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Update: NEXTDC Reports 11% Increase in Pro Forma Contracted Utilization; Shares Rise 3%

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(Updates with the stock movement in the headline and last paragraph.)

NEXTDC's (ASX:NXT) pro-forma contracted utilization increased 11% since April 20 to 740 megawatts as of June 30 following additional customer contract awards, according to a Tuesday filing with the Australian bourse.

The company's pro forma forward order book increased to 565 megawatts due to contract wins, per the filing.

The pro forma forward order book is expected to progressively convert to billings, revenue, and earnings before interest, taxes, depreciation, and amortization (EBITDA) over the fiscal year 2026 to fiscal year 2030 period, NEXTDC said.

The company's net revenue, underlying EBITDA, and capital expenditure guidance for fiscal year 2026 is unchanged.

NEXTDC shares gained 3% in recent Tuesday trade.

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