NEXTDC (NXT) investor relations material

Executive summary

• FY26 saw contracted utilisation up 202% to 740.1MW and billing utilisation up 58% to 175.0MW, with net revenue up 16% to A$405.0 million and underlying EBITDA up 15% to A$248.8 million, both exceeding guidance.

• Statutory NPAT swung from a loss of A$60.5 million in FY25 to a profit of A$82.1 million in FY26, driven by strong operational and financial performance.

• The Forward Order Book reached 565.1MW, underpinning rapid billing growth and record revenue for FY27 and substantial organic growth through FY30.

• Major capital formation and network expansion initiatives were supported by A$9.75 billion in new capital raised, with pro forma liquidity at A$8.7 billion.

• The business is positioned for accelerated growth, driven by hyperscale and AI demand, with a robust capital base and liquidity.

Financial highlights

• Statutory revenue was A$496.5 million, up 16% year-over-year; net revenue up 16% to A$405.0 million.

• Underlying EBITDA reached A$248.8 million, up 15% and above the top end of guidance.

• Profit after tax was A$82.1 million, reversing a prior year loss of A$60.5 million.

• Facility and corporate costs each increased by 17%, reflecting investments in expansion and capacity.

• Fair value gain on investment property of A$128.8 million recognised in profit or loss.

Outlook and guidance

• FY27 net revenue guidance is A$615–640 million, representing over 50% annual growth; underlying EBITDA guidance is A$385–410 million, with operating leverage expected to accelerate.

• Capital expenditure for FY27 is forecast at A$5,250–5,750 million, including A$500 million of reimbursable customer fit-out.

• 197MW of billing conversion is expected in FY27, with a further 221MW in FY28; 74% of the Forward Order Book is expected to convert within two years.

• Operating leverage and rapid earnings growth anticipated as contracted capacity converts to billing.