NEXTDC launches A$2.2bn plan after record 250MW utilisation surge

An announcement from Nextdc Limited ( (AU:NXT) ) is now available.

NEXTDC has reported a transformational jump in contracted utilisation, adding 250MW at its S4 Western Sydney facility to lift pro forma contracted capacity to 667MW and the forward order book to 544MW as of 31 March 2026. The surge, driven by strong hyperscale and AI demand, is expected to deliver contracted EBITDA of more than A$1.0bn from existing agreements, highlighting the company’s deepening revenue visibility and reinforcing its position in Australia’s data centre market.

To fund the accelerated rollout of S4 and a broader A$2.2bn capital plan, NEXTDC is launching a fully underwritten A$1.5bn equity entitlement offer and expanding its hybrid securities programme by A$700m, backed by a total A$1.7bn commitment from La Caisse. These moves will lift pro forma liquidity to about A$5.9bn and support roughly A$1.5bn of accelerated investment in S4 through FY27, while helping de‑risk Western Sydney developments ahead of potential private capital partnerships from 2027.

The most recent analyst rating on (AU:NXT) stock is a Buy with a A$16.60 price target. To see the full list of analyst forecasts on Nextdc Limited stock, see the AU:NXT Stock Forecast page.

More about Nextdc Limited

NEXTDC Limited is an Australian data centre operator that designs, builds and operates carrier- and cloud-neutral facilities serving hyperscale, enterprise and AI-focused customers. The company’s primary business is providing high‑capacity, high‑reliability colocation and infrastructure services to support rapidly growing cloud computing and artificial intelligence workloads, with a significant development focus in Western Sydney.

YTD Price Performance: 6.86%

Average Trading Volume: 2,395,060

Technical Sentiment Signal: Buy

Current Market Cap: A$8.58B

See more data about NXT stock on TipRanks’ Stock Analysis page.