On 16 May 2024, NetLink NBN Trust (“NLNT”) announced their full year result for 2024. Their results have been relatively consistent this quarter, although EBITDA saw a decrease due to higher operating expenses. Next quarter onwards is when the updated pricing will come into effect, and we will be able to see if this has any significant financial impact.

Unlike Real Estate Investment Trusts (“REITs”), NLNT is a business trust and are not imposed the same regulations as REITs.

Website: Financial Statements And Related Announcement::Full Yearly Results

Photo source: https://fifthperson.com/2019-netlink-trust-agm/

Background

NLNT was established in 2017 primarily for the purpose of owning all of the units of NetLink Trust (“NLT”), through which NLNT owns the only nationwide fibre network supporting Singapore’s Next Generation Nationwide Broadband Network (“Next Gen NBN”).

NLNT designs, builds, owns and operates the passive fibre network infrastructure of Singapore’s Next Gen NBN. An initiative led by