SINGAPORE – SWI Capital Holding Ltd. (SWICH or the Company) announced today that it has
published its 2025 Audited Annual Report by Deloitte.
SWICH is a is an alternative investment conglomerate driven by a strong entrepreneurial spirit
that operates in numerous sectors, including AI and digital infrastructure, Real Estate, Credit,
and the Financial Sector.
This year’s performance has been marked by the integration of international investment
manager Stoneweg and a series of successful acquisitions and strategic partnerships.
Key Events
- Expansion of the Digital Infrastructure portfolio, pivot into AI – – acquisition of Data
Center project Cambridge Innovation Campus (with 530 MW of power); The group further
announced strategic acquisition of controlling stake in European high performance
computing and Nvidia Cloud Partner company, as well as in a US data center company. - Integration of the Stoneweg Group -> Stoneweg is an international investment manager
employing over 250 people, with € 10 billion of AUM (assets under management). It acts
as the Property Manager and the Asset Manager for Singaporean listed Stoneweg Europe
Stapled Trust. - Strengthening of our balance sheet with a capital increase in the amount of € 217 mil
in 2025 and € 260 mil in 2026.
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SWICH maintains a conservative Net LTV (loan to value) of 15.3%, providing ample capacity to
fund the next phases of development without compromising balance sheet resilience.
Deal pipeline
SWICH announced a substantive deal pipeline pursuing an initiative to significantly grow its AI
& digital infrastructure strategy via the acquisition of significant interest in a US digital
infrastructure and technology enabled business, and an expansion into the AI-as-a-Service
segment through an investment into best-in-class European Nvidia Preferred Partner cloud
services provider. Both acquisitions are highly complementary to SWI’s existing 2.3 GW data
center platform, AiOnX, which develops five strategically located hyperscale projects, partially
leased to one of the largest hyperscalers.
Aggregating the European and US platforms, and end-to-end GPU-as-a-Service operators,
SWI’s is creating a prominent global digital infrastructure player offering full, vertically
integrated cloud and AI computing capacity.
Commenting on the results, SWI’s CEO Max-Hervé George :
The financial year 2025 was a pivotal year for our Group, during which the foundations of a truly
institutional platform were laid. Our teams demonstrated their capacity to execute with discipline
and conviction, advancing simultaneously on multiple strategic fronts. We consolidated the
Group’s structure, continued our diversification, and made decisive progress towards the
operational phase of our key assets.
Key takeaways and outlook
SWICH Total Assets grew to € 3.3 billion as at 31 December 2025, driven by continued fair value
appreciation across our data center portfolio and the integration of the Stoneweg group.
We maintain a conservative Net LTV of 15.3%, providing ample capacity to fund the next phases
of development, without compromising balance sheet resilience.
Our data center assets are progressing towards their operational phases; we continue to invest
in the data center-, AI, and digital infrastructure development projects. Our completed real
estate portfolios continue to generate recurring income; and our Stoneweg teams bring the
deal origination capability and asset management depth to sustain long-term value creation
across the full portfolio.
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The 2025 Annual Report is available to investors and other interested parties in ESEF
reporting package and as a PDF file on SWI’s website: (https://swi.com/reports/).
SWI will separately announce the date of its annual general meeting.
This press release contains information which is or may constitute inside information within
the meaning contemplated by the Market Abuse Regulation (EU) 596/2014.
