Key points
- Revenue increased by 21.8% to $115.9m
- nbn services up 23%, mobile services up 5%
- Underlying EBITDA down by $2.8m to $6.1m
- Sale of Melbourne fibre network for $11m
- Transition to TPG agreement in Q1 FY27
Full summary
Swoop Holdings Limited (ASX: SWP) announced its FY26 full-year results, showing a 21.8% increase in revenue to $115.9 million. The company's nbn services grew by 23%, reaching approximately 73,000, while mobile services grew by 5%, totaling around 133,000. Gross profit remained stable at $31.7 million, essentially in line with the previous year. Operating expenses improved to 22% of revenue, down from 25% in FY25. Underlying EBITDA was $6.1 million, a $2.8 million decrease from the prior year, impacted by increased fees from Telco suppliers and marketing expenses for growth initiatives. The company also announced the completion of the sale of its Melbourne fibre network for $11 million, with the transaction expected to be finalized in the first half of FY27.