• Contracted utilisation increased by 27.0MW (18%) to 176.0MW
• Strong forward order book of 83.0MW projected to ramp up over FY25 to FY29
• Net revenue up $18.7 million (13%) to $167.8 million

NEXTDC Limited has announced its interim results for the half-year ended 31 December 2024, which saw continued growth in contracted utilisation and an increase in underlying EBITDA. Contracted utilisation increased by 27.0MW (18%) to 176.0MW, and the company has a strong forward order book of 83.0MW that is projected to ramp up over the remainder of FY25 through to FY29, underpinning future growth in revenues and earnings. Total revenue fell $3.6 million (2%) to $205.5 million, but net revenue (total revenue less direct costs) was up $18.7 million (13%) to $167.8 million. Underlying EBITDA increased $3.4 million (3%) to $105.4 million. NEXTDC invested approximately $1.0 billion during the half-year to progress capital development projects, with new data centres opened in Adelaide, Darwin, and Sydney, and expansion works underway at existing facilities. The company also completed a $678 million institutional placement and share purchase plan to secure new data centre sites in Asia and accelerate the development of its digital infrastructure platform. In December 2024, NEXTDC entered into a new $2.9 billion syndicated debt agreement to refinance its existing debt arrangement, providing additional flexibility and a significant improvement in the overall cost of funds.

NEXTDC reported a 13% increase in net revenue to $167.8 million for the half-year ended 31 December 2024.