Nextdc reports record revenue, expands data centre footprint

Nextdc Limited reported a 6% increase in total revenue to A$427.2 million and a 14% rise in net revenue to A$350.2 million for FY25, exceeding guidance. Underlying EBITDA grew 6% to A$216.7 million, within guidance. The company achieved record new contracted sales of 72.2MW, bringing total contracted utilisation to 244.8MW. Capital expenditure for the year reached A$1,699 million, in line with expectations.

Key operational highlights include the commissioning of 42.7MW of new built capacity across S3 Sydney, M2 and M3 Melbourne, and other Australian regions. The company also secured its first international foundational hyperscale order (10MW) at KL1 Kuala Lumpur and a site for TK1 Tokyo, with practical completion targeted for FY30. Furthermore, Nextdc enhanced its liquidity position by securing new senior debt facilities totalling A$3,500 million, increasing available funding to A$6.4 billion and resulting in a pro forma liquidity of A$5.5 billion.

For FY26, Nextdc anticipates continued growth, with net revenue guidance between A$390 million and A$400 million, and underlying EBITDA projected to be between A$230 million and A$240 million. Capital expenditure is expected to range from A$1,800 million to A$2,000 million, supporting over 120MW of capacity under development and an additional 100MW+ in planning.