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NEXTDC reports $405 M net revenue for FY26
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NEXTDC reports $405 M net revenue for FY26

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  • NEXTDC reported a 16% increase in net revenue to $405 million for FY26.
  • The company's statutory net profit after tax reached $82.1 million following a period of expanded operational capacity.
  • Management's record growth targets were driven by a 202% surge in contracted utilisation to 740.1MW.

NEXTDC (ASX:NXT) delivered a 16% increase in net revenue to $405 million for the financial year ended June 30.

This performance exceeded the company's annual guidance range of $390 million to $400 million, while underlying EBITDA grew 15% to $248.8 million.

The company's contracted utilisation increased by 495.3MW to 740.1MW, supported by a 322% expansion in its forward order book to 565.1MW.

Capital expenditure reached $3.40 billion as the digital infrastructure provider accelerated delivery across its property portfolio.

Following the announcement, the NEXTDC share price was up at $13.58.

"Net revenue and underlying EBITDA are both guided to grow by more than 50% [in FY27]: net revenue to $615 to $640 million and underlying EBITDA to $385 to $410 million, driven by contracted capacity converting to billing," the company said in a statement.

Pro forma liquidity for the business expanded by 58% over the period to total $8.68 billion.

The company's built capacity grew 38% to reach 287.9MW, while billing utilisation rose 58% to 175.0MW.

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