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By Stuart Condie
SYDNEY–Australian data-center operator NextDC slipped to an annual loss on investment costs and flagged another year of elevated expenditure before operating leverage increases from fiscal 2025.
ASX-listed NextDC reported an annual loss for the 12 months through June of 25.6 million Australian dollars (US$16.4 million), compared with a A$9.1 million profit a year earlier. Revenue rose 25% on year to A$362.4 million but increased capital expenditure hit the bottom line.
It reported underlying earnings before interest, tax, depreciation and amortization of A$193.7 million, up from A$169.0 million a year earlier. NextDC initially guided for A$190 million-A$198 million in underlying Ebitda before narrowing its forecast in May to A$192 million-A$196 million.
NextDC did not declare a dividend.
Write to Stuart Condie at [email protected]
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