Slide 1: FY26 Half-Year Results
FY26 HALF-YEAR RESULTS 25 February 2026
Slide 2: Agenda
AGENDA 1H26 RESULTS 1H26 HIGHLIGHTS 1H26 FINANCIAL RESULTS 1H26 BUSINESS PERFORMANCE 1H26 ESG & WHS HIGHLIGHTS FY26 GUIDANCE APPENDICES NEXTDC © Copyright 2026 | 1H26 Results Presentation 2
Slide 3: 1H26 Highlights
1H26 HIGHLIGHTS NEXTDC © Copyright 2026 | 1H26 Results Presentation 3
Slide 4: 1H26 Highlights
1H26 HIGHLIGHTS NET UNDERLYING CONTRACTED BILLING REVENUE1 EBITDA2 UTILISATION UTILISATION A$189.2m A$115.3m 416.6MW 119.8MW 13% 9% 137% 29% Note: All percentage increases are expressed relative to 1H25 results 1. Comprises total revenue less direct costs 2. Refer page 33 for reconciliation to Under
Slide 5: AI Deployments Accelerating Revenue Conversion
AI DEPLOYMENTS ACCELERATING REVENUE CONVERSION Forward Order Book1 Conversion of Forward Order Book1 to Future Billing Forward Order Book 13MW Billing 77MW 297MW 152MW 417MW 134MW 55MW 87MW 111MW 120MW 86MW 2 FY24PF FY25 1H26 2H26 FY27 FY28 FY29 FY29 NEXTDC’s 297MW Forward Order Book is expected to
Slide 6: 1H26 Highlights
1H26 HIGHLIGHTS ▪ Net revenue1 grew 13% to A$189.2 million (1H25: A$167.8 million) ▪ Total revenue increased A$26.3 million (13%) to A$231.8 million (1H25: A$205.5 million) SOLID REVENUE ▪ Record sales year with contracted utilisation increasing 240.5MW (137%) to 416.6MW GROWTH ▪ Underlying EBITDA2
Slide 7: 1H26 Financial Results
1H26 FINANCIAL RESULTS NEXTDC © Copyright 2026 | 1H26 Results Presentation 7
Slide 8: 1H26 Profit and Loss Summary
1H26 PROFIT AND LOSS SUMMARY 1H26 1H25 Change 13% 9% A$m A$m A$m % Total revenue 231.8 205.5 26.3 13% Direct costs (42.6) (37.7) (4.9) (13)% 1 2 Net revenue1 189.2 167.8 21.4 13% Net Revenue Underlying EBITDA ▪ Net revenue (+13%): Strong top-line momentum with a further Facility costs2 (37.4) (30.0)
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 115.3 231.8 221.7 111.3 209.1 105.4 202.7 205.5 195.2 102.0 102.3 97.5 189.2 96.2 182.4 159.7 167.8 146.5 158.8 84.0 149.1 138.4 141.0 125.7 2H22 1H23 2H23 1H24 2H24 1H25 2H25 1H26 2H2
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 Net recurring revenue 13,958 5.2 13,144 12,785 12,399 4.9 12,180 11,849 4.6 4.4 11,041 4.1 4.1 4.0 10,595 3.9 2H22 1H
Slide 11: Well Capitalised for Growth
WELL CAPITALISED FOR GROWTH Balance sheet summary (A$m) Key Items 31 Dec 25 30 June 25 Cash 278 244 A$7.0bn Total assets Property (land and buildings)1 3,636 3,306 incl. A$3.6bn property Plant and equipment 2,690 1,927 Other assets 382 211 A$4.2bn Total assets2 6,986 5,689 Available liquidity A$278m
Slide 12: Debt Profile
DEBT PROFILE Debt facilities summary (A$m) Debt maturity profile (A$m) Facility Type Maturity Limit Drawn Undrawn Drawn Undrawn Facility A Revolving Dec 2029 1,500 880 620 Facility B Term Dec 2031 400 400 - Facility C Revolving Dec 2031 1,000 - 1,000 Facility D Revolving Dec 2030 1,800 1,180 620 1,2
Slide 13: 1H26 Business Performance
1H26 BUSINESS PERFORMANCE NEXTDC © Copyright 2026 | 1H26 Results Presentation 13
Slide 14: Utilisation
UTILISATION Built capacity1 vs contracted utilisation2 Contracted2 vs billing utilisation4 ▪ 173% of built capacity was contracted at 31 December 2025 ▪ Contracted utilisation up 240.5MW (137%) to 416.6MW since 31 December ▪ 33MW of new built capacity added in the six months to 31 December 2025 2024
Slide 15: Utilisation by Category
UTILISATION BY CATEGORY Contracted MW by customer category1 Interconnection by customer category1,2 4% 9% 8% Cloud & AI Cloud & AI ICT Providers 33% 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 ▪ S3 Sydney: 8MW delivered in 1H26, with the final 20MW in progress, bringing S3 to its full 80MW capacity upon completion 241MW 33MW 273MW 50MW+ 173% ▪ S6 Sydney: Remaining 10.8MW of capacity in progress, in line with contracted customer delivery require
Slide 17: 1H26 ESG & WHS Highlights
1H26 ESG & WHS HIGHLIGHTS NEXTDC © Copyright 2026 | 1H26 Results Presentation 17
Slide 18: ESG Highlights
ESG HIGHLIGHTS ▪ FY26 climate reporting readiness: On track to deliver reporting aligned with Australian Sustainability Reporting Standards (ASRS) AASB S2 as a Group 1 entity ▪ Recognition: S2 achieved Uptime Institute Sustainability Assessment Award ▪ Sustainable construction: Use of low-embodied c
Slide 19: WHS Highlights
WHS HIGHLIGHTS ▪ Construction safety excellence: Achieved a LTIFR of 0.2 and TRIFR of 1.9, reflecting the maturity of NEXDC’s safety assurance program and strong collaboration with principal contractors, general contractors, WHS advisors, and independent experts ▪ Safety in design: Early engagement
Slide 20: FY26 Guidance
FY26 GUIDANCE NEXTDC © Copyright 2026 | 1H26 Results Presentation 20
Slide 21: FY26 Guidance
FY26 GUIDANCE ▪ Net revenue in the range of A$390 million to A$400 million (unchanged) ▪ Billing ramp of the 297MW forward order book is accelerating across FY26 to FY29, with 152MW of billing conversion in FY27 to deliver material uplift in revenue and earnings over this period and beyond ▪ AI, clo
Slide 22: Q&A
Q&A FULL-YEAR RESULTS NEXTDC © Copyright 2026 | 1H26 Results Presentation 22
Slide 23: Appendices
APPENDICES NEXTDC © Copyright 2026 | 1H26 Results Presentation 23
Slide 24: Development Projects
DEVELOPMENT PROJECTS NEXTDC © Copyright 2026 | 1H26 Results Presentation 24
Slide 25: 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 26: KL1
KL1 NEXTDC © Copyright 2026 | 1H26 Results Presentation 26
Slide 27: M2
M2 NEXTDC © Copyright 2026 | 1H26 Results Presentation 27
Slide 28: M3
M3 NEXTDC © Copyright 2026 | 1H26 Results Presentation 28
Slide 29: 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 ~1MW Status Design & Town Planning Status Design & Town Planning B2 BRISBANE GE1 GEELONG Total power planned 12MW Total power planned ~4MW Built capacity
Slide 30: Development Projects
DEVELOPMENT PROJECTS M2 MELBOURNE P1 PERTH Total power planned ~120MW+ Total power planned ~10MW+ Built capacity 51MW + 30MW in progress Built capacity 5.5MW + 2MW in progress Status Operational Status Operational M3 MELBOURNE P2 PERTH Total power planned ~225MW Total power planned ~20MW+ Built capa
Slide 31: Development Projects
DEVELOPMENT PROJECTS S4 SYDNEY S7 SYDNEY Total power planned ~350MW Total power planned ~550MW+1 Initial capacity ~10MW for Phase 1 Initial capacity TBD Status Development Approval obtained Status Design & Town Planning S5 SYDNEY SC2 SUNSHINE COAST Total power planned ~80MW+1 Total power planned ~6M
Slide 32: Development Pipeline
3.5GW+ 1 DEVELOPMENT PIPELINE 1 • 1.8GW + Planned Capacity • 120MW Billing • 417MW Contracted International: • 241MW Built 1GW+ 1 • 273MW In Progress Rest of Australia: Sydney Region: 1GW+ 1 1 ~500MW Melbourne Region: 1 1. Subject to development approvals, new site acquisitions and partnerships NEXT
Slide 33: Underlying EBITDA Reconciliation
UNDERLYING EBITDA RECONCILIATION Key Items 1H26 1H25 A$m A$m Net profit / (loss) after tax (39.4) (42.7) Add: finance costs 33.3 64.5 Less: interest income (5.5) (27.8) Add/(less): income tax expense (5.0) 5.4 Add: depreciation and amortisation 123.8 96.9 EBITDA1 107.3 96.3 Add: early-stage internat
Slide 34: Case Study
CASE STUDY NEXTDC © Copyright 2026 | 1H26 Results Presentation 34
Slide 35: Case Study: Victoria
CASE STUDY: VICTORIA 300 Contracted utilisation 280MW Contracted 250 Billing utilisation Built capacity 200 M3 upgrade MW 150 M2 land to to 225MW 100MW M3 goes live M1 land and M3 150MW site 100 buildings re-acquired acquired M2 40MW site M2 goes live acquired M2 land to 60MW 50 1H13 M1 goes live 0
Slide 36: 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 37: NEXTDC Investor Relations
NEXTDC INVESTOR RELATIONS investorrelations@nextdc.com 13 63 98 linkedin.com/company/nextdc X.com/nextdc facebook.com/datacentres youtube.com/user/nextdatacentre www.nextdc.com/blog NEXTDC © Copyright 2026 | 1H26 Results Presentation 37
Slide 38: Powering the Intelligence Economy
Powering the Intelligence Economy