S&P/ASX 300 Index (ASX: XKO) stock Superloop Ltd (ASX: SLC) is at it again.
And by 'it' I mean racing higher.
Shares in the telecommunications infrastructure company closed on Friday trading for $2.98. In morning trade on Monday, shares are changing hands for $3.11 apiece, up 4.4%.
That sees the Superloop share price up an impressive 99.4% since this time last year.
For some context, the ASX 300 is up 0.3% today and up 10.2% over the past 12 months.
Here's what's lifting the Superloop share price today.
ASX 300 stock on the growth path
Investors are bidding up the ASX 300 stock following a full-year earnings upgrade for the financial year ending 30 June (FY 2025).
Management said that with "ongoing strong trading performance across the business", Superloop expects its underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) for FY 2025 to be at or above $91 million.
That's materially higher than the prior full-year EBITDA guidance of $83 million to $88 million, which the ASX 300 stock provided in August 2024.
It's also 67% higher than the underlying EBITDA Superloop achieved in FY 2024.
Superloop said its FY 2025 cash capital expenditure (capex) remains on track to come in the range of $28 million to $30 million.
The telecommunications infrastructure company is scheduled to release its final, audited full-year results on 20 August.
What's been happening with Superloop?
The Superloop share price is up more than 50% since 21 February, when the ASX 300 stock released its half-year results (H1 FY 2025).
Highlights that caught ASX investor interest included a 30.6% year-on-year increase in total revenue to $258 million.
On the earnings front, underlying EBITDA was up $15 million from the prior corresponding period to $38 million.
And while the company still lost money over the half, its net loss after tax decreased by $10.9 million to $7.8 million.
Positively, free cash flow of $16 million was up 27.5% year on year.
Commenting on the results that boosted the ASX 300 stock on the day it reported, Superloop CEO Paul Tyler said:
With strong organic revenue growth and a substantial increase in Consumer and Wholesale revenues, we are seeing the benefits of our focus on organic growth, operational efficiency, and brand investment.
These results demonstrate the effectiveness of our low-cost operating model and growing scale advantages which deliver operating leverage, improve unit economics and support strong earnings growth.
