NetLink NBN’s profit declines 9.2% in Q1 FY 2026

Revenue increased by 1.9% whilst EBITDA decreased by 1.9% in the same period.

NetLink NBN Trust has reported a 9.2% drop in its profit after tax to reach $23.31m in the first quarter (Q1) of fiscal year 2026

In a bourse filing, the company said the decline is primarily due to lower earnings before interest, taxes, depreciation and amortisation (EBITDA), which fell by 1.9%, and higher depreciation arising from an expanded asset base.

EBITDA for Q1 was at $72m, down from $73.4m last year, due to higher operating expenses.

The company's revenue for Q1 rose by 1.9% to $102.79m, driven by higher ancillary project and installation-related revenue.

NetLink also said that total connection numbers recorded a slight decline during the quarter. This is because of the removal of inactive residential connections as part of housekeeping efforts by requesting licensees. The non-residential segment also saw a drop due to end-user churn between licensees.

These declines were partially offset by continued growth in non-building address points (NBAP) and segment connections, underpinned by demand from Smart Nation and enterprise infrastructure projects.

As at 30 June 2025, NetLink reported that its residential connections stood at 1.51 million, non-residential connections at 52,905, NBAP connections at 3,386, and segment connections at 3,999.