- For 1HFY25, NetLink NBN Trust reported lower revenue (-0.2% y-o-y), EBITDA (-3.8% y-o-y) and PATMI (-8.3% y-o-y), forming 49%/47%/45% of our full-year forecasts respectively.
- - Read this at SGinvestors.io -
- Excluding the one-offs, both NetLink Trust's 1HFY25 EBITDA and PATMI would have dropped by around 2% respectively and more in line with our full-year forecasts.
Mixed quarter.
- Despite lower prices, NetLink Trust's 2QFY25 revenue (+2.5% y-o-y, +3.0% q-o-q) was higher on the back of increased overall connections. However, 2QFY25 EBITDA (-5.1% y-o-y, -4.4% q-o-q) and PATMI (-7.4% y-o-y, -11.1% q-o-q) were lower, dragged by higher operating costs and the S$1.9m asset write-off as mentioned previously.
Higher dividend.
- - Read this at SGinvestors.io -
Lower interest rate.
- Read more at SGinvestors.io.
Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
Chong Lee Len UOB Kay Hian Research | Llelleythan Tan Yi Rong UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-11-06
Read also UOB's most recent report:
2025-11-05 NetLink NBN Trust - 1HFY26 A Slight Miss On Higher Depreciation Charges.
Previous report by UOB:
2025-08-04 NetLink NBN Trust - Muted 1QFY26 Results In Line Despite Higher Operating Costs.
Price targets by 4 other brokers at NetLink Trust Target Prices.
Listing of research reports at NetLink Trust Analyst Reports.
Relevant links:
NetLink Trust Share Price History,
NetLink Trust Announcements,
NetLink Trust Dividend Payout Dates & Corporate Actions,
NetLink Trust News
