InvestSMART

Comms Group Ltd (ASX:CCG)

ALERT: Price-sensitive ASX Announcement for CCG
Current share price for CCG : $0.080 -0.006 (-6.98%)+
Announcement
Release
24 Aug 2026 9:21AM
Price at Release
$0.086
Full Release
download
Summary
Comms Group Ltd reported a significant financial performance for FY26, achieving record revenue and profit. The company's revenue increased by 31.6% to A$74.5 million, while the underlying EBITDA rose by 52% to A$8.7 million. The net profit before tax turned positive to A$1.4 million from a previous loss, driven by the successful integration of TasmaNet and the growth of the Global Unified Communications business. The sale of the ICT business segment, onPlatinum, for A$30 million, is expected to simplify the group's structure. Looking forward to FY27, the company plans to focus on completing the onPlatinum sale, consolidating networks, and expanding globally.
Key Points
  • Group revenue increased by 31.6% to A$74.5 million.
  • Underlying EBITDA rose by 52% to A$8.7 million.
  • Net profit before tax improved to A$1.4 million.
  • Successful integration of TasmaNet, contributing full-year revenue.
  • Sale of the onPlatinum ICT business for A$30 million.
  • Focus on global expansion and network consolidation for FY27.
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.