NEXTDC Posts 14% Revenue Growth, Eyes 3GW Pipeline Amid AI Boom

Strong Financial Momentum Amid AI Infrastructure Boom

NEXTDC has delivered another year of solid growth, reporting a 14% increase in net revenue to $350 million and a 6% rise in underlying EBITDA to $216.7 million for FY25. These results reflect the company’s ability to deepen customer relationships and operational excellence in a fiercely competitive market. Notably, contracted utilisation surged 42%, with 72 megawatts of net new sales, underscoring robust demand for data centre capacity as AI adoption accelerates globally.

Capitalising for Scale and Speed

Recognising the capital-intensive nature of data centre infrastructure, NEXTDC has significantly bolstered its financial position. The company secured an uplift of $3.5 billion in debt facilities, bringing total capacity to $6.4 billion and maintaining $5.5 billion in available liquidity. This enhanced capital structure, featuring favourable terms and minimal near-term maturities, equips NEXTDC with the flexibility to execute its aggressive expansion plans while managing costs effectively.

Unprecedented Expansion Across Australia and Asia

NEXTDC’s development pipeline now exceeds 3 gigawatts, with major projects underway in Sydney and Melbourne. Sydney’s AI Factory campuses, including S4, S5, and S7, are set to deliver approximately 1GW of hyperscale capacity, while Melbourne’s M3 and M4 campuses will add hundreds of megawatts to meet growing demand. Beyond these urban hubs, the company is expanding regionally with projects in Brisbane, Perth, Darwin, and the Sunshine Coast, enhancing its Core-to-Edge strategy that prioritises resilience and low latency.

Internationally, NEXTDC is breaking new ground with its first overseas developments. The Kuala Lumpur KL1 site, already 10MW contracted ahead of its 2H26 opening, and a newly secured 30MW site in Tokyo, signal the company’s ambitions to become a regional leader in Asia’s burgeoning digital infrastructure market. These moves align with NEXTDC’s vision to export Australian innovation and sovereign-scale infrastructure globally.

AI-Ready Infrastructure and Sustainability Leadership

At the core of NEXTDC’s strategy is its readiness for the AI era. The company’s AI Factory concept integrates advanced GPUs, liquid cooling, and high-speed interconnection to support the next generation of computing workloads. Its AXON platform, connecting over 750 clouds and service providers, is a critical enabler for distributed AI applications requiring seamless, low-latency networking.

Simultaneously, NEXTDC maintains a strong commitment to sustainability, embedding energy efficiency, renewable energy procurement, and carbon reduction into its operations. This approach not only addresses environmental responsibilities but also provides a competitive edge as compute intensity and power demands rise.

Looking Ahead, Accelerating Growth and Market Leadership

Guidance for FY26 anticipates net revenue between $390 million and $400 million, with underlying EBITDA projected at $230 million to $240 million. These forecasts are supported by record contracted commitments and the company’s largest order book ever, indicating a rapid conversion of contracted utilisation into billings. NEXTDC’s leadership sees the next decade as a defining period, driven by exponential demand for digital infrastructure fueled by AI and cloud computing.