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Alternative network operator and gigabit broadband ISP Trooli, which has deployed their full fibre (FTTP) network to cover 480,000 premises across parts of England and some of Scotland, have this week reported their annual results to the end of 2025 and revealed that total turnover increased 27% to £11.82m (2024: £9.28m). But losses took a big bite.
The altnet’s infrastructure is currently found in various towns and large semi-rural villages across parts of Berkshire, Buckinghamshire, Cambridgeshire, Dorset, East Sussex, Hampshire, Kent, Norfolk, Suffolk, West Sussex and Wiltshire in England. Not to mention some bits of North Lanarkshire, South Lanarkshire and Fife in Scotland (formerly part of Axione UK’s network – here).
At the time of writing the full results from Agnar UK Infrastructure weren’t yet available to download (this usually includes some additional details) – expected in the next few days, but Companies House have made Trooli’s direct accounts available (here). The results reveal that the operator also suffered a hefty loss for the year, after taxation, of £23.28m (2024: £717k) – partly reflecting the ongoing expansion of their network and onboarding of new retail ISPs.
However, it’s worth noting that Trooli’s operating loss was more balanced and totalled £11.78m (2024: £10.92m), while gross profit increased by 32% to £7.16m (2024: £5.42m) and the company ended the year with fixed assets of £136.1m (2024: £115m). But the latter falls to just £2.19m for net assets (2024: £25.48m).
Finally, the average monthly number of employees, including directors, during the year fell slightly to 211 (2024: 220).