NEXTDC Limited (NXDCF) Q4 2026 Earnings Call Transcript
NEXTDC Limited (NXDCF) Q4 2026 Earnings Call August 27, 2026 7:30 PM EDT
Company Participants
Craig Scroggie – CEO, MD & Executive Director
Oskar Tomaszewski – Chief Financial Officer
Conference Call Participants
Eric Choi – Barrenjoey Markets Pty Limited, Research Division
Paul Mason – E&P, Research Division
Jonathan Atkin – RBC Capital Markets, Research Division
Tim Plumbe – UBS Investment Bank, Research Division
Andrew Gillies – Macquarie Research
Siraj Ahmed – Citigroup Inc., Research Division
Roger Samuel – Jefferies LLC, Research Division
Fraser Mcleish – MST Financial Services Pty Limited, Research Division
Nick Harris – Morgans Financial Limited, Research Division
James Druce – CLSA Limited, Research Division
Presentation
Operator
Thank you for standing by. Welcome to NEXTDC Limited Financial Year 2026 Results Announcement Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded.
I’d now like to hand the conference over to Mr. Craig Scroggie, Chief Executive Officer and Managing Director. Please go ahead.
Craig Scroggie
CEO, MD & Executive Director
Thank you, Amber, and good morning, ladies and gentlemen. Welcome to the NEXTDC results presentation for FY ’26. I’m joined today by our CFO, Oskar Tomaszewski.
Our results announcement, presentation and annual report were lodged with the ASX overnight. I draw your attention to the forward-looking statements disclaimer in the presentation.
Beginning on Slide 4. FY ’26 was the largest contracting year in NEXTDC’s history. Contracted utilization tripled to 740 megawatts on a pro forma basis, and we exceeded guidance on both net revenue and underlying EBITDA. Net revenue of $405 million was up 16% on FY ’25. Underlying EBITDA of $248.8 million was up 15%. Contracted utilization increased 202% to 740 megawatts. Billing utilization increased 58% to 175 megawatts.
Turning to Slide 5. NEXTDC’s forward order book hit a new high, now 565 megawatts on the back of a record sales year where we contracted
