Goodman Group released its FY25 results on 21 August, reporting operating profit of AUD 2.3 billion, up 13% on the prior year, and statutory profit of AUD 1.7 billion. The company said the performance reflected the strength of its financial position and the growing contribution of data centres, which now account for the majority of its development activity.
“The scale and potential impact of the data centre opportunity for Goodman is significant,” said Group chief executive Greg Goodman. “We are on target to have 0.5 GW of data centre development underway in key global cities by June 2026.”
Data centres represented 57% of Goodman’s development work in progress at 30 June 2025. The Group reported a global power bank of 5.0 GW across 13 major cities, with 2.7 GW of secured capacity and a further 2.3 GW in advanced stages of procurement. Of the secured capacity, 0.7 GW is stabilised, 0.3 GW is under development and 1.7 GW is in the pipeline.
During the year, Goodman completed several data centre projects and had 130 MW of fully fitted developments under construction at year end. Infrastructure works such as demolition, substructure and power connections are advancing across multiple sites. The company said it is in ongoing discussions with customers to provide a range of options, from powered shells to fully fitted facilities with operational solutions.
Goodman continues to expand through its capital partnering model, which it said is well suited to the scale of its data centre programme. In FY25 it established new partnerships in Europe and Hong Kong, launched a partnership in Australia, and plans to add another in Europe in FY26. The Group also sold a completed facility into its Goodman Japan Data Centre Partnership during the year.
Commenting on the outlook, the chief executive said: “Goodman is in a strong position heading into FY26 and is well placed for long-term growth, supported by the significant data centre opportunities in the near term and the Group’s financial capacity and flexibility.”
