NetLink NBN Trust Q1 profit after tax falls 22% to $18.1m in Q1

The decline was due to higher depreciation from a larger asset base.

NetLink NBN Management Pte. Ltd., the trustee-manager of NetLink NBN Trust, reported a 22% year-on-year (YoY) decline in profit after tax (PAT) to $18.1m for the three months ended 30 June 2026 (Q1 FY2027).

The decline was mainly due to higher depreciation resulting from a larger asset base.

Revenue fell 1.4% YoY, primarily due to lower non-RAB revenue.

The decline in non-RAB revenue was driven mainly by lower installation-related revenue, partly offset by higher ancillary project revenue.

EBITDA fell 4% to $69.1m, reflecting higher operating expenses.

As at 30 June, the trust had 1,519,269 residential connections, 51,459 non-residential connections, 3,603 NBAP connections, and 4,330 segment connections.

Residential gross additions were stable in Q1 FY2027, whilst non-residential gross additions declined, mainly due to end-user churn between requesting licensees.

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