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An update from Swoop Holdings Limited ( (AU:SWP) ) is now available.
Swoop Holdings reported strong first-half FY26 growth in its core consumer business, with customer receipts rising 53% year-on-year to $72.9 million, driven by accelerating NBN and mobile demand and contributions from the Melbourne Fibre Project. However, operating cash flow fell to negative $4.1 million and free cash flow to negative $14.9 million, largely due to reductions in payables and a one-off $3 million technology platform investment, while core gross margin slipped to 25.2%, with management targeting an 8–10 percentage point improvement over the next 18 months via supplier renegotiations, including a new NBN deal, and operating leverage. The company ended the half with $16 million in available funding, supported by a $9.3 million entitlement offer and the $6.2 million divestment of its Vonex shareholding, earmarked for working capital and Melbourne Fibre capex, and has launched a “Focus. Divest. Grow” strategy and refreshed its board to streamline operations and enhance returns, underscoring a pivot toward its higher-growth NBN and mobile segments.
The most recent analyst rating on (AU:SWP) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Swoop Holdings Limited stock, see the AU:SWP Stock Forecast page.
More about Swoop Holdings Limited
Swoop Holdings Limited is an Australian telecommunications provider offering data, mobile and voice services to channel, business and residential customers, with a focus on leveraging its own fibre and fixed wireless infrastructure. Its network is built to deliver high-throughput, reliable and flexible telecom services, supporting the company’s ambition to position itself as a leading challenger internet and telecommunications provider in the national market.
Average Trading Volume: 77,217
Technical Sentiment Signal: Hold
Current Market Cap: A$40.91M
See more data about SWP stock on TipRanks’ Stock Analysis page.