Superloop Ltd on Friday reported a 33% year-over-year increase in underlying EBITDA to AUD 123 million for the fiscal year ended June 30, 2026, alongside a 21.6% rise in revenue to AUD 664 million. Net profit after tax climbed to AUD 17.5 million from marginal profitability in FY2025, while earnings per share reached AUD 0.034.
The group’s gross profit rose AUD 45.1 million to AUD 234.5 million, lifting gross margins by 64 basis points to 35.3%. Free cash flow increased 50% to AUD 84.4 million, with gross operating cash flow totaling AUD 123 million, representing a 101% conversion of underlying EBITDA. Net debt stood at AUD 128 million, with net leverage at 1.3 times.
Customer growth accelerated, with the group adding 205,000 net new customers to reach 935,000 across all segments. Consumer revenue surged 27%, while business segment revenue grew 8.2% year-over-year, with the second half up 12% on a prior-year comparable. Wholesale revenue rose 19%, supported by a 69.2% gross margin.
Smart Communities, the group’s fiber-to-the-premise unit, now has 190,000 contracted lots, including 65,000 active connections. Management targets more than 250,000 contracted lots by the end of FY2027, with an expected average revenue per user of around AUD 65 for FTTP lots. The group owns over 2,500 kilometers of metro and CBD fiber in Australia and approximately 100,000 route kilometers globally.
AI and automation tools handled 63% of customer interactions, reducing call volumes by roughly 400,000 annually. Fault resolution via automated systems exceeded 500,000 interactions, with 75% of digital orders activated on the same day and fewer than 10% requiring manual steps.
Shares of Superloop rose 2.72% to AUD 3.205 following the results, narrowing the 52-week range to between AUD 2.13 and AUD 3.87. The company reaffirmed its three-year “SuperCharge29” targets, aiming for revenue above AUD 1 billion, underlying EBITDA above AUD 200 million, and compound annual EPS growth exceeding 30% by FY2029.
For FY2027, management guided to an EBITDA margin of 20%, stable consumer gross margins, and operating expenses at 13% of revenue. Capital expenditure is expected to range between 4.25% and 4.75% of revenue, with Smart Communities capex totaling about AUD 22 million. The Lynham acquisition, completed in May for AUD 165 million, is projected to contribute AUD 11 million in pre-synergy EBITDA in FY2027, with additional run-rate synergies of AUD 2 million by year-end.
