NEXTDC shares jump 7% as contracted utilisation rises 30% to 412MW

Shares in data centre operator NEXTDC (ASX:NXT) rose 7% by midday on Dec. 22 following the announcement of new customer contract wins.

The $8 billion company reported that its pro-forma contracted utilisation increased by 96MW, or 30%, to 412MW since Dec. 1.

NEXTDC’s pro-forma forward order book also expanded to 301MW and is expected to progressively convert to billings, revenue, and EBITDA through FY26 to FY29.

Despite the growth in contracted utilisation and forward orders, guidance for FY26 net revenue, underlying EBITDA, and capital expenditure remains unchanged.

At the time of reporting, NEXTDC’s share price was $12.86.