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Highlights:
- NextDC Limited (ASX:NXT) announced its 1HFY23 results ended 31 December last year on 28 February 2023.
- The company’s data centre services revenue grew 10% to AU$159.6 million from AU$144.5 million in pcp.
- For FY23, the company expects to achieve the top end of its revenue guidance.
NextDC Limited (ASX:NXT) shares ended higher for the second straight day, rising 2.726% to close at AU$10.550 on Wednesday, 1 March 2023. Including today’s gains, NXT shares have rallied 5.18% in the last two trading sessions. The stock has gained momentum since yesterday after it announced its 1HFY23 results ended 31 December last year. It closed Tuesday's market session at AU$10.27, rising 2.393%.
Let’s get apprised of the company’s 1HFY23 results.
NextDC’s 1HFY23 financial highlights
During 1HFY23, NextDC’s data centre services revenue grew 10% to AU$159.7 million from AU$144.5 million in pcp.
In 1HFY23, the company experienced a considerable rise in data centre revenue, along with a considerable 15% jump in underlying EBITDA to AU$97.5 million from AU$85 million in 1HFY22.
However, higher finance costs and depreciation and amortization charges led to a net loss of AU$2.8 million as against a net profit of AU$10.3 million in pcp.
NextDC’s 1HFY23 operational highlights
During the first half of the current fiscal, new sales of 1.2 MW were generated, leading to total contracted utilization of 84.2 MW. As a percentage of installed capacity in the company’s nationwide portfolio, the contracted utilization represents 65% of installed capacity. Around 15.5 MW of new capacity has been added since 30 June last year.
The company added 132 new customers to take its total customer count to 1,701, while interconnections were up 9% or 1,422 to 17,301, reflecting 7.9% of recurring revenue.
Further, M3 Melbourne was opened on schedule and budget. It has 13.5 MW of initial capacity, and more work on it is in progress. S3 Sydney base building (Phase 2) work in progress to be concluded, with an additional 10 MW of capacity presently being planned.
S5 offers future expansion in the Macquarie Park availability zone and was resolved in the first half of 2023. M4 offers future expansion in the Port Melbourne availability zone, which was resolved in the initial part of 2H23.
No dividend has been announced for the interim period ended 31 December last year.
NextDC’s FY23 outlook
The company said it is well-placed to achieve its FY23 guidance shared earlier. The data centre operator expects to achieve the top end of its revenue guidance of AU$340-355 million and underlying EBITDA guidance between AU$190 million and $198 million.
