Macquarie Technology Group sees incremental gains in FY26, eyes 'modest growth' in FY27

Macquarie Technology Group has announced its results for the year ended 30 June 2026 (FY26), revealing EBITDA of $115.9 million, an increase of just 2% on FY25 ($113.6 million).

This was, however, the 12th consecutive year of EBITDA growth for the Group.

Revenue also rose, up 6% from FY25, with 95% of revenue coming from contracted monthly recurring revenue.

Macquarie Data Centres and Macquarie Cloud Services contributed the majority of the revenue and EBITDA for the Group; Macquarie Telecom made up 27% of revenue but only 17% of EBITDA, whereas Macquarie Government added just 14% of revenue but 35% of EBITDA. 

The company reaffirmed that its IC3 SuperWest construction remains on track and on budget as the project topped out in December and is slated to open next month. It said that IC3 SuperWest has attracted "significant demand by multiple customers" over the last months and that negotiations with an anchor customer are "well progressed". 

In March, the Australian government invested $200 million into Macquarie Technology Group via the National Reconstruction Fund Corporation to accelerate the use of sovereign cloud services and AI by Australian Government agencies, Defence, critical infrastructure and other Australian businesses.

Other highlights for the company in FY26 include Macquarie Data Centres hosting the Dell AI Factory with NVIDIA within its AI and cloud data centres, as well as Macquarie Telecom expanding its partnership with Fortinet and establishing a new partnership with Netskope.

Earlier this month, Macquarie Data Centres also completed the acquisition of a ~34,200sqm site in Macquarie Park to construct an engineering and technology campus co-located within a ~200MW data centre campus.

Chair Lisa Brock said Macquarie Technology has now delivered twelve consecutive years of EBITDA growth, reflecting the strength of the company's recurring revenue base and disciplined execution.

"By accelerating the development of IC3 SuperWest and acquiring the Macquarie Engineering & Technology Campus site, we are expediting investment in sovereign digital infrastructure and creating additional capacity to support Australia's growing demand for cloud, AI and cyber security," she said.

Chief executive David Tudehope said the company's capital structure has become increasingly diversified through the introduction of the Australian Government’s NRFC as a strategic investor.

"Combined with our existing debt facilities, this long-term source of capital provides additional financial flexibility to support the development of sovereign secure digital infrastructure, cyber security services and future growth initiatives," he said.

The company said it expects overall EBITDA to have modest growth in FY27, assuming IC3 SuperWest Phase 1 revenue commences in the second half of FY27.

In FY27, its Cloud Services and Government (CS&G) sector revenue is expected to also modestly grow, with FY26 margins likely to be maintained.

Macquarie Technology Group stated that as cloud and AI adoption grows across its customer base, it is investing in new products, AI platforms and infrastructure over the coming years to help customers manage their token and security economics.

Its Macquarie Government sector will continue to invest in Essential 8 security products.

Macquarie Telecom remains an important channel for securing CS&G services, the company said, but in FY27, Telecom’s EBITDA is expected to reduce by $2 million to $3 million. Margins are anticipated to be mid to high-teens levels after NBN pricing reduction has been passed to the customers.

While traditional voice continues to decline in line with the industry, Macquarie Telecom's next phase of growth is the extension of SDWAN through multi-vendor growth in security, it said.