Singapore's NetLink NBN Trust Q1 revenue, profit decline

NetLink NBN Trust

07/08/2026 10:52

Overview
Singapore fibre network operator's Q1 FY27 revenue fell 1.4% yr/yr on lower non-RAB revenue
Q1 FY27 EBITDA declined 4% and profit after tax dropped 22.4% yr/yr
Residential connections stable, non-residential connections declined due to end-user churn

Result Drivers
LOWER NON-RAB REVENUE - Co said Q1 FY27 revenue fell mainly due to lower installation-related non-RAB revenue
HIGHER OPERATING EXPENSES - Co attributed EBITDA decline to increased operating expenses
INCREASED DEPRECIATION - Co said profit after tax dropped due to higher depreciation from a larger asset base

Company press release: ID:nSNKj4Qj

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EBITDA
 
S$69.1 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the integrated telecommunications services peer group is "buy"
Wall Street's median 12-month price target for NetLink NBN Trust is S$1.08, about 6.4% above its August 6 closing price of S$1.01
The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 38 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)