Stock Analysis

• A 2025 article on the company's transformation described six non-strategicAssetssold for $271 million in total, including the superannuation business, completed in May 2025, and the European dataBusinessQuantHouse.

• The summary showsRevenueof A$312.2 million, up 37% on the prior year, although another summary cites 40%Operating Revenuegrowth, so the exact comparison should be checked.

• NEXTDC expects 197MW to convert to billing in FY27 and a further 221MW in FY28, which is 74% of the Forward Order Book converting within two years.

• EBITDA rose 12% to $151.7 million and the EBITDAMarginrose 1.7 percentage points to 37.3%.

• Reducing a loss-making operation removes a drag, with internationalRevenueof $81 million and an EBITDA loss of $38 million reported for the year, although REA keeps some exposure through the minority stake.

• The statutory loss from continuing operations was $307 million, and $371 million including total operations.

• SuperCharge29 targets groupRevenueabove A$1 billion, underlying EBITDA of A$200 million and reported EPS compound annual growth above 30%.