NetLink NBN Trust has reported a distribution per unit (DPU) of 5.36 cents for the FY2025 ended March 31, 20245 up 1.1% y-o-y.

For the 2HFY2025, DPU came in 1.1% higher at 2.68 cents.

The trusts’ profit after tax for the full year declined 7.6% y-o-y to $95.4 million, down from the $103.2 million in the same period a year ago. For the 2HFY2025, profit after tax declined 6.9% y-o-y to $46.9 million.

The company’s revenue for the full year declined 1% y-o-y to $407 million, and revenue for the 2HFY2025 declined 1.8% y-o-y to $202.2 million.

The decline in revenue was primarily due to lower ancillary project revenue from fewer work orders. Connections revenue declined by $1.5 million following a reduction of the monthly recurring charge (MRC) after the price review by the Infocomm Media Development Authority (IMDA).

The impact from lower MRC was largely offset by the growth in connection numbers. Higher co-location revenue, central office revenue as well as installation-related and other revenue also partially mitigated the aforesaid reductions.

Ebitda for the FY2025 declined 1.5% y-o-y to $288.1 million due to lower revenue, lower non-operating income and higher operating expenses.

NetLink’s group net cash from operating activities in FY2025 was $258.7 million.

The NetLink Group has a stated policy to distribute 100% of its cash available for distribution on a semi-annual basis. Unitholders will receive a distribution of 2.68 cents per unit for the six months ended March 31, 2025 on June 11.