CityFibre full year 2025 results released

Wholesale alt-net CityFibre has released its full-year results to date ending 31st December 2025, and it shows the company has now exceeded 20% penetration across its consumer FTTP footprint. The company has confirmed that with £2.3bn of financing agreed during the year, they have a renewed ambition to consolidate the sector and extend their services across more of the UK. We track CityFibre rollout as ready for service at 4.33m, slightly behind the official RFS figure of 4.5m.

CityFibre Full Year 2025 in stats:

• Revenue: £170m (up 27%)
• New consumer connections: 330k (up 82%)
• Total consumer connections: 848k (up 64%)
• Total premises RFS: 4.5m (up from 4.1m, 10% increase)
• Thinkbroadband premises RFS: 4.32m (up from 3.8m, 14% increase)
• Installing 50,000 customers on average each month in Q4
• Record 119,000 new customer connections in Q4 2025
• 10Gbps XGS-PON now offering symmetric multi-gig, 2.5 and 5.5Gbps speeds across the network
• £500m new equity from shareholders
• £960m of debt, with an £800m accordian for M&A (£300m already committed)

“CityFibre’s wholesale business model has always set us apart and, as our network fills up with customers, we have the momentum to bring about a long-term, competitive alternative to BT Openreach and deliver significant benefits for the UK.

Looking ahead, our nationwide 10Gb XGS-PON network will enable our ISP partners to unlock all the power of Multi-Gig as we deliver future-proofed digital infrastructure for businesses, mobile operators and public sector partners throughout the UK. Following a landmark 2025, CityFibre is proving to be the network of choice and we enter 2026 with ever greater ambition.”

Simon Holden, CEO, CityFibre

The company has stated that they are looking to be the leading competitor to Openreach and will do this by expanding their network to reach 8m UK premises.