Superloop Surges with 31% Revenue Growth and 6.6% nbn Market Share

Record Growth Across Segments

Superloop Limited has delivered a standout performance for the financial year ended June 2025, posting a 31% surge in revenue to $546.5 million. This growth was fuelled by a remarkable 62% increase in its Wholesale segment, largely driven by the successful migration of over 213,000 Origin Energy customers onto Superloop’s network. Meanwhile, the Consumer segment also saw robust expansion, with a 37% rise in revenue and 63,000 net new customers added, underscoring the company’s growing footprint in the retail broadband market.

Market Share Gains and Customer Expansion

Superloop now serves more than 731,000 customers, having added 275,000 net new customers in FY25 alone. This translated into a substantial 75% increase in nbn market share, reaching 6.6%. The company’s Double Down strategy appears to be paying dividends, positioning Superloop as a formidable challenger brand in the Australian broadband landscape. The company’s focus on both Wholesale and Consumer segments has enabled it to capture a growing slice of the market, while maintaining a competitive edge through cost leadership and operational efficiency.

Financial Strength and Operational Efficiency

Underlying EBITDA climbed 70% to $92.2 million, exceeding guidance and reflecting strong operating leverage. Despite the significant top-line growth, Superloop managed to keep operating expenses as a percentage of revenue down to 14.4%, improving from 17.3% the previous year. This efficiency translated into a positive net profit after tax of $1.2 million, a $16 million improvement from FY24. The company also generated $88 million in gross operating cash flow with a 95% conversion rate, bolstering its balance sheet with net cash of $29.5 million and $51.9 million in undrawn debt capacity.

Strategic Investments and Future Outlook

Capital expenditure was $28.4 million, focused on network upgrades, fibre builds, and the development of the Refreshify tool, which enhances customer experience. Notably, Superloop’s Smart Communities business secured a landmark contract with the New South Wales Government to deliver fibre to 10,000 lots in Bradfield, Australia’s newest city. This segment now holds contracts for 97,000 lots, with construction underway on 42,000 lots expected to be delivered over the next five years.

Looking ahead, Superloop is well positioned to capitalise on upcoming nbn speed upgrades and has already seen strong early momentum in FY26, adding 17,000 net new Consumer customers in just seven weeks. The company remains committed to disciplined M&A activity, ensuring any acquisitions are earnings accretive and aligned with its strategic goals.