• Strong ARR growth of $40M up 20% in FY25
• New Logo Growth of 236 - up 157% YoY
• Expanded product portfolio including new compute platform, 100G MCR, 400G customer ports

Megaport reported a strong FY25 with Annual Recurring Revenue (ARR) growing 20% to $243.8M. The company saw significant new logo growth, adding 236 new customers - a 157% increase year-over-year. This was driven by Megaport's expanded go-to-market capabilities, new product innovations, and global network expansion. Key product developments included a new compute platform, 100G MCR, 400G customer ports, and enhanced security and internet services. Megaport continued to invest heavily in its global data center footprint, adding 115 new locations for a total of 983 data centers. The company also extended its 400G backbone to 29 metros across the US and Europe, and increased its cloud on-ramps to 333. Financially, Megaport reported revenue of $227.1M, Normalised EBITDA of $57.0M, and Capex of $32.6M as it prioritized growth and innovation. Looking ahead, Megaport provided FY26 guidance of 15-19% revenue growth, 18-20% EBITDA margin, and 18-20% Capex as a percentage of revenue, as it continues to invest to accelerate growth in the coming years.

FY26 Guidance: Revenue $260M - $270M (15% - 19% YoY growth), EBITDA 18% - 20% of revenue, Capex 18% - 20% of revenue. Maintenance capex <3% of revenue.

Megaport is in a 'Transform and Reset' phase, prioritizing investment in go-to-market, product development, and global network expansion to drive accelerated growth in FY27 and beyond. The company is focused on capitalizing on its prior transformation to expand its total addressable market, aggressively grow market share, and continue investing while ensuring revenue grows faster than costs.