Business revenue increased by more than $100 million in the period, from $214 million to $319 million. Revenue from residential grew from $944 million to $1.399 billion in the same period.
The monthly average revenue per user for the government owned corporation increased by $2 to $45 for the half year.
NBN Co said it remained on track to meet performance metrics outlined in the 2020-2023 Corporate Plan, with total activations now at 6.44 million as of December 31.
Capital expenditure fell to $2.5 billion down from $2.9 billion in the previous corresponding period, as the company approached the final stages of its build.
Chief executive Stephen Rue said the business was on track to complete the volume rollout of the network by June 30.
“The progress of the rollout during the half was particularly pleasing, given we are now at the most challenging stage of the build, which takes in more complex sites,” Mr Rue said.
“We expect urbant rollout activity to further accelerate in the second half, particularly across our Fibre to the Curb (FTTC) deployment”.
The results come amid discussions between NBN Co and major state government departments about innovation money that will fund upgrades.
More to come