• 13% increase in net revenue to A$189.2 million
• 9% increase in underlying EBITDA to A$115.3 million
• 137% increase in contracted utilisation to 416.6MW

NEXTDC Ltd reported a strong 1H26 performance, with a 13% increase in net revenue to A$189.2 million and a 9% increase in underlying EBITDA to A$115.3 million. The company saw a 137% increase in contracted utilisation to 416.6MW, reflecting strong demand for its data centre services. NEXTDC's balance sheet remains strong, with A$7.0 billion in total assets and A$4.2 billion in available liquidity. The company is preparing to launch a subordinated notes offering and is also progressing the evaluation of partnering with third-party capital through a JVCo structure for its S4 and S7 projects. NEXTDC continues to invest in network expansion, with A$1,285 million in capital expenditure during the period. The company has also made progress on its ESG and workplace health and safety initiatives, including achieving a LTIFR of 0.2 and TRIFR of 1.9 in its construction activities.

NEXTDC expects to deliver a step change in revenue and EBITDA as its 297MW forward order book converts to billings over the coming years, with over 200MW of capacity growth planned across FY26-FY27.