• 14% growth in net revenue to A$350.2m
• 6% increase in underlying EBITDA to A$216.7m
• 42% growth in contracted utilisation to 244.8MW

NEXTDC reported solid financial results for FY25, with net revenue growing 14% to A$350.2m and underlying EBITDA increasing 6% to A$216.7m. The company saw a record 42% growth in contracted utilisation to 244.8MW, driven by strong demand for its data centre services. NEXTDC's balance sheet remains strong, with total assets of A$5.7bn and pro forma liquidity of A$5.5bn. The company has also increased its debt facilities to A$6.4bn, providing significant additional funding flexibility as contracted utilisation continues to grow. NEXTDC is also seeking to establish a joint venture platform to own, develop and operate its proposed S4 and S7 data centres in Western Sydney, unlocking access to private equity capital and reducing the cost of capital. On the ESG front, NEXTDC has achieved several sustainability certifications, including becoming Australia's first colocation data centre to achieve NABERS 5* rating and the first TRUE Zero Waste Certified Data centre. The company has also made progress on its Reconciliation Action Plan and is committed to diversity, equity and inclusion, with 31% female workforce and 38% female representation at the Board level.

NEXTDC provided FY25 guidance for net revenue of A$340-350m.

NEXTDC is continuing to expand its network, with capacity upgrades planned at its M3, M4 and S5 data centres. The company has also secured a site for its TK1 data centre in Tokyo, with practical completion targeted in FY30. Additionally, NEXTDC is progressing plans for new data centre developments in Sydney, Melbourne, Gold Coast, Geelong and Kuala Lumpur.