InvestSMART

Comms Group Ltd (ASX:CCG)

ALERT: Price-sensitive ASX Announcement for CCG
Current share price for CCG : $0.082 -0.004 (-4.65%)+
Announcement
Release
24 Aug 2026 9:18AM
Price at Release
$0.086
Full Release
download
Summary
Comms Group Limited's Preliminary Final Report for the year ended 30 June 2026 highlights a significant improvement in financial performance, with revenue from ordinary activities rising by 31.6% to $74.5 million. The underlying EBITDA increased by 51.8% to $8.7 million, and the company turned a net profit of $1.2 million, reversing a previous loss of $0.6 million. This improvement is attributed to the full-year contribution of the TasmaNet business acquired in June 2025, and substantial organic growth within their Global and ICT businesses. A final fully franked dividend of 0.125 cents per share was declared, and the company maintained a Dividend Reinvestment Plan. Despite these positive results, the Group reported negative net tangible assets as of 30 June 2026. The financial statements have been audited, confirming the accuracy of the reported results.
Key Points
  • Revenue up 31.6% to $74.5 million.
  • Underlying EBITDA up 51.8% to $8.7 million.
  • Net profit of $1.2 million from a previous loss of $0.6 million.
  • Full year trading impact from TasmaNet acquisition.
  • Significant organic growth in Global and ICT businesses.
  • Final fully franked dividend of 0.125 cents per share.
  • Negative net tangible assets reported.
  • Financial statements audited with no disputes.
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.