Key points
- Total revenue up 30.6% to $258.1 million
- Consumer segment revenue up 43.3%, adding 37,000 new customers
- Wholesale segment revenue up 52.3%, with successful migration of 130,000 Origin customers
Full summary
Superloop Limited (ASX: SLC) has released its Half Year Results for financial year 2025 (HY25), reporting strong organic revenue and earnings growth. Total revenue increased by 30.6% to $258.1 million, driven by a 43.3% increase in Consumer segment revenue and a 52.3% increase in Wholesale segment revenue. The Consumer segment added 37,000 net new customers, while the Wholesale segment successfully migrated 130,000 Origin customers to the Superloop network. Reported EBITDA increased by $8.5 million to $25 million, and Underlying EBITDA (guidance basis) was up $15.2 million to $38.2 million. The company also reported a decrease in Net Loss After Tax of $10.9 million to $7.8 million. Superloop continues to make disciplined capital investments to support growth, with total capex of $15 million in HY25. The company has also entered into an agreement to acquire Uecomm Pty Ltd, which will add over 2,000 kilometres of high-capacity fibre assets and 800km of owned duct to the Superloop network.
Guidance
Superloop affirms FY25 guidance for Underlying EBITDA in the range of $83 million - $88 million, an increase of 53% - 62% on FY24, and capital expenditure of $28 million - $30 million.
Outlook
Superloop remains on track to deliver the ambitions set out in its three-year 'Double-Down' strategy, including delivering positive NPAT by FY26. The company will continue to focus on driving strong organic growth, increasing its share of nbn services, and maintaining cost leadership.