• Contracted utilisation increased by 52MW (30%) to 228MW
• Victorian data centre ecosystem sees largest AI deployments
• Forward order book increased by 45MW (54%) to 127MW
• Revenue recognition expected from FY27, full run rate from FY28

NEXTDC Limited (ASX: NXT) has announced that its pro forma contracted utilisation as at 31 March 2025 has increased by 52MW (30%) to 228MW since 31 December 2024. The Company's Victorian data centre ecosystem has benefited the most from the increased contracted utilisation, including the largest AI deployments recorded in NEXTDC's data centre portfolio to date. As a result, NEXTDC's pro forma forward order book at 31 March 2025 has increased by 45MW (54%) to 127MW, a record result for the Company. Revenue recognition for the majority of the new customer contract wins is expected to commence during FY27 following the completion and commissioning of additional data halls, with the full revenue run rate associated with these customer contract wins to be realised from FY28 onwards. NEXTDC's Chief Executive Officer and Managing Director, Mr Craig Scroggie, commented on the significant increase in contracted utilisation, stating that the rise of artificial intelligence and high-performance computing is reshaping the data centre industry at speed, with hyperscale customers scaling AI-native infrastructure at unprecedented levels.

NEXTDC's FY25 capital expenditure (capex) guidance has been increased by A$100 million to A$1,400 million to A$1,600 million (previously A$1,300 million to A$1,500 million) to accelerate a proportion of its planned inventory expansion and build and deploy capacity for the new customer contract wins. FY25 Net Revenue and Underlying EBITDA guidance remains unchanged.