Main source of income: Telecommunications services
TOP 3 markets:

1. Singapore: approx. 85%
2. Malaysia: approx. 10%
3. Indonesia: approx. 5%

NetLink NBN Trust generates the majority of its revenue from the telecommunications services sector, particularly through the operation and maintenance of the fiber optic network in Singapore. The domestic market dominates the revenue structure as NetLink NBN Trust serves as the main provider of fiber infrastructure in Singapore.

Expansion into neighboring markets such as Malaysia and Indonesia also contributes to the revenue, although these markets represent significantly smaller shares compared to the home market. The strategic focus on the ASEAN region enables NetLink NBN Trust to benefit from the increasing demand for high-speed internet in these countries.

Production Sites: Singapore

NetLink NBN Trust is a Singapore-based company that mainly operates in the field of fiber optic infrastructure. As an infrastructure company, NetLink NBN Trust does not produce physical products in the traditional sense. Instead, the company operates and manages a nationwide fiber optic network in Singapore.

The main activities focus on the provision and maintenance of this network, which is crucial for telecommunications and broadband services in Singapore. All operational activities take place within Singapore, as the company specializes in local infrastructure.

Strategy for Future Growth:

NetLink NBN Trust pursues a growth strategy based on expanding and enhancing its fiber network infrastructure.

The company plans to further expand its network coverage in Singapore to meet the increasing demand for fast and reliable internet connections. This includes the development of new residential and commercial areas.

Another focus is on introducing new technologies and services to increase efficiency and improve customer service. This involves investments in advanced network technologies and optimizing operational processes.

Furthermore, NetLink NBN Trust relies on strategic partnerships and collaborations to explore new business opportunities and strengthen market presence. These measures are intended to secure long-term growth and solidify the position as a leading provider of fiber solutions in Singapore.

Main materials: Fiber optic cables, copper, plastic components
Countries of origin: China, Japan, South Korea

NetLink NBN Trust heavily relies on the import of fiber optic cables, which are essential for the expansion and maintenance of its fiber optic network. These cables are mainly sourced from China and Japan, as these countries are leading in the production of high-quality fiber optic materials.

In addition, copper and plastic components needed for the production of cable sheaths and other network components are also imported. South Korea is an important supplier of these materials due to its advanced manufacturing industry.

These imports are crucial to ensure the high quality and reliability of the NetLink NBN Trust network.

Market Share: Over 75% in Singapore's fiber optic network market (2026)

EBITDA Margin: Approximately 70% (2025)

NetLink NBN Trust enjoys a significant competitive advantage due to its dominant market position in Singapore's fiber optic network market. With a market share of over 75%, the company is the main provider of fiber optic connections in the region. This allows NetLink NBN Trust to benefit from economies of scale and achieve a high EBITDA margin of about 70%, indicating efficient operations and cost control.

Another advantage is the regulatory support from the Singaporean government, which promotes the expansion of fiber optic infrastructure. This ensures NetLink NBN Trust of long-term revenue through regulated tariffs and a stable demand for its services.

Competition is limited due to high barriers to entry and NetLink NBN Trust's already established infrastructure, giving the company a strong market position.

Institutional Investor Share: 70% (estimated, 2026)
Insider Buys/Sells: No significant transactions in the last year (2026)

The institutional investor share in NetLink NBN Trust is estimated to be around 70%. This suggests that large institutional investors, such as pension funds and investment companies, hold a significant stake in the company. These investors are often interested in long-term returns and can bring stability to the shareholder structure.

In 2026, there were no significant insider buys or sells, indicating that the management and other insiders have confidence in the current and future development of the company. A lack of insider sells can be seen as a positive signal, as it indicates that the executives believe in the long-term success of the company.

Market share of NetLink NBN Trust: 75% (estimated for 2026)

Main competitors and their market shares:

1. StarHub Ltd: 10%
2. Singtel: 8%
3. M1 Limited: 5%
4. TPG Telecom: 2%

NetLink NBN Trust dominates the market for fiber optic networks in Singapore with an estimated market share of around 75%. This is mainly due to their role as the main operator of the nationwide fiber optic network that covers the majority of households and businesses in Singapore.

The moat of NetLink NBN Trust is significant, as the company benefits from regulatory conditions that position it as an almost monopolistic provider. Their infrastructure is difficult to replicate, creating a high barrier to entry for new competitors.

In comparison, other companies like StarHub, Singtel, and M1 Limited have smaller market shares in the fiber optic network sector, as they focus more on mobile and broadband services. While these companies also have strong brands and customer bases, their moat in the fiber optic network sector is less pronounced compared to NetLink NBN Trust.

Overall, NetLink NBN Trust has a clear advantage over its competitors due to its infrastructure and regulatory support, creating a strong moat.

Revenue Growth: 3.8% (2025)
Profit Growth: 4.2% (2025)
Dividend Yield: 5.5% (2025)

NetLink NBN Trust recorded a moderate revenue growth of 3.8% in 2025, indicating stable demand for its services in the telecommunications infrastructure sector. Profit growth was at 4.2%, demonstrating that the company was able to slightly improve its efficiency.

The dividend yield of 5.5% is attractive to investors seeking stable income streams. NetLink NBN Trust holds a strong market position in Singapore, supported by long-term contracts and a quasi-monopoly position in the fiber optic network.

Overall, the stock could be a good investment for investors looking for stable returns and a defensive play in the telecommunications industry. The long-term prospects are positive, especially due to the ongoing need for fast and reliable internet connection.

Dividend Yield: 5.2% (2025) Dividend History: Continuous payout since 2017

NetLink NBN Trust has been paying out a consistent dividend in recent years, indicating a reliable payout policy. The dividend yield was last around 5.2% for the year 2025, which is competitive compared to other companies in the same sector.

The company benefits from stable income from its monopoly on fiber optic networks in Singapore, providing a solid foundation for future dividend payments. Analysts expect NetLink NBN Trust to maintain its dividend policy as long as regulatory and economic conditions remain stable.