Macquarie Technology Group Reports Continued EBITDA Growth and Strategic Investments

Macquarie Telecom Group Limited ( (AU:MAQ) ) just unveiled an update.

Macquarie Technology Group Ltd announced its half-year results, marking twenty consecutive periods of EBITDA growth. The company reported a 6% increase in EBITDA and a 21% rise in net profit after tax compared to the previous year. Significant investments are being made in the construction of the IC3 SuperWest data center, which is expected to be AI-ready and completed by Q3 2026. The company is aligning its data center assets for future growth and external funding opportunities, while also planning to acquire a new campus in Sydney to support its expansion plans. Despite challenges, Macquarie Technology maintains a strong financial position with an undrawn debt facility and cash reserves to fund ongoing and future projects.

More about Macquarie Telecom Group Limited

Macquarie Technology Group Ltd operates in the technology sector, focusing on cloud services, cybersecurity, and artificial intelligence. The company is committed to leveraging megatrends in these areas to drive its business, maintaining strong EBITDA margins despite cost pressures, and has a robust financial position to support further investments.

YTD Price Performance: -10.35%

Average Trading Volume: 32,219

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$2.04B

For detailed information about MAQ stock, go to TipRanks’ Stock Analysis page.