Quarterly Financial Performance

FINANCIAL PERFORMANCE SUMMARY FINANCIAL PERFORMANCE 1QFY24 4QFY23 QoQ 1QFY23 YOY Unaudited Summary Financials $'M AUD $'M AUD % $'M AUD % Revenue 46.5 44.3 5% 33.7 38% Gross Margin 32.4 30.5 6% 21.7 49% Reported EBITDA 15.0 14.5 3% 1.0 n.m EBITDA¹ 15.0 11.8 27% 1.0 n.m EBITDA margin % 32% 27% +5pp 3% +29pp Net Cash Flow 2 5.6 2.3 n.m (17.2) n.m Closing Net Cash 2 38.9 33.3 17% 50.6 (23%) Megaport Unaudited Financial Results Quarter Ended 30 September 2023 Key Highlights 1QFY24 Revenue grew 5% QoQ driven by organic growth in recurring revenue and an FX tailwind from the USD:AUD. Further improvements in Gross Margin and EBITDA demonstrates the impact of both top line revenue growth and the continued focus on cost control. The Net Cash Flow improved for the quarter, continuing this positive momentum from 4QFY23, driven by consistent cost control measures and revenue growth. 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 is the change in Net Cash over the period. Net cash = cash at bank less debt (including vendor finance facility). As at 30 September 2023 Net Cash comprised cash at bank of $55.2M less the amount outstanding under vendor finance facility of $16.3M. n.m. = not meaningful; QoQ = quarter over sequential quarter; YoY = quarter of prior corresponding quarter in the previous year 7

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