Full Year 2025 Superloop Ltd Earnings Call Transcript
Key Points
- Superloop Ltd (ASX:SLC) achieved a positive net profit after tax (NPAT) of $1.2 million, marking their first positive NPAT since the commencement of their turnaround strategy.
- The company reported a 31% increase in revenue to $546 million, driven by a 60% increase in total customers to over 731,000.
- Underlying EBITDA grew by 70% year-on-year to $92.2 million, demonstrating strong operating leverage.
- Superloop Ltd (ASX:SLC) achieved record NBN market share, increasing by 75%, and added around 275,000 new customers.
- The wholesale segment saw a 62% increase in revenue, largely due to the successful migration of 130,000 Origin broadband customers and the addition of 83,000 new Origin broadband customers.
- The second half of FY25 saw slower customer additions compared to the first half, attributed to strategic decisions such as pausing Exetel brand marketing.
- There is potential risk associated with the upcoming NBN price changes in September, which could lead to increased industry churn.
- The business segment faced sector headwinds, with revenue remaining flat despite new wins and volume growth.
- Superloop Ltd (ASX:SLC) anticipates a significant churn event in September due to changes in NBN propositions, which could impact customer retention.
- The company faces ongoing challenges in the business market due to price erosion from NBN's more competitive offerings.
Thank you for standing by, and welcome to Superloop Limited FY25 full year results. (Operator Instructions). I would now like to hand the conference over to Mr. Paul Tyler, Chief Executive Officer. Please go ahead.
Thank you. Good morning, and welcome to Superloop's FY25 full year results briefing. My name is Paul Tyler. I'm the CEO of Superloop, and I'm joined here by Dean Tognella, our CFO. We're incredibly proud of the results that we are going to take you through today, and I'm delighted that they once again show that our simplified business and low-cost operating model continue to drive market share gains as well as revenue and earnings expansion.
Particular highlights for FY25 has been the achievement of a positive net profit after tax result, our first since the commencement of our turnaround and achieved a year before anticipated in our 3-year DoubleDown plan.
So with that, let's get into it. If you would turn to slide 4, please. FY25 brought an
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