Key Highlights

  • Revenue rose 6% to $390.0 million in the year to 30 June 2026, while EBITDA increased 2.0% to $115.9 million.
  • Net profit after tax was $32.1 million and operating cash flow was $94.6 million, with basic earnings per share of 124.6 cents.
  • The National Reconstruction Fund Corporation committed a $200 million hybrid investment, and the debt facility limit rose to $500 million.
  • A $240 million Macquarie Park site was acquired for a proposed campus of approximately 200MW of data centre capacity.

Macquarie Technology Group Limited (ASX:MAQ) published its 2026 Annual Report and Notice of Annual General Meeting on 23 October 2026, reporting revenue of $390.0 million for the year ended 30 June 2026, up 6% on the prior year. The annual meeting will be held at the company's Sydney office, Level 15, 2 Market Street, on 25 November 2026 at 9.00am.

Financial Results by Division

EBITDA rose 2.0% to $115.9 million, which Chief Executive David Tudehope described as the twelfth consecutive year of EBITDA growth. Net profit after tax was $32.1 million, compared with $34.9 million a year earlier, and operating cash flow was $94.6 million, compared with $109.9 million. Basic earnings per share were 124.6 cents. No interim or final dividend was declared, with the company citing its continuing phase of capital-intensive growth.

Cloud Services and Government revenue rose to $235.6 million from $211.9 million, with EBITDA of $55.9 million. Data Centres revenue was $87.0 million with EBITDA of $40.0 million, up from $79.9 million and $36.6 million. Telecom revenue fell to $105.2 million from $112.6 million, and its EBITDA was $20.0 million.

Funding and Capacity Projects

In March 2026 the company secured a $200 million hybrid investment from the National Reconstruction Fund Corporation, structured as a delayed-draw facility for perpetual, callable, subordinated, unsecured and non-convertible securities. The securities are included in equity and carry no covenants or requirement to pay cash distributions. Proceeds are directed toward sovereign secure digital infrastructure, cyber security services and strategic product development in Cloud Services and Government. The debt facility limit was increased to $500 million in February 2026.

The core and shell of IC3 SuperWest, a 47MW AI and cloud data centre in Macquarie Park, are complete, with commissioning under way ahead of a planned opening in the first quarter of FY27. In August 2026 the company completed the purchase of a site of about 34,200 square metres between Talavera Road and the M2 motorway for $240 million, for the proposed Macquarie Engineering & Technology Campus.

Why This Could Matter

The company said the proposed campus could support approximately 200MW of data centre capacity and lift its estimated long-term capacity pipeline to approximately 268MW. Designs remain subject to planning and other approvals, and initial construction is estimated to be completed in late calendar year 2029. The campus is planned in partnership with Macquarie University to support research, technology and learning. Management said the NRFC capital adds balance sheet flexibility.

Where Things Stand

Macquarie Technology Group ended FY26 with higher revenue and EBITDA, lower net profit and operating cash flow, and no dividend. Its priorities, as stated by the chief executive, are to complete and commercialise IC3 SuperWest and progress planning for the Macquarie Park campus.