NEXTDC, a leading Australian data centre operator, has announced its full-year financial results for FY24, showcasing growth across various key metrics.
The company's total revenue grew 12% to $404.3 million, while net revenue increased 10% to $307.9 million.
The company's underlying EBITDA rose 5% to $204.3 million, reflecting robust billing utilisation and a record forward order book of 86.6MW.
"The record forward order book of 86.6MW to ramp into billing across FY25 to FY29 underpins future growth in revenues and earnings," commented Craig Scroggie, CEO and Managing Director, NEXTDC.
Strong performance was also observed in NEXTDC's infrastructure deployment.
The company added 32MW of built capacity across Australia with an additional 72MW of fit-out in progress globally.
The completion of the D1 Darwin and NE1 Newman facilities and the ongoing fit-out of S6 Sydney, scheduled for completion in the first half of FY25, underscore NEXTDC's expansion initiatives.
Capital expenditure peaked at $1 billion, aligning with the company's strategic emphasis on network expansion. The company also focused on sustainability and ESG initiatives.
Leadership roles in sustainability and energy were introduced, and various certifications were achieved to promote energy efficiency.
"The carbon lifecycle analysis establishes a template for future projects and enables more effective supplier engagement for Net Zero initiatives," added Scroggie.
Looking ahead, NEXTDC anticipates FY25 to be focused on further growth, projecting net revenue between $340 million and $350 million and underlying EBITDA between $210 million and $220 million.
The company's strategic expansion, both domestic and international, aims to meet the rising demands for data centre services.