Capital Raise And ExpansionNEXTDC is undertaking a capital raise through a fully underwritten A$550mn institutional placement and a non-underwritten Share Purchase Plan of up to a maximum of A$200mn, expected to be used for the acquisition of new DC development sites in Asia.
Market Expansion And DevelopmentFacilities in Japan are progressing (TK1, ~28MW, with TK2 under evaluation) while a range of new facilities in planning were outlined across Melbourne/Sydney/Johor.
Strong Financial PerformanceNXT reported a strong FY24 result, with underlying Sales/EBITDA/NPAT that was +1%/+5%/-A$4mn vs. GSe - with net revenue (ex-power) & EBITDA +1%/+2% vs. top end of guidance.