The Ebitda was driven by double-digit growth in each of Superloop's three operating segments, which, it claimed, reflected a 52.8% increase in total connected customers.

In a statement, it listed the following financial highlights:

- Total revenue from continuing operations was $323.5 million vs $249.7 million in the prior corresponding period (PCP), an increase of 29.5% (including the impact of acquisitions). The organic increase in revenue from continuing operations was 17.9% compared to the PCP.
- Overall gross margin from continuing operations2 of $116.9 million (or 36.1% of revenue up from 32.6% in the PCP), increased from $81.5 million in the PCP. Gross margins have improved across all three customer segments.
- Operating costs (excluding marketing) as a percentage of revenue decreased to 20.1%, reflecting ongoing cost discipline and the benefits of the company's digital transformation initiatives.
- Underlying Ebitda from continuing operations of $37.4 million, an increase of 82.2% compared to $20.5 million
in the PCP.
- Operating cash flow in excess of the reported underlying Ebitda, supported by a one-off change to NBN billing timing.
- Balance sheet with a net debt position of $13.3 million plus undrawn debt capacity of $49 million as of 30 June 2023.
- Achieved a major financial milestone, with the company transitioning to being NPATA and free cash flow positive in the second half of FY23.
- An on-market buyback program, purchasing 11.2m shares for a net consideration of $8.6 million was completed.

“Our strong financial performance reflects the significant turnaround that has been delivered from the successful execution of our ‘3-in-3' strategy over the last three years. Set in early 2021, this strategy was designed to grow the business three-fold in three years, and I am pleased to report that we have achieved that. Superloop now has a clear strategic direction, solid financial foundation, and a strong platform for consistent growth," commented Superloop CEO and managing director Paul Tyler.

Tyler claimed that industry subscriber growth and its increased market share in the NBN market from 2% to 3.1% were achieved during FY23.

Superloop also acquired VostroNet and MyRepublic's subscriber base, which bolstered its financial growth.

Superloop claimed the following operational highlights:

- MyRepublic's subscriber transfer agreement added more 50,000 NBN customers.
- The company entered a three-year mutual preferred network partnership agreement with Uniti Group.
- It optimised its fixed wireless network.
- It underwent digital transformation strategy initiatives to deliver cost control and customer experience.
- It also underwent a rebrand to drive growth.