Macquarie Technology Group (MAQ) investor relations material

Executive summary

• Revenue grew 5% year-over-year to $193.4 million in 1H FY26, with EBITDA up 3% to $57.9 million, marking 22 consecutive halves of EBITDA growth.

• Net profit after tax declined 9% year-over-year to $16.3 million, and EPS fell 9% to 63.4 cents.

• 95% of revenue is from contracted monthly recurring revenue, supporting a cash conversion rate of 109%.

• The balance sheet remains robust with $393 million undrawn debt facility and $12.1 million in cash.

• Ongoing investment in digital infrastructure, including cloud, cyber security, telecom, and data centres.

Financial highlights

• Cloud Services & Government revenue rose 11.5% year-over-year to $115.9 million; EBITDA up 9% to $27.9 million.

• Data Centres revenue increased 9.4% to $43.2 million; EBITDA up 9.9% to $19.9 million.

• Telecom revenue declined 7.7% to $53.0 million; EBITDA fell 19.2% to $10.1 million.

• Group EBITDA margin was 29.9% in 1H FY26.

• Operating cash flow was $42.2 million in 1H FY26.

Outlook and guidance

• FY26 EBITDA expected between $114 million and $117 million.

• Phase 1 of IC3 SuperWest (6MW) to complete by September 2026, with plans to expedite capacity to 19MW.

• $50 million incremental debt facility secured to expedite capacity delivery at IC3 SuperWest.

• Put and Call Option for a new 150MW+ Sydney Campus secured, with exercise expected by end of FY26.

• FY26 total capex before IC3 SuperWest projected at $42–48 million; IC3 SuperWest capex at $180–190 million.