• Revenue up 12% to $106.8 million
• Gross profit up 12% to $74.7 million
• Net profit of $0.9 million

Megaport Limited, a leading provider of on-demand interconnection services, has reported its financial results for the half-year ended 31 December 2024. The company's revenue grew by 12% to $106.8 million, with the Americas, Asia Pacific, and Europe all contributing to the growth. Gross profit increased by 12% to $74.7 million, maintaining a gross margin of 70%. EBITDA for the period was $27.6 million, while the company recorded a net profit of $0.9 million. Megaport continued to invest in its go-to-market capabilities, global network, and product innovations during the half-year, including the launch of new services such as AI Exchange and Financial Services Exchange. The company's key performance indicators, such as Annual Recurring Revenue, Customer Logos, Ports, and Total Services, all showed strong growth compared to the previous corresponding period. Megaport holds a strong financial position, with net current assets of $73.1 million, cash and cash equivalents of $89.8 million, and total equity of $175.6 million.

Megaport expects to continue its strong growth trajectory, with Annual Recurring Revenue reaching $226.6 million as of December 2024, up 18% from the previous 12-month period.

Megaport is well-positioned to capitalize on the growing demand for on-demand interconnection services, with a focus on expanding its global reach, enhancing its product offerings, and driving further operational efficiencies.