Superloop guides to fiscal 2027 underlying EBITDA of AUD 148 million to AUD 156 million, up 24% at the midpoint. Consumer and business units are adding customers at a solid rate, but wholesale subscribers are falling. Management cites seasonality as the cause, and shares fell 8%.
Superloop is an Australian-based fixed-line internet service operator. It provides broadband services to consumers and businesses, as well as wholesale solutions to other downstream internet services entities. Services provided include management of Wi-Fi, mobile, and National Broadband Network products. For mobile services, it operates as a mobile virtual network operator using Telstra’s network. The company owns an extensive fiber network and is also a part-owner of the Indigo subsea cable. The firm has made several large acquisitions in recent years, including Exetel (internet retailer) and Uecomm (fiber infrastructure).