Australia's Macquarie Technology Group has reported a five percent increase in revenue to AU$193.4 million (US$137.6 million) and a three percent increase in EBITDA to US$41.1m in H2 2025.

The company said this was its 22nd half-year of consecutive EBITDA growth.

According to Macquarie, which owns Macquarie Data Centres, 95 percent of its revenue across data centers, cloud, cybersecurity, government, and telecoms was monthly contracted recurring revenue. The company reported an operating cash flow of $30m going into 2026, with a continued healthy cash conversion of 109 percent.

Macquarie’s capex was US$101m, driven by a growth capex of US$88m.

The company also reported an undrawn debt facility of US$279m going into its next half, which will fund further investment.

Its largest data center project, IC3 Super West, remains under construction and is on track to open in September 2026.

The company said that, before IC3 Super West is taken into account, it expects total capex for FY2026 to be between US$29.8m and US$34.1m. Capex for IC3 Super West alone is expected to be between US$128m and US$135m in FY2026.

The company expects a FY2026 EBITDA of US$81m to US$83m.

In its earnings statement, Macquarie said that the building of new data centers on the campus is expected in the next few years, and the company will consider a range of funding alternatives, including project finance and long-term infrastructure investors for its data centers.

Macquarie Technology Group chairman, Peter James, said: “Macquarie Technology Group is pleased to announce its 22nd consecutive half of EBITDA growth. The company continues to grow and evolve and sees ongoing opportunities to scale its digital infrastructure.”

“The combination of our diversified cloud, cyber security, telecom, and data center strategies means that the company is well placed to take advantage of the growth opportunities in technology.”

Earlier this month, the company announced the completion of a US$35.3m incremental debt facility to expand the IC3 Super West campus in Macquarie Park. The funding will be used to facilitate the acquisition of long lead-time equipment and bring the site from its initial 6MW capacity to 19MW.

The company broke ground on IC3 Super West, the third and final data center on the Macquarie Park campus, in June 2024.