NetLink NBN Trust reports $207.1m revenue for H1 FY2026

Profit drops 10% as higher depreciation offsets project-driven revenue gains.

NetLink NBN Trust saw its first half (H1 2025) profits dip 10.2% year-on-year (YoY) to $43.5m.

The period's contraction was attributed to higher depreciation and amortisation costs from the expansion of its Seletar Central Office. EBITDA stayed at $143.5m, with a margin of 69.3%.

The company's revenue for H1 2025 pencilled $207.1m , a 1.1% increase YoY, led by higher ancillary project and co-location income.

Revenue growth came mainly from additional government projects and stronger demand for data connectivity, which offset a decline in connection revenue.

NetLink said it will continue to invest in fibre infrastructure to support rising data usage and maintain service reliability under Singapore’s regulated broadband framework.

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