• Acceleration in earnings growth, with landmark Origin win contributing to earnings
• Market share gains driving 30.6% revenue growth vs PCP
• Operating leverage clear, on-track against Double-Down plan

Superloop Ltd has reported strong 1H25 results, with record new customers added, driving 30.6% revenue growth and 66.2% Underlying EBITDA growth vs PCP. The landmark Origin win is now contributing to earnings, and the company has achieved market share gains, with its group nbn market share increasing by 2.3% to 6.3%. Superloop's organic revenue growth was 30.6% vs PCP, with wholesale revenue up 52.3% and consumer revenue up 43.3%. The company has also achieved a milestone with its inclusion in the ASX 300. Superloop's acquisition of Uecomm has expanded its fibre infrastructure, adding over 2,000km of fibre, 800km of owned duct and 1,900 on-net buildings. The successful migration of 130k Origin customers was a complex project completed on-time. Superloop is tracking positively to its 3-year Double-Down plan, demonstrating strong operating leverage with Underlying EBITDA margin up 3.2% vs PCP.

Superloop has provided the following forward-looking financial guidance for FY25: Revenue of $420.5m, Underlying EBITDA of $52.2m, and Capex of $28m-$30m.

Superloop is continuing to make strong progress against its 3-year Double-Down plan, with the landmark Origin win and market share gains driving accelerating earnings growth. The company is focused on further optimising its network and operating model to support future profitable growth.