Superloop returns to profit in FY25

Superloop has returned to profit in FY25, with the company’s results for the financial year ended 30 June 2025 revealing that its Net Profit After Tax (NPAT) of $1.2 million was up $16 million from FY24’s results.

The NPAT-positive result was reached one year earlier than planned and is the first positive NPAT result since the commencement of the business' turnaround five years ago.

Superloop’s underlying EBITDA was also up 70% to $92.2 million, above guidance, while its overall revenue was up 31% to $546.5 million.

Specifically, wholesale segment revenue was up 62%, increasing $29.9 million to $77.9 million, with growth coming predominantly from the company’s contract wins with energy providers; wholesale customers increased by 198,000.

The company also saw the successful migration of 130,000 Origin customers and an additional 83,000 Origin customers by year end. In addition, in February 2025, Superloop acquired Uecomm Pty Ltd, adding over 2,100 kilometres of high- capacity fibre assets and 800km of owned duct to the Superloop network. 

High speed data products will be enabled across this fibre network and sold within the Wholesale and Business segments.

Consumer segment revenue was up 37%, increasing $99.1 million to $363.7 million and adding 63,000 net new customers over the year.

Revenue from the Business segment of $104.9 million was marginally up (+0.8%), with new wins and volume growth offsetting data price declines; business nbn customers increased by 11,000 in the period.

Superloop now services more than 731,000 customers, with over 275,000 net new customers added during the year.

The company also saw “substantial" nbn market share gains, up 75% from FY24, and giving Superloop an nbn market share of 6.6%3. The record Group nbn net adds of 250,000 in the year ending 31 March 2025 reflects an addition of 2.8% market share.

Superloop said that it remains on track to deliver the ambitions set out in its three year ‘Double-Down’ strategy by end of FY26, while also being “well positioned” to capture the nbn speed bestowal opportunity and has already seen “excellent take up” of the relaunched Exetel offering.

Superloop also said that it will continue to take a “disciplined approach” to future M&A opportunities and ensure future acquisition opportunities, if pursued, are earnings accretive.

Superloop’s CEO and MD Paul Tyler said 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,” he said.

“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.”