NEXTDC Limited Earnings Recaps
Q4 2026
Aug 29, 2026
NEXTDC reported steady growth with net revenue and EBITDA modestly above guidance, but the market response was muted (+0.5%), reflecting cautious investor sentiment despite record contracted utilization and a robust forward order book.
Key takeaways
- Net revenue grew 16% to $405 million, underlying EBITDA increased 15% to $248.8 million, about 4% above the top end of guidance.
- Contracted utilization tripled to 740 megawatts, with billing utilization up 58% to 175 megawatts, highlighting strong sales execution.
- Forward order book reached a record 565 megawatts, underpinning expected billing growth and organic revenue acceleration through FY '30.
- Facility and corporate costs rose 17%, driven by investments to support capacity expansions and customer deployments; cost growth tempered margin expansion.
- Significant capital raising ($9.75 billion) extended liquidity to $8.7 billion and removed leverage ratio covenants, reducing financial risk amid heavy investment phase.