Superloop’s Growth Story Faces Test with Origin Energy Partnership and ESG Goals
Superloop Limited has reported a robust FY25 performance with significant revenue and profitability gains, marking its entry into the ASX 200 index and advancing key ESG initiatives.
- Revenue up 31% to $547 million
- Underlying EBITDA grows 70% to $92.2 million
- Customer base expands 60% to 731,000
- First positive net profit after tax since 2020 turnaround
- Inclusion in ASX 200 and multiple industry awards
Strong Financial Momentum
Superloop Limited (ASX, SLC) has delivered a standout financial year in FY25, continuing the momentum of its Double Down strategy. The company reported a 31% increase in revenue to $547 million and a remarkable 70% jump in underlying EBITDA to $92.2 million. This performance culminated in Superloop achieving a positive net profit after tax for the first time since its turnaround began in 2020, signaling a significant milestone in its growth trajectory.
Customer Growth and Market Position
The company’s customer base surged by 60% to 731,000, reflecting strong market penetration across its Consumer, Business, and Wholesale segments. Superloop’s infrastructure investments, including fibre, subsea cables, and fixed wireless, underpin this growth, enabling challenger retail brands like Superloop and Exetel to capture a larger market share. Notably, Superloop secured the role of sole statutory infrastructure provider for the new Bradfield city development in Sydney, underscoring its expanding footprint in critical infrastructure projects.
Recognition and ESG Progress
FY25 also brought multiple accolades, including Ookla’s Speed Test award for the Fastest Fixed Network and Canstar Blue’s Innovation Excellence award for its Refreshify product. These honors highlight Superloop’s commitment to delivering high-speed, reliable connectivity. On the sustainability front, the company has made meaningful progress, reducing its gender pay gap to 5.7%, connecting over 3,300 households through its School Student Broadband Initiative, and implementing circular economy practices that avoided nearly two tonnes of landfill. The establishment of a Sustainability Council further strengthens governance around environmental initiatives.
Governance and Strategic Outlook
At the 2025 Annual General Meeting, Superloop proposed several resolutions including updates to its remuneration framework to align with its ASX 200 status, board elections, and a share issuance to Origin Energy. The Origin Energy partnership is expected to be a significant growth driver, with confidence expressed in expanding customer numbers and revenue. The board also approved a modest increase in the Non-Executive Director fee pool and a performance rights grant to CEO Paul Tyler, aligning leadership incentives with shareholder value creation.
Looking Ahead
As Superloop enters the final year of its Double Down strategy, the focus remains on driving organic growth, making strategic investments, and enhancing customer experience across its brands. The company’s inclusion in the ASX 200 marks its transition to a mature market player, setting the stage for sustained value delivery to shareholders.
Bottom Line?
Superloop’s FY25 results and strategic moves position it well for continued growth, but the market will watch closely how the Origin Energy partnership and ESG commitments translate into long-term shareholder value.
Questions in the middle?
- How will the Origin Energy agreement impact Superloop’s revenue and customer growth in FY26 and beyond?
- What are the specific targets and timelines for Superloop’s ESG initiatives, particularly carbon footprint reduction?
- How might changes in the remuneration framework influence executive performance and retention?