NEXTDC Limited (ASX: NXT) has announced that, following recent customer contract wins, the Company’s pro forma contracted utilisation [1] as at 31 May 2025 has increased by 16MW (7%) to 244MW since the last update on 6 May 2025.
The largest increase in contracted utilisation has come from NEXTDC’s data centre under development in Kuala Lumpur, Malaysia (KL1), which now totals 10MW representing 15% of its planned capacity.
The KL1 facility is scheduled to go live in early calendar 2026 and is being constructed to achieve Uptime Institute Tier IV Certification for both Design and Construction, representing the highest global standard for fault tolerance, resilience, and operational integrity.
Most of the revenue from these new customer contract wins is expected to ramp up during FY27 following the completion and commissioning of additional data halls. The full revenue impact from these contracts will be realised from FY28 onwards.
As a result of these wins, NEXTDC’s pro forma forward order book, as at 31 May 2025, has reached a record level of 135MW.
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Craig Scroggie, CEO & Managing Director of NEXTDC, said:
“KL1 represents a strategic milestone in NEXTDC’s Asia expansion and reinforces our commitment to delivering sovereign, AI-native digital infrastructure across high-growth regional markets. Securing our first 10MW hyperscale customer ahead of launch in Kuala Lumpur is a strong endorsement of our execution capability and validates KL1’s role as AI-native digital infrastructure. This agreement builds on what was already a record year of new contract signings in our Australian business and reflects accelerating demand for high-density, AI-optimised infrastructure across the region. As the next industrial era takes shape in a rapidly evolving geopolitical landscape, AI infrastructure will be defined by five enduring pillars: speed, scale, security, sustainability and sovereignty. KL1 is purpose-built to meet that need – a scalable platform designed for critical AI workloads, where trust, proximity, and performance are nonnegotiable. This facility will play a foundational role in the AI economy – enabling the production of tokens, the generation of intelligence, and the infrastructure required to transform data into knowledge at scale.”
This announcement has been authorised for release by the Board of NEXTDC.
[1] Excluding contractual expansion options and reservations applicable to hyperscale customers