NetLink NBN’s net profit drops 7.6% YoY in FY2025

The decline was partly offset by higher income tax credit.

NetLink NBN’s net profit for FY2025 dropped 7.6% YoY to $95.4m.

The decline was driven by lower EBITDA, increased depreciation and amortisation, and higher finance costs, partly offset by higher income tax credit.

Revenue for the period was 1.0% lower YoY to $407.0m, mainly due to $6.2m lower ancillary project revenue from fewer work orders.

Connections revenue also declined by $1.5m following a reduction of the monthly recurring charge (MRC) after the price review by the Infocomm Media Development Authority (IMDA). 

Meanwhile, the co-location, central office, and installation-related and other businesses registered higher revenues.

Attributable profit slipped 1.2% to $208.9m. Distribution per unit for H2 2025 stood at $0.0268, bringing the total distribution for FY2025 to $0.0536.