• Net revenue up 13% to A$167.8 million
• Underlying EBITDA up 3% to A$105.4 million
• Contracted utilisation increased 18% to 176.0MW
• Invested A$1,003 million in capital development projects
• Reaffirmed FY25 guidance: Net revenue A$340-350 million, Underlying EBITDA A$210-220 million

NEXTDC Limited (ASX: NXT) has announced its financial results for the half-year ended 31 December 2024 ('1H25'), reporting a strong performance across key metrics. Net revenue increased 13% to A$167.8 million, while total revenue decreased 2% to A$205.5 million. Underlying EBITDA was up 3% to A$105.4 million. Contracted utilisation increased 18% to 176.0MW, with a forward order book of 83.0MW projected to ramp into billing across FY25 to FY29. NEXTDC invested A$1,003 million to progress capital development projects, including the ~A$353 million purchase of land for the development of S7 in Western Sydney. The company also continued its international expansion, with construction works commencing at KL1 Kuala Lumpur. NEXTDC reaffirmed its FY25 guidance, with net revenue expected in the range of A$340 million to A$350 million and underlying EBITDA in the range of A$210 million to A$220 million. Additionally, the company announced a one-off at-risk, Growth Incentive Plan for the CEO, Managing Director, and executives, designed to drive and reward outperformance and sustainable shareholder value creation.

Net revenue in the range of A$340 million to A$350 million, Underlying EBITDA in the range of A$210 million to A$220 million, Capital expenditure in the range of A$1,300 million to A$1,500 million (all for FY25).

NEXTDC is firmly on course to achieve its key revenue and underlying EBITDA targets in FY25, with continued operational momentum and growth opportunities to support customers' expanding needs.