Superloop guides FY27 EBITDA to $148m-$156m as customers reach 954,000
Superloop expects FY27 underlying EBITDA of $148 million to $156 million, up 21 to 27 per cent on FY26, after adding 18,500 customers in four months. Capital spending is set to climb to $58 million to $62 million, and reports differ on how the shares traded.
Superloop (ASX: SLC) has guided to FY27 underlying EBITDA of $148 million to $156 million, which it says is 21 to 27 per cent above the $122.7 million it posted for FY26. The guidance accompanied a trading update covering 1 July to 31 October 2026, released on 10 November 2026, which put group customers at 954,000 after a rise of 18,500.
Superloop said the range is built from roughly $11.0 million contributed by the Lynham acquisition, a cut of roughly $3.8 million tied to AGL, and underlying growth of $18.1 million to $26.1 million. The Bull said the AGL drag stems from AGL leaving the telco business.
In consumer, net additions were 19.3k in the September quarter and 23,000 through to 31 October, lifting the base to 524,400. Superloop said momentum survived a price rise that pushed churn higher in July and August, and noted there was no similar rise a year earlier. Business customers grew by 1,700 in the quarter and 2,300 to 31 October, with small business, large corporate offices and Smart Communities internet services behind the gains. Smart Communities signed 10,000 more lots in the quarter, bringing contracted lots to 200,000.
Wholesale subscribers dropped 6,400 in the quarter and 6,800 by 31 October, a result Superloop put down to the usual first-quarter seasonality. The company described traditional wholesale as having an outstanding quarter, led by on-net products such as backhaul and subsea capacity on its Indigo cable. It expects those wins to add over $3.6 million in annualised revenue once services migrate.
Capital expenditure is guided to $58 million to $62 million, compared with $37.9 million in FY26. Superloop attributed most of the increase to Smart Communities spending of $16 million to $18 million and about $4 million for integration. Kapitales Research and The Bull both said net interest expense is set to roughly double from $7.8 million in FY26, owing to borrowing for Lynham. The Bull added that it expects depreciation and amortisation to grow around 10 per cent and share-based payments by more than 50 per cent.
The Bull said Superloop shares fell 10.18 per cent to $2.47 on Tuesday, the second weakest performer in the ASX 200 that day. Kapitales Research instead reported the shares at $2.615, up 5.9 per cent. Superloop's FY29 ambitions, which it stresses are not guidance, include revenue above $1 billion and underlying EBITDA of $200 million.