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Chorus (CNU) investor relations material
Chorus AGM 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.AGM 2025 summary4 Nov, 2025
Opening remarks and agenda
Meeting opened with confirmation of quorum, approval of previous minutes, and opening addresses from the Chair and CEO outlining the agenda and strategic focus.
Agenda included a year in review, operational updates, resolutions, Q&A, and voting, with voting conducted via online poll and instructions provided.
Financial performance review
FY25 revenue reached $1,014 million, with EBITDA at $705 million and fibre connections at 1,115,000, reflecting a 3% year-on-year growth.
Operating cash flows increased 9% to $559 million, and total shareholder returns showed a CAGR of 11%.
Dividend increased to 57.5 cents per share, up 21%, with capital expenditure at $415 million.
Electricity use reduced by 5% and carbon emissions down 25% from FY20 base, with 99% landfill waste diverted.
Board and executive committee updates
Board comprises independent directors, including Mark Cross (Chair), Sue Bailey, Neal Barclay, Miriam Dean, Will Irving, Kate Jorgensen, and Jack Matthews.
Directors Sue Bailey, Will Irving, and Mark Cross stood for re-election.
Board focused on long-term value, capital allocation, and regulatory settings, with chair succession planning underway.
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Frequently asked questions
Chorus Limited is a telecommunications infrastructure company that builds, manages, and maintains network infrastructure in New Zealand. The company primarily provides broadband and fiber optic networks, enabling high-speed internet connectivity for residential, business, and government customers. Chorus focuses on expanding fiber coverage and improving network reliability to support digital connectivity across urban and rural regions. It operates as a wholesale provider, allowing internet service providers to offer retail services over its network. The company is headquartered in Wellington, New Zealand, and its shares are listed on the NZX and ASX.
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