NEXTDC Limited Q4 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

Overview: FY'26 marked the largest contracting year in company history, with contracted utilization tripling to 740 MW (pro forma basis) and exceeding guidance on net revenue and underlying EBITDA. All figures compared to FY'25 unless noted. Strong growth driven by hyperscale and AI deployments, with record forward order book supporting future billing ramp.

Financial Highlights

  • Net Revenue: $405 million, +16% YoY (total statutory revenue $496.5 million, +16%).
  • Underlying EBITDA: $248.8 million, +15% YoY (exceeded top end of guidance by ~4%).
  • Net Profit After Tax (Statutory): $82.1 million (includes $129 million fair value gain on investment properties and tax loss recognition).
  • Direct Costs: Rose in line with customer consumption; facility costs +$11.3 million (+17%); corporate costs +$11.1 million (+17%).
  • Balance Sheet: Total assets $10.2 billion (PPE $5.8 billion; investment properties $3.2 billion from M3/S4 revaluations). Net assets ~$6.1 billion. Available liquidity $8.7 billion.

Continue Reading

Unlock the full AI-powered summary with key highlights, financial performance, and analyst Q&A.

Upgrade to Professional
Operator: Thank you for standing by. Welcome to NEXTDC Limited Financial Year 2026 Results Announcement Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I'd now like to hand the conference over to Mr. Craig Scroggie, Chief Executive Officer and Managing Director. Please go ahead. Craig Scroggie: Thank you, Amber, and good morning, ladies and gentlemen. Welcome to the NEXTDC results presentation for FY '26. I'm joined today by our CFO, Oskar Tomaszewski. Our results announcement, presentation and annual report were lodged with the ASX overnight. I draw your attention to the forward-looking statements disclaimer in the presentation. Beginning on Slide 4. FY '26 was the largest contracting year in NEXTDC's history. Contracted utilization tripled to 740 megawatts on a pro forma basis, and we exceeded guidance on both net revenue and underlying EBITDA. Net revenue of $405 million was up 16% on FY '25. Underlying EBITDA of $248.8 million was up 15%. Contracted utilization increased 202% to 740 megawatts. Billing utilization increased 58% to 175 megawatts. Turning to Slide 5. NEXTDC's forward order book hit a new high, now 565 megawatts on the back of a record sales year where we contracted 495 megawatts. Every megawatt in that forward order book is a binding customer contract. Importantly, the forward order book will ramp into faster billing growth as [ David Dzienciol ] delivered clients quicker than at any time in company's his

Continue Reading

Unlock the full earnings call transcript with speaker labels and formatted dialogue.

Upgrade to Professional