NetLink NBN Management Pte. Ltd., the Trustee-Manager of NetLink NBN Trust, has announced its financial results for the fiscal year ending 31 March 2025. Despite a slight decline in revenue and EBITDA, the company reported a 1.1% increase in its distribution per unit (DPU), now at 5.36 Singapore cents. This growth in DPU comes amidst a 1.0% decrease in revenue, which fell to $407.0m, largely due to reduced ancillary project revenue.
The decrease in revenue was primarily attributed to a $6.2m drop in ancillary project revenue, resulting from fewer work orders. Additionally, connections revenue saw a $1.5m decline following a reduction in the monthly recurring charge after a price review by the Infocomm Media Development Authority. However, this was largely offset by an increase in connection numbers, alongside higher co-location, central office, and installation-related revenues.
The NetLink Group’s market capitalisation stands at $3.4b, with a unit price of $0.880 as of 31 March 2025. The company’s net gearing ratio is at 28.3%, with a net debt to EBITDA ratio of 2.4 times, indicating a stable financial position.
Looking ahead, NetLink plans to enhance its network resilience and extend coverage in northern Singapore. The company also aims to support Smart Nation initiatives and enterprise digitalisation with reliable fibre solutions. These efforts are part of NetLink’s broader strategy to maintain sound capital management and strengthen sustainability performance.
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