• Revenue grew 33.3% to $257.5 million
• Net loss after tax reduced by 58.4% to $7.8 million
• Successful migration of Origin Energy customer base

Superloop Limited reported strong financial performance in the first half of FY25, with revenue growing 33.3% to $257.5 million and net loss after tax reduced by 58.4% to $7.8 million. The favourable movement in net loss was predominantly driven by higher gross margin generated on the back of stronger revenue and the tax benefit realised in the period in relation to the recognition of available tax losses. The company added 209,000 customers across all segments, a 46% increase in total customers. A key highlight was the successful on-time migration of the Origin Energy customer base to Superloop's platform, achieved within four months. This was a complex project that required strong cooperation between the Superloop and Origin Energy teams, with the successful outcome providing a solid foundation for the ongoing relationship. The Origin Energy contract is expected to make a significant contribution to the Group earnings in FY25 and future years. Superloop's Consumer segment revenue grew 43.3% to $170.3 million, the Wholesale segment revenue grew 52.4% to $35 million, while the Business segment revenue was $52.2 million. The Group reported a net loss for the half after income tax of $7.8 million, including an income tax benefit of $9.3 million, as compared to $18.7 million in the prior corresponding period.

Superloop expects the Origin Energy contract to make a significant contribution to Group earnings in FY25 and future years.