NetLink NBN Trust AGM Endorses FY26 Results and Renews Auditor

SGX Filings
08/21

NetLink NBN Trust (CJLU) reported that all resolutions were overwhelmingly approved at its ninth Annual General Meeting held at the Stephen Riady Auditorium, NTUC Centre, Singapore, on Jul, 24 2026.

Unitholders adopted the Report of the Trustee-Manager and the audited financial statements for the financial year ended Mar, 31 2026, with 99.97% of the votes cast in favour (1.76 billion units).

The meeting also re-appointed Deloitte & Touche LLP as external auditor until the next AGM, securing 99.85% support, and authorised the Trustee-Manager to issue new units of up to 50% of issued units—of which up to 10% may be issued on a non-pro-rata basis—garnering 98.99% approval.

For FY26, NetLink NBN Trust generated revenue of 413.4 million Singapore dollars, up 1.6% year on year. EBITDA slipped 1.8% to 282.9 million Singapore dollars, while profit after tax fell 12.6% to 83.3 million Singapore dollars. Operating cash flow remained steady at 258.8 million Singapore dollars.

During the meeting, Chairman Chaly Mah Chee Kheong announced that Audit Committee Chair and Non-Executive Independent Director Koh Kah Sek would retire at the close of the AGM, and thanked her for her service.

The AGM concluded at 2:37 p.m. local time.

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