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One of the country’s largest alternative broadband networks, Netomnia (Substantial Group), will today publish their Q3 2025 results. The figures reveal that revenues on their multi-gigabit speed full fibre (FTTP) network increased to £27.7m (up from £23.6m in Q2 and 125% YoY) and take-up reached 14% (up from 13.4%). Some 2.8 million premises are now covered (up 241k in Q3 vs 243k in Q2).
The results confirm that Netomnia is continuing to build at a rapid pace and thus remains on-track for their current coverage goals – expanding their network coverage by almost 1 million premises per year. The provider also ended the quarter with a total of 396,000 customers (up by 54k in Q3 – the same growth as they had in Q2).
The brief results also reveal that the operator delivered their first positive adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) of £0.3m – excluding exceptional items, which is an impressive result given how Q2 delivered a loss of -£4.9m.
However, the ongoing network builds inevitably mean that the company’s Net Debt has also grown by 13% in the quarter to total £801m (debt drawn to date including accrued interest less cash), which is up from £709m in Q2.
Jeremy Chelot, Group CEO of Netomnia (YouFibre, brsk), said:
“For the second consecutive quarter, we’ve maintained the fastest network build and customer acquisition rate among Alt-Nets. With out continued momentum and by combining scale, speed, and capital efficiency, we remain confident in our plan to reach 5 million premises by 2027. Our focus continues to be on building a fibre network ready for whatever comes next, well-positioned and leading the industry’s consolidation.”
The operator has of course also recently been the subject of intense speculation over a possible grand £2bn consolidation deal with either CityFibre or Virgin Media (O2 / Nexfibre) – here, which could see Netomnia being one of the market’s kingmakers. Meanwhile, we’re now expecting YouFibre to launch their new VodafoneThree powered mobile service (YouMobile) in Q1 2026; it was previously expected to launch by the end of 2025 (here).