SLC +18.18%: Superloop delivered a strong 1H result and upgraded full-year underlying earnings (EBITDA) guidance, driven by continued customer growth and market share gains. The business is scaling quickly, with momentum expected to build further into FY27 as acquisitions contribute.
- Revenue $317.6mn, +23% YoY
- Underlying EBITDA $55.8mn, +46% YoY
- Net income A$5.1mn (vs -A$7.8mn loss YoY)
- FY EBITDA guidance lifted to A$112–120mn (market was at $112m)
- Customers added 74k, +21% YoY (now >805k total)
The Lightning Broadband acquisition is expected to close in 4Q26 and contribute materially in FY27, with no benefit yet assumed in guidance. A strong upgrade reflects excellent execution, with Superloop emerging as one of the better structural growth stories in telecom infrastructure.
MM is now bullish on SLC ~$2.80
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