Full Year 2025 Chorus Ltd Earnings Call Transcript

Aug 24, 2025 / 10:00 PM GMT

Transcript

Key Points

Positve

Chorus Ltd (CHRYY) reported a resilient financial performance with a 7% increase in fiber revenue despite macroeconomic challenges.
The company achieved a 5% reduction in electricity use and a 25% reduction in scope 1 and 2 carbon emissions, highlighting its commitment to sustainability.
Operating cash flows were strong, increasing by 9% to 559 million, indicating robust financial health.
Chorus Ltd (CHRYY) successfully maintained operating expenses at 309 million, slightly better than the previous year, despite inflation and regulatory costs.
The company is on track with its strategic shift from a network builder to a network operator, with a focus on simplicity and efficiency.

Negative

Total fiber connections growth was subdued, only increasing by 3% to over 1.1 million.
The property sector's subdued performance due to economic conditions impacted new property development volumes.
There was a 41% decline in total copper lines, reflecting the ongoing exit from copper services.
The Tasman subsea project with Data Grid did not meet investment criteria, leading to the end of the MOU and engagement.
Chorus Ltd (CHRYY) faces challenges in achieving its 80% fiber uptake target by 2030, with current growth rates indicating potential shortfalls.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CNU.NZ - Chorus Ltd
Full Year 2025 Chorus Ltd Earnings Call
Aug 24, 2025 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Mina tenakoto katoa know my hidemai kiti chorus. Good morning and welcome to Chorus's FY25 full year results announcement. I'm Mark Oer, the chief executive. Joining me is Drew Davies, our Chief Operating Officer. I'll begin with an overview of results and key priorities during Horizon one of the strategy reset outlined at our investor day in December last year.

Drew will then take you through the financials and guidance FY26 before I return to discuss the year ahead and the outlook for Horizon 2.

We're pleased to be reporting another resilient result given the broader macro challenges and a weaker New Zealand economy.

Through the year we've made good progress and laid the groundwork for the change in strategy and

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