Aussie Broadband (ABB) H2 2025 earnings summary

Executive summary

• Achieved group revenue of $1,187.1 million for FY25, up 18.7% year-over-year, with underlying EBITDA of $138.2 million, a 14.7% increase at the top end of upgraded guidance.

• Broadband connections grew 15% to 788,400, with NBN market share rising to 8.4%.

• Symbio contributed $39.4 million to EBITDA, up 35% pro forma, with $6 million in synergies realized.

• Launched a new three-year strategy, 'Look to 28', targeting $1.6 billion revenue and 1 million connections by 2028.

• Strategic focus on high-speed plans, fibre expansion, digital transformation, and exclusive wholesale partnerships underpin growth.

Financial highlights

• Gross margin improved to 36.7%, up 0.6 percentage points year-over-year.

• Operating cash flow before interest and tax was $117.3 million, with cash conversion at 84.9%.

• Underlying NPATA increased 6.5% to $55.8 million; EPS (underlying NPATA) was 19.0 cents.

• Fully franked dividends totaled 6.4 cents per share, including a special dividend.

• CapEx was $77 million, at midpoint of guidance, with $18 million invested in fibre network expansion.

Outlook and guidance

• FY26 underlying EBITDA guidance of $157–$167 million, representing 14–21% growth.

• CapEx guidance for FY26 reduced to $55–$60 million.

• Anticipates achieving 1 million connections by end of FY26, ahead of 2028 target.

• Strategic ambitions for FY28 include >$1.6 billion revenue, >11% NBN market share, and >20% EPS CAGR.

• Focus remains on organic growth, productivity, digital capabilities, and strategic acquisitions.