• Twenty consecutive halves of EBITDA growth for the Group
• Megatrends in Cloud, Cyber and AI continue to drive the business
• Maintained strong EBITDA margins despite increased cost pressures
• Over 97% of revenue from contracted monthly recurring revenue
• Strong balance sheet with undrawn debt facility of $450m

Macquarie Technology Group Ltd has reported a solid set of financial results for the first half of FY2025, with growth across key metrics. Revenue increased by 1.3% to $183.6 million, EBITDA grew by 6% to $56.2 million, and NPAT rose by 21% to $17.9 million. The company has now achieved twenty consecutive halves of EBITDA growth, demonstrating the strength and resilience of its business model. The company's focus on the megatrends of Cloud, Cyber, and AI continues to drive its performance, with over 97% of revenue coming from contracted monthly recurring sources. Despite increased cost pressures, Macquarie has maintained strong EBITDA margins of 30.6% at the group level. The company's balance sheet remains robust, with an undrawn debt facility of $450 million and cash and deposits of around $91 million, providing ample funding for future growth initiatives such as the construction of the IC3 SuperWest data centre and potential acquisition of a new data centre campus in Sydney. Across the individual business units, the Cloud Services & Government division reported a 4.4% increase in EBITDA, the Data Centres business saw a 4.8% EBITDA uplift, and the Telecom division delivered an 11.3% improvement in EBITDA. The company continues to invest in its capabilities to support the growth of its platform, with a focus on acquiring a new data centre campus in Sydney to ensure sufficient capacity runway for its customers and prospects.

FY2025 EBITDA is expected to be approximately $112 to $115 million, which includes Macquarie Data Centres' EBITDA of $36 to $37 million. The impact of US tech vendors is expected to ease as the company enters FY2026.

The company successfully obtained a modification to its IC3 SuperWest development approval to increase the density to 47MW, allowing it to meet the needs of the AI and cloud megatrends. Phase 1 construction of IC3 SuperWest is forecast to be on time and on budget, with completion expected by Q3 2026. Macquarie is also investing in its capabilities to support the growth of its data centre platform and is focused on acquiring a new campus in Sydney to ensure sufficient capacity runway for its customers and prospects.