Solid Financial Performance
- Revenue: Up 4 % year-on-year to $5.7 billion
- EBITDA: Up 8 % to $4.2 billion, meeting 2025 guidance
- Operating Costs: Down 5 % to $1.6 billion
- Capital Expenditure: Down 7 % to $3.5 billion as major infrastructure builds near completion
Customer & Network Growth
- Connections: 8.63 million premises now connected, with 31 % (2.66 million) on full Fibre to the Premises (FTTP)
- Fibre Upgrades: Over 430,000 premises migrated from copper to FTTP in FY25—double last year’s total
- High-Speed Plans: 2.77 million premises (32 %) now on 100 Mbps or faster wholesale plans
- Data Usage: Average monthly downloads rose 10 % to 508 GB per premise; FTTP users averaged 606 GB
Major Upgrade Programs
- Fibre Connect: On track to finish December 2025, giving 10 million+ premises (90 % of fixed-line network) access to near-gigabit or multi-gigabit wholesale speeds
- Regional Expansion: Fixed Wireless coverage increased to 345,000 km²; satellite customers saw usage climb 24 % as Sky Muster Plus Premium uncapped plans rolled out
- Pathway off Copper: Plans confirmed to move the remaining 622,000 Fibre-to-the-Node premises to full fibre by 2030
Innovation & Sustainability
- AI-driven tools like DesignAI and CustomerBrain are streamlining planning and customer service.
- NBN remains on track for Net Zero emissions by FY45.
- The company is now Australia’s largest issuer of Green and Sustainability Bonds, with over A$8.7 billion outstanding.
CEO Ellie Sweeney said NBN is delivering a “reliable, high-speed, high-capacity network” that supports Australia’s digital economy, from remote work to AI-driven applications.
Source: NBN Co media release, 12 August 2025 – https://www.nbnco.com.au/corporate-information/media-centre/media-statements/nbn-co-meets-guidance-targets-nation-wide-network-upgrades-on-track
NBN Co FY25 Results: Network Upgrades and Fibre Expansion on Track