Superloop’s FY25 Revenue Climbs 31% to $546.5m, EBITDA Up 70%
Superloop Limited has reported a landmark FY25, posting its first positive net profit after tax since its turnaround began, alongside robust revenue growth and a significant expansion in its customer base.
- 31% revenue growth to $546.5 million
- 70% increase in underlying EBITDA to $92.2 million
- First positive net profit after tax of $1.2 million
- Customer base grows by 275,000 to 731,000
- Strong wholesale growth driven by Origin migration and Smart Communities contracts
A Milestone Year for Superloop
Superloop Limited (ASX, SLC) has delivered a standout performance in FY25, marking its first profitable year since embarking on a strategic turnaround. The company reported a net profit after tax (NPAT) of $1.2 million, a significant improvement from the prior year's loss of $14.7 million. This milestone comes amid a 31% surge in revenue to $546.5 million and a 70% jump in underlying EBITDA to $92.2 million, underscoring the effectiveness of Superloop’s growth and operational strategies.
Customer Growth Fuels Revenue Momentum
Driving this financial uplift is a remarkable increase in Superloop’s customer base, which expanded by 275,000 to a total of 731,000. The wholesale segment saw explosive growth, with customers increasing nearly fivefold to 238,000, largely due to the successful migration of 130,000 Origin Energy subscribers completed in October 2024. The consumer segment also performed strongly, adding 63,000 new customers despite some headwinds from a May 2025 price increase and marketing adjustments ahead of the launch of the new Exetel One Plan.
Strategic Wins and Network Expansion
Superloop’s operational strength is further evidenced by landmark contract wins, including a significant 10,000-lot Smart Communities deal with the NSW Government. The company’s fibre network expanded by 2,100 kilometres through the acquisition of Uecomm, enhancing its infrastructure footprint across key Australian cities and aligning with its Smart Communities ambitions. This network growth supports Superloop’s low-cost operating model and positions it well to meet rising demand for high-speed internet services.
Operational Efficiency and ESG Integration
Despite increased operating expenses, Superloop improved its operating leverage, reducing operating expenses as a percentage of revenue from 17.3% to 14.4%. Capital expenditure was managed prudently at $28.4 million, focused on digital transformation and network upgrades. The company also strengthened its governance with the appointment of Alexandra Crammond to the board and deepened its commitment to environmental, social, and governance (ESG) principles, including energy-saving initiatives and community support programs.
Looking Ahead to FY26
Superloop enters FY26 with strong momentum, targeting $700 million in revenue and an underlying EBITDA margin in the mid-to-high teens. The company plans to capitalize on the nbn’s new high-speed offerings and accelerate growth in its Smart Communities and business segments. Early FY26 trading shows promising consumer customer additions, bolstered by the Exetel One Plan launch. Superloop’s strategy to remain the lowest-cost provider while pursuing accretive M&A opportunities signals confidence in sustaining its growth trajectory.
Bottom Line?
Superloop’s FY25 results mark a pivotal turnaround, but sustaining growth and margin expansion amid evolving market dynamics will be the next test.
Questions in the middle?
- How will Superloop manage margin pressures in the consumer segment amid price increases?
- What impact will further M&A activity have on integration costs and profitability?
- Can Superloop maintain its rapid wholesale customer growth post-Origin migration?
