Quarterly Financial Performance
FINANCIAL PERFORMANCE
UNAUDITED FINANCIAL RESULTS
1QFY24
4QFY23
QoQ
Consolidated Cash Flow
$'M AUD
$'M AUD
%
1QFY233
$'M AUD
YOY
%
EBITDA¹
15.0
14.5
3%
1.0
n.m
Working Capital
(4.3)
(8.1)
47%
0.1
n.m
Cash flow from Operating Activities
10.7
6.4
67%
1.1
n.m
Cash flow used in Investing Activities
(5.9)
(4.9)
(20%)
(14.4)
59%
Cash flow from Financing Activities
1.2
(1.7)
n.m
1.0
20%
Effect of FX movements
0.7
0.1
n.m
(0.8)
n.m
Total Cash Flow
6.7
(0.1)
n.m
(13.1)
n.m
Opening Cash Balance
48.5
48.6
0%
82.5
(41%)
Closing Cash Balance
55.2
48.5
14%
69.4
(20%)
Opening Vendor Financing Balance
(15.2)
(17.6)
14%
(14.7)
(3%)
Closing Vendor Financing Balance
(16.3)
(15.2)
(7%)
(18.8)
13%
Net Cash Flow²
5.6
2.3
n.m
(17.2)
n.m
Closing Net Cash²
38.9
33.3
17%
50.6
(23%)
Megaport
Unaudited Financial Results
Quarter Ended 30 September
2023 Net Cash Flow
Cash flow from Operating Activities
was an inflow of $10.7M, up $4.3M from
4QFY23, largely due to higher billed
revenue for the quarter.
Increase in Cash used in Investing
Activities was due to purchase of
inventory, funded via the vendor
financing facility.
Cash from Financing Activities includes
a slight increase in borrowings under the
vendor financing facility and employee
share options exercised during the
quarter.
Closing Net Cash² at 30 September
2023 was up $5.6M to $38.9M from 30
June 2023.
1. Earnings Before Interest Tax Depreciation and Amortisation represents operating results excluding equity-settled employee and related costs, foreign exchange gains and losses, gains and losses on
disposal of property, plant and equipment, and certain non-recurring non-operational expenses. Prior to 1QFY24, EBITDA was normalised (adjusted or reduced) for certain one-off accrual reversals.
2. Net Cash Flow represents movement in Net Cash. Closing Net Cash = cash at bank less debt (including vendor finance facility).
3. 1QFY23 has been restated to reclassify interest received as cash flows from operating activities and interest paid as cash flows from financing activities.
n.m. = not meaningful; QoQ = quarter over sequential quarter; YoY = quarter of prior corresponding quarter in the previous year
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