Nextdc Lifts Fiscal 2026 Capex Guidance Amid Surge in Contracted Demand

MT Newswires Live

Apr 20

Nextdc (ASX:NXT) lifted its fiscal 2026 capital expenditure guidance to AU$2.7 billion to AU$3 billion from AU$2.4 billion to AU$2.7 billion previously after reporting a 60% increase in contracted utilization to 667 megawatts and an 83% jump in its forward order book to 544 megawatts, according to a Monday filing with the Australian bourse.

The company expects higher contracted utilization and its order book to steadily convert into revenue, billing utilization, and earnings before interest, taxes, depreciation, and amortization (EBITDA) over fiscal 2026 to fiscal 2030, supported by ongoing expansion and early procurement at its S4 facility, the filing said.

The company's fiscal 2026 net revenue and underlying EBITDA guidance remain unchanged, the filing added.

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