AGM - Chairman's Address
| Stock | NEXTDC Ltd (NXT.ASX) |
|---|---|
| Release Time | 13 Nov 2025, 9:41 a.m. |
| Price Sensitive | Yes |
NEXTDC Chairman's Address Highlights Growth and Governance
- Welcomed two new highly credentialed Non-Executive Directors
- Reported record-setting FY25 results, including 42% growth in contracted utilization
- Outlined strategy to scale domestically and internationally, partnering with governments and industry
NEXTDC's Chairman welcomed shareholders to the company's 15th Annual General Meeting, thanking them for their engagement and support. He highlighted the company's clear purpose of creating shareholder value by delivering trusted, sovereign, and scalable digital infrastructure. The Chairman announced the appointment of two new highly credentialed Non-Executive Directors, Mrs Deborah Page and Mr Jamaludin Ibrahim, as part of the Board's succession planning. He also expressed gratitude to the outgoing Directors, Jennifer Lambert and Dr Greg Clark, for their invaluable contributions. Discussing the company's FY25 performance, the Chairman noted that it was a record-setting year, with NEXTDC securing 72.2MW in new contracted utilization, representing 42% growth on FY24. The company also increased its senior debt facilities by $3.5 billion, taking total available funding to $6.4 billion. The Chairman outlined NEXTDC's evolving digital infrastructure platform, which now spans Hyperscale campuses, Metro and Regional Colocation, and Edge infrastructure supporting subsea cable landing stations and remote data services. He emphasized the importance of stakeholder trust and engagement, highlighting the company's active collaboration with governments, regulators, customers, investors, and lenders across Australia, Asia, and the U.S. The Chairman also addressed the company's remuneration approach, including the introduction of a fully at-risk, one-off Growth Incentive Plan for the CEO, executive leadership, and select senior management personnel. This was necessary to attract, reward, and retain the talent needed to deliver the company's growth objectives and create long-term shareholder value. The Chairman reiterated NEXTDC's commitment to strong governance, operational efficiency, and sustainability, noting the company's focus on risk management, ESG performance, and security and sovereignty. In closing, the Chairman expressed confidence in the company's path forward, stating that the decisions made now will shape NEXTDC's relevance for decades to come.
NEXTDC reported a record-setting FY25, with 42% growth in new contracted utilization to 72.2MW. The company also increased its senior debt facilities by $3.5 billion, taking total available funding to $6.4 billion.
NEXTDC will continue to scale domestically and internationally, partnering with governments, cloud service providers, GPU-as-a-Service platforms, and critical infrastructure partners to build resilient ecosystems. The company is well-positioned to capitalize on the rise of sovereign AI and the digitization of the economy, with its decisions on land, power, design, engineering, capital works, and partnerships shaping its relevance for decades to come.