or directly attributable to the issue of new equity shares, including the costs incurred in relation to the Company\u2019s IPO on 31 March 2021 and its subsequent equity raises, are recognised as a deduction in equity and are charged against stated capital.\n \n \n \n \n (b) Finance income Finance income is recognised using the effective interest method. This is calculated by applying the effective interest rate to the gross carrying amount of a financial asset unless the assets subsequently became credit impaired. In the latter case, the effective interest rate is applied to the amortised cost of the financial asset. Finance income is recognised on an accruals basis.\n \n \n (c) Finance expenses Borrowing costs are recognised in the Statement of Comprehensive Income in the period to which they relate on an accruals basis.\n \n \n \n \n \n \n (d) Fair value estimation for investments at fair value The fair value of financial investments at fair value through profit or loss is based on the valuation models adjusted in accordance with the IPEV (International Private Equity and Venture Capital) valuation guidelines December 2022 to comply with IFRS 13. Where applicable, investments are also referenced and considered against the external market information. The Company records the fair value of D9 Holdco by calculating and aggregating the fair value of each of the individual investments in which the Company holds an indirect investment. The total change in the fair value of the investment in D9 Holdco is recorded through profit and loss within the capital column of the Statement of Comprehensive Income.\n \n \n \n (e) Cash and cash equivalents Cash and cash equivalents comprise cash balances and deposits held on call with banks. Deposits to be held with original maturities of greater than three months are included in other financial assets. Cash and cash equivalents are measured at amortised cost using the effective interest method and assessed for expected credit losses at each reporting date. There are no material expected credit losses as the bank institution has high credit ratings assigned by international credit rating agencies.\n \n \n (f) Trade and other receivables Trade and other receivables are measured at amortised cost using the effective interest method, less any impairment. They are included in current assets, except where maturities are greater than 12 months after the reporting date, in which case they are to be classified as non-current assets. The effective interest rate is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument to the relevant asset\u2019s carrying amount. Impairment provisions for all receivables are recognised based on a forward-looking expected credit loss model using the simplified approach. The methodology used to determine the amount of the provision is based on whether there has been a significant increase in credit risk since initial recognition of the financial asset. For those where the credit risk has not increased significantly since initial recognition of the financial asset, 12 month expected credit losses along with gross interest income are recognised. For those for which credit risk has increased significantly, lifetime expected credit losses along with the gross interest income are recognised. For those that are determined to be credit impaired, lifetime expected credit losses along with interest income on a net basis are recognised.\n \n \n (g) Amortised costs Assets that are held for collection of contractual cash flows, where those cash flows represent solely payments of principal and interest, are measured at amortised cost. Interest income from these financial assets is included in finance income using the effective interest rate method. Any gain or loss arising on derecognition is recognised directly in profit or loss and presented in other gains/ (losses) together with foreign exchange gains and losses. Impairment losses are presented as a separate line item in the statement of profit or loss. \n \n (h) Trade and other payables Trade and other payables are classified as current liabilities if payment is due within one year or less from the end of the current accounting period. If not, they are presented as non-current liabilities. Trade and other payables are recognised initially at their fair value and subsequently measured at amortised cost using the effective interest method until settled.\n \n \n (i) Segmental reporting The Chief Operating Decision Maker (the \u201cCODM\u201d) being the Board of Directors, is of the opinion that the Company is engaged in a single segment of business, being investment in digital infrastructure projects. The internal financial information to be used by the CODM on a quarterly basis to allocate resources, assess performance and manage the Company will present the business as a single segment comprising the portfolio of investments in digital infrastructure assets.\n \n \n (j) Foreign currency transactions and balances Transactions in foreign currencies are translated at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the reporting date are translated at the foreign exchange rate ruling at that date. Foreign exchange differences arising on translation are recognised in the Statement of Comprehensive Income as a revenue or capital item depending on the income or expense to which they relate. All exchange differences recognised in income or expenses, except for those arising on financial instruments measured at fair value through profit or loss in accordance with IFRS 9, is on an aggregate net basis. The total amount of exchange differences recognised in income or expenses includes exchange differences recognised on subsequent settlement and re-translation to the closing rate on balances arising from foreign currency transactions.\n \n \n (k) Revenue recognition Gains and losses on fair value of investments in the Statement of Comprehensive Income will represent gains or losses that arise from the movement in the fair value of the Company\u2019s investment in D9 Holdco. Investment income comprises dividend income received from the Company\u2019s direct subsidiary, D9 Holdco. Interest income is recognised in the Statement of Comprehensive Income using the effective interest method. Other income is recognised to the extent that the economic benefits will flow to the Company and the income can be reliably measured. Income is measured as the fair value of consideration received or receivable, excluding discounts, rebates and value added tax. Other Income comprises fees charged to Investee Companies under a Management Services Agreement. Other Income is recognised 100% through revenue. Dividend income receivable on equity shares is recognised on the ex-dividend date. Dividend income on equity shares where no ex- dividend date is quoted is brought into account when the Company\u2019s right to receive payment is established.\n \n \n (l) Dividends Dividends payable are recognised as distribution in the financial statements in the period in which they are paid or when the Company\u2019s obligation to make payment has been established.\n \n \n (m) Expenses Expenses are accounted for on an accruals basis. Share issue costs of the Company directly attributable to the issue and listing of shares are charged to stated capital. The Company\u2019s investment management fee, administration fees and all other expenses are charged through the Statement of Comprehensive Income. In order to better reflect the activities of an investment trust company and in accordance with guidance issued by the AIC SORP, supplementary information which analyses the Statement of Comprehensive Income between items of a revenue and a capital nature has been presented alongside the Statement of Comprehensive Income.\n \n \n \n Expenses have been charged wholly to the revenue column of the Statement of Comprehensive Income, except as follows: \u2022 expenses which are incidental to the acquisition or disposal of an investment are treated as capital; \u2022 expenses are treated as capital where a connection with the maintenance or enhancement of the value of the investments can be demonstrated; and \u2022 the investment management fee has been allocated 100% to revenue in 2025 (2024: 75% to revenue and 25% to capital) on the Statement of Comprehensive Income. The Board have decided to stop allocating indirect costs between capital and revenue as it is not a useful metric in a wind down scenario.\n (n) Acquisition costs and disposals In line with SORP, acquisition costs and disposals are expensed to the capital column of the Statement of Comprehensive Income as they are incurred for investments which are held at fair value through profit or loss. \n \n (o) Taxation The tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on the taxable profit for the year. Taxable profit differs from net profit as reported in the Statement of Comprehensive Income because it excludes items of income or expenses that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The Company\u2019s liability for current tax is calculated using tax rates that were applicable at the balance sheet date. Where expenses are allocated between the capital and revenue accounts, any tax relief in respect of expenses is allocated between capital and revenue returns on the marginal basis using the Company\u2019s effective rate of corporation tax for the accounting period. \n \n Deferred taxation is recognised in respect of all temporary differences that have originated but not reversed at the financial reporting date, where transactions or events that result in an obligation to pay more taxation in the future or right to pay less taxation in the future have occurred at the financial reporting date. This is subject to deferred tax assets only being recognised if it is considered more likely than not that there will be suitable profits from which the future reversal of the temporary differences can be deducted. Deferred tax is measured on a non-discounted basis, at the average tax rates that are expected to apply in the periods in which the timing differences are expected to reverse based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.\n \n \n \n (p) Earnings per share The Company presents basic and diluted earnings per share (\u201cEPS\u201d). (i) Basic earnings per share Basic earnings per share is calculated by dividing: \u2022 the profit attributable to owners of the Company, excluding any costs of servicing equity other than Ordinary Shares; by \u2022 the weighted average number of Ordinary Shares outstanding during the financial year, adjusted for bonus elements in Ordinary Shares issued during the year and excluding treasury shares (ii) Diluted earnings per share Diluted earnings per share adjusts the figures used in the determination of basic earnings per share to take into account: \u2022 the after-income tax effect of interest and other financing costs associated with dilutive potential Ordinary Shares, and \u2022 the weighted average number of additional Ordinary Shares that would have been outstanding assuming the conversion of all dilutive potential Ordinary Shares.\n \n ", "dimensions": { "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416200756323": { "value": "\n (a) Financial Instruments Financial assets and financial liabilities are recognised on the Company\u2019s Statement of Financial Position when the Company becomes a party to the contractual provisions of the instrument. Financial assets are to be derecognised when the contractual rights to the cash flows from the instrument expire or the asset is transferred, and the transfer qualifies for de-recognition in accordance with IFRS 9 \u201cFinancial Instruments\u201d. The Company did not use any derivative financial instruments during the period. \n \n (i) Financial assets The Company\u2019s investment in D9 Holdco comprises both equity and debt. The Company classifies its financial assets as either investments at fair value through profit or loss or financial assets at amortised cost (e.g. cash and cash equivalents and trade and other receivables). The classification depends on the purpose for which the financial assets are acquired. Management determines the classification of its financial assets at initial recognition. \n \n (ii) Investments at fair value through profit or loss At initial recognition, the Company measures its investments through its investment in D9 Holdco, at fair value through profit or loss and any transaction costs are expensed to the Statement of Comprehensive Income. The Company will subsequently continue to measure all investments at fair value and any changes in the fair value are to be recognised as unrealised gains or losses through profit or loss within the capital column of the Statement of Comprehensive Income.\n \n \n \n \n \n IFRS 13 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). When measuring fair value, the Company takes into consideration the characteristics of the asset or liability if market participants would take those characteristics into account when pricing the asset or liability at the measurement date, including assumptions about risk.\n \n \n \n (iii) Financial liabilities and equity Debt and equity instruments are measured at amortised cost and are classified as either financial liabilities or as equity in accordance with the substance of the contractual arrangement. All financial liabilities are classified as at amortised cost. These liabilities are initially measured at fair value less transaction costs and subsequently using the effective interest method.\n \n \n (iv) Equity instruments The Company\u2019s Ordinary Shares are classified as equity under stated capital and are not redeemable. Costs associated or directly attributable to the issue of new equity shares, including the costs incurred in relation to the Company\u2019s IPO on 31 March 2021 and its subsequent equity raises, are recognised as a deduction in equity and are charged against stated capital.\n \n ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416195522533": { "value": "\n (i) Financial assets The Company\u2019s investment in D9 Holdco comprises both equity and debt. The Company classifies its financial assets as either investments at fair value through profit or loss or financial assets at amortised cost (e.g. cash and cash equivalents and trade and other receivables). The classification depends on the purpose for which the financial assets are acquired. Management determines the classification of its financial assets at initial recognition. \n \n (ii) Investments at fair value through profit or loss At initial recognition, the Company measures its investments through its investment in D9 Holdco, at fair value through profit or loss and any transaction costs are expensed to the Statement of Comprehensive Income. The Company will subsequently continue to measure all investments at fair value and any changes in the fair value are to be recognised as unrealised gains or losses through profit or loss within the capital column of the Statement of Comprehensive Income.\n \n \n \n IFRS 13 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). When measuring fair value, the Company takes into consideration the characteristics of the asset or liability if market participants would take those characteristics into account when pricing the asset or liability at the measurement date, including assumptions about risk.\n \n ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416200025966": { "value": "\n (ii) Investments at fair value through profit or loss At initial recognition, the Company measures its investments through its investment in D9 Holdco, at fair value through profit or loss and any transaction costs are expensed to the Statement of Comprehensive Income. The Company will subsequently continue to measure all investments at fair value and any changes in the fair value are to be recognised as unrealised gains or losses through profit or loss within the capital column of the Statement of Comprehensive Income.\n \n IFRS 13 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). When measuring fair value, the Company takes into consideration the characteristics of the asset or liability if market participants would take those characteristics into account when pricing the asset or liability at the measurement date, including assumptions about risk.\n ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416195722243": { "value": "\n (iii) Financial liabilities and equity Debt and equity instruments are measured at amortised cost and are classified as either financial liabilities or as equity in accordance with the substance of the contractual arrangement. All financial liabilities are classified as at amortised cost. These liabilities are initially measured at fair value less transaction costs and subsequently using the effective interest method.\n ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416195830418": { "value": "\n (iv) Equity instruments The Company\u2019s Ordinary Shares are classified as equity under stated capital and are not redeemable. Costs associated or directly attributable to the issue of new equity shares, including the costs incurred in relation to the Company\u2019s IPO on 31 March 2021 and its subsequent equity raises, are recognised as a deduction in equity and are charged against stated capital.\n ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260417010431346": { "value": "\n \n (b) Finance income Finance income is recognised using the effective interest method. This is calculated by applying the effective interest rate to the gross carrying amount of a financial asset unless the assets subsequently became credit impaired. In the latter case, the effective interest rate is applied to the amortised cost of the financial asset. Finance income is recognised on an accruals basis.\n \n \n (c) Finance expenses Borrowing costs are recognised in the Statement of Comprehensive Income in the period to which they relate on an accruals basis.\n \n \n \n ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260418051300334": { "value": "\n (b) Finance income Finance income is recognised using the effective interest method. This is calculated by applying the effective interest rate to the gross carrying amount of a financial asset unless the assets subsequently became credit impaired. In the latter case, the effective interest rate is applied to the amortised cost of the financial asset. Finance income is recognised on an accruals basis.\n \n \n (c) Finance expenses Borrowing costs are recognised in the Statement of Comprehensive Income in the period to which they relate on an accruals basis.\n \n \n ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260417010645359": { "value": "\n \n (c) Finance expenses Borrowing costs are recognised in the Statement of Comprehensive Income in the period to which they relate on an accruals basis.\n \n ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260418051542398": { "value": "\n (c) Finance expenses Borrowing costs are recognised in the Statement of Comprehensive Income in the period to which they relate on an accruals basis.\n ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260417011449071": { "value": "\n \n (d) Fair value estimation for investments at fair value The fair value of financial investments at fair value through profit or loss is based on the valuation models adjusted in accordance with the IPEV (International Private Equity and Venture Capital) valuation guidelines December 2022 to comply with IFRS 13. Where applicable, investments are also referenced and considered against the external market information. The Company records the fair value of D9 Holdco by calculating and aggregating the fair value of each of the individual investments in which the Company holds an indirect investment. The total change in the fair value of the investment in D9 Holdco is recorded through profit and loss within the capital column of the Statement of Comprehensive Income.\n \n ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognisingDifferenceBetweenFairValueAtInitialRecognitionAndAmountDeterminedUsingValuationTechniqueExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260418163724626": { "value": "\n (d) Fair value estimation for investments at fair value The fair value of financial investments at fair value through profit or loss is based on the valuation models adjusted in accordance with the IPEV (International Private Equity and Venture Capital) valuation guidelines December 2022 to comply with IFRS 13. Where applicable, investments are also referenced and considered against the external market information. The Company records the fair value of D9 Holdco by calculating and aggregating the fair value of each of the individual investments in which the Company holds an indirect investment. The total change in the fair value of the investment in D9 Holdco is recorded through profit and loss within the capital column of the Statement of Comprehensive Income.\n ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416200637464": { "value": "\n (e) Cash and cash equivalents Cash and cash equivalents comprise cash balances and deposits held on call with banks. Deposits to be held with original maturities of greater than three months are included in other financial assets. Cash and cash equivalents are measured at amortised cost using the effective interest method and assessed for expected credit losses at each reporting date. There are no material expected credit losses as the bank institution has high credit ratings assigned by international credit rating agencies.\n ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416200611300": { "value": "\n (f) Trade and other receivables Trade and other receivables are measured at amortised cost using the effective interest method, less any impairment. They are included in current assets, except where maturities are greater than 12 months after the reporting date, in which case they are to be classified as non-current assets. The effective interest rate is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument to the relevant asset\u2019s carrying amount. Impairment provisions for all receivables are recognised based on a forward-looking expected credit loss model using the simplified approach. The methodology used to determine the amount of the provision is based on whether there has been a significant increase in credit risk since initial recognition of the financial asset. For those where the credit risk has not increased significantly since initial recognition of the financial asset, 12 month expected credit losses along with gross interest income are recognised. For those for which credit risk has increased significantly, lifetime expected credit losses along with the gross interest income are recognised. For those that are determined to be credit impaired, lifetime expected credit losses along with interest income on a net basis are recognised.\n ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416200405714": { "value": "\n (h) Trade and other payables Trade and other payables are classified as current liabilities if payment is due within one year or less from the end of the current accounting period. If not, they are presented as non-current liabilities. Trade and other payables are recognised initially at their fair value and subsequently measured at amortised cost using the effective interest method until settled.\n ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416200153406": { "value": "\n (i) Segmental reporting The Chief Operating Decision Maker (the \u201cCODM\u201d) being the Board of Directors, is of the opinion that the Company is engaged in a single segment of business, being investment in digital infrastructure projects. The internal financial information to be used by the CODM on a quarterly basis to allocate resources, assess performance and manage the Company will present the business as a single segment comprising the portfolio of investments in digital infrastructure assets.\n ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416195734733": { "value": "\n (j) Foreign currency transactions and balances Transactions in foreign currencies are translated at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the reporting date are translated at the foreign exchange rate ruling at that date. Foreign exchange differences arising on translation are recognised in the Statement of Comprehensive Income as a revenue or capital item depending on the income or expense to which they relate. All exchange differences recognised in income or expenses, except for those arising on financial instruments measured at fair value through profit or loss in accordance with IFRS 9, is on an aggregate net basis. The total amount of exchange differences recognised in income or expenses includes exchange differences recognised on subsequent settlement and re-translation to the closing rate on balances arising from foreign currency transactions.\n ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416195655218": { "value": "\n (k) Revenue recognition Gains and losses on fair value of investments in the Statement of Comprehensive Income will represent gains or losses that arise from the movement in the fair value of the Company\u2019s investment in D9 Holdco. Investment income comprises dividend income received from the Company\u2019s direct subsidiary, D9 Holdco. Interest income is recognised in the Statement of Comprehensive Income using the effective interest method. Other income is recognised to the extent that the economic benefits will flow to the Company and the income can be reliably measured. Income is measured as the fair value of consideration received or receivable, excluding discounts, rebates and value added tax. Other Income comprises fees charged to Investee Companies under a Management Services Agreement. Other Income is recognised 100% through revenue. Dividend income receivable on equity shares is recognised on the ex-dividend date. Dividend income on equity shares where no ex- dividend date is quoted is brought into account when the Company\u2019s right to receive payment is established.\n ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416195318119": { "value": "\n (l) Dividends Dividends payable are recognised as distribution in the financial statements in the period in which they are paid or when the Company\u2019s obligation to make payment has been established.\n ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416193535281": { "value": "\n (m) Expenses Expenses are accounted for on an accruals basis. Share issue costs of the Company directly attributable to the issue and listing of shares are charged to stated capital. The Company\u2019s investment management fee, administration fees and all other expenses are charged through the Statement of Comprehensive Income. In order to better reflect the activities of an investment trust company and in accordance with guidance issued by the AIC SORP, supplementary information which analyses the Statement of Comprehensive Income between items of a revenue and a capital nature has been presented alongside the Statement of Comprehensive Income.\n \n Expenses have been charged wholly to the revenue column of the Statement of Comprehensive Income, except as follows: \u2022 expenses which are incidental to the acquisition or disposal of an investment are treated as capital; \u2022 expenses are treated as capital where a connection with the maintenance or enhancement of the value of the investments can be demonstrated; and \u2022 the investment management fee has been allocated 100% to revenue in 2025 (2024: 75% to revenue and 25% to capital) on the Statement of Comprehensive Income. The Board have decided to stop allocating indirect costs between capital and revenue as it is not a useful metric in a wind down scenario.\n ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416193437161": { "value": "\n (o) Taxation The tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on the taxable profit for the year. Taxable profit differs from net profit as reported in the Statement of Comprehensive Income because it excludes items of income or expenses that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The Company\u2019s liability for current tax is calculated using tax rates that were applicable at the balance sheet date. Where expenses are allocated between the capital and revenue accounts, any tax relief in respect of expenses is allocated between capital and revenue returns on the marginal basis using the Company\u2019s effective rate of corporation tax for the accounting period. \n \n Deferred taxation is recognised in respect of all temporary differences that have originated but not reversed at the financial reporting date, where transactions or events that result in an obligation to pay more taxation in the future or right to pay less taxation in the future have occurred at the financial reporting date. This is subject to deferred tax assets only being recognised if it is considered more likely than not that there will be suitable profits from which the future reversal of the temporary differences can be deducted. Deferred tax is measured on a non-discounted basis, at the average tax rates that are expected to apply in the periods in which the timing differences are expected to reverse based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.\n \n ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416193353194": { "value": "\n Deferred taxation is recognised in respect of all temporary differences that have originated but not reversed at the financial reporting date, where transactions or events that result in an obligation to pay more taxation in the future or right to pay less taxation in the future have occurred at the financial reporting date. This is subject to deferred tax assets only being recognised if it is considered more likely than not that there will be suitable profits from which the future reversal of the temporary differences can be deducted. Deferred tax is measured on a non-discounted basis, at the average tax rates that are expected to apply in the periods in which the timing differences are expected to reverse based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.\n ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416193316127": { "value": "\n (p) Earnings per share The Company presents basic and diluted earnings per share (\u201cEPS\u201d). (i) Basic earnings per share Basic earnings per share is calculated by dividing: \u2022 the profit attributable to owners of the Company, excluding any costs of servicing equity other than Ordinary Shares; by \u2022 the weighted average number of Ordinary Shares outstanding during the financial year, adjusted for bonus elements in Ordinary Shares issued during the year and excluding treasury shares (ii) Diluted earnings per share Diluted earnings per share adjusts the figures used in the determination of basic earnings per share to take into account: \u2022 the after-income tax effect of interest and other financing costs associated with dilutive potential Ordinary Shares, and \u2022 the weighted average number of additional Ordinary Shares that would have been outstanding assuming the conversion of all dilutive potential Ordinary Shares.\n ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416193156251": { "value": "\n 4. SIGNIFICANT ACCOUNTING JUDGEMENTS, ESTIMATES AND ASSUMPTIONS In the application of the Company\u2019s accounting policies, the Directors are required to make judgements, estimates and assumptions that affect the reported amounts of assets, liabilities, income and expenses. It is possible that actual results may differ from these estimates. (a) Significant accounting judgements (i) Investment entity As discussed above in Note 2(b), the Company meets the definition of an investment entity as defined in IFRS 10 and therefore its subsidiary entities have not been consolidated in these financial statements. \n \n (b) Key sources of estimation uncertainty The estimates and underlying assumptions underpinning our investments are reviewed on an ongoing basis by both the Board and the Investment Manager. Revisions to any accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.\n \n \n (i) Fair value measurement of investments at fair value through profit or loss The Company owns 100% of D9 Holdco, which through its wholly-owned subsidiaries invests in Digital Infrastructure projects. The fair value of investments in digital infrastructure projects is calculated by discounting at an appropriate discount rate future cash flows expected to be generated by the trading subsidiary companies and received by D9 Holdco, through dividend income, equity redemptions and Shareholder loan repayments or restructurings and adjusted in accordance with the IPEV (International Private Equity and Venture Capital) valuation guidelines, where appropriate, to comply with IFRS 13 and IFRS 9. For December 2025 the Board received and challenged an independent report and opinion on the Investment Manager\u2019s valuation from a third-party valuation expert on Arqiva and Elio Networks. Estimates such as the forecasted cash flows from investments form the basis of making judgements about the fair value of assets, which is not readily available from other sources. The discounted cash flows from earnings are forecasted over a period of up to 25 years followed by a terminal value based on a long-term growth rate or exit multiple. Discount rates are arrived at via a bottom-up analysis of the weighted average cost of capital, using both observable and unobservable inputs, and calculation of the appropriate beta based on comparable listed companies where appropriate, a sense-check to the DCF analysis is compared to market multiples.To do this, implied multiples from the DCF analysis are calculated and considered against the multiples available for reasonably comparable quoted companies and any relevant recent sector transactions. It should be noted that finding directly comparable companies to Arqiva and Elio Networks is challenging and as a result no directly comparable companies have been identified. Similarly, there have been few recent transactions with publicly available information where the target is directly comparable to the businesses. As a result, whilst the market multiples approach is a useful crosscheck to the DCF analysis, less reliance should be placed upon it. A broad range of assumptions are used in the Company\u2019s valuation models, which are arrived at by reviewing and challenging the business plans of the Investee Companies with their management. The Investment Manager exercises its judgement and uses its experience in assessing the expected future cash flows from each investment and long-term growth rates. The impact of changes in the key drivers of the valuation are set out below. The following significant unobservable inputs were used in the model, cash flows, terminal value and discount rates. The key area where estimates are significant to the financial statements and have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year is in the valuation of the investment portfolio. The key risks to the portfolio are discussed in further detail in the Risk report. Arqiva and Elio Networks are valued on a discounted cash flow basis which requires assumptions to be made regarding future cash flows, terminal value and the discount rate to be applied to these cash flows. Where appropriate, relevant market transactions by other investors and transactions for comparable companies are also factored in. The discount rate applied to the cash flows in each investment portfolio company is a key source of estimation uncertainty. The acquisition discount rate is adjusted to reflect changes in company-specific risks to the deliverability of future cash flows and is calibrated against secondary market information and other available data points, including comparable transactions. The weighted average discount rate used in these valuations was 14.5%. The cash flows on which the discounted cash flow valuations are based are derived from detailed financial models. These incorporate a number of assumptions with respect to individual portfolio companies, including: forecast new business wins or new orders; cost- cutting initiatives; liquidity and timing of debtor payments; timing of non-committed capital expenditure and construction activity; the terms of future debt refinancing; and macroeconomic assumptions such as inflation and energy prices.\n \n \n \n The terminal value attributes a residual value to the portfolio company at the end of the projected discrete cash flow period based on market comparables. The valuation of each asset has significant estimation in relation to asset-specific items but there is also consideration given to the impact of wider megatrends such as the transition to a lower-carbon economy and climate change. We note that the December 2023 valuations has been reviewed by an independent third-party valuation expert as discussed in the Chair\u2019s Statement. A prior year adjustment has been accounted for in the financial statements as at 31 December 2023. Please refer to the Prior Year Adjustment Review subsection in the Chair\u2019s Statement and see Note 25 of these accounts for more information.\n \n ", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416193011799": { "value": "\n (b) Key sources of estimation uncertainty The estimates and underlying assumptions underpinning our investments are reviewed on an ongoing basis by both the Board and the Investment Manager. Revisions to any accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.\n ", "dimensions": { "concept": "ifrs-full:DescriptionOfUncertaintiesOfEntitysAbilityToContinueAsGoingConcern", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416192917282": { "value": "\n (i) Fair value measurement of investments at fair value through profit or loss The Company owns 100% of D9 Holdco, which through its wholly-owned subsidiaries invests in Digital Infrastructure projects. The fair value of investments in digital infrastructure projects is calculated by discounting at an appropriate discount rate future cash flows expected to be generated by the trading subsidiary companies and received by D9 Holdco, through dividend income, equity redemptions and Shareholder loan repayments or restructurings and adjusted in accordance with the IPEV (International Private Equity and Venture Capital) valuation guidelines, where appropriate, to comply with IFRS 13 and IFRS 9. For December 2025 the Board received and challenged an independent report and opinion on the Investment Manager\u2019s valuation from a third-party valuation expert on Arqiva and Elio Networks. Estimates such as the forecasted cash flows from investments form the basis of making judgements about the fair value of assets, which is not readily available from other sources. The discounted cash flows from earnings are forecasted over a period of up to 25 years followed by a terminal value based on a long-term growth rate or exit multiple. Discount rates are arrived at via a bottom-up analysis of the weighted average cost of capital, using both observable and unobservable inputs, and calculation of the appropriate beta based on comparable listed companies where appropriate, a sense-check to the DCF analysis is compared to market multiples.To do this, implied multiples from the DCF analysis are calculated and considered against the multiples available for reasonably comparable quoted companies and any relevant recent sector transactions. It should be noted that finding directly comparable companies to Arqiva and Elio Networks is challenging and as a result no directly comparable companies have been identified. Similarly, there have been few recent transactions with publicly available information where the target is directly comparable to the businesses. As a result, whilst the market multiples approach is a useful crosscheck to the DCF analysis, less reliance should be placed upon it. A broad range of assumptions are used in the Company\u2019s valuation models, which are arrived at by reviewing and challenging the business plans of the Investee Companies with their management. The Investment Manager exercises its judgement and uses its experience in assessing the expected future cash flows from each investment and long-term growth rates. The impact of changes in the key drivers of the valuation are set out below. The following significant unobservable inputs were used in the model, cash flows, terminal value and discount rates. The key area where estimates are significant to the financial statements and have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year is in the valuation of the investment portfolio. The key risks to the portfolio are discussed in further detail in the Risk report. Arqiva and Elio Networks are valued on a discounted cash flow basis which requires assumptions to be made regarding future cash flows, terminal value and the discount rate to be applied to these cash flows. Where appropriate, relevant market transactions by other investors and transactions for comparable companies are also factored in. The discount rate applied to the cash flows in each investment portfolio company is a key source of estimation uncertainty. The acquisition discount rate is adjusted to reflect changes in company-specific risks to the deliverability of future cash flows and is calibrated against secondary market information and other available data points, including comparable transactions. The weighted average discount rate used in these valuations was 14.5%. The cash flows on which the discounted cash flow valuations are based are derived from detailed financial models. These incorporate a number of assumptions with respect to individual portfolio companies, including: forecast new business wins or new orders; cost- cutting initiatives; liquidity and timing of debtor payments; timing of non-committed capital expenditure and construction activity; the terms of future debt refinancing; and macroeconomic assumptions such as inflation and energy prices.\n \n The terminal value attributes a residual value to the portfolio company at the end of the projected discrete cash flow period based on market comparables. The valuation of each asset has significant estimation in relation to asset-specific items but there is also consideration given to the impact of wider megatrends such as the transition to a lower-carbon economy and climate change. We note that the December 2023 valuations has been reviewed by an independent third-party valuation expert as discussed in the Chair\u2019s Statement. A prior year adjustment has been accounted for in the financial statements as at 31 December 2023. Please refer to the Prior Year Adjustment Review subsection in the Chair\u2019s Statement and see Note 25 of these accounts for more information.\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416192601473": { "value": "\n \n \n \n 5. INCOME FROM INVESTMENTS HELD AT FAIR VALUE AND OTHER INCOME \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Year ended 31 December 2025 Year ended 31 December 2024
\u00a3\u2019000 \u00a3\u2019000
UK dividends \u2013 \u2013
Loan interest income 2,842 2,545
Other income 1,844 585
4,686 3,130
\n Dividends are under income from investments whist other Income comprises Management Services Fees charged to the Company\u2019s subsidiaries.\n \n \n \n ", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416192646648": { "value": "\n \n \n 5. INCOME FROM INVESTMENTS HELD AT FAIR VALUE AND OTHER INCOME \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Year ended 31 December 2025 Year ended 31 December 2024
\u00a3\u2019000 \u00a3\u2019000
UK dividends \u2013 \u2013
Loan interest income 2,842 2,545
Other income 1,844 585
4,686 3,130
\n Dividends are under income from investments whist other Income comprises Management Services Fees charged to the Company\u2019s subsidiaries.\n \n \n \n 14. DIVIDENDS PAID There were \u00a3Nil dividends paid in the year to 31 December 2025 (31 December 2024: \u00a3Nil).\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfDividendsExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260418053642061": { "value": "\n \n 5. INCOME FROM INVESTMENTS HELD AT FAIR VALUE AND OTHER INCOME \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Year ended 31 December 2025 Year ended 31 December 2024
\u00a3\u2019000 \u00a3\u2019000
UK dividends \u2013 \u2013
Loan interest income 2,842 2,545
Other income 1,844 585
4,686 3,130
\n Dividends are under income from investments whist other Income comprises Management Services Fees charged to the Company\u2019s subsidiaries.\n \n ", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260418053707773": { "value": "\n 5. INCOME FROM INVESTMENTS HELD AT FAIR VALUE AND OTHER INCOME \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Year ended 31 December 2025 Year ended 31 December 2024
\u00a3\u2019000 \u00a3\u2019000
UK dividends \u2013 \u2013
Loan interest income 2,842 2,545
Other income 1,844 585
4,686 3,130
\n Dividends are under income from investments whist other Income comprises Management Services Fees charged to the Company\u2019s subsidiaries.\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416192455777": { "value": "\n \n 6. INVESTMENT MANAGEMENT FEES \n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Year ended 31 December 2025 Year ended 31 December 2024
Revenue Capital Total Revenue Capital Total
\u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000
Management fees 1 2,988 \u2013 2,988 5,209 1,736 6,945
Total management fees 2,988 \u2013 2,988 5,209 1,736 6,945
\n 1 The 2025 management fee includes a \u00a30.8 million release of a previously accrued management fee payable to Triple Point. Of the management fee recognised in 2024, \u00a36.1 million related to Triple Point and \u00a30.8 million related to InfraRed for the period from 11 October 2024 to 31 December 2024. In 2024, management fees were allocated between revenue and capital on a 75/25 basis. Following the change in the Company\u2019s strategy to a Managed Wind-Down in 2025, the Board determined that this allocation was no longer appropriate and, accordingly, all management fees were allocated to revenue in 2025. The Company entered into an Investment Management Agreement (\u201cIMA\u201d) with Triple Point on 8 March 2021. The Company served notice to terminate this agreement in March 2024. Under the terms of the IMA, Triple Point was entitled to a management fee calculated by reference to adjusted Net Asset Value. As at 31 December 2025, the amount invoiced by Triple Point and accrued was \u00a32.0 million (2024: \u00a32.8 million), reflecting Triple Point\u2019s calculation of fees due for the period from 1 July 2024 to 31 March 2025 following certain adjustments. The Board remains in dispute with Triple Point regarding these fees. On 11 October 2024, the Company entered into a new Investment Management Agreement with InfraRed (the \u201cNew IMA\u201d), which became effective on 11 December 2024, at which point Triple Point\u2019s role as AIFM terminated. For the period from 11 October 2024 to 11 December 2024, the Company entered into an interim support services agreement with InfraRed, under which fees were charged at the same annual rate as under the New IMA. InfraRed is responsible, subject to the overall supervision of the Board, for portfolio management and risk management in accordance with the Company\u2019s Investment Objective and Policy and acts as the Company\u2019s AIFM. The exercise of discretion by InfraRed under the New IMA is subject to the Board\u2019s oversight and to specific approval requirements where conflicts of interest arise.\n \n \n From 11 December 2024, the Investment Manager was InfraRed, and they were entitled to receive an annual management fee on the following basis: 1. InfraRed will receive a fixed annual management fee of \u00a33.75 million for 36 months from 11 December 2024 and a reduced management fee of \u00a31.75 million per annum thereafter until the Group\u2019s last asset is sold. 2. 10% of the annual management fee (net of applicable taxes) will be used to acquire shares in the capital of D9 in the secondary market within a reasonable timeframe following receipt of the management fee and unless it would be unlawful to do so. These shares will be subject to lock-in and orderly market provisions. 3. Following the sale of the final asset, a fee of \u00a3100,000 per month will be payable until the earlier of a) the Company being delisted, and b) 6 months from the date of completion of the sale of the final asset. 4. To appropriately align InfraRed with shareholder outcomes, InfraRed will also be entitled to receive a performance fee based on distributions made to shareholders in excess of \u00a3225 million. InfraRed will be entitled to a performance fee of 3.5% of any distributions above \u00a3225 million, when aggregate distributions are in excess of \u00a3225 million but less than \u00a3300 million, and 4.75% of any distributions above \u00a3300 million when aggregate distributions are in excess of \u00a3300 million. Any distributions to shareholders will be assessed against any third-party financing and accrued liabilities of the Company. InfraRed will also be entitled to receive certain fees in the event of the termination of its appointment in prescribed circumstances. Any performance fee payable to InfraRed will not exceed, in aggregate, \u00a315 million. The total amount accrued and due to InfraRed at the year-end was \u00a30.9 million (2024: \u00a30.8 million). InfraRed\u2019s appointment is terminable by either party by serving 6 month\u2019s notice, with such notice not to expire earlier than 24 months from the 11 December 2024. InfraRed were paid a pro rata fee of their annual management fee under an interim support services agreement from 11 October 2024 to 10 December 2024.\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfFeeAndCommissionIncomeExpenseExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260418052655085": { "value": "\n 6. INVESTMENT MANAGEMENT FEES \n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Year ended 31 December 2025 Year ended 31 December 2024
Revenue Capital Total Revenue Capital Total
\u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000
Management fees 1 2,988 \u2013 2,988 5,209 1,736 6,945
Total management fees 2,988 \u2013 2,988 5,209 1,736 6,945
\n 1 The 2025 management fee includes a \u00a30.8 million release of a previously accrued management fee payable to Triple Point. Of the management fee recognised in 2024, \u00a36.1 million related to Triple Point and \u00a30.8 million related to InfraRed for the period from 11 October 2024 to 31 December 2024. In 2024, management fees were allocated between revenue and capital on a 75/25 basis. Following the change in the Company\u2019s strategy to a Managed Wind-Down in 2025, the Board determined that this allocation was no longer appropriate and, accordingly, all management fees were allocated to revenue in 2025. The Company entered into an Investment Management Agreement (\u201cIMA\u201d) with Triple Point on 8 March 2021. The Company served notice to terminate this agreement in March 2024. Under the terms of the IMA, Triple Point was entitled to a management fee calculated by reference to adjusted Net Asset Value. As at 31 December 2025, the amount invoiced by Triple Point and accrued was \u00a32.0 million (2024: \u00a32.8 million), reflecting Triple Point\u2019s calculation of fees due for the period from 1 July 2024 to 31 March 2025 following certain adjustments. The Board remains in dispute with Triple Point regarding these fees. On 11 October 2024, the Company entered into a new Investment Management Agreement with InfraRed (the \u201cNew IMA\u201d), which became effective on 11 December 2024, at which point Triple Point\u2019s role as AIFM terminated. For the period from 11 October 2024 to 11 December 2024, the Company entered into an interim support services agreement with InfraRed, under which fees were charged at the same annual rate as under the New IMA. InfraRed is responsible, subject to the overall supervision of the Board, for portfolio management and risk management in accordance with the Company\u2019s Investment Objective and Policy and acts as the Company\u2019s AIFM. The exercise of discretion by InfraRed under the New IMA is subject to the Board\u2019s oversight and to specific approval requirements where conflicts of interest arise.\n \n \n From 11 December 2024, the Investment Manager was InfraRed, and they were entitled to receive an annual management fee on the following basis: 1. InfraRed will receive a fixed annual management fee of \u00a33.75 million for 36 months from 11 December 2024 and a reduced management fee of \u00a31.75 million per annum thereafter until the Group\u2019s last asset is sold. 2. 10% of the annual management fee (net of applicable taxes) will be used to acquire shares in the capital of D9 in the secondary market within a reasonable timeframe following receipt of the management fee and unless it would be unlawful to do so. These shares will be subject to lock-in and orderly market provisions. 3. Following the sale of the final asset, a fee of \u00a3100,000 per month will be payable until the earlier of a) the Company being delisted, and b) 6 months from the date of completion of the sale of the final asset. 4. To appropriately align InfraRed with shareholder outcomes, InfraRed will also be entitled to receive a performance fee based on distributions made to shareholders in excess of \u00a3225 million. InfraRed will be entitled to a performance fee of 3.5% of any distributions above \u00a3225 million, when aggregate distributions are in excess of \u00a3225 million but less than \u00a3300 million, and 4.75% of any distributions above \u00a3300 million when aggregate distributions are in excess of \u00a3300 million. Any distributions to shareholders will be assessed against any third-party financing and accrued liabilities of the Company. InfraRed will also be entitled to receive certain fees in the event of the termination of its appointment in prescribed circumstances. Any performance fee payable to InfraRed will not exceed, in aggregate, \u00a315 million. The total amount accrued and due to InfraRed at the year-end was \u00a30.9 million (2024: \u00a30.8 million). InfraRed\u2019s appointment is terminable by either party by serving 6 month\u2019s notice, with such notice not to expire earlier than 24 months from the 11 December 2024. InfraRed were paid a pro rata fee of their annual management fee under an interim support services agreement from 11 October 2024 to 10 December 2024.\n \n \n \n 7. OTHER OPERATING EXPENSES \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Year ended 31 December 2025 Year ended 31 December 2024
\u00a3\u2019000 \u00a3\u2019000
Legal and professional fees 543 557
Auditors\u2019 fees \u2013 audit services 1 547 377
Auditors\u2019 fees \u2013 non-audit services 2 \u2013 102
Directors\u2019 fees 260 242
Administration and company secretarial fees 191 300
Strategic review costs 3 \u2013 1,631
Other administrative expenses 556 441
Advisory costs 4 3,725 \u2013
5,822 3,650
\n 1 Excludes audit fees of the financial statements of subsidiaries totalling \u00a3224,438 (2024 - \u00a3467,000). \u00a373,000 of current year fees relates to the prior year adjustment reflected in the 2025 Annual Report. 2 Fees for non-audit services relate to the review of interim financial statements. No such services were performed during 2025. 3 Strategic review costs relate to the Wind Down strategy of the Company and no such fees were incurred during 2025 after the strategy had been confirmed. Prior year strategic review costs were agreed by the previous Board and Investment Manager. 4 Success advisory fee (as agreed by the previous Board and Investment Manager) directly related to the completion of EMIC-1 and Aqua Comms disposals. All other disposal costs incurred have been accounted for within the subsidiary which held the relevant disposed of investment.\n \n \n ", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416192408162": { "value": "\n \n 7. OTHER OPERATING EXPENSES \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Year ended 31 December 2025 Year ended 31 December 2024
\u00a3\u2019000 \u00a3\u2019000
Legal and professional fees 543 557
Auditors\u2019 fees \u2013 audit services 1 547 377
Auditors\u2019 fees \u2013 non-audit services 2 \u2013 102
Directors\u2019 fees 260 242
Administration and company secretarial fees 191 300
Strategic review costs 3 \u2013 1,631
Other administrative expenses 556 441
Advisory costs 4 3,725 \u2013
5,822 3,650
\n 1 Excludes audit fees of the financial statements of subsidiaries totalling \u00a3224,438 (2024 - \u00a3467,000). \u00a373,000 of current year fees relates to the prior year adjustment reflected in the 2025 Annual Report. 2 Fees for non-audit services relate to the review of interim financial statements. No such services were performed during 2025. 3 Strategic review costs relate to the Wind Down strategy of the Company and no such fees were incurred during 2025 after the strategy had been confirmed. Prior year strategic review costs were agreed by the previous Board and Investment Manager. 4 Success advisory fee (as agreed by the previous Board and Investment Manager) directly related to the completion of EMIC-1 and Aqua Comms disposals. All other disposal costs incurred have been accounted for within the subsidiary which held the relevant disposed of investment.\n \n ", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260418053836035": { "value": "\n 7. OTHER OPERATING EXPENSES \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Year ended 31 December 2025 Year ended 31 December 2024
\u00a3\u2019000 \u00a3\u2019000
Legal and professional fees 543 557
Auditors\u2019 fees \u2013 audit services 1 547 377
Auditors\u2019 fees \u2013 non-audit services 2 \u2013 102
Directors\u2019 fees 260 242
Administration and company secretarial fees 191 300
Strategic review costs 3 \u2013 1,631
Other administrative expenses 556 441
Advisory costs 4 3,725 \u2013
5,822 3,650
\n 1 Excludes audit fees of the financial statements of subsidiaries totalling \u00a3224,438 (2024 - \u00a3467,000). \u00a373,000 of current year fees relates to the prior year adjustment reflected in the 2025 Annual Report. 2 Fees for non-audit services relate to the review of interim financial statements. No such services were performed during 2025. 3 Strategic review costs relate to the Wind Down strategy of the Company and no such fees were incurred during 2025 after the strategy had been confirmed. Prior year strategic review costs were agreed by the previous Board and Investment Manager. 4 Success advisory fee (as agreed by the previous Board and Investment Manager) directly related to the completion of EMIC-1 and Aqua Comms disposals. All other disposal costs incurred have been accounted for within the subsidiary which held the relevant disposed of investment.\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416192318854": { "value": "\n 8. TAXATION The Company is registered in Jersey, Channel Islands but resident in the United Kingdom for taxation. The standard rate of corporate income tax currently applicable to the Company is 25% (2024: 25%). The financial statements do not directly include the tax charges for the Company\u2019s intermediate holding company, as D9 Holdco is held at fair value. D9 Holdco is subject to taxation in the United Kingdom. The tax charge for the period is less than the standard rate of corporation tax in the UK of 25% (2024: 25%). The differences are explained below. \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Year ended 31 December 2025 Year ended 31 December 2024 (Restated \u2013 see Note 25)
Revenue Capital Total Revenue Capital Total
\u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000
Net loss before tax (399) (216,638) (217,037) (5,730) (271,818) (277,548)
Tax at UK corporation tax standard rate of 25% (2024: 25%) (100) (54,159) (54,259) (1,432) (67,955) (69,387)
E\ufb00ects of:
Loss on \ufb01nancial assets not taxable \u2013 54,159 54,159 \u2013 67,521 67,521
Exempt UK dividend income \u2013 \u2013 \u2013 \u2013 \u2013 \u2013
Expenses not deductible for tax purposes \u2013 \u2013 \u2013 \u2013 \u2013 \u2013
Excess of allowable expenses 100 \u2013 100 1,432 434 1,866
Total tax charge \u2013 \u2013 \u2013 \u2013 \u2013 \u2013
\n\n \n Investment companies which have been approved by HM Revenue & Customs under section 1158 of the Corporation Tax Act 2010 are exempt from tax on capital gains. The Directors are of the opinion that the Company has complied with the requirements for maintaining investment trust status for the purposes of section 1158 of the Corporation Tax Act 2010. The Company has not provided\n \n \n for deferred tax on any capital gains or losses arising on the revaluation of investments. The Company has unrelieved excess management expenses of \u00a330 million (2024: \u00a325 million). It is unlikely that the Company will generate sufficient taxable profits in the future to utilise these expenses and therefore no deferred tax asset has been recognised. The unrecognised deferred tax asset calculated using a tax rate of 25% amounts \u00a37 million (2024: to \u00a36 million).\n \n ", "dimensions": { "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260418054113052": { "value": "\n Investment companies which have been approved by HM Revenue & Customs under section 1158 of the Corporation Tax Act 2010 are exempt from tax on capital gains. The Directors are of the opinion that the Company has complied with the requirements for maintaining investment trust status for the purposes of section 1158 of the Corporation Tax Act 2010. The Company has not provided\n \n for deferred tax on any capital gains or losses arising on the revaluation of investments. The Company has unrelieved excess management expenses of \u00a330 million (2024: \u00a325 million). It is unlikely that the Company will generate sufficient taxable profits in the future to utilise these expenses and therefore no deferred tax asset has been recognised. The unrecognised deferred tax asset calculated using a tax rate of 25% amounts \u00a37 million (2024: to \u00a36 million).\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416192043588": { "value": "\n 9. INVESTMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS As set out in Note 2, the Company designates its interest in its wholly-owned direct subsidiary as a investment at fair value through profit or loss. Summary of the Company\u2019s valuation: \n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Total
\u00a3\u2019000
Year ending 31 December 2025:
Opening balance 1 January 2025 286,181
Equity investments addition in D9 Holdco \u2013
Debt investments addition in D9 Holdco 7,500
Change in fair value of investments (212,913)
As at 31 December 2025 80,768
Year ending 31 December 2024: Total (Restated \u2013 see Note 25)
Opening balance 1 January 2024 (restated) 564,562
Equity investments addition in D9 Holdco \u2013
Debt investments reduction in D9 Holdco (8,299)
Change in fair value of investments (restated) (270,082)
As at 31 December 2024 286,181
\n The Company views equity and debt instruments as one investment and measures the performance of these investments together. Therefore, the Company\u2019s equity and debt investments are presented as investments at fair value through profit or loss in the Statement of Financial Position.\n \n Included in debt investments as at the year-end is a loan of \u00a335.4 million (2024: \u00a327.9 million) due from D9 Holdco upon which interest is charged at a rate of Sterling Overnight Index Average (SONIA) plus a 3.75% margin. Interest of \u00a32.8 million (2024: \u00a32.5 million) was charged during the year on the loan. The debt instrument is measured at fair value as at 31 December 2025. Breakdown of investments in D9 Holdco between equities and debts: \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
31 December 2025 31 December 2024
\u00a3\u2019000 \u00a3\u2019000
Equity investments 45,359 258,272
Debt investments 35,409 27,909
80,768 286,181
\n Valuation process The valuation process for the valuation at 31 December 2025 was conducted by InfraRed, overseen by the Board, and further supported by an independent review from a leading third-party valuation expert. InfraRed is responsible for preparing the valuation of the company\u2019s investment portfolio for the Directors\u2019 approval. These valuations are scrutinised by an independent third-party valuation expert at year-end. The valuation is carried out on a six-monthly basis as at 30 June and 31 December each year and is reported to shareholders in the Annual and Interim Reports. Valuation methodology The Company owns 100% of its subsidiary D9 Holdco. The Company meets the definition of an investment entity as described by IFRS 10, as such, the Company\u2019s investment in D9 Holdco is valued at fair value. D9 Holdco\u2019s cash, working capital balances and fair value of investments are included in calculating fair value of D9 Holdco. The Company acquired underlying investments in special purpose vehicles (\u201cSPV\u201d) through its investment in D9 Holdco. The Board has approved fair market valuations of Arqiva and Elio Networks at 31 December 2025, which were prepared by InfraRed and supported by an independent review by a leading professional firm of valuation experts. The Directors satisfied themselves as to the methodology used, the discount rates and key assumptions applied, and the valuations. All SPV investments are at fair value through profit or loss and are valued using the IFRS 13 framework for fair value measurement. The following economic assumptions were used in the valuation of the SPVs. The main Level 3 inputs used by the Group are derived and evaluated as follows: \u2022 The appropriate discount rate is determined is based on the Investment Manager\u2019s knowledge of the market, considering intelligence gained from its bidding activities, discussions with financial advisers in the appropriate market and publicly available information on relevant transactions. The bottom-up analysis of the discount rate and the appropriate beta is based on comparable listed companies. Investments are valued using a discounted cash flow approach, being valued on a Free Cash Flow to Equity (\u201cFCFE\u201d) basis. The portfolio weighted average discount rate for investments valued under the FCFE discounted cash flows approach was 14.5%. \u2022 Expected cash inflows are estimated based on terms of the contracts and the Company\u2019s knowledge of the business and how the current economic environment is likely to impact it taking into consideration of growth rate factors. \u2022 Future Foreign exchange rates of GBP against EUR. \n \n Fair value measurements As set out above, the Company accounts for its interest in its wholly owned direct subsidiary as a financial asset at fair value through profit or loss. IFRS 13 requires disclosure of fair value measurement by level. The level of fair value hierarchy within the financial assets or \ufb01nancial liabilities is determined on the basis of the lowest level input that is signi\ufb01cant to the fair value measurement. Financial assets and \ufb01nancial liabilities are classified in their entirety into only one of the following three levels: Level 1 \u2013 quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 \u2013 inputs other than quoted prices included within Level 1 that are observable for the assets or liabilities, either directly (i.e., as prices) or indirectly (i.e. derived from prices); and Level 3 \u2013 inputs for assets or liabilities that are not based on observable market data (unobservable inputs).\n \n \n \n The following table presents the Company\u2019s financial assets and financial liabilities measured and recognised at fair value at 31 December 2025 and 31 December 2024: \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Total Quoted prices in active markets (Level 1) Signi\ufb01cant observable inputs (Level 2) Signi\ufb01cant unobservable inputs (Level 3)
Date of valuation \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000
Assets measured at fair value:
Equity investment in D9 Holdco 31 December 2025 45,359 \u2013 \u2013 45,359
Debt investment in D9 Holdco 31 December 2025 35,409 \u2013 \u2013 35,409
Assets measured at fair value:
Equity investment in D9 Holdco 31 December 2024 258,272 \u2013 \u2013 258,272
Debt investment in D9 Holdco 31 December 2024 27,909 \u2013 \u2013 27,909
\n There have been no transfers between Level 1 and Level 2 during the period, nor have there been any transfers between Level 2 and Level 3 during the year. The Company\u2019s investments are reported as Level 3 in accordance with IFRS 13 where external inputs are \u201cunobservable\u201d and value is the Directors\u2019 best estimate, based upon advice from relevant knowledgeable experts. Fair value measurements using significant unobservable inputs (Level 3) As set out within the significant accounting estimates and judgements in Note 3(d), the valuation of the Company\u2019s financial asset is an estimation uncertainty. The sensitivity analysis was performed based on the current capital structure and expected performance of the Company\u2019s investment in D9 Holdco. For each of the sensitivities, it is assumed that potential changes occur independently of each other with no effect on any other base case assumption, and that the number of investments in the SPVs remains static throughout the modelled life. The following table summarises the quantitative information about the significant unobservable inputs used in Level 3 fair value measurement and the changes to the fair value of the financial asset if these inputs change upwards or downwards by 1.00% for long-term inflation and 1% for discount rate: \n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Valuation if rate increases Movement in valuation Valuation if rate decreases Movement in valuation
Unobservable inputs \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000
In\ufb02ation (+/- by 1%) 38,378 1,192 36,019 (1,164)
Discount rates (+/- by 1%) 35,996 (1,186) 38,429 1,246
\n The movement in valuation column is the movement in the value of D9 Holdco which is held on the Company\u2019s balance sheet.\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416191639697": { "value": "\n Fair value measurements As set out above, the Company accounts for its interest in its wholly owned direct subsidiary as a financial asset at fair value through profit or loss. IFRS 13 requires disclosure of fair value measurement by level. The level of fair value hierarchy within the financial assets or \ufb01nancial liabilities is determined on the basis of the lowest level input that is signi\ufb01cant to the fair value measurement. Financial assets and \ufb01nancial liabilities are classified in their entirety into only one of the following three levels: Level 1 \u2013 quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 \u2013 inputs other than quoted prices included within Level 1 that are observable for the assets or liabilities, either directly (i.e., as prices) or indirectly (i.e. derived from prices); and Level 3 \u2013 inputs for assets or liabilities that are not based on observable market data (unobservable inputs).\n \n \n \n The following table presents the Company\u2019s financial assets and financial liabilities measured and recognised at fair value at 31 December 2025 and 31 December 2024: \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Total Quoted prices in active markets (Level 1) Signi\ufb01cant observable inputs (Level 2) Signi\ufb01cant unobservable inputs (Level 3)
Date of valuation \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000
Assets measured at fair value:
Equity investment in D9 Holdco 31 December 2025 45,359 \u2013 \u2013 45,359
Debt investment in D9 Holdco 31 December 2025 35,409 \u2013 \u2013 35,409
Assets measured at fair value:
Equity investment in D9 Holdco 31 December 2024 258,272 \u2013 \u2013 258,272
Debt investment in D9 Holdco 31 December 2024 27,909 \u2013 \u2013 27,909
\n There have been no transfers between Level 1 and Level 2 during the period, nor have there been any transfers between Level 2 and Level 3 during the year. The Company\u2019s investments are reported as Level 3 in accordance with IFRS 13 where external inputs are \u201cunobservable\u201d and value is the Directors\u2019 best estimate, based upon advice from relevant knowledgeable experts. Fair value measurements using significant unobservable inputs (Level 3) As set out within the significant accounting estimates and judgements in Note 3(d), the valuation of the Company\u2019s financial asset is an estimation uncertainty. The sensitivity analysis was performed based on the current capital structure and expected performance of the Company\u2019s investment in D9 Holdco. For each of the sensitivities, it is assumed that potential changes occur independently of each other with no effect on any other base case assumption, and that the number of investments in the SPVs remains static throughout the modelled life. The following table summarises the quantitative information about the significant unobservable inputs used in Level 3 fair value measurement and the changes to the fair value of the financial asset if these inputs change upwards or downwards by 1.00% for long-term inflation and 1% for discount rate: \n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Valuation if rate increases Movement in valuation Valuation if rate decreases Movement in valuation
Unobservable inputs \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000
In\ufb02ation (+/- by 1%) 38,378 1,192 36,019 (1,164)
Discount rates (+/- by 1%) 35,996 (1,186) 38,429 1,246
\n The movement in valuation column is the movement in the value of D9 Holdco which is held on the Company\u2019s balance sheet.\n \n ", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416191550875": { "value": "\n The following table presents the Company\u2019s financial assets and financial liabilities measured and recognised at fair value at 31 December 2025 and 31 December 2024: \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Total Quoted prices in active markets (Level 1) Signi\ufb01cant observable inputs (Level 2) Signi\ufb01cant unobservable inputs (Level 3)
Date of valuation \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000
Assets measured at fair value:
Equity investment in D9 Holdco 31 December 2025 45,359 \u2013 \u2013 45,359
Debt investment in D9 Holdco 31 December 2025 35,409 \u2013 \u2013 35,409
Assets measured at fair value:
Equity investment in D9 Holdco 31 December 2024 258,272 \u2013 \u2013 258,272
Debt investment in D9 Holdco 31 December 2024 27,909 \u2013 \u2013 27,909
\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfAssetsAndLiabilitiesWithSignificantRiskOfMaterialAdjustmentExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416191426882": { "value": "\n 10. TRADE AND OTHER RECEIVABLES \n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
31 December 2025 31 December 2024
\u00a3\u2019000 \u00a3\u2019000
Amounts due from subsidiary undertakings 6,070 3,170
Other receivables 112 81
6,182 3,251
\n The Directors consider that the carrying value of trade and other receivables approximate their fair value.\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416191349445": { "value": "\n 11. CASH AND CASH EQUIVALENTS \n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
31 December 2025 31 December 2024
\u00a3\u2019000 \u00a3\u2019000
Cash at bank 642 12,100
642 12,100
\n The Directors consider that the carrying value of cash and cash equivalents approximate their fair value.\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416185339008": { "value": "\n \n 12. TRADE AND OTHER PAYABLES \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
31 December 2025 31 December 2024
\u00a3\u2019000 \u00a3\u2019000
Trade payables 1,218 93
Accruals 6,126 4,154
7,344 4,247
\n The Directors consider that the carrying value of trade and other payables approximates their fair value. All amounts are unsecured and due for payment within one year from the reporting date. \u00a32.0 million (2024: \u00a32.8 million) of the above accruals figure relates to fees payable to the Triple Point Investment Management in respect of management fees. The Board remains in dispute with Triple Point regarding these fees. \u00a30.9 million relates to management fees for InfraRed (2024: \u00a30.8 million).\n \n ", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260418054345100": { "value": "\n 12. TRADE AND OTHER PAYABLES \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
31 December 2025 31 December 2024
\u00a3\u2019000 \u00a3\u2019000
Trade payables 1,218 93
Accruals 6,126 4,154
7,344 4,247
\n The Directors consider that the carrying value of trade and other payables approximates their fair value. All amounts are unsecured and due for payment within one year from the reporting date. \u00a32.0 million (2024: \u00a32.8 million) of the above accruals figure relates to fees payable to the Triple Point Investment Management in respect of management fees. The Board remains in dispute with Triple Point regarding these fees. \u00a30.9 million relates to management fees for InfraRed (2024: \u00a30.8 million).\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416185221452": { "value": "\n \n 13. STATED CAPITAL Ordinary shares of no par value \n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
31 December 2024
Allotted, issued and fully paid: No of shares \u00a3\u2019000
As at 1 January 2024 865,174,954 793,286
Ordinary Shares at 31 December 2024 865,174,954 793,286
Dividends paid (Note 14) -
Stated capital at 31 December 2024 793,286
\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
31 December 2025
Allotted, issued and fully paid: No of shares \u00a3\u2019000
As at 1 January 2025 865,174,954 793,286
Ordinary Shares at 31 December 2025 865,174,954 793,286
Dividends paid (Note 14) \u2011
Stated capital at 31 December 2025 793,286
\n Shareholders are entitled to all dividends paid by the Company and, on a winding up, provided the Company has satisfied all its liabilities, the shareholders are entitled to all of the residual assets of the Company.\n \n ", "dimensions": { "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416185306505": { "value": "\n 13. STATED CAPITAL Ordinary shares of no par value \n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
31 December 2024
Allotted, issued and fully paid: No of shares \u00a3\u2019000
As at 1 January 2024 865,174,954 793,286
Ordinary Shares at 31 December 2024 865,174,954 793,286
Dividends paid (Note 14) -
Stated capital at 31 December 2024 793,286
\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
31 December 2025
Allotted, issued and fully paid: No of shares \u00a3\u2019000
As at 1 January 2025 865,174,954 793,286
Ordinary Shares at 31 December 2025 865,174,954 793,286
Dividends paid (Note 14) \u2011
Stated capital at 31 December 2025 793,286
\n Shareholders are entitled to all dividends paid by the Company and, on a winding up, provided the Company has satisfied all its liabilities, the shareholders are entitled to all of the residual assets of the Company.\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416185136881": { "value": "\n \n 15. SUBSIDIARIES At the reporting date, the Company had one wholly-owned subsidiary, being its 100% investment in Digital 9 Holdco Limited. The following table shows subsidiaries of the Company. As the Company is regarded as an Investment Entity as referred to in Note 2, these subsidiaries have not been consolidated in the preparation of the financial statements. \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Name Place of business % Interest Principal activity Registered o\ufb03ce
Digital 9 Holdco Limited UK 100% Holding company The Scalpel, 52 Lime Street, London EC3M 7AF
The following companies are held by D9 Holdco Limited and its underlying subsidiaries:
Digital 9 DC Limited UK 100% Intermediate holding company The Scalpel, 52 Lime Street, London EC3M 7AF
Digital 9 Fibre Limited UK 100% Intermediate holding company The Scalpel, 52 Lime Street, London EC3M 7AF
Digital 9 Wireless Limited UK 100% Intermediate holding company The Scalpel, 52 Lime Street, London EC3M 7AF
Digital 9 Subsea Holdco Limited UK 100% Intermediate holding company The Scalpel, 52 Lime Street, London EC3M 7AF
Digital 9 Subsea Limited1 UK 100% Subsea \ufb01bre optic network The Scalpel, 52 Lime Street, London EC3M 7AF
D9 DC Opco 2 Limited2 UK 100% Intermediate holding company The Scalpel, 52 Lime Street, London EC3M 7AF
D9 Wireless Opco 1 Limited 2 UK 100% Intermediate holding company The Scalpel, 52 Lime Street, London EC3M 7AF
D9 Wireless Midco 1 Limited2 UK 100% Intermediate holding company The Scalpel, 52 Lime Street, London EC3M 7AF
D9 Wireless Opco 2 Limited3 UK 100% Intermediate holding company The Scalpel, 52 Lime Street, London EC3M 7AF
Aqua Comms Ireland 2 Limited4 Ireland 100% Intermediate holding company The Exchange Building, Foster Place, Dublin 2, D02 E796
Aqua Comms MED Limited Ireland 100% Intermediate holding company The Exchange Building, Foster Place, Dublin 2, D02 E796
Openbyte Infrastructure Private Limited India 100% Intermediate holding company E44/11 Okhla Industrail State Phase 2, New Delhi, 110020
Leeson Telecom Limited6 Ireland 100% Enterprise broadband 6-9 Trinity St, Dublin, D02 EY47, Ireland
Leeson Telecom One Limited6 Ireland 100% Enterprise broadband 6-9 Trinity St, Dublin, D02 EY47, Ireland
Leeson Telecom Holdings Limited5 Ireland 100% Enterprise broadband 6-9 Trinity St, Dublin, D02 EY47, Ireland
W R Computer Network Limited5 Ireland 100% Enterprise broadband 6-9 Trinity St, Dublin, D02 EY47, Ireland
Arqiva Group Limited6 UK 48.02% Holding company Crawley Court, Winchester, Hampshire SO21 2QA
\n 1 Held by Digital 9 Subsea Holdco limited 2 Held by Digital 9 Wireless Limited 3 Held by D9 Wireless Midco 1 Limited 4 Held by Digital 9 Subsea Limited 5 Held by Leeson Telecom Limited 6 Held by D9 Wireless Opco 1 Limited The Investee Companies above are restricted in transferring cash to the Company due to the need to fulfil their capex and operational cash requirements first. The Company is committed to fund capex totalling \u00a3nil (2024: \u00a37.4 million) for Aqua Comms Ireland 2 Limited in respect of EMIC-1 project, having sold the investment during the year.\n \n ", "dimensions": { "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416184942747": { "value": "\n \n 16. TRANSACTIONS WITH THE INVESTMENT ADVISERS AND RELATED PARTY DISCLOSURE Directors Directors are remunerated for their services at such rate as the Directors shall from time to time determine. The current Directors (Philip Braun, Robert Burrow and Andrew Zychowski) are each paid an annual fee of \u00a350,000, this increased to \u00a352,500 from 1 July 2025. The Chair of the Audit Committee also receives an additional \u00a37,500 fee per annum from 1 July 2025. The Chair of the Company (Eric Sanderson) is entitled to receive an annual fee of \u00a3100,000, which increased to \u00a3105,000 from 1 July 2025. Directors are entitled to recover all reasonable expenses properly incurred in connection with performing their duties as a Director. \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Director Number of Ordinary Shares held 1 Dividends received 31 December 2025 1 Dividends received 31 December 2024
Eric Sanderson 400,000 \u2013 \u2013
Robert Burrow 2 1,350,000 \u2013 \u2013
Philip Braun 384,596 \u2013 \u2013
Andrew Zychowski3 3,080,000 \u2013 \u2013
\n 1 Dividends disclosed for the period from the date of appointment and up to the date of resignation. 2 Robert Burrow\u2019s persons closely associated hold 1,350,000 shares in the Company. 3 Andrew Zychowski and persons closely associated to him together hold 3,080,000 shares in the Company. In addition, other family members of Andrew Zychowski hold 603,000 shares in the Company. Transaction with subsidiary undertakings During the period, the Company received dividend income of \u00a3Nil (2024: \u00a3Nil) from Digital 9 Holdco Limited. As per Note 18, the Company, through its subsidiary undertakings has capital expenditure commitments totalling \u00a3Nil (2024: \u00a37.4 million). Loan to subsidiary undertaking As at the year-end, the Company had provided a total loan of \u00a335.4 million (2024: \u00a327.9 million) to Digital 9 Holdco Limited. The total loan outstanding at the year-end was \u00a335.4 million (2024: \u00a327.9 million). This was used to assist the underlying Investee Companies with their capital expenditure requirements. Interest of \u00a32.8 million (2024: \u00a32.5 million) was charged on the loan during the year. Amounts due from subsidiary undertakings Included within Note 10 is an amount due from subsidiary undertakings: \n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
31 December 2025 31 December 2024
Subsidiary undertakings: \u00a3\u2019000 \u00a3\u2019000
Aqua Comms DAC - 121
D9 Wireless Opco 1 Limited 32 32
D9 Wireless Opco 2 Limited 194 194
Digital 9 SeaEdge Limited - 10
Digital 9 Subsea Limited 4 23
Digital 9 Holdco Limited 5,840 2,790
6,070 3,170
\n \n ", "dimensions": { "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416185043525": { "value": "\n 16. TRANSACTIONS WITH THE INVESTMENT ADVISERS AND RELATED PARTY DISCLOSURE Directors Directors are remunerated for their services at such rate as the Directors shall from time to time determine. The current Directors (Philip Braun, Robert Burrow and Andrew Zychowski) are each paid an annual fee of \u00a350,000, this increased to \u00a352,500 from 1 July 2025. The Chair of the Audit Committee also receives an additional \u00a37,500 fee per annum from 1 July 2025. The Chair of the Company (Eric Sanderson) is entitled to receive an annual fee of \u00a3100,000, which increased to \u00a3105,000 from 1 July 2025. Directors are entitled to recover all reasonable expenses properly incurred in connection with performing their duties as a Director. \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Director Number of Ordinary Shares held 1 Dividends received 31 December 2025 1 Dividends received 31 December 2024
Eric Sanderson 400,000 \u2013 \u2013
Robert Burrow 2 1,350,000 \u2013 \u2013
Philip Braun 384,596 \u2013 \u2013
Andrew Zychowski3 3,080,000 \u2013 \u2013
\n 1 Dividends disclosed for the period from the date of appointment and up to the date of resignation. 2 Robert Burrow\u2019s persons closely associated hold 1,350,000 shares in the Company. 3 Andrew Zychowski and persons closely associated to him together hold 3,080,000 shares in the Company. In addition, other family members of Andrew Zychowski hold 603,000 shares in the Company. Transaction with subsidiary undertakings During the period, the Company received dividend income of \u00a3Nil (2024: \u00a3Nil) from Digital 9 Holdco Limited. As per Note 18, the Company, through its subsidiary undertakings has capital expenditure commitments totalling \u00a3Nil (2024: \u00a37.4 million). Loan to subsidiary undertaking As at the year-end, the Company had provided a total loan of \u00a335.4 million (2024: \u00a327.9 million) to Digital 9 Holdco Limited. The total loan outstanding at the year-end was \u00a335.4 million (2024: \u00a327.9 million). This was used to assist the underlying Investee Companies with their capital expenditure requirements. Interest of \u00a32.8 million (2024: \u00a32.5 million) was charged on the loan during the year. Amounts due from subsidiary undertakings Included within Note 10 is an amount due from subsidiary undertakings: \n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
31 December 2025 31 December 2024
Subsidiary undertakings: \u00a3\u2019000 \u00a3\u2019000
Aqua Comms DAC - 121
D9 Wireless Opco 1 Limited 32 32
D9 Wireless Opco 2 Limited 194 194
Digital 9 SeaEdge Limited - 10
Digital 9 Subsea Limited 4 23
Digital 9 Holdco Limited 5,840 2,790
6,070 3,170
\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416184836769": { "value": "\n 17. EVENTS AFTER THE REPORTING PERIOD On 10 April 2026, Elio signed a new debt facility with Allied Irish Banks comprising \u20ac15 million of committed debt and a further \u20ac15 million of uncommitted accordion debt. The \u00a310 million Verne Global earn-out early cash settlement was received on 10 April 2026. On 12 March 2026, shareholders of the Company approved a return of surplus disposal proceeds shareholders through the compulsory redemption mechanism. Final details of the redemption are due to be publicly announced on 15 April 2025, and is expected to take place by the end of April 2026.\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416184714845": { "value": "\n \n \n 18. COMMITMENTS AND CONTINGENT LIABILITIES The Company has a \u00a31 million future commitment to J.P. Morgan Cazenove for Defence Services, payable upon the Company Wind- Down being substantially complete (being the disposal of Aqua Comms, Verne Global and Arqiva), or, if earlier, upon completion of a transaction that materially affects the Company, including a takeover or sale of the Company.\n \n \n ", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416184752689": { "value": "\n \n 18. COMMITMENTS AND CONTINGENT LIABILITIES The Company has a \u00a31 million future commitment to J.P. Morgan Cazenove for Defence Services, payable upon the Company Wind- Down being substantially complete (being the disposal of Aqua Comms, Verne Global and Arqiva), or, if earlier, upon completion of a transaction that materially affects the Company, including a takeover or sale of the Company.\n \n ", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260418054830845": { "value": "\n 18. COMMITMENTS AND CONTINGENT LIABILITIES The Company has a \u00a31 million future commitment to J.P. Morgan Cazenove for Defence Services, payable upon the Company Wind- Down being substantially complete (being the disposal of Aqua Comms, Verne Global and Arqiva), or, if earlier, upon completion of a transaction that materially affects the Company, including a takeover or sale of the Company.\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416184531129": { "value": "\n 19. FINANCIAL RISK MANAGEMENT The Company is exposed to market risk, interest rate risk, credit risk and liquidity risk in the current and future periods. The Board oversees the management of these risks. The Board\u2019s policies for managing each of these risks are summarised below. \n \n Market Risk The Company\u2019s activities are exposed to a potential reduction in demand for internet, data centre or cell network service and competition for assets and services. In addition, Arqiva\u2019s cashflows are dependent upon regulatory factors such as the likely scenarios for the future of Digital Terrestrial Television (\u201cDTT\u201d) and the renewal of the BBC charter. The Company\u2019s exposure to market risks in data centres has been reduced following the sale of Verne in 2024 and the divestments of Aqua Comms and EMIC-1 in the year have also reduced the risk associated with a reduction in demand for internet traffic. Some factors that could impact the volume of demand or the ability to provide competitive pricing includes: \u2022 continued development and expansion of the internet as a secure communications medium and marketplace for the distribution and consumption of data and video \u2022 continued growth in cloud hosted services as a delivery platform \u2022 ongoing growth in demand for access to high-capacity broadband \u2022 continued focus on technologies, assets and services which can offer competitive pricing and high-quality reliable services \u2022 continued partnership with suppliers to maintain and provide the most cost-effective access Variations in any of the above factors can affect the valuation of assets held by the Company and as a result impact the financial performance of the Company. Market risk arising from foreign currency risk Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument translated into GBP will fluctuate because of changes in foreign exchange rates. The Company, being Digital 9 Infrastructure PLC does not hold any cash balances in different currencies, however its subsidiaries do as detailed below. As a result, the Company is exposed to changes in fair value in its investments, as a result of foreign currency changes. The below tables present the Company\u2019s exposure to currency risk through its subsidiaries with foreign currency cash balances. The Group had the following foreign currency and their GBP equivalent balances at the end of the reporting period: \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
USD EUR
$\u2019000 \u20ac\u2019000
Investments at fair value 1 5,094 42,661
\n 1 Investments at fair value includes cash non-UK cash subsidiary. The Company is primarily exposed to changes in the EUR/GBP exchange rate on its investment in Leeson Telecom (Elio Networks). Following the completion of the sales of the Aqua Comms and EMIC-1, the exposure to changes in currencies is reduced. The sensitivity of profit or loss to changes in the exchange rates arises mainly on the fair value of investment. To demonstrate the impact of foreign currency risk (in GBP), a 10% increase / decrease in USD/GBP and EUR/GBP rates are measured as this is in line with the relevant change in the rate during the last six months. The sensitivity is performed on the carrying value of investments on the balance sheet at year-end. \n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Impact on post tax pro\ufb01t Impact on other components of equity
\u00a3\u2019000 \u00a3\u2019000
USD/GBP and EUR/GBP exchange rates \u2013 increase by 10% (8,403) (8,403)
USD/GBP and EUR/GBP exchange rates \u2013 decrease by 10% 8,403 8,403
\n The above figures represent impacts of changes in the EUR/GBP exchange rates. The Company\u2019s exposure to other foreign exchange movements is not material.\n \n \n Interest rate risk Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company\u2019s interest rate risk on interest bearing \ufb01nancial assets is limited to interest earned on cash deposit. Exposure to interest rate risk on the liquidity funds is immaterial to the Company. \n \n Credit risk Credit risk is the risk that a counterparty of the Company will be unable or unwilling to meet a commitment that it has entered into with the Company. It is a key part of the pre-investment due diligence. The credit standing of the companies which we intend to lend or invest is reviewed, and the risk of default estimated for each signi\ufb01cant counterparty position. Monitoring is ongoing and period end positions are reported to the Board. Credit risk arises on the debt investments held at fair value through profit or loss, this includes loan provided to Digital 9 Holdco Limited. The Company\u2019s debt investments at fair value through profit or loss is considered to have low credit risk, and management have not recognised any loss allowance during the year. Credit risk also arises from cash and cash equivalents, derivative \ufb01nancial instruments and deposits with banks and \ufb01nancial institutions. The Company and its subsidiaries may mitigate their risk on cash investments and derivative transactions by only transacting with major international \ufb01nancial institutions with high credit ratings assigned by international credit rating agencies. The Company\u2019s cash and cash equivalents are all deposited with Barclays Bank plc which has a Fitch rating of A+. The Company had no derivatives during the period. The carrying value of the investments, trade and other receivables and cash represent the Company\u2019s maximum exposure to credit risk.\n \n \n Liquidity risk Liquidity risk is the risk that the Company may not be able to meet its \ufb01nancial obligations as they fall due. Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of funding through an adequate amount of committed credit facilities to meet obligations when due and to close out market positions. The Investment Manager and the Board continuously monitor forecast and actual cash \ufb02ows from operating, \ufb01nancing, and investing activities to consider payment of dividends, repayment of trade and other payables or funding further investing activities. The Company ensures it maintains adequate reserves and will put in place banking facilities and it will continuously monitor forecast and actual cash \ufb02ows to seek to match the maturity pro\ufb01les of \ufb01nancial assets and liabilities. Further analysis on the Company\u2019s liquidity is included within the Basis of Preparation - Going Concern assessment. \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Total 1\u20113 months 3\u201112 months 1\u20112 years 2\u20115 years More than 5 years
31 December 2025 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000
Trade payables 1,218 1,218 \u2013 \u2013 \u2013 \u2013
Accruals 6,126 \u2013 6,126 \u2013 \u2013 \u2013
7,344 1,218 6,126 \u2013 \u2013 \u2013
\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Total 1-3 months 3-12 months 1-2 years 2-5 years More than 5 years
31 December 2024 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000
Trade payables 93 93 \u2013 \u2013 \u2013 \u2013
Accruals 4,154 \u2013 4,154 \u2013 \u2013 \u2013
4,247 93 4,154 \u2013 \u2013 \u2013
\n \n ", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416184439970": { "value": "\n Market Risk The Company\u2019s activities are exposed to a potential reduction in demand for internet, data centre or cell network service and competition for assets and services. In addition, Arqiva\u2019s cashflows are dependent upon regulatory factors such as the likely scenarios for the future of Digital Terrestrial Television (\u201cDTT\u201d) and the renewal of the BBC charter. The Company\u2019s exposure to market risks in data centres has been reduced following the sale of Verne in 2024 and the divestments of Aqua Comms and EMIC-1 in the year have also reduced the risk associated with a reduction in demand for internet traffic. Some factors that could impact the volume of demand or the ability to provide competitive pricing includes: \u2022 continued development and expansion of the internet as a secure communications medium and marketplace for the distribution and consumption of data and video \u2022 continued growth in cloud hosted services as a delivery platform \u2022 ongoing growth in demand for access to high-capacity broadband \u2022 continued focus on technologies, assets and services which can offer competitive pricing and high-quality reliable services \u2022 continued partnership with suppliers to maintain and provide the most cost-effective access Variations in any of the above factors can affect the valuation of assets held by the Company and as a result impact the financial performance of the Company. Market risk arising from foreign currency risk Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument translated into GBP will fluctuate because of changes in foreign exchange rates. The Company, being Digital 9 Infrastructure PLC does not hold any cash balances in different currencies, however its subsidiaries do as detailed below. As a result, the Company is exposed to changes in fair value in its investments, as a result of foreign currency changes. The below tables present the Company\u2019s exposure to currency risk through its subsidiaries with foreign currency cash balances. The Group had the following foreign currency and their GBP equivalent balances at the end of the reporting period: \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
USD EUR
$\u2019000 \u20ac\u2019000
Investments at fair value 1 5,094 42,661
\n 1 Investments at fair value includes cash non-UK cash subsidiary. The Company is primarily exposed to changes in the EUR/GBP exchange rate on its investment in Leeson Telecom (Elio Networks). Following the completion of the sales of the Aqua Comms and EMIC-1, the exposure to changes in currencies is reduced. The sensitivity of profit or loss to changes in the exchange rates arises mainly on the fair value of investment. To demonstrate the impact of foreign currency risk (in GBP), a 10% increase / decrease in USD/GBP and EUR/GBP rates are measured as this is in line with the relevant change in the rate during the last six months. The sensitivity is performed on the carrying value of investments on the balance sheet at year-end. \n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Impact on post tax pro\ufb01t Impact on other components of equity
\u00a3\u2019000 \u00a3\u2019000
USD/GBP and EUR/GBP exchange rates \u2013 increase by 10% (8,403) (8,403)
USD/GBP and EUR/GBP exchange rates \u2013 decrease by 10% 8,403 8,403
\n The above figures represent impacts of changes in the EUR/GBP exchange rates. The Company\u2019s exposure to other foreign exchange movements is not material.\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416184346695": { "value": "\n Credit risk Credit risk is the risk that a counterparty of the Company will be unable or unwilling to meet a commitment that it has entered into with the Company. It is a key part of the pre-investment due diligence. The credit standing of the companies which we intend to lend or invest is reviewed, and the risk of default estimated for each signi\ufb01cant counterparty position. Monitoring is ongoing and period end positions are reported to the Board. Credit risk arises on the debt investments held at fair value through profit or loss, this includes loan provided to Digital 9 Holdco Limited. The Company\u2019s debt investments at fair value through profit or loss is considered to have low credit risk, and management have not recognised any loss allowance during the year. Credit risk also arises from cash and cash equivalents, derivative \ufb01nancial instruments and deposits with banks and \ufb01nancial institutions. The Company and its subsidiaries may mitigate their risk on cash investments and derivative transactions by only transacting with major international \ufb01nancial institutions with high credit ratings assigned by international credit rating agencies. The Company\u2019s cash and cash equivalents are all deposited with Barclays Bank plc which has a Fitch rating of A+. The Company had no derivatives during the period. The carrying value of the investments, trade and other receivables and cash represent the Company\u2019s maximum exposure to credit risk.\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416184317866": { "value": "\n Liquidity risk Liquidity risk is the risk that the Company may not be able to meet its \ufb01nancial obligations as they fall due. Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of funding through an adequate amount of committed credit facilities to meet obligations when due and to close out market positions. The Investment Manager and the Board continuously monitor forecast and actual cash \ufb02ows from operating, \ufb01nancing, and investing activities to consider payment of dividends, repayment of trade and other payables or funding further investing activities. The Company ensures it maintains adequate reserves and will put in place banking facilities and it will continuously monitor forecast and actual cash \ufb02ows to seek to match the maturity pro\ufb01les of \ufb01nancial assets and liabilities. Further analysis on the Company\u2019s liquidity is included within the Basis of Preparation - Going Concern assessment. \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Total 1\u20113 months 3\u201112 months 1\u20112 years 2\u20115 years More than 5 years
31 December 2025 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000
Trade payables 1,218 1,218 \u2013 \u2013 \u2013 \u2013
Accruals 6,126 \u2013 6,126 \u2013 \u2013 \u2013
7,344 1,218 6,126 \u2013 \u2013 \u2013
\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Total 1-3 months 3-12 months 1-2 years 2-5 years More than 5 years
31 December 2024 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000
Trade payables 93 93 \u2013 \u2013 \u2013 \u2013
Accruals 4,154 \u2013 4,154 \u2013 \u2013 \u2013
4,247 93 4,154 \u2013 \u2013 \u2013
\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416184238163": { "value": "\n 20. FINANCIAL INSTRUMENTS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Cash at bank balances at amortised cost Financial assets at amortised cost Financial liabilities at amortised cost Financial assets at fair value through pro\ufb01t or loss Total value
\u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000 \u00a3\u2019000
31 December 2025
Non\u2011current assets:
Equity investments held at fair value through pro\ufb01t or loss - - - 45,359 45,359
Debt investment held at fair value through pro\ufb01t or loss - - - 35,409 35,409
Current assets:
Trade and other receivables - 6,182 - - 6,182
Cash and cash equivalents 642 - - - 642
Total assets 642 6,182 \u2011 80,768 87,592
Current liabilities:
Trade and other payables - - (7,344) - (7,344)
Total liabilities \u2011 \u2011 (7,344) \u2011 (7,344)
Net assets 642 6,182 (7,344) 80,768 80,248
31 December 2024
Non\u2011current assets:
Equity investments held at fair value through pro\ufb01t or loss - - - 258,272 258,272
Debt investment held at fair value through pro\ufb01t or loss - - - 27,909 27,909
Current assets:
Trade and other receivables - 3,251 - - 3,251
Cash and cash equivalents 12,100 - - - 12,100
Total assets 12,100 3,251 \u2011 286,181 301,532
Current liabilities:
Trade and other payables - - (4,247) - (4,247)
Total liabilities - - (4,247) - (4,247)
Net assets 12,100 3,251 (4,247) 286,181 297,285
\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416184136730": { "value": "\n 21. CAPITAL MANAGEMENT The Company\u2019s objectives when managing capital are to safeguard the Company\u2019s ability to continue as a going concern in order to provide returns for shareholders and to maintain an optimal capital structure to minimise the cost of capital. In order to maintain or adjust the capital structure, the Company may adjust the amount of dividends paid to shareholders, return capital to shareholders or issue new shares.\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416184017026": { "value": "\n 22. EARNINGS PER SHARE Earnings per share (\u201cEPS\u201d) amounts are calculated by dividing the profit or loss for the period attributable to ordinary equity holders of the Company by the weighted average number of Ordinary Shares in issue during the period. As there are no dilutive instruments outstanding, both basic and diluted earnings per share are the same. The calculation of basic and diluted earnings per share is based on the following: \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Year ended 31 December 2025
Revenue Capital Total
Calculation of Basic Earnings per share
Net loss attributable to ordinary shareholders (\u00a3\u2019000) (399) (216,638) (217,037)
Weighted average number of Ordinary Shares 865,174,954 865,174,954 865,174,954
Loss per share \u2013 basic and diluted (0.1p) (25.0p) (25.1p)
\n There is no difference between basic or diluted Loss per Ordinary Share as there are no convertible securities. There is no difference between the weighted average Ordinary or diluted number of Shares. \n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Year ended 31 December 2024
Revenue Capital (Restated \u2011 see Note 25) Total (Restated \u2011 see Note 25)
Calculation of Basic Earnings per share
Net loss attributable to ordinary shareholders (\u00a3\u2019000) (5,730) (271,818) (277,548)
Weighted average number of Ordinary Shares 865,174,954 865,174,954 865,174,954
Earnings per share \u2013 basic and diluted (0.7p) (31.4p) (32.1p)
\n There is no difference between basic or diluted Loss per Ordinary Share as there are no convertible securities. There is no difference between the weighted average Ordinary or diluted number of Shares.\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260416182953168": { "value": "\n 23. NET ASSET VALUE PER SHARE Net Asset Value per share is calculated by dividing net assets in the Statement of Financial Position attributable to Ordinary equity holders of the parent by the number of Ordinary Shares outstanding at the end of the period. Although there are no dilutive instruments outstanding, both basic and diluted NAV per share are disclosed below. Net asset values have been calculated as follows: \n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
31 December 2025 31 December 2024
Net assets at end of period (\u00a3\u2019000) 80,248 297,285
Number of shares in issue at end of period 865,174,954 865,174,954
IFRS NAV per share \u2013 basic and dilutive 9.3p 34.4p
\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfNetAssetValueAttributableToUnitholdersExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Fxbrl_20260418163125809": { "value": "\n 25. PRIOR YEAR ADJUSTMENT Due to material downward revaluations observed in both the June 2024 and December 2024 investment valuations in the D9 portfolio, and following the completion of an independent third-party expert review commissioned by the D9 Board, a prior year adjustment has been recognised relevant for the financial statements as at 31 December 2023. The scope of the review covered underlying assets representing approximately \u00a3270 million (40%) of the fair value of investments held at that date. This decision was driven by the fact that neither the current Board nor the Investment Manager were involved in the original valuation process relating to the 31 December 2023 Annual Report. The independent review identified material errors in the 31 December 2023 valuation, specifically an overstatement in the valuation of Aqua Comms and an omission in respect of a provision for additional VLN to potentially be issued under the Arqiva SPA, related to the restoration of the Bilsdale site, resulting in an overstatement of the Investments at fair value through profit and loss of \u00a3111.5 million. This has been recognised in the current year financial statements as a reduction in the opening Reserves in the Statement of Changes in Equity. The impact on the 31 December 2023 financial statements would have been as follows: \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
31 December 2023 As originally stated Prior year 31 December 2023 adjustment Restated
Statement of Financial Position \u00a3000 \u00a3000 \u00a3000
Investments at fair value through pro\ufb01t and loss 676,060 (111,498) 564,562
Total assets 692,340 (111,498) 580,842
Net assets 686,331 (111,498) 574,833
Retained earnings (123,765) (111,498) (235,263)
Total Equity 686,331 (111,498) 574,833
\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
31 December 2023 As originally stated Prior year 31 December 2023 adjustment Restated
Statement of Financial Position pence pence pence
Net asset value per Ordinary Share \u2013 basic and diluted 79.3 (12.9) 66.4
\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Year ended 31 December 2024 As originally stated Prior year adjustment Year ended 31 December 2024 Restated
Statement of Comprehensive Income \u00a30001 \u00a3000 \u00a3000
Capital: (381,580) Capital: 111,498 Capital: (270,082)
Loss on investments held at fair value (capital) Total: (381,580) Total: 111,498 Total: (270,082)
Capital: (381,580) Capital: 111,498 Capital: (270,082)
Total income/(loss) Total: (378,450) Total: 111,498 Total: (266,952)
Capital: (383,316) Capital: 111,498 Capital: (271,818)
Loss on ordinary activities before taxation Total: (389,046) Total: 111,498 Total: (277,548)
Capital: (383,316) Capital: 111,498 Capital: (271,818)
Loss/(pro\ufb01t) and total comprehensive expense attributable to shareholders Total: (389,046) Total: 111,498 Total: (277,548)
\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Year ended 31 December 2024 As originally stated Prior year adjustment Year ended 31 December 2024 Restated
Statement of Comprehensive Income pence 1 pence pence
Capital: (44.3) Capital: 12.9 Capital: (31.4)
Loss/(pro\ufb01t) per Ordinary Share \u2013 basic and diluted (pence) Total: (45.0) Total: 12.9 Total: (32.1)
\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Year ended 31 December 2024 As originally stated Prior year adjustment Year ended 31 December 2024 Restated
Statement of Changes in Equity \u00a3000 \u00a3000 \u00a3000
Capital reserves: Capital reserves: Capital reserves:
(123,765) (111,498) (235,263)
Balance as at 1 January 2024 Total: 686,331 Total: (111,498) Total: 574,833
Capital reserves: Capital reserves: Capital reserves:
(383,316) Total: 111,498 (271,818)Total:
Loss and total comprehensive expense for the period (389,046) Total: 111,498 (277,548)
\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Year ended 31 December 2024 As originally stated Prior year adjustment Year ended 31 December 2024 Restated
Statement of Cash Flow \u00a3000 1 \u00a3000 \u00a3000
Loss on ordinary activities before taxation (389,046) 111,498 (277,548)
Loss on investment held at fair value (381,580) 111,498 (270,082)
\n 1 The prior year adjustment is all capital reserves related, being unrealised movement on investments. Refer to Note 2 for accounting treatment.\n ", "dimensions": { "concept": "ifrs-full:DisclosureOfReclassificationsOrChangesInPresentationExplanatory", "language": "en", "entity": "scheme:213800OQLX64UNS38U92", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } } } }