• Net revenue grew 13% to A$167.8m
• Contracted utilisation increased 18% to 176.0MW
• Underlying EBITDA increased 3% to A$105.4m

NEXTDC Ltd reported a record earnings result for the first half of FY25, with net revenue growing 13% to A$167.8m and underlying EBITDA increasing 3% to A$105.4m. The company's contracted utilisation increased 18% to 176.0MW, and it has a strong forward order book of 83.0MW projected to continue ramping into billing through to FY29, underpinning future growth in revenues and earnings. NEXTDC completed a A$678m capital raise to secure new data centre sites in Asia and further accelerate the development and fitout of its digital infrastructure platform. The company also refinanced its senior debt facilities, providing additional flexibility to fund long-term growth ambitions. NEXTDC finished 1H25 with A$2.5bn in liquidity, comprising A$373m in cash and A$2.1bn in undrawn debt facilities. The company continued to expand its network, adding 24MW of built capacity during the period across its S3 Sydney, M2 Melbourne and B2 Brisbane facilities, with 70MW of additional fit-out in progress. NEXTDC also opened its A1 Adelaide, D1 Darwin and S6 Sydney facilities, with planning works progressing at its SC2 Sunshine Coast and GE1 Geelong sites. The company's international expansion is on track, with construction works commencing for its KL1 Kuala Lumpur facility and planning works progressing for its AK1 Auckland site, in addition to the identification of potential new data centre sites across Asia.

Net revenue guidance of A$340 million to A$350 million, and underlying EBITDA guidance of A$210 million to A$220 million for FY25. Capital expenditure guidance in the range of A$1,300 million to A$1,500 million for FY25.