Australia's Superloop falls nearly 16% on underwhelming full-year profit

Superloop

20/08/2025 05:29

** Shares of Superloop SLC.AX fall as much as 15.6% to A$2.75, its lowest since June 4, 2025

** Stock, currently down 4.6%, on track for its biggest pct fall since March 23, 2020

** The telecom co reports full-year profit of A$1.2 million ($772,320), missing analysts' average expectation of A$4.2 million, according to estimates compiled by LSEG

** SLC had reported a loss of A$14.7 mln a year earlier

** Citi raises its target price to A$3.35 and maintains its 'Buy' rating on the stock

** Brokerage says co could be in for a period of progressive upgrades, driven by a revenue boost from the transition of Origin ORG.AX broadband customer base

** About 3.3 mln shares change hands vs its 30-day avg of ~1.1 mln

** Stock up 42.9% YTD

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))