Superloop (SLC) Trading update summary

Trading performance

• Group customers rose 14.6k in Q1 and 18.5k to 31 October, reaching 954k across Consumer, Business and Wholesale.

• Consumer added 19.3k customers in Q1 and 23k to 31 October, reaching 524.4k; momentum continued through a price rise that drove higher churn in July and August.

• Business customers increased 1.7k in Q1 and 2.3k to 31 October; Smart Communities contracted 10k new lots in Q1, taking total contracted lots to 200k.

• Wholesale subscribers declined 6.4k in Q1 and 6.8k to 31 October, reflecting typical Q1 seasonality.

• Traditional Wholesale on-net wins, including backhaul and Indigo subsea capacity, are expected to add >$3.6m in annualised revenue post-migration.

FY27 guidance

• Underlying EBITDA guidance of $148m–$156m, up 21%–27% from FY26 underlying EBITDA of $122.7m.

• Guidance includes an approximately $11.0m contribution from the Lynham acquisition, an approximately $3.8m reduction relating to AGL, and $18.1m–$26.1m of underlying business growth.

Capital expenditure

• FY27 capex expected at $58m–$62m, compared with FY26 actual capex of $37.9m.

• Higher capex is largely driven by previously communicated Smart Communities investment of $16m–$18m and approximately $4m of integration capex.