NEXTDC (NXT) H1 2026 earnings summary

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.