Highlights

  • Macquarie Technology Group operates data centres, cloud services, government hosting and telecommunications businesses.
  • IC3 Super West reached a construction milestone, with the first 6MW expected to be commissioned in September 2026.
  • FY26 results included EBITDA guidance of A$114 million to A$117 million and planned Capital Expenditure of A$180 million to A$190 million on IC3 Super West.
  • The company continues development of additional technology infrastructure through its Sydney and Canberra data centre footprint.

Macquarie Technology Group Limited (ASX:MAQ) is an Australian technology and telecommunications Business providing data centres, cloud services, government hosting and telecommunications solutions. The company has continued investing in additional data centre capacity, with IC3 Super West in Sydney representing a major infrastructure development within its portfolio.

Recent Development

Macquarie Technology released its full year results announcement, investor presentation and statutory accounts on 26 August 2026 for the twelve months ended 30 June 2026. During the period, construction of IC3 Super West was completed on schedule and on budget, with the first 6MW expected to be commissioned in September 2026.

Business Operations

The company operates data centres, cloud services and government hosting alongside a telecommunications division serving business customers. Macquarie Technology has been listed on the ASX since 1999. The business has continued building capacity across its Sydney and Canberra locations, with total campus capacity of 65MW.

Financial and Operational Position

In FY25, Macquarie Technology reported EBITDA of A$113.6 million and Operating Cash Flow of A$109.9 million, against capital expenditure of A$150.1 million, including A$106 million directed towards IC3 Super West. For the first half of FY26 ended 31 December 2025, EBITDA was A$57.9 million compared with A$56.2 million a year earlier. Operating cash flow was A$42.2 million with 109% cash conversion.

Key Factors to Monitor

The commissioning of the first 6MW at IC3 Super West is a key operational milestone. The company has also indicated an acceleration towards 19MW capacity, supported by an additional A$50 million Debt facility. Future progress will depend on customer contracting, capital expenditure requirements and development of further campus capacity.

Risks

Data centre developments require customer Demand to support new capacity. Commissioned infrastructure that is not contracted may continue to involve Depreciation and financing costs. The company is also exposed to construction, grid connection, funding and competitive pressures within the data centre market.

Key Insights

Macquarie Technology Group's recent activity reflects the transition from developing additional data centre capacity to commissioning and commercialising infrastructure. FY26 results and IC3 Super West milestones provide measurable indicators of operational progress, while future disclosures will provide further information on capacity utilisation and capital requirements.