Macquarie Technology Revises Fiscal 2025 CapEx Guidance for Data Center

MT Newswires Live

2025/05/05

Macquarie Technology Group (ASX:MAQ) revised its fiscal 2025 capital expenditure guidance for its IC3 SuperWest data center to a range of AU$95 million to AU$110 million, reflecting changes in construction timing, according to a Monday filing with the Australian bourse.

The company reiterated that the total cost for phase 1 of the project remains around AU$350 million and is expected to be completed by the third quarter of 2026.

Shares of the company rose 1% in recent Monday trade.

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