It adds that in the 9MFY2024 period, operating costs were lower partly due to a one-off reversal of $6.2 million following the resolution of disputed power charges.
NetLink’s revenue for the 9MFY2025 period came in 0.4% lower y-o-y at $308.2 million, mainly due to lower non-Regulated Asset Base (RAB) revenue because of a reduction in ancillary project revenue. This was partially offset by higher installation-related revenue, the company says.
“RAB revenue remained stable, and the number of residential connections increased from 1,501,032 to 1,517,326 y-o-y, while non-residential connections increased from 53,222 to 53,454,” the firm’s release reads.
Non-Building Address Points (NBAP) connections grew from 2,920 to 3,065 and segment connections grew from 3,397 to 3,832 when compared to the same period a year before.
See also: Creative guides for ‘similar level of operating loss’ for 2HFY2025
The group says its focus for the FY2025 is to grow NBAP and segment connections by supporting deployments related to Smart Nation and cloud-based services; to continue to support digitalisation of SMEs by lowering cost of connections; to support the upgrade of the Nationwide Broadband Network to offer up to 10Gbps per connection, among others.
Shares in NetLink NBN Trust closed 0.5 cents lower or 0.581% down at 85.5 cents on Feb 10.
