Company Interview / Superloop circles back to profit

Key points:

Net profit and earnings growth, with margin expansion and market share gains Consumer brands Superloop and Exetel positioned as fastest growing Successful partnership and customer migration with Origin Focus on high-speed broadband and readiness for upcoming market disruption Continued interest in strategic acquisitions and organic expansion

Superloop (ASX:SLC) has delivered a net profit of $1.2 million, marking a $16 million improvement from the prior year. Adjusted earnings climbed 70% to roughly $92 million, beating guidance, alongside a record 6.6% NBN market share and 275,000 new customers. Paul Tyler points to margin expansion, with a rise of 460 basis points to 11.7%, attributing this to heavy investment in automation and infrastructure, which drives a low cost base and operating leverage.

Tyler describes Superloop’s consumer division as the fastest growing in the market. The company runs Superloop and Exetel as its two leading consumer brands, both of which are now wholesale customers. Tyler highlights the relaunch of Exetel with a simplified product, one high-speed plan at a competitive price. The business also saw success with the migration of 130,000 customers from Origin, followed by 80,000 more signings, underscoring strong wholesale partnerships.

Looking forward, Tyler says Superloop is positioned for further growth, especially amid the NBN speed upgrades, which are expected to disrupt the market and favour providers targeting high-speed offerings. Tyler also signals ongoing acquisitive ambitions, reiterating a goal to double the business over three years, combining organic and acquisitive growth as market catalysts.