{"id":41656,"date":"2025-05-06T07:31:46","date_gmt":"2025-05-06T06:31:46","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=41656"},"modified":"2025-05-06T08:47:23","modified_gmt":"2025-05-06T07:47:23","slug":"take-up-rises-as-netomnia-report-q1-results-for-uk-10gbps-broadband-network","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2025\/05\/take-up-rises-as-netomnia-report-q1-results-for-uk-10gbps-broadband-network.html","title":{"rendered":"Take-up Rises as Netomnia Report Q1 Results for UK 10Gbps Broadband Network"},"content":{"rendered":"

Alternative operator Netomnia<\/a> (Brsk and YouFibre<\/a>), which last week reported expanding their 10Gbps speed Fibre-to-the-Premises (FTTP<\/a>) broadband network to cover 2.4 million UK premises (RFS) and connecting 310,000 customers (here<\/a>), has today published their Q1 2025 results and seen take-up grow to 12.4% (up from 11.5% in Q4 2024).<\/p>\n

The network access provider is now currently in the process of completing their merger with Brsk (here<\/a>) and aims to expand their full fibre (FTTP<\/a>) broadband network to reach 3 million premises by the end of 2025, which will be followed by 5 million come the end of 2027 (inc. 1 million customers by 2028). The service is currently available across parts of over 90 UK cities and towns.<\/p>\n

NOTE:<\/strong> The combined group of Netomnia<\/a> and Brsk is backed by around \u00a31.5bn<\/strong> of equity and debt from investors Advencap, DigitalBridge, and Soho Square Capital etc.<\/div>\n

The latest results for Q1 2025 represent slightly older data than some of the figures that were released last week as part of their \u00a3160m funding (debt) announcement (inc. an increased coverage commitment). But we also get some useful new updates on customer take-up, revenue, net debt and EBITDA (i.e. earnings before interest, tax, depreciation and amortisation).<\/p>\n

The group is currently still expecting to achieve positive EBITDA in 2025. “We\u2019re poised to reach 3 million premises serviceable and achieve EBITDA positivity in 2025. Our success is underscored by securing a \u00a3160 million junior debt facility, affirming our robust business model. In a UK market ripe for consolidation, we stand out as the premier platform to lead this transformation<\/em>,” said Group CEO, Jeremy Chelot.<\/p>\n

Key Figures from Netomnia<\/a>’s Q1 2025 Results<\/strong><\/span><\/p>\n

\u27a4 Revenue:<\/strong><\/p>\n

Q1 2025 Result: \u00a319.9m (304% YoY increase)<\/p>\n

Q4 2024 Full Year Result: \u00a338.6m (321% YoY increase) – annual total<\/p>\n

\u27a4 Premises Serviceable:<\/strong><\/p>\n

Q1 2025 Result: 2.32m (up 239k in the quarter)<\/p>\n

Q4 2024 Result: 2.08m (up 255k in the quarter)<\/p>\n

\u27a4 Premises Connected:<\/strong><\/p>\n

Q1 2025 Result: 288k (up 50k in the quarter)<\/p>\n

Q4 2024 Result: 238k (171k added in 2024, 48K in the quarter)<\/p>\n

\u27a4 Take-up Rate:<\/strong><\/p>\n

Q1 2025 Result: 12.4% (up 9% Quarter-on-Quarter)<\/p>\n

Q4 2024 Result: 11.5% (up 38% YoY)<\/p>\n

\u27a4 Adjusted EBITDA<\/strong> (excludes exceptional items):<\/p>\n

Q1 2025 Result: (\u00a35.3m) (up 21% YoY)<\/p>\n

Q4 2024 Full Year Result: (\u00a329.6m) – annual total<\/p>\n

\u27a4 Net Debt<\/strong> (debt drawn to date including accrued interest less cash.):<\/p>\n

Q1 2025 Result: \u00a3610m (up 15% Quarter-on-Quarter)<\/p>\n

Q4 2024 Result: \u00a3531m (up 223% YoY)<\/p><\/blockquote>\n

We note that Netomnia doesn’t shy away from proclaiming itself in the results to be the “UK’s 2nd Largest Alt-Net<\/em>“, which is likely to remain true now that nexfibre<\/a> seems to have taken a backseat with their own roll-out plans due to changes at Telefonica (here<\/a>) – unless they go aggressive on their proposed talk of a consolidation drive. Meanwhile, CityFibre<\/a> remains the largest alternative network with around 4.4 million premises passed (4.2m RFS).<\/p>\n

UPDATE 8:43am<\/strong><\/p>\n

Just to clarify that the Q4 2024 figures were year-to-date for revenues and other financial figures, rather than quarterly.<\/p>\n","protected":false},"excerpt":{"rendered":"

Alternative operator Netomnia (Brsk and YouFibre), which last week reported expanding their 10Gbps speed Fibre-to-the-Premises (FTTP) broadband network to cover 2.4 million UK premises (RFS) and connecting 310,000 customers (here), has today published their Q1 2025 results and seen take-up grow to 12.4% (up from 11.5% in Q4 2024).<\/p>\n","protected":false},"author":1,"featured_media":28292,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[2660,56,2353],"class_list":["post-41656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-brsk","tag-fttp","tag-netomnia"],"share_on_mastodon":{"url":"https:\/\/mastodon.social\/@ispreview\/114459489628592664","error":""},"yoast_head":"\nTake-up Rises as Netomnia Report Q1 Results for UK 10Gbps Broadband Network - ISPreview UK<\/title>\n<meta name=\"description\" content=\"Alternative operator Netomnia (Brsk and YouFibre), which last week reported expanding their 10Gbps speed Fibre-to-the-Premises (FTTP) broadband network to\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ispreview.co.uk\/index.php\/2025\/05\/take-up-rises-as-netomnia-report-q1-results-for-uk-10gbps-broadband-network.html\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Take-up Rises as Netomnia Report Q1 Results for UK 10Gbps Broadband Network - 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