Aussie Broadband (ABB) AGM 2025 summary

Opening remarks and agenda

• The Chair opened the meeting, acknowledged traditional owners, outlined the hybrid format and agenda, and introduced the CEO, directors, Company Secretary, auditor, and share registry representatives.

• Voting was conducted by poll with instructions for both in-person and online participants, and opportunities for questions throughout, including a dedicated Q&A session.

Financial performance review

• Revenue grew 18.7% to $1,187.1 million, with underlying EBITDA of $138.2 million and NPATA up 6.5% to $55.8 million.

• Operating cash flow before interest and tax was $117.3 million; EPS was $0.19, down 0.3 cents from the previous year.

• Paid fully franked interim, final, and special dividends totaling $0.064 per share; share buyback program purchased 9 million shares at $3.97 average.

• Market share of on-net NBN services increased to 8.4%, broadband connections grew to 788,000, and mobile services rose to 216,000.

• Symbio contributed $39.4 million to EBITDA, with $6 million in synergies.

Board and executive committee updates

• Leadership transitioned from founder Phillip Britt to Brian Maher as Group CEO; Britt remains as Non-Executive Director and Special Advisor.

• Graham Barclay and Sarah Adam-Gedge joined as Non-Executive Directors after a comprehensive recruitment process; Patrick Green retired.

• The Board consists of experienced directors with diverse backgrounds in telecommunications, finance, and technology.

• The business was realigned into Residential, Business/Enterprise/Government, and Wholesale segments, each led by a Group Executive.