Capital ExpenditureSignificant capex guidance for FY25, combined with lower EBITDA, is limiting potential improvements in NEXTDC's financial profile.
FY25 GuidanceFY25 guidance for NEXTDC is below expectations on net revenue and EBITDA, reflecting a slower ramp in the order book.
Revenue OutlookSlower than expected net-revenue outlook and delayed ramp profile contribute to meaningful EBITDA downgrades for NEXTDC.