• A very significant increase in NEXTDC's contracted utilisation and Forward Order Book, reflecting NEXTDC's leading market position in AI infrastructure delivery
• A record 250MW increase in contracted utilisation at S4, resulting in the Company's pro forma contracted utilisation rising 60% since 31 December 2025 to 667MW
• Pro forma Forward Order Book as at 31 March 2026 rose 83% to 544MW

NEXTDC has announced a transformational increase in its contracted utilisation, reflecting the company's leading market position in AI infrastructure delivery. The key highlights include:- A very significant increase in NEXTDC's contracted utilisation and Forward Order Book, with a record 250MW increase in contracted utilisation at S4, resulting in the company's pro forma contracted utilisation rising 60% since 31 December 2025 to 667MW.- The pro forma Forward Order Book as at 31 March 2026 rose 83% to 544MW.- Customers are increasingly partnering with operators like NEXTDC that combine a strong operational track record with the ability to deliver new capacity quickly, reliably and at scale.- Following the update, NEXTDC intends to invest ~A$1.5bn in the accelerated development of contracted utilisation at S4 through to the end of FY27 to align with initial delivery requirements.- NEXTDC's pro forma Forward Order Book of 544MW as at 31 March 2026, combined with the company's existing billing utilisation, is expected to generate EBITDA in excess of A$1.0bn, representing over 4x the mid-point of FY26 EBITDA guidance of A$235m.To fund this accelerated growth, NEXTDC is undertaking a 1 for 5.4 pro-rata accelerated non-renounceable entitlement offer to raise ~A$1.5bn, as well as increasing its Hybrid Securities Offer to A$1.7bn. The company also has additional capital initiatives, including A$1.5bn in additional senior debt and potential wholesale notes issuance and joint venture partnerships, to provide further funding capacity and financial flexibility.

NEXTDC's pro forma Forward Order Book of 544MW as at 31 March 2026, combined with the company's existing billing utilisation, is expected to generate EBITDA in excess of A$1.0bn, representing over 4x the mid-point of FY26 EBITDA guidance of A$235m.

Following today's major contracted utilisation update, NEXTDC intends to invest ~A$1.5bn in the accelerated development of contracted utilisation at S4 through to the end of FY27 to align with initial delivery requirements. Against the backdrop of NEXTDC's record Forward Order Book and accelerated development of contracted utilisation at S4, the company currently forecasts capex for FY27 to be ~A$5.0bn.