Macquarie Technology Group (ASX: MAQ): The ASX Stock Quietly Catching the AI Boom
While the market rushes toward AI software names, Macquarie Technology Group is quietly building the physical infrastructure that will power it all. And the numbers suggest this company may already be far ahead of the curve.
Macquarie Technology posted twenty consecutive halves of EBITDA growth. In 1H FY25, the company delivered revenue of $183.6 million and EBITDA of $56.2 million. Net profit after tax rose 21 percent to $17.9 million, with cash conversion at 105 percent. This is not a speculative tech name. It is a profitable, scaling business.
- 42 percent of Australian Government agencies are existing clients
- Two of the three global hyperscalers are already under contract
- IC3 SuperWest Phase 1 will deliver 6MW of AI-optimised capacity
- Power secured for up to 63MW at the full site
The company’s IC3 SuperWest project is purpose-built for AI and cloud. The first phase, expected to cost approximately $350 million, is under construction and on schedule. Designed for high-density computing and hybrid cooling, it is set to meet demand from AI, cybersecurity and cloud platforms.
Macquarie is also expanding its footprint with the Australian Taxation Office and remains a strategic partner across secure cloud and cyber infrastructure. With sovereign-certified data centres and scalable power access, it is becoming a critical part of Australia’s digital foundation.
For investors chasing long-term AI exposure, this might be the stock quietly building the core.
Megaport Limited (ASX: MP1): The ASX Stock Quietly Connecting the AI World
AI adoption is accelerating, but the infrastructure behind it often stays under the radar. Megaport Limited is one of the few ASX-listed companies building the connectivity layer that powers real-time AI workloads across the globe.
In 1H FY25, Megaport reported record results. Revenue reached $106.8 million, a 19 percent increase. Annual Recurring Revenue rose to $226.6 million, up 18 percent year on year. Gross profit was $74.7 million with a margin of 70 percent. Net cash flow came in at $15.7 million, improving 26 percent from the previous half.
- 2,720 customers using 31,677 services
- AI Exchange launched with more than 30 providers onboard
- Virtual Edge revenue grew 90 percent over the past twelve months
- 597 sites now enabled for high-speed 100G virtual cross-connects
The company expanded into Brazil and Italy during the period and strengthened its platform in the Americas. It launched a new compute service, enhanced support through AI-driven tools and released features like Managed Cross Connects.
Megaport also reaffirmed its FY25 guidance and continues to invest in automation and global growth. Trusted by hyperscalers, financial firms and global systems integrators, it is positioning itself as the digital backbone for enterprise AI and cloud ecosystems.
While other stocks promise potential, Megaport is already delivering high-speed, scalable network infrastructure.
And in the middle of the AI boom, that makes it one to watch very closely.
(Source: Company Announcements)
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