Superloop shares lift as company EBITDA expected to beat guidance
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More news: Shares in telecommunications and internet provider Superloop have increased in price after the company said it expects underlying EBITDA for financial year 2025 to come in at $91 million, above the existing guidance range.
Superloop shares had risen 2.5% to $3.06 at 11:02am AEST.
Superloop EBITDA expected to come in above guidance at $91m
The news: Telecommunications and internet provider Superloop expects underlying earnings before interest, tax, depreciation and amortisation for financial year 2025 to come in above the existing guidance range.
The numbers: Unaudited results state that underlying EBITDA for FY25 is expected to be at or above $91 million, representing a more than 67% increase on FY24 underlying EBITDA.
This is above the existing guidance range of $83 million to $88 million provided in August 2024.
FY25 cash capital expenditure is on track to come in within the $28 million to $30 million guidance range.
The context: FY25 results are subject to finalisation of the audit with full year results to be delivered on 20 August.
The source: ASX
