Macquarie Technology reports 11th year of profit growth, plans data center expansion

Macquarie Technology Group Ltd (ASX:MAQ) announced an 11th consecutive year of EBITDA growth, reaching A$113.6 million for FY25, up 4.1% from the prior year. Revenue increased by 1.7% to A$369.6 million, with net profit after tax rising 5.7% to A$34.9 million. The company reported a robust balance sheet with an undrawn debt facility of A$450 million and A$62 million in cash and deposits, earmarked for future investments. Operating cash flow stood at A$109.9 million.

Key growth initiatives include the construction of IC3 SuperWest, on schedule and budget for completion by September 2026, and a new Sydney data center campus to deliver over 150 MW of IT load in three stages, following the acquisition of a large parcel of land for A$240 million. Capital expenditure for FY25 totaled A$150.1 million, with Growth Capex at A$111.0 million, including A$106.0 million for IC3 SuperWest.

For FY26, the company anticipates marginal EBITDA growth. Total Capex is projected to be between A$206 million and A$234 million, including A$170 million to A$190 million for IC3 SuperWest. Macquarie Technology continues to invest in AI capabilities, people, and its Data Centre platform to support demand from cloud and AI companies, aiming to provide a continuous supply of over 215 MW of data center capacity over the next 7-10 years.