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City-focused full fibre (FTTP/B) provider Hyperoptic, which claims to have built their gigabit broadband network to cover 2 million UK homes (mostly across blocks of flats / MDUs), has revealed that their losses for the year to 31st Dec 2025 increased to £172.24m and they’re trying to seek a solution to £98m in maturing debt.
Just to recap. Hyperoptic actually published a preview of their annual accounts back in July 2026, which revealed that the vertically integrated alternative network and retail ISP had seen revenues increase by 22% to £139m, while their customer base also jumped 18% to 440,000+. But they naturally opted to focus on the positives and not the negatives, which didn’t become apparent until their full accounts were released a few days ago.
As previously reported, the operator has been dealing with many of the same market strains as other altnets over the past few years, which has already caused some redundancies (here) and prompted them to focus more on commercialisation of what they’ve already built. But the provider is arguably in a better position than others as they have a more established network and stronger financials.