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Aussie Broadband Limited (ASX:ABB)

ALERT: Price-sensitive ASX Announcement for ABB
Current share price for ABB : $4.200 -0.85 (-16.83%)+
Announcement
Release
24 Aug 2026 8:07AM
Price at Release
$5.050
Full Release
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Summary
In the financial year ending 30 June 2026 (FY26), Aussie Broadband Limited achieved significant growth and strategic progress. The company reported a 19.6% increase in underlying EBITDA to $165.3 million and a 9.2% rise in revenue to $1,295.4 million. Key achievements included the successful migration of More and Tangerine services, the acquisition of AGL Telco, and a strategic partnership with AGL, which have enhanced Aussie Broadband's scale and customer acquisition capabilities. The company also completed the acquisition of Nexgen, strengthening its small and medium business capability. With over 1.11 million on-net broadband connections, Aussie Broadband’s market share of NBN services increased to 12.1%. The company has announced plans to drive further growth in FY27, projecting an underlying EBITDA between $205 million and $215 million, and is focused on realizing the benefits of its recent transactions.
Key Points
  • Aussie Broadband reported a 19.6% increase in underlying EBITDA to $165.3 million.
  • Revenue grew by 9.2% to $1,295.4 million.
  • More and Tangerine services migration completed in June 2026.
  • Acquisition of AGL Telco and strategic partnership with AGL.
  • Acquisition of Nexgen to enhance small and medium business services.
  • On-net broadband connections exceeded 1.11 million.
  • NBN market share increased to 12.1%.
  • Projected FY27 underlying EBITDA between $205 million and $215 million.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.