Quarterly Financial Performance
FINANCIAL PERFORMANCE
UNAUDITED FINANCIAL RESULTS
1QFY24
4QFY23
QoQ
Consolidated Profit & Loss
$'M AUD
$'M AUD
%
1QFY23
$'M AUD
YOY
%
Revenue
46.5
44.3
5%
33.7
38%
Direct network costs
(9.1)
(8.4)
(8%)
(8.2)
(11%)
Partner commissions
(5.0)
(5.4)
7%
(3.8)
(32%)
Gross Margin
32.4
30.5
6%
21.7
49%
Gross Margin %
70%
69%
+1pp
64%
+5pp
Employee expenses
(13.4)
(11.2)
(20%)
(14.9)
10%
Professional fees
(1.0)
(1.5)
33%
(1.6)
38%
Marketing expenses
(0.4)
(0.8)
50%
(1.2)
67%
Travel expenses
(0.3)
(0.2)
(50%)
(0.6)
50%
IT costs
(0.6)
(0.9)
33%
(0.9)
33%
Other operating expenses
(1.7)
(1.4)
(21%)
(1.5)
(13%)
Reported EBITDA¹
15.0
14.5
3%
1.0
n.m
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.
n.m. = not meaningful; QoQ = quarter over sequential quarter; YoY = quarter of prior corresponding quarter in the previous year
Megaport
Unaudited Financial Results
Quarter Ended 30 September
2023 EBITDA Highlights
Gross Margin % remained consistent
with 4QFY23, driven by the results of
network optimisation efforts begun in
the prior year, and revenue growth.
Employee expenses in 4QFY23
included a year-to-date accounting
reclassification of $2.3M in share-based
payments for FY23 annual staff
performance-based incentives. 1QFY24
costs reflect lower headcount
post-restructuring, offset by new hires.
Overall quarterly results reflect the
stable growth QoQ, driven by continuous
improvement of operating efficiency to
support the go-to-market strategy,
which is expected to yield continued and
consistent operating and financial
performance.
8View entire presentation