NXT.ASX: Contract Utilisation & Capex Guidance Update

Contract Utilisation & Capex Guidance Update

Stock	NEXTDC Ltd (NXT.ASX)
Release Time	1 Dec 2025, 8:30 a.m.
Price Sensitive	Yes

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NEXTDC Updates Contract Utilisation and Capex Guidance

Key Points

Contracted utilisation increased by 71MW (29%) to 316MW
Forward order book increased by 53% to 205MW
FY26 capex guidance increased by A$400 million to accelerate capacity expansion

Full Summary

NEXTDC Limited (ASX: NXT) has announced an update on its contracted utilisation and capital expenditure (capex) guidance. The company's pro forma contracted utilisation has increased by 71MW (29%) to 316MW since 30 June 2025, as a result of recent customer contract wins. This has also led to a 53% increase in NEXTDC's pro-forma forward order book to 205MW, which is expected to progressively convert to billings and revenue over the period FY26 to FY29. In response to the increased customer demand, NEXTDC has updated its FY26 capex guidance, increasing it by A$400 million to a range of A$2,200 million to A$2,400 million. This additional capex will be used to build and deploy capacity for the new customer contracts. The company's FY26 net revenue and underlying EBITDA guidance remains unchanged.

Guidance

FY26 capital expenditure (capex) guidance increased by A$400 million to a range of A$2,200 million to A$2,400 million (previously A$1,800 million to A$2,000 million).