CityFibre profit skyrockets as connections near million

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Some of the UK's smaller fibre altnets might be feeling the pinch at the moment, but CityFibre isn't one of them.

The wholesaler has published a set of full-year numbers that are no doubt the envy of many of its more financially-strained rivals.

Profits, which have proven elusive to many a budding altnet – including CityFibre until fairly recently – surged, with adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) rising to £29 million in 2025 from a mere £5 million a year earlier.

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