NEXTDC's Loss Widens in Fiscal H1 Despite Rise in Revenue; Shares Hit 52-Week Low

MT Newswires Live
02-24

NEXTDC (ASX:NXT) 
reported Monday that its fiscal first-half loss widened to AU$0.0685 per diluted share from AU$0.0418 per diluted share a year earlier.

Analysts polled by Visible Alpha expected a loss per diluted share of AU$0.043.

Net revenue for the six months ended Dec. 31, 2024, was AU$167.8 million, up from AU$149.1 million a year earlier.

Data center services revenue was AU$204.9 million, compared with AU$206.7 million a year earlier. Analysts surveyed by Visible Alpha expected AU$207 million.

The data center operator reaffirmed its fiscal 2025 net revenue guidance of AU$340 million to AU$350 million, as well as underlying earnings before interest, taxes, depreciation, and amortization guidance of AU$210 million to AU$220 million.

The company's shares were down almost 3% in recent Monday trade, earlier hitting a 52-week low.

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