NEXTDC sees double digit revenue uptick in H1 FY26

NEXTDC has announced its financial results for the half year ended 31 December 2025 (1H26), with both net revenue and total revenue rising by double digits when compared to the half year prior (1H25).

Net revenue increased $21.4 million (up 13%) totalling A$189.2 million (1H25: $167.8 million), while total revenue also increased $26.3 million (up 13%) to $231.8 million (1H25: $205.5 million).

Underlying EBITDA was also up by $9.9 million (+9%) to $115.3 million (1H25: $105.4 million).

Contracted utilisation increased by 240.5MW (up 137%) to 416.6MW.

In both May and June of last year, the company reported upticks in contracted utilisation.

The company also provided an update on its development activity, confirming that development approval has been obtained for its S4 Sydney and M4 Melbourne data centres.

M3 Melbourne’s total planned capacity has been upgraded from 200MW to 225MW, while S4 Sydney’s total planned capacity has been upgraded from 300MW to 350MW.

Planning works also continue for S7 Sydney (which will host a hyperscale AI campus and graphics processing unit in collaboration with OpenAI), GC1 Gold Coast and AK1 Auckland.

NEXTDC's P1 Perth data centre topped out Stage Two of its development in November.

“The step change in the scale of the Company’s activities over the past six months represents the culmination of many years of work to position NEXTDC to capture the unprecedented demand and reflects our reputation for delivering on time and at scale," NEXTDC CEO and MD Craig Scroggie said.

"Our record forward order book is expected to drive a material uplift in revenues and earnings as we deliver this capacity across the period to FY29."

Based on current billing, contracted utilisation levels and expected new customer contracts, NEXTDC increased its capex guidance to reflect the acceleration of its planned inventory expansion, while net revenue and underlying EBITDA guidance for FY26 remains unchanged.

“NEXTDC remains on track to deliver another record financial performance in FY26 on the back of exceptional sales and strong financial performance in 1H26," Scroggie said.

"With total liquidity of A$4.2 billion, record forward order book and record sales pipeline, the Company remains in an outstanding position to take advantage of further customer growth opportunities."