Superloop Limited (ASX:SLC) Reports Record Growth in FY25 Full Year Results
Financial Performance
Superloop Limited reported FY25 revenue of $546.5 million, marking a 31% increase. Underlying EBITDA rose by 70% to $92.2 million, surpassing guidance. Net Profit After Tax improved by $16 million to $1.2 million. The company generated strong cash flow with gross operating cash flow of $88.0 million and a conversion rate of 95%.
Operational Highlights
The Wholesale segment saw a 62% revenue growth to $77.9 million, driven by the migration of Origin’s 130,000 broadband customers and adding 83,000 more by year-end. The Consumer segment grew by 37% to $363.7 million, adding 63,000 net new customers. Superloop now services over 731,000 customers, including 275,000 net new additions during the year, and achieved a 6.6% nbn market share, a 75% increase.
Executive Comments
CEO and Managing Director Paul Tyler stated, “We are delighted that our Double Down strategy continues to deliver, driving record nbn market share of 6.6% and 275,000 total new customers. Outstanding performance in Wholesale and continuing strong growth in Consumer has delivered 31% growth in revenue to $546 million, which combined with our focus on cost leadership and efficiency, generates clear operating leverage and 70% growth in underlying EBITDA to $92.2 million.
Superloop is well placed to capitalise on the changes to nbn high speed plans due to take effect in September. We are already winning in the high-speed market with our Superloop brand and, along with the launch of our new Exetel ONE PLAN, we have great momentum with 17,000 net new Consumer customers in the first seven weeks.
Our market share gains and segment growth has generated gross operating cash flow of $88 million with a conversion rate of 95%.
This strong cash flow generation enables us to further invest in the Consumer and Wholesale businesses, that focus on the nbn broadband market in existing premises. On a longer-term basis, it enables investment in our Smart Communities business which delivers connectivity for new property developments, such as our landmark win with the New South Wales Government to deliver 10,000 lots in Bradfield, Australia’s newest city.”
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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