Superloop shares fall amid revenue miss
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More news: Superloop shares plunge as full-year revenue came in below expectations, even though underlying EBITDA and underlying NPAT were better than expected.
Superloop’s share price slipped 6.1% to $3.06 at 10:55am AEST.
Citi analysts flagged that business revenue of $105 million is “slightly below expectations with this miss primarily driven by data price declines”, while wholesale revenue of $78 million was “well below” the market consensus estimate of $87 million, according to Visible Alpha.
The analysts, however, expected “shares to be up today”, off the back of “solid operating leverage and better-than-expected margin as well as FY26 momentum and growth expectations.
UBS analyst Evan Karatzas said that while the company had a “very strong” FY25, he would have liked to see further information regarding “FY26 earnings headwind from Symbio coming out”, which was acquired by Aussie Broadband in early 2024 after it outbid Superloop.
Superloop swings to full-year profit
The news: Telecommunications and internet provider Superloop swung to a $1.2 million net profit in financial year 2025, after posting a $14.7 million loss in the preceding year, as the company reached a record 6.6% NBN market share.
The numbers: The full-year net profit after tax figure was contrary to market consensus expectations of a $1.3 million loss, according to Visible Alpha. EBITDA came in at $75.2 million, a 36.7% increase on the previous year and in line with the expected $75.3 million.
Revenue was up 31% to $546.5 million, buoyed by 62% growth in wholesale segment revenue and 37% in consumer segment revenue growth.
The group attracted a net total of 275,000 new NBN customers and 63,000 new consumer customers. The company also successfully migrated Origin's 130,000 broadband customers to the Superloop network.
The context: The company launched its Exetel ONE Plan during the year, which is "winning in the high-speed market". Superloop's Smart Communities business is also set to deliver 10,000 lots in Bradfield.
In February 2025, the company acquired Uecomm, which adds 2,100 kilometres of high-capacity fibre assets and 800 kilometres of owned duct to the Superloop network.
The company also said it is on track to deliver "the ambitions set out in its three year 'Double-Down' strategy by end of FY26".
