Aussie Broadband (ABB) ASX CEO Connect September 2025 summary

Business overview and growth

• Originated in regional Victoria, expanding from residential broadband to business, enterprise, and government sectors.

• Acquisitions of Over the Wire (2022) and Symbio (2024) added tier one voice networks and MVNE capabilities.

• Revenue CAGR of 36% since 2020, reaching nearly $1.2 billion in FY25.

• Underlying EBITDA CAGR of 64%, with FY25 EBITDA margin at 11.6% after investment in new brand.

• Productivity improvements and staffing ratio enhancements followed a major contract loss.

Financial performance and segment highlights

• FY25 revenue up 18.7% to $1.187 billion, with strong residential and enterprise growth.

• Underlying EBITDA reached $138.2 million, up 14.7%, with Symbio contributing $39.4 million.

• Operating cash flow before interest and tax was $117.3 million; cash conversion improved to 84.9%.

• Underlying NPATA rose 6.5% to $55.8 million; total FY25 dividend paid was $0.064 per share, fully franked.

• Share buyback program ongoing, with 3.1% of equity repurchased.

Market position and opportunities

• Residential segment accounts for 57% of revenue and nearly 50% of gross profit.

• NBN market share increased to 8.4%, with 788,000 broadband connections, up 15%.

• Mobile services grew 19% to 216,000; fibre network expanded to 2,000 km and 896 connected buildings.

• Recognized as Australia's most trusted telco for four consecutive years.

• Positioned to benefit from NBN's September 2025 high-speed tier upgrades, with 35% of customers eligible.