Latest Superloop (ASX:SLC) News

Superloop has reported a robust FY25 with a 31% revenue increase and significant market share gains in the nbn broadband sector, alongside a positive net profit after tax.

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.

Superloop Limited reported a strong FY25 with revenue up 31.2% to $546.5 million and a return to profitability, driven by organic growth and the successful migration of Origin Energy broadband customers. The company also expanded its fibre network through the acquisition of Uecomm Pty Ltd and updated executive remuneration to reflect its robust performance.

Superloop Limited has raised its FY25 underlying EBITDA guidance to at least $91 million, significantly surpassing earlier forecasts and signaling robust business momentum.

Superloop has reached a significant milestone under its exclusive contract with Origin Energy, surpassing 200,000 broadband subscribers on its network. This achievement highlights the growing demand for wholesale internet services in Australia.