DBS Group Research’s Sachin Mittal says NetLink’s has a “resilient” business model supported by “predictable” revenue streams.
NetLink NBN Trust’s (NLT) revenues, ebitda and reported profit for 1QFY2026 ended June 30 slightly missed expectations, making up 25%, 24% and 24% of Bloomberg consensus forecasts respectively. Despite mixed operating trends, however, analysts think the trust’s 6% yield is “largely insulated from macro outlook”.
NLT, which holds a monopoly of Singapore’s fibre network, reported a profit after tax of $23.2 million for the quarter, down 9.2% y-o-y. The group’s revenue grew 1.6% y-o-y to $102.8 million, while ebitda decreased by 1.9% y-o-y to $72 million.
