Half Year 2026 Aussie Broadband Ltd Earnings Call Transcript
Key Points
- Aussie Broadband Ltd (ASX:ABB) reported double-digit growth across all segments, with underlying EBITDA up 13.5% and revenue growth of 8.4% to $637.8 million.
- The company declared a fully franked interim ordinary dividend of $0.04 per share, up 50% from the previous year.
- Aussie Broadband Ltd (ASX:ABB) continues to lead in high-speed broadband, with 69% of connections on speeds of 100 megabits or higher and a 43% market share in 2GB plans.
- The successful launch of the enhanced nitrogen platform is set to enable large-scale migrations, providing a material lift to earnings from FY27.
- The acquisition of AGL Telco and NextGen is expected to significantly increase connections and earnings, with AGL Telco alone adding $235 million in revenue and $21 million in underlying EBITDA in the first 12 months post-migration.
- The company faces competitive pressures in the market, with pricing strategies from competitors potentially impacting margins.
- There is a negative EBITDA impact of approximately $2 million in FY26 from the divestment of the cloud business, Digital Sense Hosting.
- The company's net debt position increased from $101.2 million to $139.2 million, partly due to share buybacks and special dividends.
- Aussie Broadband Ltd (ASX:ABB) has decided to refine its fiber strategy, focusing on less capital-intensive on-net buildings, which may limit future expansion opportunities.
- The sale of Digital Sense Hosting resulted in a one-off non-cash impairment to goodwill of $14.8 million, reflecting challenges in the cloud market for smaller players.
Thank you for standing by, and welcome to the Aussie Broadband Limited H1 FY26 results call. (Operator Instructions)
I would now like to hand the conference over to Mr. Brian Maher, CEO. Please go ahead.
Good morning, and welcome to today's call for the Aussie Broadband Group FY26 half year results.
My name is Brian Maher, and I'm the Aussie Broadband Group CEO, and I'm joined on the call by our CFO, Andy Giles Knopp.
Also available on the call today are three group executives, Jonathan Prosser, Aaron O'Keefe, and Michael Amros, who are present to answer any specific questions you may have.
As previously disclosed, Andy will be leaving the business shortly, and I would like to take this opportunity to thank him for his outstanding contribution to Aussie and wish him well, but not too well in his next role.
Also, as announced, I welcome our new CFO Darren Rowland, who has commenced with us today. I look forward to Darren's contribution and I'm sure many
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