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Highlights

  • NEXTDC’s contracted utilisation increased by 16MW to reach 244MW as of 31 May 2025.
  • The company’s KL1 data centre in Malaysia secured a 10MW hyperscale customer ahead of its early 2026 launch.
  • NEXTDC’s forward order book reached a record 135MW, with revenue impact expected from FY27.

NEXTDC Limited (ASX:NXT) is an ASX 100-listed technology company that operates data centres under a Data Centre-as-a-Service model, providing digital infrastructure to enterprise, cloud service providers, and government customers. The company’s facilities offer high-availability environments with a focus on secure power, connectivity, and scalability.

The company reported an increase in its pro forma contracted utilisation to 244MW as of 31 May 2025, following a series of customer contract wins. The 7% rise, equivalent to 16MW since the previous update on 6 May 2025, reflects growing demand across its data centre network, with the largest contribution coming from its Kuala Lumpur site currently under development.

The KL1 data centre, located in Malaysia, accounted for 10MW of the additional utilisation and now represents 15% of the facility’s planned capacity. The site, scheduled to become operational in early calendar 2026, is being built to achieve Tier IV Certification from the Uptime Institute, covering both design and construction. This certification is widely recognised as a benchmark for data centre fault tolerance and operational integrity.

NEXTDC noted that the new customer agreements have taken its forward order book to a record 135MW. The revenue impact from these contracts is expected to begin ramping up in FY27, with full contributions expected from FY28 following the commissioning of new data halls across its network.

The company highlighted the KL1 contract as a milestone in its broader expansion strategy in Asia. The deal marks the first major hyperscale customer secured for the facility.

The update also pointed to a record year for new contract signings in NEXTDC’s Australian operations, although further detail was not provided. The company said the KL1 site is designed to meet long-term AI infrastructure requirements, with a focus on scalability, data proximity, and performance.

NXT shares were trading 6.56% higher at AUD 14.04 per share as of 10 June 2025.