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Nextdc Limited
(Sydney:NXT)
Nextdc Limited (NXT) vs. iShares MSCI Australia ETF (EWA)
Nextdc Limited Business Overview & Revenue Model
Nextdc Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 427.21M | 427.21M | 404.34M | 362.37M | 291.04M | 246.06M |
| Gross Profit | 33.78M | 350.20M | 307.90M | 75.92M | 79.37M | 54.19M |
| EBITDA | 235.34M | 227.71M | 217.77M | 185.61M | 161.58M | 136.98M |
| Net Income | -60.54M | -60.54M | -44.15M | -25.64M | 9.14M | -23.63M |
Balance Sheet | ||||||
| Total Assets | 5.69B | 5.69B | 5.22B | 3.85B | 2.98B | 2.64B |
| Cash, Cash Equivalents and Short-Term Investments | 243.69M | 243.69M | 1.24B | 765.84M | 456.56M | 652.33M |
| Total Debt | 1.21B | 1.21B | 1.46B | 1.44B | 1.14B | 860.45M |
| Total Liabilities | 1.54B | 1.54B | 1.65B | 1.57B | 1.28B | 980.69M |
| Stockholders Equity | 4.15B | 4.15B | 3.57B | 2.28B | 1.70B | 1.66B |
Cash Flow | ||||||
| Free Cash Flow | -1.36B | -1.37B | -809.66M | -579.21M | -459.80M | -191.10M |
| Operating Cash Flow | 212.86M | 222.64M | 128.79M | 126.79M | 122.04M | 127.39M |
| Investing Cash Flow | -1.59B | -1.59B | -950.91M | -710.02M | -599.93M | -318.50M |
| Financing Cash Flow | 372.08M | 372.08M | 1.29B | 893.06M | 286.98M | -55.33M |
Nextdc Limited Technical Analysis
Nextdc Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$1.43B | 29.56 | 60.59% | 3.05% | 5.82% | 11.11% | |
71 Outperform | AU$1.12B | 15.04 | 65.33% | 10.53% | 25.67% | 744.90% | |
71 Outperform | AU$716.95M | 13.35 | 24.81% | 3.89% | 11.19% | 34.96% | |
65 Neutral | AU$1.60B | 45.01 | 35.71% | 1.32% | 5.11% | 12.91% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
49 Neutral | $8.66B | -140.15 | -1.55% | ― | 5.66% | -16.43% | |
43 Neutral | AU$609.08M | -65.00 | -3.19% | ― | 0.40% | -280.65% |
Nextdc Limited Corporate Events
NEXTDC Limited has signed a Memorandum of Understanding with OpenAI to become a regional infrastructure partner under the Open AI for Countries program. This collaboration will focus on developing a next-generation hyperscale AI campus and GPU supercluster at NEXTDC’s S7 site in Sydney, supporting various sectors with secure, sovereign infrastructure. The S7 hyperscale campus will feature advanced engineering for sustainable digital infrastructure, positioning it as a leading AI facility in the Asia-Pacific region. The first phase of the project is expected to be completed in the second half of 2027, enhancing NEXTDC’s industry positioning and stakeholder engagement.
NEXTDC Limited has announced a significant increase in its contracted utilisation, which has grown by 71MW to 316MW, following recent customer contract wins. This has resulted in a 53% increase in its forward order book to 205MW, expected to convert to revenue between FY26 and FY29. Consequently, the company has raised its FY26 capital expenditure guidance by A$400 million to accommodate the expansion required for these new contracts. Despite the increased capex, NEXTDC’s net revenue and underlying EBITDA guidance for FY26 remain unchanged.
NEXTDC Limited announced that over 25% of votes were against the adoption of the remuneration report at their Annual General Meeting, marking a ‘first strike’ under the Corporations Act 2001. This outcome may impact the company’s governance and stakeholder relations, highlighting potential concerns among shareholders regarding executive compensation.
Nextdc Limited announced that Jennifer M Lambert has ceased to be a director as of November 13, 2025. Lambert held an indirect interest in 34,763 fully paid ordinary shares through the Evans Family Superannuation Fund, where she is a beneficiary. This change in the board may impact the company’s governance and strategic direction, potentially influencing stakeholder confidence.
Nextdc Limited held its Annual General Meeting where several key resolutions were voted on. The remuneration report was not carried, with a significant majority voting against it. However, the re-election and election of directors, including Mr. Stephen M Smith, Mrs. Deborah Page, and Mr. Jamaludin Ibrahim, were successfully carried, indicating strong support for the company’s leadership. Additionally, the approval of performance rights for Mr. Craig Scroggie under the FY26 Long Term Incentive Plan was also carried, reflecting confidence in the company’s strategic direction.
Nextdc Limited reported strong financial growth for FY25, with a 14% increase in net revenue and a 6% rise in underlying EBITDA. The company is strategically positioned to capitalize on the growing AI and data center infrastructure market, with significant expansions planned across Australia and internationally, including new developments in Kuala Lumpur and Tokyo. The company has strengthened its financial capacity with a $3.5 billion increase in debt facilities, providing a total of $6.4 billion in capacity to support future growth. This expansion aligns with the anticipated global investment in AI infrastructure, positioning Nextdc as a key player in the digital economy’s transformation.
NEXTDC Limited’s 15th Annual General Meeting highlighted significant developments including the appointment of two new board members, Mrs. Deborah Page and Mr. Jamaludin Ibrahim, bringing extensive experience in finance, governance, and technology. The company reported a record-setting fiscal year with 42% growth in contracted utilization and increased funding to $6.4 billion. NEXTDC is adapting to evolving digital infrastructure demands by expanding its operations and engaging with stakeholders across the Asia-Pacific region. The introduction of a Growth Incentive Plan aims to retain top talent in a competitive market, aligning rewards with long-term shareholder value. The company continues to focus on operational efficiency, sustainability, and strong governance to support its growth and meet emerging global standards.
Nextdc Limited has announced its Annual General Meeting for the fiscal year 2025, scheduled to take place on Thursday, 13 November 2025. The meeting will be held at 11:00am AEDT and will involve discussions led by the company’s board of directors, including CEO and Managing Director Craig Scroggie. This event is a significant opportunity for stakeholders to engage with the company’s leadership and gain insights into its strategic direction and operational performance.
Nextdc Limited has announced the appointment of Mr. Jamaludin Ibrahim as a director, effective November 1, 2025. Mr. Ibrahim holds 15,000 ordinary shares through a discretionary trust operated by Swiss Life (Singapore) Pte. Ltd. This appointment is part of the company’s strategic efforts to strengthen its leadership team, which may positively impact its market positioning and stakeholder confidence.
Nextdc Limited has announced the appointment of Mrs. Deborah Page as a new director, effective November 1, 2025. The announcement details Mrs. Page’s initial interest in the company’s securities, which includes 3,000 ordinary shares as a registered holder and an additional 1,500 ordinary shares held through Mattenjac Investments Pty Limited as the trustee for the Page Superannuation Fund. This appointment and disclosure of interests are part of the company’s compliance with ASX listing rules, reflecting transparency in governance and potentially impacting stakeholder perceptions positively.
NEXTDC Limited has announced its Annual General Meeting (AGM) scheduled for November 13, 2025, which will be held as a hybrid meeting allowing both in-person and virtual participation. The AGM will cover voting on the FY25 Remuneration Report, the grant of Performance Rights under the FY26 Long Term Incentive Plan, and the election of new directors, with some current directors retiring by rotation.
NEXTDC Limited announced a change in the director’s interest notice, specifically regarding Craig Ian Scroggie’s holdings. The update reveals that 39,224 Performance Rights previously allocated under the NEXTDC Long Term Incentive Plan lapsed due to unmet vesting conditions, resulting in a decrease in the total number of Performance Rights held. This change reflects the company’s ongoing management of executive incentives and may impact stakeholders’ perceptions of the company’s performance and governance practices.
Nextdc Limited has announced the quotation of 39,379 ordinary fully paid securities on the ASX, issued under an employee incentive scheme. This move is part of the company’s ongoing efforts to incentivize employees and align their interests with the company’s growth objectives, potentially enhancing its operational efficiency and market positioning.
NEXTDC Limited has appointed Mr. Jamaludin Ibrahim as a non-executive director, effective November 1, 2025. Mr. Ibrahim brings over 40 years of executive experience in the IT and telecommunications sectors, having held various leadership roles, including CEO positions. His extensive board experience across multiple industries and countries, particularly in technology and telecommunications, aligns with NEXTDC’s ambitions to expand its business into Asia. The appointment is expected to leverage Mr. Ibrahim’s insights and skills to further enhance NEXTDC’s growth and reputation in the digital economy.
NEXTDC Limited has appointed Deborah Page AM as a non-executive director to its board, effective November 1, 2025. Mrs. Page brings extensive experience in governance, corporate finance, and various industry sectors, enhancing NEXTDC’s strategic growth and expansion efforts amid Australia’s digital transformation and AI infrastructure boom.
Nextdc Limited announced the issuance of 69,871 ordinary fully paid securities as part of their unquoted equity securities. This move indicates the company’s ongoing efforts to manage its capital structure and potentially enhance its financial flexibility, which could impact its market positioning and stakeholder interests.