Superloop sees underlying EBITDA, revenue rise in FY26

Superloop has seen underlying EBITDA increase 33% to $122.7 million in its FY26 results (up from $92.2 million in FY25), exceeding the top end of upgraded guidance, while revenue was up 21.6% to $664.3 million (up from $546.5 million).

The company added 205,000 net new customers in FY26, taking Superloop's total customer base to 935,000.

NPATA increased 34% to $37.9 million, while net profit after tax rose to $17.5 million, up from $1.2 million in FY25. Group gross profit grew by $45.1 million to $234.8 million, with Group gross margin improving to 35.3%.

While operating expenses increased to $121.6 million, Opex/Revenue improved from 14.4% to 13.5%, reflecting greater cost efficiency as investments in digital and AI solutions enabled a more efficient customer experience.

All three segments - Consumer, Business and Wholesale - delivered revenue and gross profit growth in FY26, with Business and Wholesale also expanding their gross margin percentage:

The Business segment totalled revenue up 8% to $113.4 million and customers up 10,000, or 9%, to 117,000, supported by improving market conditions, new customer wins and increased activation rates within Smart Communities, according to Superloop.

Strong sales momentum and strategic acquisitions drove Smart Communities’ contracted lots up by approximately 93,000 to 190,000 in FY26, almost doubling the footprint year-on-year.

This included new developer wins such as GemLife and Icon Group, as well as the acquisitions of Frontier Networks and Lynham Networks, with Lynham contributing approximately 17,000 active services, 30,000 connected lots and 56,000 contracted lots. Active lots increased by approximately 21,000 during the year to around 65,000, further strengthening Smart Communities' position as a scaled FTTP challenger in the Australian market.

Wholesale customers increased by 79,000 in FY26, or 33%, to 317,000, with an exceptional second half driven by strong customer growth across key wholesale partners. Wholesale gross margin expanded to 69.2%, up from 62.9% in FY25.

In its outlook, Superloop stated that it enters FY27 well positioned to deliver on SuperCharge29, its strategy to drive growth and shareholder value. By FY29, Superloop is targeting more than $1 billion in Group revenue, $200 million in Group Underlying EBITDA and more than 30% reported EPS growth CAGR.

Superloop’s CEO and MD Paul Tyler said the integration of the Frontier and Lynham acquisitions into Smart Communities has yielded a scaled infrastructure platform that will continue to convert contracted lots into high-margin annuity earnings for years to come.

"We grew all three customer segments while improving group margin, demonstrating the operating leverage inherent in our business model," he said.

"Strong cash generation gives us the ability to fund further investment in the network, support customer growth and act on acquisitions where we see opportunity to create shareholder value. We look forward to the next phase of growth under SuperCharge29.”