Australia's Superloop hits record high on 2026 outlook upgrade

Superloop

03/06/2026 01:40

** Shares of Superloop SLC.AX rise as much as 8.1% to a record peak of A$3.87
** The telecom firm raises FY26 underlying EBITDA forecast to the range of A$118 million to A$122 million ($84.65 million to $87.52 million), from previous forecast of A$112 million-A$120 million      
** FY26 capex forecast has increased by A$2 million to a range of A$34 million to $37 million, excluding the IRU
renewal
** Stock up 45.2% this year, including the day's move

($1 = 1.3939 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))