NetLink NBN Management Pte. Ltd., the Trustee-Manager of NetLink NBN Trust, has announced its financial results for the nine months ending 31 December 2025, showing a 1.6% increase in revenue compared to the same period last year. Despite this growth, the company’s EBITDA saw a marginal decline of 0.6%.
The revenue increase, amounting to an additional $4.9m, was primarily driven by higher non-Regulated Asset Base (RAB) revenue, particularly from ancillary projects. However, the number of residential and non-residential connections experienced a slight decrease, with figures dropping from 1,517,326 to 1,517,049 and from 53,454 to 52,574, respectively. In contrast, Non-Building Address Points (NBAP) connections rose from 3,065 to 3,556, and segment connections increased from 3,832 to 4,244.
The decline in EBITDA, amounting to $1.4m, was attributed to increased operating expenses, notably higher property tax for Seletar Central Office and elevated IT-related costs. Additionally, the Profit After Tax (PAT) fell by $8.8m due to higher depreciation from an expanded asset base and increased net finance costs, although this was partially offset by a higher income tax credit.
NetLink NBN Trust, listed on the Singapore Exchange since July 2017, continues to play a crucial role in Singapore’s Nationwide Broadband Network, providing extensive fibre network infrastructure across the country. The company’s financial performance underscores its resilience amidst fluctuating connection numbers and rising operational costs.
