Press release —
Annual Report 2025: GlobalConnect accelerates earnings growth and strengthens the Nordic digital backbone
GlobalConnect delivered 11.6% EBITDA growth in 2025, reflecting continued scalability in the business and strengthening profitability. At the same time, the company maintained a high level of investment in its Nordic infrastructure platform.
The Nordic digital infrastructure provider, GlobalConnect today published its Annual Report for 2025, highlighting continued operational momentum and sustained investments in critical digital infrastructure.
Revenue reached SEK 8 billion, corresponding to organic growth of 5.6%*, driven by monthly recurring revenue growth of 6.9%. Adjusted EBITDA increased by 11.6%* to SEK 4.8 billion, with the EBITDA margin improving from 53.7% to 59.9%, reflecting a business that continues to scale efficiently.
“Across industries and customer segments, we are responding to a growing need for resilient, high-capacity and secure digital infrastructure. This demand is driven by increasing data consumption, cloud and AI adoption, and a more complex geopolitical landscape. Our performance in 2025 reflects our ability to stay ahead of these customer needs and translate growth into stronger returns, supporting our transition towards a more capital-efficient growth model and delivering in line with our long-term financial plan,” says Martin Lippert, Group CEO of GlobalConnect.
Expanding and strengthening infrastructure across the region
During 2025, GlobalConnect invested SEK 4.5 billion in increasing capacity, resilience and security in its fiber-based digital infrastructure that now spans more than 250,000 km across the Nordics (2024: 244,000) and passes more than 1.2 million homes (2024: 1.1 million). By the end of 2025, GlobalConnect served 100,000 active business locations and 737,000 active households.
“Our footprint reflects a strategic choice rooted in our Nordic DNA. We have grown with the region and built the digital backbone that makes the Nordics one of the most advanced and connected regions in the world. Looking ahead, we see significant potential and will continue to invest and deliver solutions that anticipate and support the evolving digital needs of businesses and societies,” says Martin Lippert.
GlobalConnect advanced a SEK +500 million multi-route project in 2025 spanning Finland, Sweden, Norway and Denmark, established a new digital ring in the Baltic Sea, and continued involvement in Polar Connect - exploring a future Arctic fiber route to strengthen connectivity between Europe and Asia.
GlobalConnect also continued to invest in expanding colocation capacity at its data centers and also advanced monitoring and security technologies, including the deployment of Distributed Acoustic Sensing (DAS) at selected sites for subsea cable monitoring, as well as several quantum-safe communication initiatives, including the launch of Norway’s first quantum-secure network connection in collaboration with Norsk Helsenett.
Improving cash generation in 2026, with continued high investment levels
In 2026, the focus is on scaling the business: increasing utilization of the existing network, strengthening customer value through full-stack solutions, and continuing to invest in innovation across the fiber platform. At the same time, GlobalConnect will expand in key markets, progress major backbone projects, and scale its data center capacity.
While maintaining a high level of investment, GlobalConnect expects adjusted EBITDA to exceed investment levels in 2026, marking an important step towards positive cash flow and a key milestone in the transition towards a more self-funded business model.
New CEO from 1stof September
Today GlobalConnect also announced that on 1st of September, GlobalConnect will complete a long-prepared transition in the role of Group CEO, when the current Group CFO, Lasse Pilgaard, succeeds Martin Lippert, who is stepping down at his own request.
GlobalConnect’s Annual & Sustainability report for 2025:
https://globalconnectgroup.com/annual-report/
For further comments on the year and performance, please see the CEO letter by Martin Lippert in the report on pages 4-5.
Key figures 2025 GlobalConnect Group
SEK bn | 2025 | 2024 |
Revenue and other income | 8.0 | 8.1 |
Revenue and other income organic growth % | 5.6% | 5.8% |
MRC organic growth % | 6.9% | 6.6% |
Adjusted EBITDA* | 4.8 | 4.4 |
Adjusted EBITDA growth | 11.6% | 10.6% |
Adjusted EBITDA margin % | 59.9% | 53.7% |
Total CAPEX | 4.5 | 4.8 |
Homes passed | 1.2m | 1.1m |
Homes activated | 737,000 | 730,000 |
Active business locations | 100,000 | 97,000 |
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About GlobalConnect
GlobalConnect is one of the leading digital infrastructure and data communication providers in the Nordic region, driving more than half of all data traffic in and out of the Nordics. GlobalConnect delivers fiber-based broadband services to more than 907,000 private consumers and end-to-end connectivity solutions to 30,000 B2B customers via its 244,000 kilometer fiber network across Denmark, Norway, Sweden, Germany and Finland. GlobalConnect employs approximately 1,800 people and had a turnover of SEK 8.1 billion in 2024.
