• Net revenue up 13% to A$189.2 million
• Underlying EBITDA up 9% to A$115.3 million
• Contracted utilisation increased 137% to 416.6MW
• Preparing to launch subordinated notes offering
• Evaluating JVCo structure for S4 and S7 projects

NEXTDC Ltd (ASX: NXT) today announced its financial results for the half-year ended 31 December 2025 (1H26), delivering strong operational and financial performance. Key highlights include a 13% increase in net revenue to A$189.2 million, a 9% increase in underlying EBITDA to A$115.3 million, and a 137% increase in contracted utilisation to 416.6MW. The company's forward order book of 296.8MW is expected to drive a material uplift in revenues and earnings as this capacity is delivered across FY26 to FY29. NEXTDC is preparing to launch a subordinated notes offering to fund its growing contracted capacity pipeline and is also evaluating a JVCo structure for its S4 and S7 projects to provide additional capital recycling capacity while retaining operational control and long-term economic participation. The company has also obtained development approvals for S4 Sydney and M4 Melbourne, upgraded the planned capacity for M3 Melbourne and S4 Sydney, and added 33MW of additional built capacity during 1H26. For FY26, NEXTDC has increased its capital expenditure guidance to A$2,400 million to A$2,700 million to accelerate its planned inventory expansion, while maintaining its guidance for net revenue and underlying EBITDA.

For FY26, NEXTDC expects: net revenue in the range of A$390 million to A$400 million (unchanged), and underlying EBITDA in the range of A$230 million to A$240 million (unchanged).

NEXTDC remains on track to deliver another record financial performance in FY26 on the back of exceptional sales and strong financial performance in 1H26. With total liquidity of A$4.2 billion, record forward order book and record sales pipeline, the Company remains in an outstanding position to take advantage of further customer growth opportunities.