NEXTDC
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NEXTDC (NXT) investor relations material

NEXTDC H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2026 earnings summary25 Feb, 2026

Executive summary

  • Net revenue grew 13% year-over-year to A$189.2 million in 1H26, with total revenue reaching A$231.8 million, driven by record sales and strong demand for data centre capacity.

  • Underlying EBITDA increased 9% to A$115.3 million, reflecting operational leverage and disciplined investment in new and expanded facilities.

  • Contracted utilisation surged 137% to 416.6MW as of 31 December 2025, with a forward order book of 297MW expected to drive substantial organic revenue and EBITDA growth through FY29.

  • Maintained 100% uptime across the national data centre network and continued ISO 9001 and ISO 27001 certifications.

  • Liquidity position of A$4.2 billion, including A$278 million cash and A$3.94 billion undrawn facilities, supports ongoing development and expansion.

Financial highlights

  • Total revenue up 13% to A$231.8 million compared to 1H25.

  • Net revenue up 13% to A$189.2 million; underlying EBITDA up 9% to A$115.3 million.

  • Profit after tax loss narrowed to A$39.4 million from A$42.7 million in 1H25.

  • Facility costs increased 25% and corporate costs rose 9% year-over-year, reflecting expansion and investment.

  • Billing utilisation increased 29% to 119.8MW.

Outlook and guidance

  • FY26 net revenue guidance maintained at A$390–400 million; underlying EBITDA guidance unchanged at A$230–240 million.

  • Capital expenditure guidance upgraded to A$2,400–2,700 million, reflecting acceleration of investment after significant new contract wins.

  • Billing ramp of the 297MW forward order book expected to accelerate revenue and earnings growth through FY29.

  • International expansion continues, with KL1 Kuala Lumpur on track to open in 2H FY26 and preliminary works for TK1 Tokyo and AK1 Auckland progressing.

  • Expansion projects in Sydney, Melbourne, Kuala Lumpur, and other regions remain on schedule.

What is the strategy for Victoria's capacity deficit?
Detail international expansion capital allocation.
How do interest rate swaps mitigate debt risk?
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Frequently asked questions

NEXTDC Limited operates data centers offering colocation, connectivity, and cloud-enabling services to enterprises, telecommunications providers, and IT service companies. The company designs and manages facilities that provide secure and scalable infrastructure for critical IT systems. NEXTDC serves customers across Australia, supporting digital transformation and cloud adoption initiatives. The company is headquartered in Brisbane, Australia, and its shares are listed on the ASX.

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