Superloop

(AI video summary)

This video was created on 18 February 2026 for IG audiences by ausbiz.

ASX code: SLC

Half‑year turns positive as profitability returns

Superloop has emerged as a market standout, hitting a three-month high after swinging back to profitability. This success is driven by growth in wholesale and consumer segments and the acquisition of Lightning Broadband, a fibre and fixed wireless internet provider.

Half-year (HY) results:

• Net profit: $5.1 million, reversing the $7.8 million loss recorded a year earlier
• Revenue: rose 23% to $317 million
• Earnings before interest, tax, depreciation and amortisation (EBITDA): guidance at $112–120 million, compared with $109–117 million previously. 

Analysts highlighted the contrast between EBITDA and net profit, arguing that a $5 million interim profit is relatively modest for a company now valued at approximately $1.4 billion.

Acquisition expands niche market exposure

Superloop will acquire Line and Line Networks, the parent of Lightning Broadband, for $165 million. The target provides fibre and fixed‑wireless services to student accommodation, hospitals and hotels. The deal is viewed positively for expanding Superloop’s footprint across high‑density, high‑demand markets, though the purchase price is substantial and will require strong execution to deliver margin gains.

Investment outlook

Despite strong customer growth - 74,000 new customers added in the half - Superloop’s historical margins and returns remain low. The share price has risen from around $1.00 in early 2023 to more than $2.70 today. Modest profitability and a stretched valuation remain key constraints.