Mayfield Secures $27 Million in Data Centre Contracts

Open PDF
Stock Mayfield Group Holdings Ltd (MYG.ASX)
Release Time 9 Apr 2025, 3:31 p.m.
Price Sensitive Yes
 Mayfield Secures $27 Million in Data Centre Contracts
Key Points
  • Two contracts awarded with a combined value of $27 million
  • Enhances work-in-hand (WIH) to $125 million, extending into FY27
  • Strengthens position in Australia's growing data centre sector
Full Summary

Mayfield Group Holdings Limited (ASX: MYG) has announced that it has secured significant contracts to supply more than 90 switchboards for a major Australian data centre development. The contracts, with a combined value of $27 million, will see the first 27 switchboards delivered by July 2025, with the remainder being progressively delivered throughout FY26. These contracts demonstrate Mayfield's growing expertise in delivering scalable infrastructure solutions for the expanding data centre sector, which is experiencing significant growth driven by increasing AI computing demands. CEO Andrew Rowe commented that these contracts represent a significant milestone in Mayfield's growth strategy, reinforcing its position as a key player in Australia's electrical infrastructure sector. The recent contract awards in the data centre sector, combined with other contracts secured in recent months, have significantly strengthened Mayfield's order book, with the Group's work-in-hand now standing at $125 million, extending into the 2027 financial year and providing strong revenue growth. Mayfield is well-positioned to capitalise on increasing demand for critical electrical infrastructure as Australia progresses its energy transition and digital transformation journeys.

Guidance

Mayfield's work-in-hand now stands at $125 million, extending into the 2027 financial year and providing strong revenue growth.

Outlook

Mayfield is well-positioned to capitalise on increasing demand for critical electrical infrastructure as Australia progresses its energy transition and digital transformation journeys.