Aussie Broadband (ABB) H2 2026 earnings summary

Executive summary

• Achieved strong organic growth and executed strategic transactions, strengthening the growth platform across all segments and becoming the third largest nbn provider in Australia.

• Upgraded long-term ambitions ahead of schedule, now targeting higher market share and profitability by FY 2028.

• NBN market share rose to 12.1%, with broadband connections exceeding 1.1 million (+41% YoY).

• Strategic repositioning and partnerships (AGL, CommBank Yello) broadened channels and customer reach.

• Net profit after tax attributable to members rose 7% year-over-year to $35.3 million.

Financial highlights

• Revenue grew 9.2% to $1,295.4m compared to the previous year, with a compound annual rate of 30% since 2021.

• Underlying EBITDA rose 19.6% to $165.3m; EBITDA margin expanded by 1.2ppts to 12.8%.

• Underlying NPATA and EPSA increased by 25.8%, outpacing revenue growth.

• Operating cash flow before interest and tax up 42.5% to $167.2m.

• Ordinary dividend increased 50% to 6.0 cents per share, fully franked.

Outlook and guidance

• FY27 underlying EBITDA guidance: $205m–$215m, representing 24–30% growth; capex guidance: $60m–$65m.

• Upgraded FY28 ambition to revenue >$2.0bn, EBITDA margin >13.5%, NBN market share >17%.

• Focus for FY27 is on realizing benefits from recent acquisitions, completing AGL Telco migration, and driving organic growth.