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Infracapital-backed alternative network operator Fibrus, which has been rolling out their full fibre (FTTP) broadband network across Northern Ireland and Cumbria (England), has today published their latest annual results and revealed that they finally achieved EBITDA breakeven in March 2025 and are now home to 113,500 customers (up from 100k in Nov 2024).
The ability to achieve a positive EBITDA (i.e. earnings before interest, taxes, depreciation, and amortisation) can indicate that a company’s core operations are starting to become profitable (banks use this to help assess whether a company is able to pay off its debts). But EBITDA doesn’t fully consider everything (e.g. non-core financial expense), and there’s still a long road ahead.
Fibrus has so far extended their fibre optic lines to cover 410,000 premises (2nd May 2025) and today’s results, which run to the end of March 2025, reveal that their customer numbers grew by 45%, with 113,500 customers now connected to the network. At the same time, customer penetration — the percentage of premises passed that are now connected — grew from 23% to 28%, with the business on track to reach 30% in the coming months.
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