Macquarie Technology sees 2% FY26 EBITDA growth

• Macquarie Technology Group reported a 2% EBITDA increase to $115.9 million for FY26.
• Operating cash flow reached $94.6 million, while capital expenditure rose to $230.5 million.
• Growth is supported by a $200 million investment from Australia's National Reconstruction Fund Corporation.

Macquarie Technology (ASX:MAQ) posted EBITDA of $115.9 million for the year ended June 30.

The operating result represents a 2% increase from the $113.6 million recorded in FY25, marking twelve consecutive years of EBITDA growth for the business.

"Combined with our existing debt facilities, this long-term source of capital provides additional financial flexibility to support the development of sovereign, secure digital infrastructure; cybersecurity services; and future growth initiatives," said Macquarie Technology Chair Lisa Brock.

Data centre investments caused higher financing and depreciation costs during the financial year, which negatively impacted earnings per share.

The company stated that IC3 SuperWest construction remains on track and on budget.

Following the announcement, the Macquarie Technology share price was up at $60.55.

The company's EBITDA is expected to have modest growth in FY27, assuming IC3 SuperWest Phase 1 revenue commences in H2 FY27.

Depreciation and amortisation for FY27 are expected to be $63 million to $67 million. Hosting depreciation and amortisation are expected to be $52 million to $55 million and telecom depreciation $11 million to $12 million in FY27.

On Aug. 6, the business completed the acquisition of a ~34,200sqm site in Macquarie Park to underpin a proposed ~200MW campus.

The acquisition brings the total potential capacity across the platform to an estimated ~268MW.