Highlights

  • Megaport’s Annual Recurring Revenue (ARR) grew 20% to AUD 243.8 million in FY25.
  • Revenue increased 16% to AUD 227.1 million, with net cash rising to AUD 87.8 million.
  • Total customer lifetime value rose 50% to AUD 2.1 billion, supported by product adoption.

Megaport Limited (ASX:MP1) presented its financial results for FY25 during the Annual General Meeting. The company reported Annual Recurring Revenue (ARR) of AUD 243.8 million, representing a 20% increase compared to the previous year. Revenue reached AUD 227.1 million, up 16%, while net cash increased by AUD 26.6 million to AUD 87.8 million.

The total customer lifetime value grew 50% to AUD 2.1 billion, accompanied by an 18% increase in the number of large customers and a 10% uplift in ARR per customer. These outcomes reflect ongoing investments in operational efficiency, product delivery, and network infrastructure.

Global Network and Product Expansion

In FY25, Megaport expanded its network footprint with additional data centres and enhanced infrastructure capabilities. The company reached 983 enabled data centres in 185 cities worldwide, and achieved a milestone of 1,000 enabled data centres. New network upgrades included deployment of 400G backbone connections in 29 metro areas across the USA and Europe, 100G Virtual Cross Connects at 746 locations, and an expanded Internet Exchange footprint of 30 sites.

The company also added 30 new cloud on-ramps, bringing the total to 333, and extended its operations into Brazil and Italy. As part of its growth strategy, Megaport announced accelerated expansion into India.

Compute Market Expansion through Acquisition

Megaport announced the acquisition of Latitude.sh, enabling entry into the CPU and GPU Compute-as-a-Service market. This acquisition integrates compute infrastructure with Megaport’s private network, facilitating high-bandwidth, performance-sensitive workloads including AI. The acquisition was accompanied by a capital raising to support strategic growth.

Governance and Board Updates

During FY25, Megaport welcomed Grant Dempsey and Mohit Lad to the board. Both directors bring experience in global networking, telecommunications, and digital transformation. At the AGM, resolutions were proposed for their election as directors, in accordance with the Company’s Constitution.

The Board also initiated a search for a new Chair of the Remuneration and Nomination Committee to continue its governance renewal program. CEO remuneration adjustments were made following investor feedback, benchmarking, and alignment with global and Australian performance standards.

Operational Metrics and FY26 Outlook

Megaport closed FY25 serving 2,873 customers across its global platform. Net Revenue Retention (NRR) stood at 107% at year-end, increasing to 109% by October FY26. The company outlined continued investment in sales, marketing, product innovation, and network expansion to support growth in the hybrid cloud and AI infrastructure markets.

Share Price Snapshot

MP1 was trading 3.13% higher at AUD 14.305 per share as of 26 November 2025.