NEXTDC has announced a transformational increase in contracted utilization, rising to 667 MW, representing a 60% increase, alongside a fully funded USD 1.43 billion capital plan to accelerate delivery of AI-ready infrastructure.

The company's April 2026 announcements mark what it describes as a pivotal inflection point, with unprecedented demand from hyperscale and AI customers driving a step-change in contracted capacity.

Record Growth in Contracted Capacity

The data center operator has reported a significant expansion of its forward order book to 544 MW, representing an 83% increase. This growth has been driven by recent customer contract wins, with the company securing a record 250 MW customer commitment at its S4 Sydney facility.

The contracted utilization increased to 667 MW, following what NEXTDC describes as unprecedented demand from hyperscale and AI customers.

NEXTDC's investor presentation outlines what it characterizes as a transformational uplift in demand, highlighting strong earnings growth potential in a supply-constrained market. The company has positioned these developments as capturing a structural growth opportunity in the AI infrastructure sector.

USD 1.43 Billion Capital Investment Program

The company has outlined a fully funded USD 1.43 billion capital plan that includes approximately USD 975 million from an entitlement offer and expanded hybrid funding. This capital will be used to accelerate the development of key infrastructure, with particular focus on the S4 Sydney facility.

NEXTDC has increased its FY26 capital expenditure guidance to USD 1.76 billion–USD 1.95 billion to support accelerated capacity delivery.

The capital plan is designed to accelerate development across NEXTDC's portfolio, with the company maintaining its existing revenue and EBITDA guidance while expanding its infrastructure capacity.

The update highlights that contracted EBITDA is expected to exceed USD 650 million, reinforcing NEXTDC's growth outlook and market positioning.

Equity Raising Details

NEXTDC has announced a fully underwritten 1 for 5.4 pro-rata accelerated non-renounceable entitlement offer of new ordinary shares. Approximately 118.7 million new shares are expected to be issued through this offering, which is structured to provide eligible shareholders with the opportunity to participate on a pro-rata basis.

The company has issued a formal notice under Section 708AA(2)(f) of the Corporations Act 2001, confirming that the new shares will be issued without a prospectus under applicable Corporations Act provisions.

NEXTDC has confirmed full compliance with all relevant financial reporting and continuous disclosure obligations, stating that the entitlement offer is not expected to have a material impact on control of the company.

Timeline and Implementation

The entitlement offer follows a specific timeline with key dates already established. The ex-entitlement date and record date are both set for 22 April 2026. The retail offer is scheduled to close on 11 May 2026, with the issue date planned for 18 May 2026.

The company describes its capital position as strengthened, with an expanded funding program supporting the acceleration of development across its portfolio. The focus on AI-ready infrastructure delivery comes as NEXTDC positions itself to capture what it identifies as structural growth opportunities in the sector.

The announcements represent a significant scaling of NEXTDC's operations, with the company emphasizing the AI-ready nature of its infrastructure development. The S4 Sydney facility has been highlighted as a particular focus for accelerated capacity delivery within the expanded capital expenditure program.

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