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Megaport
(Sydney:MP1)
Megaport (MP1) vs. iShares MSCI Australia ETF (EWA)
Megaport Business Overview & Revenue Model
Megaport Earnings Call Summary
Megaport Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 255.16M | 227.06M | 195.27M | 153.08M | 109.73M | 78.28M |
| Gross Profit | 23.28M | 188.56M | 158.86M | 6.10M | -20.42M | -22.77M |
| EBITDA | 48.52M | 43.92M | 40.39M | 28.00M | -7.13M | -36.69M |
| Net Income | -20.25M | -292.00K | 9.61M | -9.77M | -48.49M | -55.00M |
Balance Sheet | ||||||
| Total Assets | 935.04M | 260.20M | 214.70M | 202.23M | 220.38M | 220.56M |
| Cash, Cash Equivalents and Short-Term Investments | 206.32M | 102.07M | 72.43M | 48.45M | 82.55M | 136.31M |
| Total Debt | 119.38M | 28.30M | 15.79M | 19.96M | 27.27M | 15.76M |
| Total Liabilities | 437.11M | 81.52M | 60.62M | 74.30M | 78.14M | 40.15M |
| Stockholders Equity | 497.93M | 178.69M | 154.08M | 127.93M | 142.25M | 180.41M |
Cash Flow | ||||||
| Free Cash Flow | 35.02M | 33.95M | 30.32M | -24.57M | -49.71M | -30.79M |
| Operating Cash Flow | 69.91M | 68.25M | 50.17M | 8.23M | -9.83M | -8.29M |
| Investing Cash Flow | -158.59M | -34.29M | -19.85M | -32.73M | -50.26M | -22.44M |
| Financing Cash Flow | 208.16M | -6.03M | -7.43M | -10.40M | 5.87M | 4.87M |
Megaport Technical Analysis
Megaport Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | AU$400.93M | 7.43 | 8.20% | ― | 1.06% | -30.96% | |
63 Neutral | AU$68.97M | 7.18 | 19.30% | ― | 13.74% | 70.80% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | $1.32B | -28.32 | -5.99% | ― | 16.28% | -102.98% | |
48 Neutral | AU$30.83M | -17.78 | -64.64% | 4.99% | -38.38% | -275.50% | |
42 Neutral | AU$6.38M | -1.21 | -15.64% | ― | -22.47% | 39.26% | |
42 Neutral | AU$4.05M | -4.22 | 19.67% | ― | -50.39% | -74.68% |
Megaport Corporate Events
Megaport Limited has applied for quotation of 49,497 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 11 March 2026. The relatively small share issuance, arising from the exercise or conversion of existing securities, represents routine capital management and is unlikely to materially affect the company’s capital structure or market positioning, but it modestly increases the pool of tradable shares for investors.
The most recent analyst rating on (AU:MP1) stock is a Hold with a A$8.00 price target. To see the full list of analyst forecasts on Megaport stock, see the AU:MP1 Stock Forecast page.
Megaport director Jay Adelson has converted 1,626 restricted stock units into fully paid ordinary shares valued at $25,000, issued in lieu of cash director fees for the period from July 2025 to June 2026. Following the vesting and a subsequent on-market sale of 651 shares to cover expected tax obligations, Adelson’s holding increased to 25,002 Megaport shares, underscoring the company’s continued use of equity to align board remuneration with shareholder interests.
The most recent analyst rating on (AU:MP1) stock is a Hold with a A$8.00 price target. To see the full list of analyst forecasts on Megaport stock, see the AU:MP1 Stock Forecast page.
Megaport Limited has notified the market of the issuance of 49,497 unquoted restricted stock units under its employee incentive scheme, effective March 6, 2026. The move modestly increases the company’s unquoted equity on issue and underscores its continued reliance on stock-based compensation to attract and retain staff, with potential implications for future dilution and employee alignment with long-term performance.
The most recent analyst rating on (AU:MP1) stock is a Hold with a A$8.00 price target. To see the full list of analyst forecasts on Megaport stock, see the AU:MP1 Stock Forecast page.
Megaport Limited has applied for quotation on the ASX of 263,213 new fully paid ordinary shares under the code MP1. The securities, issued on March 3, 2026, arise from the exercise or conversion of existing options or other convertible instruments, modestly increasing the company’s listed share capital.
The additional quotation slightly expands Megaport’s equity base and may marginally enhance liquidity in its stock for existing and prospective investors. While the issuance is relatively small in scale, it reflects ongoing use of equity-based instruments within the company’s capital management framework.
The most recent analyst rating on (AU:MP1) stock is a Buy with a A$14.65 price target. To see the full list of analyst forecasts on Megaport stock, see the AU:MP1 Stock Forecast page.
Megaport Limited has notified the market of the issue of 943,234 unquoted restricted stock units under its employee incentive scheme. The new securities, classified as MP1AE restricted stock units and not intended to be quoted on the ASX, were issued on 2 March 2026, underscoring the company’s continued use of equity awards to incentivise and retain employees.
The transaction does not involve a public capital raising but reflects ongoing dilution from staff equity grants, a common practice among growing technology and infrastructure providers. For existing shareholders, the move marginally increases the company’s share-based obligations while aligning employee rewards more closely with Megaport’s long-term performance.
The most recent analyst rating on (AU:MP1) stock is a Buy with a A$14.65 price target. To see the full list of analyst forecasts on Megaport stock, see the AU:MP1 Stock Forecast page.
Megaport disclosed a change in director Michael Reid’s indirect interests following the exercise of performance-related equity awards. Through Aion Perpetual Pty Ltd as trustee for Aion Perpetual Trust, Reid converted 112,739 short-term incentive performance restricted stock units into fully paid ordinary shares at no cash consideration.
Following the transaction, Reid’s indirect holding increased to 335,341 Megaport shares, while his remaining 1,648,669 performance restricted stock units are scheduled to vest in stages between 2026 and 2028. The move reflects the ongoing alignment of executive remuneration with long-term company performance and provides investors with greater transparency on insider equity positions.
The most recent analyst rating on (AU:MP1) stock is a Buy with a A$9.00 price target. To see the full list of analyst forecasts on Megaport stock, see the AU:MP1 Stock Forecast page.
Megaport Limited, a specialist in programmable, software-defined connectivity services for enterprise infrastructure, has built a global platform that links businesses, data centres, and cloud providers across over 1,000 locations. Its offering enables customers to deploy secure, scalable network and compute resources closer to users and data, targeting organisations that need flexible, on-demand connectivity.
The company issued a correction to its H1 FY26 half-year results release, clarifying that its financial guidance assumes a foreign exchange outlook of $0.70 AUD:USD for the second half of FY26. The amendment signals the FX rate underpinning Megaport’s forecasts, a key assumption for investors assessing the company’s guidance and potential currency impacts on reported results.
The most recent analyst rating on (AU:MP1) stock is a Hold with a A$11.00 price target. To see the full list of analyst forecasts on Megaport stock, see the AU:MP1 Stock Forecast page.
Megaport reported record half-year results to 31 December 2025, with group annual recurring revenue rising 49% year-on-year to $338 million and revenue up 26% to $134.9 million, including contributions from two recent acquisitions. The company delivered EBITDA of $35.3 million, raised $218.2 million in new capital, and reported an underlying net loss of $3.3 million once acquisition costs were excluded.
Excluding acquisitions, Megaport’s core network business posted 19% annual recurring revenue growth in constant currency to $263.4 million, net revenue retention improved to 111%, customer lifetime extended to 13 years, and customer lifetime value rose 57% to $2.5 billion. Management highlighted particularly strong momentum in the Americas and growing demand for higher bandwidth, complex global routes, and longer-term contracts, underscoring Megaport’s increasing strategic role in customers’ infrastructure as it moves deeper into compute and AI markets via the Latitude.sh and Extreme IX deals.
The acquisition of Latitude.sh added USD $45 million of annual recurring revenue and marks a significant push into global compute and GPU-as-a-service, creating a combined software platform where automated networks and compute converge to support cloud, AI, and data centre workloads. The Extreme IX acquisition accelerates Megaport’s entry into India, expanding its addressable market and reinforcing its strategy to integrate network, compute, and AI capabilities on a single global platform.
The most recent analyst rating on (AU:MP1) stock is a Hold with a A$11.00 price target. To see the full list of analyst forecasts on Megaport stock, see the AU:MP1 Stock Forecast page.
Megaport reported a strong rise in half-year revenue to $134.9 million, up 26%, with gross profit climbing 31% and EBITDA increasing 28%, but the group swung to a net loss after tax of $19.1 million versus a small profit a year earlier, and no interim dividend was declared. The company’s net tangible asset backing per share fell sharply year on year, while it broadened its infrastructure and geographic reach by acquiring Latitude.sh, a compute platform offering automated access to dedicated servers, and Extreme IX, an Indian internet exchange operator, underscoring a strategic push into higher-value compute and interconnection services that could reshape its competitive position in global cloud networking.
The most recent analyst rating on (AU:MP1) stock is a Hold with a A$11.00 price target. To see the full list of analyst forecasts on Megaport stock, see the AU:MP1 Stock Forecast page.
Megaport Limited has notified the market of the cessation of certain equity-linked securities, including 27,752 restricted stock units that lapsed after their performance or vesting conditions were not satisfied, and 8,334 options that expired unexercised in November 2025. The changes modestly reduce the company’s pool of potential future equity dilution, clarifying its issued capital structure for investors and potentially affecting the incentives and participation levels of holders whose conditional or option-based awards have now lapsed.
The most recent analyst rating on (AU:MP1) stock is a Buy with a A$21.70 price target. To see the full list of analyst forecasts on Megaport stock, see the AU:MP1 Stock Forecast page.