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HomeCloud ComputingEnergy costs impact NextDC’s bottom line

Energy costs impact NextDC’s bottom line

Craig Scroggie (NextDC)

Craig Scroggie (NextDC)

Credit: NextDC

NextDC’s profit after tax has dropped 381.3 per cent to A$25.6 million in the red during its last financial year, with direct costs shooting up by approximately 270 per cent over the 2023 calendar year.

During the 12 months to 30 June, the data centre operator’s bottom line fell from A$9.1 million in the black in the financial year prior, which came after a A$23.6 million loss in the financial year before that.

Costs during the period increased by 39 per cent, to A$170.1 million. The company said that short term direct costs driven by significantly higher contracted energy costs for calendar 2023 affected the second half of the year.

Total revenue was up 25 per cent, to $362.4 million, while underlying earnings before interest, tax, depreciation and amortisation (EBITDA) also increased by 15 per cent, to A$193.7 million.

In the period, NextDC opened its third Sydney data centre, S3 in October, which saw A$1 billion in investment, as well as its largest facility to date, M3 in October, located in Melbourne. It also revealed plans for it to expand into New Zealand and Malaysia, with sites for new facilities already purchased.

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