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Highlights

  • NextDC reports FY25 net revenue of AUD 350.2mn, above guidance range.
  • Underlying EBITDA rises 6% to AUD 216.7mn, meeting upper-end guidance.
  • Record contracted sales of 72.2MW include landmark 10MW hyperscale deal in Kuala Lumpur.

Shares of NextDC Ltd (ASX: NXT) surged 18% to AUD 17.39 on Friday morning following the release of its full-year FY25 results. The data centre operator, a key player in the ASX 200 technology sector, delivered earnings and sales figures that exceeded market expectations.

FY25 Performance

For the year ended 30 June, NextDC posted a 6% increase in total revenue to AUD 427.2mn. Net revenue rose 14% to AUD 350.2mn, edging past the company’s guidance range of AUD 340mn to AUD 350mn. This growth was driven by record contracted sales of 72.2MW, including its first foundational hyperscale order of 10MW at KL1 in Kuala Lumpur.

Underlying EBITDA came in at AUD 216.7mn, up 6% year-on-year, and at the upper end of the company’s guidance range of AUD 210mn to AUD 220mn.

Management Commentary

Commenting on the results, CEO and managing director Craig Scroggie said:

“FY25 exceeded net revenue guidance and set new contracting records. Our Forward Order Book is greater than the entire billing footprint today, and with a strong liquidity position we are rapidly bringing capacity forward to turn contracted commitments into revenue and cash flow while scaling for extraordinary AI and cloud demand across Asia-Pacific.”

Outlook

Looking ahead, NextDC expects its FY25 sales momentum to begin translating into revenue and earnings in FY26. The company has guided to net revenue of AUD 390mn to AUD 400mn, an increase of 11.3% to 14.2% year-on-year.

Earnings are also forecast to climb, with underlying EBITDA expected to reach between AUD 230mn and AUD 240mn, representing growth of 6% to 11%.