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ASX:NXT

16 stories mentioning ASX:NXTUpdated 9d ago

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Asia

Australian Shares Flat; NEXTDC Reports 11% Increase in Pro Forma Contracted Utilization

Australian shares were again flat on Tuesday after oil prices eased from a one-month high point on reports of potential de-escalation in the Middle East conflict.The S&P/ASX 200 Index was little changed to close at 8,793.30.Brent crude oil futures fell nearly 1% to trade around $88 per barrel. An Iranian official said the country had received a proposal from mediators for a 10-day ceasefire, Reuters reported. This was despite the Houthis in Yemen saying they would impose a naval blockade on major oil producer Saudi Arabia.Spot gold rose nearly 1% to $4,045.65 per ounce.On the domestic front, the ANZ-Roy Morgan Australian consumer confidence rose 0.3 points to 75.6 in the week of July 13 to July 19, ANZ reported.Australian consumer confidence edged higher last week, with improved sentiment around major household purchases largely offset by "weaker confidence in personal finances and the economic outlook," according to ANZ economist Sophia Angala.In company news, 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. The company's pro forma forward order book increased to 565 megawatts due to contract wins.Telix Pharmaceuticals (ASX:TLX) reported second-quarter revenue rose 21% to $247 million due to strong sale of precision medicine category. The company expects fiscal 2026 income to track in line with the upper end of the outlook of $950 million to $970 million.Lastly, PYC Therapeutics (ASX:PYC) said autosomal dominant optic atrophy (ADOA) patients in the ongoing clinical trials of its PYC-001 drug candidate showed sustained improvement in both visual acuity and retinal stress following repeat doses.

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Asia

Market Chatter: NEXTDC's Higher Contracted Utilization Creates Upside to Consensus Fiscal Year 2028 EBITDA Forecasts, Citi Says

NEXTDC's (ASX:NXT) latest 73-megawatt increase to its contracted utilization represents upside to consensus forecasts for fiscal 2028 earnings before interest, taxes, depreciation, and amortization (EBITDA), Citi said in a note, the Australian Financial Review reported Tuesday.Citi analyst Siraj Ahmed believes the added capacity could bring about AU$115 million in annual EBITDA at AU$1.6 million per megawatt, according to the report.The equity research firm maintained its buy rating on NEXTDC with a price target of AU$19.10, AFR reported.The company's shares advanced 5% in recent Tuesday trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

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

(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.

ASX:NXT
Asia

NEXTDC Reports 11% Increase in Pro Forma Contracted Utilization

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.

ASX:NXT
Asia

ASX Preview: Australian Shares to Rise as Oil Falls; Bravura Solutions Raises Fiscal 2026 Cash EBITDA Guidance

Australian shares are poised for a modest rise on Friday, tracking gains in global markets as easing oil prices and renewed diplomatic hopes helped ease concerns over escalating Middle East tensions.Investors also weighed a rebound in gold prices from a one-week low and the outlook for the US Federal Reserve's interest-rate path after Iran launched retaliatory strikes on US military assets in Gulf states.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 0.8%, 1.3%, and 0.3%, respectively.In the macroeconomy, Australia's rental market remained under pressure in the June quarter, with quarterly rental growth easing to 1.6% from 2.1% in March, while annual growth accelerated to 5.9% from 5.7% in the first quarter, pushing the national median dwelling rent to a record AU$705 per week, Cotality said Thursday.In corporate news, Bravura Solutions (ASX:BVS) now expects fiscal 2026 cash earnings before interest, taxes, depreciation, and amortization (EBITDA) of about AU$77 million, up from a previous guidance range of AU$69 million to AU$73 million.NEXTDC (ASX:NXT) entered into binding documentation for new senior debt facilities of AU$2.3 billion, an increase of AU$500 million on the earlier AU$1.8 billion of commitments.Australia's benchmark index fell 0.3% or 22.6 points to close at 8,762.50 on Thursday.

ASX 200ASX:BVSASX:NXT
Asia

NEXTDC Enters Binding Documentation for AU$2.3 Billion in Senior Debt Facilities

NEXTDC (ASX:NXT) entered into binding documentation for new senior debt facilities of AU$2.3 billion, an increase of AU$500 million on the earlier AU$1.8 billion of commitments, according to a Friday Australian bourse filing.Upon financial close of the new senior debt facilities, NEXTDC's total available senior debt facilities will increase to AU$8.7 billion from AU$6.4 billion. Margins on the new facilities are broadly consistent with margins on its existing senior debt facilities of similar tenor.Proceeds from the new facilities will be used for capital expenditure requirements associated with recent customer contract wins, ongoing data center developments, and for general corporate purposes.

ASX:NXT
Asia

Southern Cross Electrical Raises Fiscal 2026 EBITDA Outlook; Secures AU$150 Million of Work Awards; Launches Capital Raising Initiatives

Southern Cross Electrical Engineering (ASX:SXE) said it is raising its profitability outlook for fiscal 2026 after securing more than AU$150 million of new work awards, according to a Monday filing with the Australian bourse.The awards include one for its Heyday subsidiary for initial electrical and communications works on the first stage of Nextdc's (ASX:NXT) S4 Data Centre at Horsley Park, New South Wales, as well as one for its Trivantage Manufacturing unit to supply low voltage switchroom skids for a facility in Western Sydney.Lastly, the company's SCEE Electrical subsidiary secured a master construction agreement for electrical, instrumentation and controls works from Rio Tinto (ASX:RIO).Southern Cross now expects underlying fiscal 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) of at least AU$75 million, up from previous guidance of at least AU$72 million.The company also issued fiscal 2027 EBITDA guidance of at least AU$100 million, representing a 33% increase on the outlook for the current fiscal year.Additionally, Southern Cross is launching a AU$150 million fully underwritten institutional placement at an indicative range of AU$3.85 to AU$4 per share, as well as a AU$15 million non-underwritten share purchase plan. The company is also increasing an existing bank guarantee facility to AU$100 million from AU$75 million, adding a new revolving credit facility of AU$50 million to fund working capital needs, and signed a new AU$50 million facility to fund future acquisitions.Following the completion of these capital initiatives, the company expects to have pro forma liquidity of about AU$308.8 million, it said.Southern Cross also appointed Peter Bierton to the newly created role of chief operating officer, effective Aug. 24. Bierton most recently served as the CEO of Mainmark, a ground engineering and asset preservation company.Trading in the company's shares was halted.Nextdc's shares were up almost 4% in recent Monday trade, while Rio Tinto's shares gained roughly 2%.

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Asia

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Friday.Alcoa Corp (ASX:AAI): +4%, AU$93.22South32 (ASX:S32): +4%, AU$4.29Capstone Copper (ASX:CSC): +3%, AU$13.81James Hardie Industries (ASX:JHX): +3%, AU$28.97Evolution Mining (ASX:EVN): +3%, AU$12.18Rio Tinto (ASX:RIO): +2%, AU$186.03NEXTDC (ASX:NXT): +2%, AU$14.91SGH (ASX:SGH): +2%, AU$41.81Lynas Rare Earths (ASX:LYC): +2%, AU$18.92Pilbara Minerals (ASX:PLS): +2%, AU$6.28

ASX 200ASX:AAIASX:CSCASX:EVNASX:JHXASX:LYCASX:NXTASX:PLSASX:RIOASX:S32ASX:SGH
Asia

Nextdc Completes AU$480 Million Retail Entitlement Offer

Nextdc (ASX:NXT) successfully closed the retail component of its fully underwritten 1-for-5.4 accelerated non-renounceable entitlement offer, raising around AU$480 million at AU$12.70 per new share, as part of a broader AU$1.5 billion capital raising, according to a Thursday filing with the Australian bourse.The retail offer saw strong participation from eligible shareholders, with valid applications totaling about AU$407 million, representing an around 85% take-up rate, per the filing.The remaining around 5.7 million shares worth about AU$73 million that were not taken up by eligible or ineligible retail shareholders will be allocated to sub-underwriters, the filing added.The company's shares shed about 1% in recent Thursday trade.

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Asia

Nextdc Contracted EBITDA Expected to Exceed AU$1 Billion, RBC Capital Markets Says

Nextdc's (ASX:NXT) contracted earnings before interest, taxes, depreciation, and amortization (EBITDA) is expected to exceed AU$1 billion as the forward order book converts to billing utilization progressively through fiscal 2030, RBC Capital Markets said in a note on Monday.The company's pro forma contracted utilization as of March 31 came in at 667 megawatts, rising by around 250 megawatts since Dec. 31, 2025, while the forward order book increased by 247 megawatts to 544 megawatts.Nextdc's recent capital raising removes near-term funding risk, with pro forma liquidity increasing materially.RBC forecast fiscal 2026 revenue of AU$485 million and underlying EBITDA of AU$233 million, as well as fiscal 2027 revenue of AU$761 million and underlying EBITDA of AU$365 million.The investment firm reiterated an outperform rating on Nextdc with a price target of AU$22.Nextdc's shares fell nearly 3% in recent Tuesday trade.

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Asia

Nextdc Says JPMorgan Chase Ceases to be a Substantial Shareholder

Nextdc (ASX:NXT) received notice that JPMorgan Chase and its affiliates are no longer substantial holders of the company from Tuesday, according to a Friday filing with the Australian bourse.JPMorgan Chase and its affiliates became a substantial holder of the company on Monday, with a total voting power of 5.45%, an earlier filing showed.Nextdc's shares shed about 1% in recent Friday trade.

ASX:NXT
Asia

NEXTDC Completes Nearly AU$2 Billion Wholesale Offering of Subordinated Hybrid Securities

NEXTDC (ASX:NXT) completed the AU$1.7 billion wholesale offering of subordinated hybrid securities, comprising both the initial AU$1 billion series and the AU$700 million delayed draw series, according to a Thursday filing with the Australian bourse.Canada-based investment group La Caisse committed to subscribe for AU$1 billion and AU$700 million in the initial series and delayed draw series, respectively, the filing said.Settlement and issue of the initial series are expected to take place on May 15, while the delayed draw series may be issued within 12 months from May 6, subject to customary conditions precedent, per the filing.

ASX:NXT
Asia

Nextdc Secures AU$1.8 Billion in New Senior Debt Facilities

Nextdc (ASX:NXT) secured credit-approved commitments for AU$1.8 billion in new senior debt facilities from a syndicate of leading domestic and international banks, according to a Monday filing with the Australian bourse.The company's total senior debt capacity will increase to AU$8.2 billion from AU$6.4 billion following financial close, with pro forma liquidity rising to around AU$8.4 billion as at June 30, per the filing.The funds will be used primarily to support capital expenditure requirements associated with recent customer contract wins, ongoing data center developments, and general corporate purposes, the filing said.

ASX:NXT
Asia

Nextdc Launches AU$500 Million Retail Entitlement Offer

Nextdc (ASX:NXT) opened the retail portion of its fully underwritten 1-for-5.4 accelerated non-renounceable entitlement offer to raise about AU$1.5 billion in total, according to a Monday filing with the Australian bourse.The retail offer, expected to raise around AU$500 million, is priced at AU$12.70 apiece, the same price used in the institutional component, which recently closed and raised about AU$1 billion, per the filing.Eligible retail shareholders who fully exercise their entitlement may also apply for additional new shares up to 100% of their entitlement at the offer price under the top-up facility, the filing added.

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Asia

NEXTDC Prices AU$750 Million Subordinated Notes

NEXTDC (ASX:NXT) has successfully priced and allocated AU$750 million of 4-year floating rate subordinated notes in the Australian wholesale debt market, with the margin set at three-month bank bill swap rate plus 350 basis points, according to a Friday filing with the Australian bourse.The issuance is part of the company's broader capital plan, alongside its entitlement offer and AU$1.7 billion hybrid securities deal, supporting record contracted utilization and its AU$2.2 billion expansion strategy, per the filing.Settlement and issuance are scheduled for April 30, subject to standard conditions, the filing added.

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Asia

Nextdc Lifts Fiscal 2026 Capex Guidance Amid Surge in Contracted Demand

Nextdc (ASX:NXT) lifted its fiscal 2026 capital expenditure guidance to AU$2.7 billion to AU$3 billion from AU$2.4 billion to AU$2.7 billion previously after reporting a 60% increase in contracted utilization to 667 megawatts and an 83% jump in its forward order book to 544 megawatts, according to a Monday filing with the Australian bourse.The company expects higher contracted utilization and its order book to steadily convert into revenue, billing utilization, and earnings before interest, taxes, depreciation, and amortization (EBITDA) over fiscal 2026 to fiscal 2030, supported by ongoing expansion and early procurement at its S4 facility, the filing said.The company's fiscal 2026 net revenue and underlying EBITDA guidance remain unchanged, the filing added.

ASX:NXT

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