NetLink NBN Trust has reported a distribution per unit of 2.71 cents for the 1HFY2026 ended Sept 30, up 1.1% y-o-y.
Profit after tax for the 1HFY2026 declined 10.2% y-o-y to $43.5 million.
Revenue for the reporting period came in 1.1% y-o-y higher at $207.1 million, while ebitda remained unchanged at $143.5 million.
Distribution per unit for the 1HFY2026 came in 1.1% y-o-y higher at 2.71 cents.
The slight increase in revenue for the reporting period was primarily driven by higher ancillary project revenue and co-location revenue.
Ancillary project revenue rose $2.2 million, reflecting the completion of more government projects during the period. Co-location revenue increased by $1.3 million, supported by higher rack space take-up and one-off cost recovery related to the upgrade of the Nationwide Broadband Network.
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These were partially offset by lower connections revenue.
Meanwhile, the lower profit after tax was due to higher depreciation and amortisation, primarily from Seletar CO.
The NetLink group’s net cash from operating activities in 1HFY2026 was $108.6 million.
Units in NetLink NBN Trust closed 0.5 cents higher or 0.510% up at 98.5 cents on Nov 3.
