July 11 (Reuters) - Megaport Ltd (MP1) :
- UPGRADING EBITDA GUIDANCE FY2023 AND FY2024
- CONFIRMS THAT IT WAS NET CASH POSITIVE IN Q4FY23
- UPGRADING ITS FY23 NORMALISED EBITDA TO BE IN RANGE OF A$19M TO A$21M
- EXPECTS ITS FY24 EBITDA GUIDANCE TO BE HIGHER THAN PREVIOUS GUIDANCE OF A$41M TO A$46M
- TO TERMINATE ITS A$25M HSBC DEBT FACILITY DUE TO A LACK OF REQUIREMENT AND TO REDUCE COSTS
- CONFIRMS IT EXPECTS TO BE NET CASH POSITIVE FOR FY24
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