Surging demand, contract wins propel data centre stocks
As AI, cloud computing and digital transformation reshape the global economy, these ASX-listed infrastructure leaders are powering the backbone of this revolution.
NEXTDC Limited (ASX: NXT)
had another record breaking year in FY25 as AI and cloud demand kept rising. The company’s net revenue went up 14% to $350.2 million and underlying EBITDA also grew 6% to $216.7 million. It reached a record contracted utilisation of 244.8MW which is 42% higher than last year.
The company has a strong forward order book of 134MW which is expected to turn into billing revenue between FY26–FY29, helping future growth. NEXTDC is also expanding its data center network across Australia with major projects like M3 and M4 in Melbourne and S4, S5 and S7 in Sydney. At the same time, it is going global with new sites in Tokyo, Kuala Lumpur and Auckland.
With global AI infrastructure spending rising, NEXTDC’s high density liquid cooled “AI factory” setup makes it a key player in Australia’s growing digital and AI economy.
Infratil Limited (ASX: IFT)
continued showing good growth at with strong results in both digital infrastructure and renewable energy areas. The group aims for around 11–15% yearly returns in the next ten years, focusing on a simpler portfolio and smart reinvestments.
Its main business, CDC Data Centres, is expected to double FY25 earnings by FY27 helped by huge AI data demand and new expansions in Perth, Sydney and Auckland.
Gurin Energy is expanding fast in Asia with an 8GW project base, and its Vanda Solar Project will connect Indonesia and Singapore. On money side, Infratil has over NZ$3.5 billion in liquidity and plans NZ$1 billion of asset sales to fund new growth plans.
DigiCo Infrastructure REIT (ASX: DGT)
had a really good first year after getting listed, proving itself as an important player in Australia’s digital infrastructure space.
The company owns 13 data centres spread across Australia and North America with 76MW of installed IT capacity and another 162MW still in development. Its FY25 performance went above what was expected, reporting annualised underlying EBITDA of $99 million and Liquidity stayed healthy at around $740 million
On the operations side, DGT reached 86% contracted utilisation, with its U.S. portfolio fully booked. The Sydney 1 facility even received the ‘Certified Strategic’ tag from the Australian Government’s Hosting Certification Framework, showing how important it is as part of the country’s core infrastructure.
(Source: Company Announcement)
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