• Acquire Latitude.sh, a global Compute-as-a-Service platform, for US$150 million upfront and up to US$150 million in contingent consideration
• Invest A$43 million to accelerate India network expansion, including acquisition of a leading network operator
• Strong financial performance with 22% YoY ARR growth and 109% net revenue retention in Oct-25

Megaport, the world's leading Network-as-a-Service provider, has announced a fully underwritten A$200 million institutional placement to fund the acquisition of Latitude.sh and accelerate its network expansion into India. The acquisition of Latitude.sh, a leading global Compute-as-a-Service company, will create a global platform that unifies connectivity and high-performance compute infrastructure. The upfront consideration of US$150 million represents a multiple of 3.5x Latitude.sh's Sep-25 ARR and 8.3x FY25 adjusted EBITDA, with up to an additional US$150 million in contingent consideration linked to revenue and integration targets. The acquisition is highly strategic, providing Megaport with a compelling entry into the US$13 billion Compute-as-a-Service market, which is expected to grow at a 20% CAGR. Latitude.sh has demonstrated strong growth, with an ARR CAGR of over 50% per annum, and profitability, with adjusted EBITDA margins of around 50%. The acquisition is expected to enhance Megaport's financial metrics, with revenue and adjusted EBITDA increases of over 20% and 40%, respectively, on a historical pro forma FY25 basis. Megaport also announced an investment of approximately A$43 million to accelerate its India network expansion, including the acquisition of a leading network operator with a local team and hardware deployment in 40 data centers. Megaport has demonstrated strong financial performance, with October 2025 ARR of A$260.1 million (+22% YoY), net revenue retention of 109% (+3 percentage points YoY), and Q1 FY26 revenue of A$62.9 million (+21% YoY).

Megaport's FY26 guidance (excluding the impact of the Latitude.sh acquisition and India network expansion) remains unchanged from the guidance provided at the FY25 full year results on 21 August 2025.