- 01FY27 EBITDA: $148m–$156m, up 21%–27%.
- 02Customers reached 954,000; consumer gains offset wholesale declines.
- 03Capex rises to $58m–$62m; Lynham adds earnings.
Superloop (ASX: SLC) has forecast underlying EBITDA of $148 million to $156m for the FY27, representing growth of between 21% and 27%.
The telecommunications group has added 18,500 customers since July, lifting its total customer base to 954,000 at the end of October despite softer wholesale subscriber numbers.
Consumer connections remained the principal source of growth, with 23,000 net additions in the four months and continued demand through a first-quarter price increase.
Superloop also contracted 10,000 additional Smart Communities lots during the September quarter, extending a pipeline of residential and commercial network connections.
Acquisition And Growth
The FY27 earnings forecast compares with underlying EBITDA of $122.7m in FY26, with management attributing about $11m of the expected contribution to the company’s Lynham acquisition.
An offset of approximately $3.8m is expected to partly counter that contribution, leaving underlying growth across the broader business of $18.1m to $26.1m.
Capital expenditure is forecast at $58m to $62m, up from $37.9m in FY26 as the group invests in network expansion and integration.
The principal additions comprise $16m to $18m for Smart Communities and about $4m of Lynham integration spending, both previously communicated to investors.
The group expects net interest expense to double from FY26 levels following additional borrowings for Lynham, underscoring the distinction between underlying EBITDA growth and reported profit.
Consumer Connections Rise
The customer base increased by 14,600 during the September quarter before reaching 954,000 by 31 October, compared with 935,500 at the end of June.
Consumer added 19,300 customers in the first quarter and reached 524,400 by the end of October, although price changes contributed to higher customer churn during July and August.
Business connections rose by 1,700 over the quarter and by 2,300 over four months to 119,200, supported by small business, corporate office and Smart Communities internet services.
Smart Communities now has 200,000 contracted lots, with each lot representing an individual fibre-to-the-premises location or student accommodation bed.
Wholesale subscriptions fell by 6,400 in the quarter and by 6,800 through October to 310,400, a decline Superloop attributed to normal first-quarter seasonality.
Longer-Term Ambitions
Despite the decline in wholesale subscriber numbers, traditional wholesale sales delivered network capacity contracts expected to generate more than $3.6m in annualised revenue after customer migration.
Those wins cover backhaul services and subsea capacity on the Indigo cable, providing a separate revenue opportunity from subscriber volume growth.
Superloop estimates its share of the broadband market has risen from zero to 8.5% over five years as challenger providers gained ground against incumbent operators.
Its SuperCharge29 strategy targets group revenue above $1 billion and underlying EBITDA of $200m by FY29, alongside compound annual growth in reported earnings per share exceeding 30% over three years.
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