Superloop FY26 earnings: EBITDA up 33% as customer growth surges

The Superloop Ltd (ASX: SLC) share price is in focus today as the company reported a 33% increase in underlying EBITDA to $122.7 million and a 21.6% jump in revenue to $664.3 million for FY26.

What did Superloop report?

• Reported revenue up 21.6% to $664.3 million
• Underlying EBITDA up 33.1% to $122.7 million, exceeding upgraded guidance
• Net profit after tax rose to $17.5 million, up from $1.2 million in FY25
• Free cash flow increased 50% to $84.4 million
• Customer base grew by 205,000 to a total of 935,000
• Group nbn market share up 1.9 percentage points to 8.5%

What else do investors need to know?

Superloop successfully completed its three-year Double Down strategy in FY26, driving scale, improved margins and strong cashflow. Integration of the Frontier and Lynham acquisitions helped nearly double Smart Communities contracted lots to around 190,000, bolstering future annuity earnings.

All three business segments – Consumer, Business and Wholesale – delivered revenue and gross profit growth, with the Consumer segment now serving 501,000 customers. Investment in digital and AI solutions drove efficiency, with group margin and operating leverage improving further.

The Group finished the year with $101.7 million in cash and net debt of approximately $128 million, strengthening its capacity to support organic growth and selective acquisitions.

What did Superloop management say?

Superloop’s CEO, Paul Tyler, commented:

Three years ago, we launched Double Down to build a larger, more profitable and highly cash-generative business. FY26 marks the successful completion of that strategy. We delivered on every commitment we made and finished the year with Underlying EBITDA of $122.7 million, above the top end of our upgraded guidance range. Our growth momentum is continuing. The integration of the Frontier and Lynham acquisitions into Smart Communities has yielded a scaled infrastructure platform that will continue to convert contracted lots into high-margin annuity earnings for years to come.

We grew all three customer segments while improving group margin, demonstrating the operating leverage inherent in our business model. Strong cash generation gives us the ability to fund further investment in the network, support customer growth and act on acquisitions where we see opportunity to create shareholder value. We look forward to the next phase of growth under SuperCharge29.

What’s next for Superloop?

Superloop is now turning to its new “SuperCharge29” strategy, targeting more than $1 billion in group revenue, $200 million in underlying EBITDA, and over 30% reported EPS growth CAGR by FY29. Future investment will be focused on balancing organic growth, expansion of Smart Communities, and selective acquisitions that create further shareholder value.

FY27 guidance will be provided in November, with management emphasising a disciplined approach to growth and a strong balance sheet to support strategic opportunities.

Superloop share price snapshot

It has been a subdued 12 months for the Superloop share price. During this time, the company’s shares have trailed the S&P/ASX 200 index (ASX: XJO) with a decline of around 4%.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.