Broadband provider Superloop is on a roll with its shares jumping 18 percent after announcing a $5 million interim profit and its acquisition of rival Lynham Networks.

The company’s CEO Paul Tyler says Superloop is gathering momentum by buying Lightning Broadband currently owned by Lynham at a cost of $165 million.

“I wanted to note that this acquisition accelerates Superloop as a national fibre-to-the-premise challenger, with materially greater exposure to high margin, annuity style, revenues, and high-quality earnings,” he said.

This would allow Superloop to home in on the lucrative greenfield and high-density broadband markets. Superloop additionally would gain 24,000 lots and contracts.

“Superloop has delivered fantastic results for the first of half of FY26, including record organic Consumer customer growth, an increase in revenue of 23%, and an increase of 46% in Underlying EBITDA to $55.8 million, leading to net profit after tax of $5.1 million for the half,” Mr Tyler said.

“Both the Consumer segment and the Wholesale segment achieved strong revenue growth, 29% and 28% respectively. Consumer added a record 49,000 customers during the half, and Wholesale experienced accelerated growth in the last two months, setting the business up for a strong second half.

“We continue to invest in digital initiatives to improve customer experience and to drive cost efficiency. In the six months to 31 December, Superloop generated Gross Operating Cash Flow of $53.5m.

“These funds allow for further investment in growth, including our high-margin Smart Communities business, driving sustained long-term earnings for the Group.”

He says inclusion in the ASX 200 Index in September last year was a significant milestone for the company.