Community Fibre posts first-ever profit
May 8, 2025
London-based Internet Service Provider (ISP) Community Fibre has announced an 82 per cent increase in annual revenue to £76 million in its latest annual filings, reporting earnings before interest, tax, depreciation and amortisation (EBITDA) of £8 million in 2024, marking its first profit.
The alternative fibre network (Altnet), backed by private equity firm Warburg Pincus, has been EBITDA positive since April 2024.
Community Fibre also saw annual gross margin increase to 87 per cent, as well as a 51 per cent customer base growth in the past year, making it the UK’s third-largest Altnet network by the all-important measure of customer numbers. On the same measure it is the leading network in London.
Graeme Oxby, Chief Executive Officer of Community Fibre, commented: “We are convinced that a relentless focus on network and sales excellence, lean operations, and industry-leading service is the foundation for success in the altnet market. Community Fibre has proven that new broadband competition can not only be financially sustainable in the long run, it can also deliver meaningful advantages to UK society.”
Throughout the year, Community Fibre expects to see additional customer growth from its two major ISP partners, as well as acceleration of its B2B broadband arm.
Olaf Swantee, Community Fibre Chairman, added: “Our 2024 results and strong outlook confirm that Community Fibre is on the right track. Our strategy delivers best-in-class products, pricing, and service at the lowest unitary cost. As such, we have established the business as a trustworthy, innovative provider and a reliable investment proposition.”
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