Key highlights

  • Macquarie Technology Group Ltd (ASX:MAQ) closed at $45.10 on 20 October 2026, down 1.94%.
  • The shares are down approximately 32.58% over the past year.
  • Macquarie Technology reported FY26 EBITDA of $115.9 million, up 2.0%, on 26 August 2026 and a $200 million Investment from the NRFC.

Shares in Macquarie Technology Group Ltd (ASX:MAQ) closed at $45.10 on 20 October 2026, fell 1.94% on the day from a previous close of about $45.9922.

Over the past 12 months the stock lost approximately 32.58%. Working back from the closing price, a 12-month change of approximately -32.58% implies a share price of about $66.89 a year earlier. The annual decline is much larger than the move in a single session, which is a reminder of how far a stock can travel over a year.

In dollar terms, the 12-month move amounts to about $21.79 per share, from roughly $66.89 to $45.10, while the move during the 20 October session was about 89.2 cents per share. The two figures measure different time frames and are reported here on their own terms.

About Macquarie Technology

Macquarie Technology Group Ltd is an Australian provider of data centres, cloud, cyber security and telecommunications services, operating through Macquarie Data Centres (MDC) in Sydney. Its data centre capacity is concentrated in the Northern Zone of Sydney.

Latest development

The share price information above is not linked here to the company’s results. On 26 August 2026 Macquarie Technology reported results for the year ended 30 June 2026, which it said were in line with guidance. Group EBITDA was $115.9 million, up 2.0% from $113.6 million, marking twelve consecutive years of EBITDA growth. Operating Cash Flow was $94.6 million, a cash conversion of 108%, and 95% of Revenue came from contracted monthly recurring revenue.

Capital expenditure was $230.5 million, including $193.3 million of growth capex, of which $186.2 million was for IC3 SuperWest, plus $21.6 million of customer growth capex. The company said its investments in data centres increase financing and Depreciation costs, which affect earnings per share. IC3 SuperWest construction remains on track and on budget, and Phase 1 (6MW) is expected to begin generating revenue in the second half of FY27.

The Australian Government invested $200 million into the company through the National Reconstruction Fund Corporation, in perpetual, callable, subordinated, unsecured and non-convertible securities drawn in two series of $100 million, with the first issued on 1 June 2026 and the second due by 1 March 2027. On 6 August 2026 MDC completed the Acquisition of a site of about 34,200 square metres in Macquarie Park, supporting a proposed 200MW Macquarie Engineering and Technology Campus and lifting estimated total capacity to about 268MW. The company expects modest EBITDA growth in FY27, assuming IC3 SuperWest Phase 1 revenue begins in the second half.

Sector context

Data centre operators are investing heavily in capacity as Demand for cloud, artificial intelligence and cyber security services grows, and power availability and location are central to how much capacity they can add. Sovereign and government-linked investment in digital infrastructure has also become a feature of the sector.

Because new capacity is built ahead of customer revenue, operators typically report rising depreciation and financing costs before earnings follow.

Risks

The company said investments in data centres increase financing and depreciation costs, which affects EPS, and FY27 EBITDA growth is guided as modest. Large construction programs carry cost, timing and customer take-up risk.

The government-backed securities are subordinated and callable, which adds a layer of financing, and the second $100 million series is not due until March 2027.

Share price movements add a separate layer of uncertainty. The stock’s one-day move of -1.94% on 20 October 2026 and its 12-month change of approximately -32.58% show how far the share price can move, and past movements do not indicate future direction.

Catalysts to watch

Items to watch include revenue from IC3 SuperWest Phase 1 in the second half of FY27, the second $100 million NRFC drawdown by 1 March 2027, development of the Macquarie Engineering and Technology Campus and FY27 capital expenditure.