NEXTDC (NXT) AGM 2025 summary

Opening remarks and agenda

• Chairman welcomed attendees, outlined hybrid meeting procedures, and confirmed quorum was present.

• Meeting commenced on 13 November 2025 at 11:00 am AEDT, with a welcome, introductions, and addresses from the Chairman and CEO.

• Directors, new board members, CEO, and leadership team were introduced, highlighting stability and diverse experience.

• Meeting agenda included financial performance, governance, strategy, and formal resolutions.

Financial performance review

• FY 2025 net revenue rose 14% to AUD 350.2 million; underlying EBITDA grew 6% to AUD 216.7 million.

• Total revenue increased 6% to AUD 427.2 million; interconnection revenue up 7% to AUD 30.2 million.

• Contracted utilisation increased 42% to 244.8 MW; billing utilisation up 29% to 110.9 MW.

• Record forward order book of 133.9 MW, with 85% expected to convert to billings by FY27.

• CapEx reached AUD 1.7 billion, above guidance, driven by record sales and customer orders.

Board and executive committee updates

• Board renewal included retirement of two directors and appointment of Deborah Page and Jamaludin Ibrahim as new non-executive directors.

• Board composition reviewed for skills and independence; seven of eight directors are independent.

• Remuneration structures updated with a one-off growth incentive plan for key executives.

• The board and executive team were introduced, highlighting stability and diverse experience.