Slide 1: FY25 Full-Year Results
FY25 FULL-YEAR RESULTS 28 August 2025
Slide 2: Agenda
AGENDA FY25 RESULTS FY25 HIGHLIGHTS FY25 FINANCIAL RESULTS FY25 BUSINESS PERFORMANCE FY25 ESG & WHS HIGHLIGHTS FY26 GUIDANCE APPENDICES NEXTDC © Copyright 2025 | FY25 Results Presentation 2
Slide 3: FY25 Highlights
FY25 HIGHLIGHTS NEXTDC © Copyright 2025 | FY25 Results Presentation 3
Slide 4: FY25 Highlights
FY25 HIGHLIGHTS NET UNDERLYING CONTRACTED INTERCONNECTION REVENUE1 EBITDA2 UTILISATION REVENUE A$350.2m A$216.7m 244.8MW A$30.2m 3 14% 6% 42% 7% Note: All percentage increases are expressed relative to the FY24 results 1. Comprises total revenue less direct costs 2. Refer page 35 for reconciliation
Slide 5: AI Deployments Accelerating Cash Flow Generation
AI DEPLOYMENTS ACCELERATING CASH FLOW GENERATION Forward Order Book1 Conversion of Forward Order Book1,2 to Future Billing 18MW 58MW 57MW 245MW Forward Order Book of 134MW to deliver a step change in future billings 134MW 111MW 87MW 10MW 10MW 45MW FY21 FY22 FY23 FY24PF 3 FY25 FY25 FY26 FY27 FY28-29
Slide 6: FY25 Highlights
FY25 HIGHLIGHTS ▪ Net revenue1 grew 14% to A$350.2m (FY24: A$307.9m) (FY25 Guidance A$340-350m) ▪ Total revenue increased A$22.9m (6%) to A$427.2m ▪ Record sales year with contracted utilisation increasing 72.2MW (42%) to 244.8MW SOLID REVENUE ▪ Interconnection revenues increased A$1.9m (7%) to A$30
Slide 7: Financial Results
FY25 FINANCIAL RESULTS NEXTDC © Copyright 2025 | FY25 Results Presentation 7
Slide 8: FY25 Profit and Loss Summary
FY25 PROFIT AND LOSS SUMMARY FY25 FY24 Change NET UNDERLYING (A$m) (A$m) (A$m) (%) 1 2 Total revenue 427.2 404.3 22.9 6% REVENUE EBITDA Direct costs 77.0 96.4 (19.4) (20)% 14% 6% Net revenue 350.2 307.9 42.3 14% ▪ Direct costs fell in FY25, reflecting the benefit of lower contracted energy prices
Slide 9: Strong Revenue and EBITDA Growth
STRONG REVENUE AND EBITDA GROWTH Revenue (A$m) Underlying EBITDA1 (A$m) Total revenue Underlying EBITDA Net revenue 427.2 216.7 404.3 204.3 193.7 362.4 169.0 291.0 134.5 246.1 200.8 104.6 350.2 307.9 279.4 247.5 203.1 162.7 FY20 FY21 FY22 FY23 FY24 FY25 FY20 FY21 FY22 FY23 FY24 FY25 1. Refer to page
Slide 10: Revenue Per Unit Metrics
REVENUE PER UNIT METRICS Annualised revenue per square metre1,2,3 (A$) Annualised revenue per MW 1,2,4 (A$m) Power passthrough revenue Power passthrough revenue Net recurring revenue 13,368 Net recurring revenue 4.88 12,109 12,285 4.52 4.40 4.27 10,714 10,374 10,682 4.03 3.99 FY20 FY21 FY22 FY23 FY2
Slide 11: Well Capitalised for Growth
WELL CAPITALISED FOR GROWTH Highlights Balance Sheet Summary ▪ Strong balance sheet underpinned by a portfolio of high-quality Key Items (A$m) 30 Jun 25 30 Jun 24 data centres in prime capital city locations Cash 244 1,236 ▪ Total assets of A$5.7bn Property (land and buildings)1 3,306 2,394 ▪ Conser
Slide 12: Debt Funding Profile
DEBT FUNDING PROFILE Highlights Debt Facilities Summary ▪ On 14 August 2025, NEXTDC announced an increase in its Debt Facilities Facility3 Type Maturity Limit Drawn Undrawn by A$3.5bn to A$6.4bn Facility A Revolving Dec 2029 A$1,500m A$748m A$752m ▪ A$5.0bn (~80%) of this total is in revolver facili
Slide 13: Business Performance
FY25 BUSINESS PERFORMANCE NEXTDC © Copyright 2025 2023 | FY25 Results Presentation 13
Slide 14: Utilisation
UTILISATION Built capacity1 vs contracted utilisation2 Contracted2 vs billing utilisation4 ▪ 118% of built capacity was contracted at 30 June 2025 ▪ Contracted utilisation up 72.2MW (42%) to 244.8MW since 30 June 20242,3 ▪ 42.7MW of new built capacity added in 12 months to 30 June 2025 ▪ Billing uti
Slide 15: Utilisation by Category
UTILISATION BY CATEGORY Contracted MW by customer category1 Interconnection by customer category1,2 6% 8% 8% Cloud & AI Cloud & AI ICT Providers 32% ICT Providers Enterprise & Government Enterprise & Government Ecosystem benefits are increasingly driven by Cloud and AI deployments are showing strong
Slide 16: Contracted Utilisation and Facility Capacity
CONTRACTED UTILISATION AND FACILITY CAPACITY ▪ 43MW of capacity delivered in FY25 ▪ 121MW currently in progress 180 ▪ 100MW+ in planning Contracted utilisation 150 Build in progress ▪ S3 Sydney: 24MW delivered; 20MW in progress; 8MW in planning 120 Built capacity ▪ S6 Sydney: Opened in 1H25 with 2.7
Slide 17: ESG & WHS Highlights
FY25 ESG & WHS HIGHLIGHTS NEXTDC © Copyright 2025 | FY25 Results Presentation 17
Slide 18: ESG Highlights
ESG HIGHLIGHTS ▪ KL1 on track for Green Building Index Platinum Rating: NEXTDC’s KL1 awarded a provisional Platinum rating, the highest rating under Malaysia’s Green Building Index for facility design ▪ Double Materiality: Completed NEXTDC’s first independently facilitated Double Materiality Assessm
Slide 19: WHS Highlights
WHS HIGHLIGHTS ▪ Construction Safety Excellence: Achieved a LTIFR of 0.0 (down from 0.8) and TRIFR of 1.4 (down from 4.6), reflecting the maturity of our safety assurance program and strong collaboration with Principal Contractors, WHS advisors, and independent experts ▪ Safety In Design: Early enga
Slide 20: FY26 Guidance
FY26 GUIDANCE NEXTDC © Copyright 2025 | FY25 Results Presentation 20
Slide 21: FY26 Guidance
FY26 GUIDANCE ▪ Net revenue of A$390 million to A$400 million (FY25: A$350.2 million) ▪ Forward order book of 134MW now accelerating its billing ramp up across FY26 to FY29, with 57MW of ramp due to go live in FY26 ▪ AI, cloud, hyperscalers, neoclouds, enterprise, ICT alliances and partners all driv
Slide 22: Q&A Full-Year Results
Q&A FULL-YEAR RESULTS NEXTDC © Copyright 2025 2023 | FY25 Results Presentation 22
Slide 23: Appendices
APPENDICES NEXTDC © Copyright 2025 | FY25 Results Presentation 23
Slide 24: Partnerships
PARTNERSHIPS NEXTDC © Copyright 2025 | FY25 Results Presentation 24
Slide 25: Tokyo Update
TK1 TOKYO UPDATE ▪ In partnership with CBRE IM ▪ Groundbreaking: December 2025 ▪ 1st Tier IV Data Centre in metro Tokyo ▪ Iconic location with exceptional ecosystem value ▪ 30MW Liquid cooled Ultra High Density ▪ Joint development partnership shortens time between material NEXTDC CAPEX and revenue g
Slide 26: Proposed Partnerships Over S4 & S7 Developments
PROPOSED PARTNERSHIPS OVER S4 & S7 DEVELOPMENTS NEXTDC plans to establish a joint venture company (Joint Venture) to attract third-party private investment for the development of the S4 and S7 hyperscale campuses in Western Sydney Support the development of S4 and S7, which together are Illustrative
Slide 27: Western Sydney Joint Venture: Key Benefits
WESTERN SYDNEY JOINT VENTURE: KEY BENEFITS ▪ NEXTDC is experiencing rapid leasing activity underpinned by structural demand growth in cloud and AI ▪ The JV will support the build-out of S4 and S7 in Western Sydney, expected to provide more than 850MW of IT capacity AI & CLOUD DEMAND ▪ Unlocks capita
Slide 28: Development Projects
DEVELOPMENT PROJECTS NEXTDC © Copyright 2025 2023 | FY25 Results Presentation 28
Slide 29: Regional Data Centre Platform
TK1 Tokyo TK2 REGIONAL DATA CENTRE PLATFORM Bangkok BK1 Kuala Lumpur KL1 ▪ A rapidly growing portfolio of operational data centres and JB1 development projects across SG1 Australia and the APAC region. Singapore Guam San Jose ▪ Continued expansion reflects NEXTDC’s commitment to meeting the growing
Slide 30: M3 Acceleration
M3 Acceleration Sovereign digital infrastructure at the speed and scale of AI NEXTDC © Copyright 2025 | FY25 Results Presentation 30
Slide 31: Development Projects
DEVELOPMENT PROJECTS AK1 AUCKLAND GC1 GOLD COAST Total power planned ~15MW 1+ Total power planned ~6MW 1 Initial capacity ~1.7MW Initial capacity ~1.2MW Status Design & Town Planning Status Design & Town Planning B2 BRISBANE Stage 2 GE1 GEELONG Total power planned ~12MW Total power planned ~4MW 1 In
Slide 32: Development Projects
DEVELOPMENT PROJECTS M2 MELBOURNE P1 PERTH Stage 2 Total power planned 120MW Total power planned ~10MW+ Built capacity 48MW + 18MW in progress Initial capacity 5.5MW + 2.2MW in progress Status Operational Status Stage 2 P. Completion FY27 M3 MELBOURNE S3 SYDNEY Total power planned 200MW Total power
Slide 33: Development Projects
DEVELOPMENT PROJECTS S5 SYDNEY SC2 SUNSHINE COAST Total power planned ~80MW+1 Total power planned ~6MW Built capacity Expected ~20MW for Phase 1 Initial capacity ~1.2MW Status Design & Town Planning Status Practical Completion 2H FY27 S6 SYDNEY TK1 TOKYO Total power planned 13.5MW Total power planne
Slide 34: Development Pipeline
3GW+ 1 DEVELOPMENT PIPELINE 1 • 1.7GW + Planned Capacity • 111MW Billing • 245MW Contracted International: • 208MW Built 1GW+ 1 • 121MW In Progress Rest of Australia: Sydney Region: 1GW+ 1 ~500MW Melbourne Region: 1 1. Subject to development approvals, new site acquisitions and partnerships NEXTDC ©
Slide 35: Underlying EBITDA Reconciliation
UNDERLYING EBITDA RECONCILIATION Key Items FY25 FY24 (A$m) (A$m) Net profit / (loss) after tax (60.5) (44.1) Add: finance costs 83.8 92.0 Less: interest income (33.5) (32.6) Add: income tax expense 1.9 7.8 Add: depreciation and amortisation 208.4 167.7 EBITDA1 200.0 190.7 Add: early-stage internatio
Slide 36: Market Insights
MARKET INSIGHTS NEXTDC © Copyright 2025 2023 | FY25 Results Presentation 36
Slide 37: Economic Impact
ECONOMIC IMPACT The AI opportunity is multi-trillion - infrastructure investment is the vehicle. AI Infrastructure Market Commentary - NVIDIA Q2 26 earnings: “We are at the beginning of an industrial revolution that will transform every industry.” “We see $3-4 trillion in AI infrastructure spend by
Slide 38: Key Demand Drivers
KEY DEMAND DRIVERS AI Infrastructure Market Commentary - NVIDIA Q2 26 earnings: “From thousands of Hopper GPUs in tens of megawatt data centres to now hundreds of thousands of Blackwells in 100MW facilities. And soon we’ll be building millions of Rubin GPU platforms powering multi-GW, multi-site AI
Slide 39: This is an AI Factory
This is an AI Factory ‘AI Factories’ are critical to a GPU- accelerated, AI-enabled future. Designed and engineered to meet NVIDIA reference architecture. Specifically designed and operated to enable: • Advanced Direct-to-Chip liquid cooling • Planning for power of up to 1000kW per rack • Flexible,
Slide 40: I call them AI factories
I call them AI factories …They’re AI factories because they have one job and one job only – generating these incredible tokens that we then reconstitute into music, intro words, into research, into chemical proteins. Jensen Huang: Founder & CEO, NVIDIA NEXTDC © Copyright 2025 | FY25 Results Presenta
Slide 41: Rack Density Transformation Drives Liquid Cooling
RACK DENSITY TRANSFORMATION DRIVES LIQUID COOLING 2025 2026 2027 2028 2029+ Illustrative NVDIA AI GPU Blackwell Blackwell Ultra Rubin Rubin Ultra Roadmap Estimated AI Multi-Node Peak ~ 130 – 250 kW ~ 250 – 500 kW + Density Estimated AI POD Average Multi- Node Density ~ 40 – 100 kW ~ 100 – 250 kW + E
Slide 42: A 5-gigawatt data center, capable of massive AI workloads
A 5-gigawatt data center, capable of massive AI workloads, would span approximately 30 million square feet – nearly on par with creating two- thirds of all existing global hyperscaler capacity in a single build... Sam Altman: CEO Open AI NEXTDC © Copyright 2025 | FY25 Results Presentation 42
Slide 43: We're building multiple more titan clusters as well
We’re building multiple more titan clusters as well. Just one of these covers a significant part of the footprint of Manhattan. Mark Zuckerberg: CEO Meta Facebook NEXTDC © Copyright 2025 | FY25 Results Presentation 43
Slide 44: We're developing AI for the enterprise
We're developing AI for the enterprise, delivering end-to-end solutions with the right infrastructure at the right scale for every use case across every industry, and with the pace of innovation that's occurring, I think the number of Dell AI factories is going to grow from thousands today to millio
Slide 45: Case Study
CASE STUDY NEXTDC © Copyright 2025 | FY25 Results Presentation 45
Slide 46: Case Study: Victoria
CASE STUDY: VICTORIA Highlights 120 Contracted utilisation M3 Melbourne build Billing utilisation accelerated as recent contract 100 Built capacity M2 land to M3 goes 120MW wins approach deployment live phase and growth outlook 80 M2 land to strengthens. Power planned 100MW upgraded from 150MW to M3
Slide 47: Important Disclaimer
IMPORTANT DISCLAIMER DISCLAIMER This presentation has been prepared by NEXTDC Limited (ACN 143 582 521) (‘NEXTDC’) and makes statements about it as well as its subsidiaries (together the ‘NEXTDC Group’). To the maximum extent permitted by law, no member of NEXTDC Group, or any of its officers, emplo
Slide 48: NEXTDC Investor Relations
NEXTDC INVESTOR RELATIONS investorrelations@nextdc.com 13 63 98 linkedin.com/company/nextdc twitter.com/nextdc facebook.com/datacentres youtube.com/user/nextdatacentre www.nextdc.com/blog NEXTDC © Copyright 2025 | FY25 Results Presentation 48
Slide 49: Powering the Intelligence Economy
Powering the Intelligence Economy