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Chorus Limited (ASX:CNU)

ALERT: Price-sensitive ASX Announcement for CNU
Current share price for CNU : $8.060 -0.04 (-0.49%)+
Announcement
Release
23 Feb 2026 7:31AM
Price at Release
$8.100
Full Release
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Summary
Chorus Limited reported a robust financial performance for the first half of the financial year ending on 31 December 2025, driven by continued fibre growth and efficiency gains. Operating revenue increased to $506 million, with a 7% rise in fibre broadband revenue, which offset the decline in legacy copper services. The company achieved an EBITDA of $357 million and a net profit after tax of $15 million. Chorus continued its transition towards an all-fibre network, with fibre connections reaching 1.13 million. The company also focused on simplifying its operations by retiring copper connections, with full withdrawal expected in Chorus fibre areas by mid-2026. An interim dividend of 24 cents per share was announced, reflecting a 4% increase from the previous year. The financial results were supported by strategic initiatives, including network simplification and capital discipline, enabling Chorus to adapt to evolving connectivity needs.
Key Points
  • Chorus reported an increase in operating revenue to $506 million.
  • Fibre broadband revenue grew by 7% to $387 million.
  • EBITDA reached $357 million, up 3% from the previous year.
  • Net profit after tax was $15 million, compared to a net loss of $5 million the previous year.
  • Total fibre connections increased by 31,000 to 1.13 million.
  • Fibre uptake reached 72.4% of serviceable addresses.
  • Copper connections reduced by approximately 60,000, with only 3,000 remaining in Chorus fibre areas.
  • Full withdrawal of copper expected by mid-2026.
  • An interim dividend of 24 cents per share was declared, up 4% from the previous period.
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.