NEXTDC cuts FY27 revenue and EBITDA guidance after M3 Melbourne power delay

business_performance2026-10-20 22:31:44 UTCimp 0.84NXT.AX -0.95

NEXTDC reduced FY27 net-revenue guidance to A$475 million–A$500 million from A$615 million–A$640 million and underlying EBITDA guidance to A$245 million–A$265 million from A$385 million–A$410 million. The revision followed delays to electricity-network works in Melbourne that deferred delivery and billing of contracted capacity at the M3 data centre; the revised figures exclude the affected M3 contracts.

Occurred 2026-10-21 00:00:00 UTCSurprise 0.68Confidence 0.96

Rationale

Reuters directly reports that NEXTDC reduced FY27 net-revenue guidance from A$615 million–A$640 million to A$475 million–A$500 million and underlying EBITDA guidance from A$385 million–A$410 million to A$245 million–A$265 million after Melbourne electricity-network delays deferred delivery and billing of contracted M3 capacity. This is a material, forward-looking single-company earnings catalyst, appropriately classified as business_performance. The surprise score is moderated because an earlier trading-halt update had flagged a potential guidance impact. The announcement date is explicitly identified as 21 October 2026, but the exact real-world announcement time is unavailable; the timestamp therefore uses midnight UTC as a date-level estimate. Only NXT.AX is approved because the other listed stakeholders have speculative indirect read-throughs rather than direct evidence of changed expectations from this specific guidance revision. The prior new-event classification is retained, and no market-price movement is extracted.

EventsNEXTDC FY27 Guidance Cut Following M3 Melbourne Power Delays

Evidence

Australia's NEXTDC cuts FY27 earnings outlook after Melbourne data centre power delay

reuters2026-10-20 21:44:53 UTCOpen source

Australia's NEXTDC ASX:NXT on Wednesday cut its 2027 revenue and earnings forecasts after delays to electricity network works in Melbourne deferred the delivery and billing of contracted capacity at its M3 data centre.

The data centre operator now expects FY27 net revenue of A$475 million ($332.41 million) to A$500 million, down from prior guidance of A$615 million to A$640 million, excluding the affected M3 contracts.

NEXTDC also said it now expects FY27 underlying EBITDA of A$245 million to A$265 million, compared with its previous forecast of A$385 million to A$410 million, excluding the affected M3 contracts.

NextDC Reviewing Capex, Developments on Data-Center Power Delay

dow_jones2026-10-20 22:14:00 UTCOpen source

Australia's NextDC has begun a comprehensive capital-expenditure review and could sell some development sites after its near-term earnings outlook was hit by a power-supply delay to one of its Melbourne data centers.

NextDC on Wednesday said it had paused all projects not backed by customer contracts and reallocated capital to building out capacity already contracted to customers.

NextDC cut its guidance for the 12 months through June 30 to reflect the removal of 140 million Australian dollars, or US$98 million, of revenue it had expected to generate from M3 capacity already contracted out to a major customer.