Link: https://links.sgx.com/1.0.0/corporate-announcements/UD5AZOA1IZ15XMEW/53ea0e92cd6a566e29fcbf5386f14dd15456239a42441b822bc11e3359c19382

Summary:

• Revenue for half-year ended 30 Sep 2025 was S$207.1 million, up 1.1% YoY, led by higher ancillary project and co-location revenue, partly offset by lower connection revenue.

• EBITDA steady at S$143.5 million (69.3% margin); profit after tax down 10.2% to S$43.5 million due to higher depreciation and amortisation from Seletar CO investments.

• Cash from operating activities reached S$108.6 million; distribution per unit (DPU) is 2.71 Singapore cents, payable 28 Nov 2025.

• Group has refinanced revolving credit facilities with S$300 million in 10-year fixed-rate notes (at 2.65%) and issued $300 million qualifying project debt securities for tax efficiency.

• Outlook: Singapore fibre demand remains strong; NetLink is investing in network upgrades and expansion, supporting digital ambitions and maintaining sustainable unitholder distributions. Operating cost pressures may impact margins, but regulated revenue base offers stability.