Nextdc Limited ( (NXDCF) ) has released its Q2 earnings. Here is a breakdown of the information Nextdc Limited presented to its investors.
NEXTDC Limited is an Australian company specializing in the development and operation of independent data centers across the Asia Pacific region, known for its engineering innovation and customer-focused services. In its latest financial report for the half-year ending December 31, 2024, NEXTDC reported a mixed performance with a slight decline in total revenue but an increase in net revenue and underlying EBITDA. The company saw a significant increase in contracted utilization, which rose by 18% to 176.0MW, and maintained a strong forward order book of 83.0MW, indicating potential future growth. Despite a net loss after tax of $42.7 million, NEXTDC’s liquidity remains robust with $2.5 billion in cash and undrawn debt facilities. The company continues to invest heavily in expanding its infrastructure, with $1 billion allocated to capital development projects, including new data centers in Adelaide, Darwin, and Sydney, as well as international expansion efforts in Kuala Lumpur and Auckland. Looking ahead, NEXTDC is focused on leveraging its strategic investments and technological innovations to drive scalable growth and enhance its competitive edge in the data center market.