Full Year 2025 Swoop Holdings Ltd Earnings Call Transcript
Key Points
- Swoop Holdings Ltd (ASX:SWP) achieved a 20% year-on-year revenue growth, reaching $106.5 million.
- The company delivered positive free cash flow for the first time since listing, amounting to $5.1 million.
- Subscriber numbers grew organically by 14% to 205,000.
- Swoop Holdings Ltd (ASX:SWP) signed a significant three-year wholesale deal with Flip, expected to add at least $10 million annually in revenue.
- The company received industry recognition with awards for Swoop Broadband and Moose Mobile, and was named a Deloitte Fast 50 Leadership and Enterprise Growth winner.
- The net loss after tax was $6.9 million, influenced by $18.4 million in depreciation and amortization.
- Gross margin percentage compressed from 39% to 33%, driven by the growth of lower-margin products like nbn and mobile.
- The Melbourne fiber project contributed lower margins on construction activity.
- The company experienced a $3.3 million fair value loss on its Vonex investment.
- Future net debt position may fluctuate due to the funding needs of major contracts, particularly the Melbourne fiber project.
Hello, everybody. My name is Alex West, and I am the CEO of Swoop. Joining me today is Patricia Jones, our CFO. And thank you for being here as we walk through our FY25 full year results. This presentation was released to the ASX platform earlier this morning.
So now as we go to slide 3, who we are. Swoop is a premium provider of residential and SMB broadband operating across our own high-margin fiber and fixed wireless infrastructure as well as via the nbn for national coverage. We also serve mobile customers under the Moose Mobile brand, leveraging a national MVNO on the Optus network. Our strategy, automated operations, targeted product focus and infrastructure ownership continues to deliver exceptional results.
With this year, we achieved a 20% growth for the year of $106.5 million in revenue. We delivered a positive free cash flow in the business, the first time since listing and our focus on delighting our customers and using AI and automation for a seamless experience has seen our nbn market share grow by 300%.
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