NetLink NBN Trust reports 4.0% decline in Q1 FY27 EBITDA to 69.1 million Singapore dollars

SGX Filings
Aug 07

NetLink NBN Trust announced its unaudited results for the three months ended Jun, 30 2026 (Q1 FY27), posting EBITDA of 69.1 million Singapore dollars, down 4.0% from 72.0 million Singapore dollars in the same period a year earlier.

Total revenue slipped 1.4% year on year to 101.3 million Singapore dollars, as lower non-regulated asset base (non-RAB) revenue—chiefly lower installation-related fees—offset stable RAB revenue and higher ancillary project income. The EBITDA margin narrowed to 68.2% from 70.0%.

Profit after tax fell 22.4% to 18.1 million Singapore dollars, mainly attributed to higher depreciation expenses arising from a larger asset base and an increase in operating costs.

As of Jun, 30 2026, the group reported 1,519,269 residential connections, 51,459 non-residential connections, 3,603 NBAP connections and 4,330 segment connections. Residential gross additions remained steady, while non-residential connections declined due to end-user churn between requesting licensees.

The company reiterated that its nationwide passive fibre network remains the foundation of Singapore’s Nationwide Broadband Network, providing coverage to residential and non-residential premises across mainland Singapore and its connected islands.

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