---
title: "Net profit of NetLink NBN Trust declines by 11.8% in the first nine months | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/274151005.md"
description: "NetLink NBN Trust's net profit for the first nine months fell by 11.8% to HKD 65.4 million, compared to HKD 74.1 million in the previous fiscal year. The decline in net profit was mainly due to increased depreciation expenses and rising net financing costs resulting from the expansion of asset scale, partially offset by higher income tax credits. During the period, revenue slightly increased by 1.6%, rising from HKD 308 million to HKD 313 million, primarily due to increased revenue from hosting-related subsidiary projects. User connection data showed a slight decline in both residential and non-residential connections. The trust's stock price closed at HKD 0.98, up 0.51%"
datetime: "2026-01-29T12:36:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274151005.md)
  - [en](https://longbridge.com/en/news/274151005.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274151005.md)
---

# Net profit of NetLink NBN Trust declines by 11.8% in the first nine months | Lianhe Zaobao

NetLink NBN Trust's net profit for the first nine months fell by 11.8% to SGD 65.4 million, compared to SGD 74.1 million in the previous fiscal year.

The trust announced its performance for the first nine months ended last year before the market closed on Thursday (January 29).

In the announcement, the trust pointed out that the decline in net profit was mainly due to increased depreciation expenses resulting from asset scale expansion and rising net financing costs, although this was partially offset by higher income tax credits.

Data showed that depreciation and amortization expenses increased by 6% year-on-year, rising from SGD 131.1 million the previous year to SGD 138.9 million.

In the first nine months, the trust's revenue slightly increased by 1.6% year-on-year, from SGD 308.2 million to SGD 313.0 million.

The revenue growth was mainly driven by increased income from co-location ancillary projects, but was partially offset by a decrease in connection points, a decline in pipeline and manhole service fee income, and a drop in central office revenue.

User connection data indicated a slight decline in total residential and non-residential connections. The number of residential connections decreased slightly to 1.517 million compared to the same period last year, while non-residential connections fell to 52,000.

The trust's stock price closed at SGD 0.98 on Thursday, up 0.51%

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