M3 Melbourne Power Delay & Revised FY27 Guidance

• Delays in Jemena's electricity network works push M3 Melbourne power increase to FY28
• Revised FY27 net revenue guidance: A$475M to A$500M
• Revised FY27 Underlying EBITDA guidance: A$245M to A$265M
• FY27 capital expenditure guidance reduced to A$4.5B to A$5B
• Liquidity at 30 September 2026: A$8.675B

NEXTDC Limited (ASX: NXT) announced a revision to its FY27 financial guidance due to delays in electricity network works by Jemena, impacting its M3 Melbourne data centre. The next increase in grid supply to M3 is now expected in FY28, deferring the delivery and billing of contracted capacity. As a result, the company revised its FY27 net revenue guidance to A$475 million to A$500 million, down from A$615 million to A$640 million, and its Underlying EBITDA guidance to A$245 million to A$265 million, down from A$385 million to A$410 million. Capital expenditure guidance was also reduced to A$4,500 million to A$5,000 million, down from A$5,250 million to A$5,750 million. NEXTDC had A$8,675 million of liquidity at 30 September 2026 and remains in compliance with its financial covenants.

FY27 net revenue: A$475M to A$500M, Underlying EBITDA: A$245M to A$265M, capital expenditure: A$4.5B to A$5B

NEXTDC expects the first increase in grid supply at M3 Melbourne during FY28. The company is working with its customer and Jemena to minimize the impact of the delays and will provide further updates at its Annual General Meeting on 20 November 2026.