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Australian-listed data centre operator NextDC is upgrading its plans for its proposed new Auckland facility to manage anticipated demand.
The company told shareholders today it was working towards obtaining development approval for a 15MW Auckland data centre rather than the originally planned 10MW.
“This will help meet New Zealand’s anticipated growth requirements and support the government’s digital
infrastructure forward planning,” the NextDC said in its annual report.
Development approval for the expanded proposal was well underway, the company said.
As reported exclusively last March, the Australian data centre heavyweight bought land in central Auckland and registered a New Zealand subsidiary.
NextDC bought a significant area of property in the upper Hobson Street area in Auckland. The land consisted of small parcels spread across seven titles currently used for car parking or occupied by mainly single level buildings.
NextDC today reported what it described as “another record result” for its 2024 financial year with rises in revenue and earnings before interest, tax, depreciation and amortisation (EBITDA) while its statutory loss after tax doubled.
According to its financial report released to the Australian Securities Exchange, the data centre operator’s revenue for the 12 months to 30 June increased by 12 per cent year-on-year to A$404.3 million, while underlying EBITDA rose by 5 per cent to A$204.3 million.
Meanwhile, its net loss after tax deepened from A$22 million in the prior financial year to A$44.1 million.
NextDC CEO and managing director Craig Scroggie said the underlying EBITDA result was above the top end of its guidance range for the financial year and the company also experienced a record increase in pro forma contracted utilisation and forward order book of 86.6 megawatts.
NextDC joins most of the hyperscale cloud providers, Australian company CDC, private equity-owned DCI and locals players such as Spark and Datacom in building or expanding Auckland datacentre capacity.