Superloop Ltd. (AU:SLC) has released an update.
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Superloop Ltd. has announced a stellar financial performance for FY24, with a notable 45.2% increase in underlying EBITDA and a 30% rise in total revenue, reaching $420.5 million. The company has successfully expanded its consumer base, adding 87,000 new customers, and has inked transformative wholesale contracts with Origin Energy and AGL, promising to significantly bolster earnings from FY25. Despite a net loss, improved cash flow and strategic deals are setting Superloop on a path to achieve a net profit after tax by FY26.
For further insights into AU:SLC stock, check out TipRanks’ Stock Analysis page.
