Megaport Adds ~A$979M AI Contracts; Lifts FY27

Megaport (ASX:MP1) secured three further AI infrastructure contracts through Latitude.sh and upgraded FY27 group guidance after earlier deployment of previously announced strategic contracts and continued Network growth.

The three agreements have combined total contract value of approximately US$685.0M (A$978.6M at A$0.70 per US$1 as at 28 September 2026), a weighted average term of just over four years, and are expected to contribute approximately US$162.7M (A$232.4M) in ARR, reaching full run-rate by Q4 FY27. Prepayments total approximately A$322.6M. Contract capital expenditure is approximately US$350.2M (A$500.3M); replenishing the GPU pool is estimated at US$252.0M (A$360.0M) over FY27. New contracts lift pro forma Group ARR to approximately A$1.1B. Megaport says it is fully funded for updated FY27 capex with approximately A$362.2M of pro forma liquidity and has upsized its debt facility to A$845M. As at 22 September 2026, Compute ARR was US$141.0M (A$201.4M), up 90% since 30 June 2026. Network ARR as at 31 August 2026 was A$302.6M, up 29% on a constant currency basis versus the prior corresponding period, with Network NRR at 116%. Updated FY27 guidance is Group revenue A$720M to A$810M (previously A$620M to A$730M), EBITDA margin 42% to 44% (previously 38% to 40%), and Group capex A$1.78B to A$1.88B (previously A$1.28B to A$1.38B). Customer identities are not disclosed for commercial reasons.

Debt drawdown remains subject to agreed terms, covenants and revenue milestones. Guidance excludes future strategic initiatives the company may undertake.