Macquarie Technology Group Limited (ASX: MAQ) has successfully concluded its Annual General Meeting on 21 November 2025, with all resolutions passed decisively by poll. The technology infrastructure provider secured shareholder approval across the board, providing a clear mandate for management to execute its ambitious AUD 450 million data centre expansion strategy.
Company Secretary Michael Gold authorised the release of the market announcement, confirming that votes cast by members attending the meeting plus proxies held resulted in unanimous approval. The results were calculated by the Returning Officer at the conclusion of the meeting, enabling immediate disclosure to the Australian Securities Exchange.
Shareholders Back Board’s Infrastructure Vision
The Macquarie Technology Group AGM 2025, held at the Company’s Sydney office at Level 15, 2 Market Street at 9am, marked a critical juncture for the ASX-listed technology infrastructure provider. The approval of all resolutions provides the board with shareholder endorsement to proceed with significant capital deployment and strategic initiatives, strengthening market confidence in the Macquarie Tech AGM outcomes.
Figure 1: Employees inside a Macquarie Technology Group
This year’s AGM carries particular weight given the Company’s current capital-intensive phase. With construction of the IC3 Super West data centre progressing and a new AUD 450 million debt facility secured, the board required shareholder confidence to execute what represents one of the most aggressive expansion programmes in the Company’s history.
Macquarie Technology results 2025 in Context: A Company in Transformation
The timing of the Macquarie Technology Group AGM 2025 comes as the Company navigates a transformative period. Having delivered its eleventh consecutive year of EBITDA growth in FY25, with EBITDA reaching AUD 113.6 million on revenue of AUD 369.6 million, the Company is now pivoting from steady organic growth to aggressive infrastructure expansion.
The Data Centres segment has emerged as the primary growth engine, with revenue surging 14.1% to AUD 79.9 million in FY25. This performance underpins the board’s strategy to invest heavily in new capacity, with over AUD 106 million deployed into IC3 Super West construction during the last financial year. The AGM approval enables continued execution of this strategy without the uncertainty that could arise from contested resolutions or shareholder dissent.
Key Macquarie Tech AGM Outcomes That Shaped the Meeting
The Macquarie Technology results 2025 announcement does not provide details of the resolutions voted on, but based on ASX-listed Company practice, these can include re-elections of directors, adoption of the remuneration report, appointment of an auditor and granting share-issue authorities. But for Macquarie Technology this all matters more because it needs the capital to fund those growth ambitions.
The remuneration report, which detailed STI achievement of 69.4% for the Chief Executive and Chief Financial Officer and 52.4% for the Managing Director Hosting, would have been subject to shareholder vote. The board’s decision to maintain a no-dividend policy during this capital-intensive phase would also have been implicit in several resolutions, representing a clear prioritisation of growth investment over immediate shareholder returns.
AUD 450 Million Facility Backs Growth Plans
The completion of a new undrawn AUD 450 million debt facility during FY25 provides the financial foundation for the Company’s expansion ambitions. This facility, specifically structured to support data centre portfolio growth and IC3 Super West construction, represents a significant increase from the previous AUD 190 million facility.
The Company held cash and cash equivalents of AUD 6.2 million plus cash on deposit of AUD 56.2 million as at 30 June 2025, with zero drawn from the new secured debt facility.
Figure 2: Financial Performance Snapshot
This liquidity position, combined with operating cash flows of AUD 109.9 million generated in FY25, provides management with multiple funding options for future projects including the proposed 150 MW Sydney data centre campus.
Transparent Governance at the Macquarie Technology Group AGM 2025 Strengthens Investor Confidence
The decision to conduct all voting by poll rather than show of hands demonstrates the Company’s commitment to governance best practice. This method ensures every vote, including proxies submitted by shareholders unable to attend, is counted and recorded accurately, providing a true reflection of shareholder sentiment.
Company Secretary Michael Gold’s role in authorising the announcement release ensures compliance with ASX Listing Rule requirements for continuous disclosure. The calculation of results by the Returning Officer at the meeting’s conclusion enables same-day disclosure, minimising any information asymmetry between attendees and the broader market.
MAQ Share Price Performance
The Macquarie Technology share price closed at AUD 61.51 per share on the most recent trading day. The stock has traded in a 52-week range of AUD 52.66 to AUD 91.39 per share, with current market capitalisation standing at approximately AUD 1.59 billion.
Figure 3: MAQ Share Price Performance
The share price has experienced volatility during the capital-intensive phase, though the AGM approval provides clarity on governance matters that could influence investor sentiment.
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Frequently Asked Questions
Q1: When and where was the Macquarie Technology Group AGM 2025 held?
The Macquarie Technology Group AGM 2025 was held on Friday, 21 November 2025 at 9am at Level 15, 2 Market Street, Sydney NSW 2000.
Q2: What were the key outcomes of the Macquarie Technology AGM 2025?
All resolutions presented at the Macquarie Technology Group AGM 2025 were passed based on votes cast by members attending the meeting plus proxies held.
Q3: Why is this AGM particularly significant for Macquarie Technology?
This AGM provides shareholder endorsement during a capital-intensive phase, with a new AUD 450 million debt facility secured and AUD 106 million invested in IC3 Super West construction during FY25.
Q4: How did Macquarie Technology perform financially in the year leading up to the AGM?
Macquarie Technology delivered its eleventh consecutive year of EBITDA growth in FY25, with EBITDA increasing 4.1% to AUD 113.6 million on revenue of AUD 369.6 million.
