Key Highlights

  • FY26 revenue rose 9.2% to almost $1.3 billion, with underlying EBITDA up 19.6% to $165.3 million.
  • FY27 underlying EBITDA guidance of $205 million to $215 million was reaffirmed, alongside capital expenditure of $60 million to $65 million.
  • Broadband connections added so far in FY27 exceed 193,000, taking the Group total above 1.3 million.
  • Ordinary fully franked dividends rose 50% to 6 cents per share, and a buyback of up to $115 million is under way.

Aussie Broadband Limited (ASX:ABB) used its Annual General Meeting on 23 October 2026 to reaffirm FY27 guidance for underlying EBITDA of between $205 million and $215 million, and capital expenditure of between $60 million and $65 million. The company also reported that year-to-date broadband additions have lifted total connections above 1.3 million.

FY26 Results Recapped for Shareholders

Chair Adrian Fitzpatrick described FY26 as a transformational year, in which the group completed four strategic transactions within six months and the largest migration in NBN history. Group revenue increased 9.2% to $1,295.4 million, while underlying EBITDA rose 19.6% to $165.3 million, at the top end of upgraded guidance. Underlying NPATA reached $70.2 million and earnings per share increased 25.8% to 23.9 cents. Operating cash flow before interest and tax rose 42.5%.

Ordinary fully franked dividends increased by 50%, from 4 cents to 6 cents per share. In August the company announced an on-market buyback of up to $115 million, and more than 11.7 million shares, or 37% of the total buyback, had been purchased to date.

Connections, Migrations and Mobile

Broadband connections grew by 323,000, or 41%, to 1.11 million by June, and NBN market share rose 3.7 percentage points to 12.1%. Mobile services grew 22% to 263,000, with international roaming launched in May and eSIM capability in August.

Chief Executive Brian Maher said the AGL Telco migration should finish by the end of October at about 320,000 broadband and mobile connections. AGL continues to offer telco services under its own brand, and the company's five-year goal is 500,000 connections. The More and Tangerine migration added 269,000 broadband services, and short-term volume effects flagged in August have been mitigated, with modest growth in October to date. Wholesale connections are expected to return to growth in the second quarter of FY27.

Why This Could Matter

Management said the reaffirmed guidance implies EBITDA growth of 24% to 30% in FY27, as migrated customers contribute a full year of earnings. The company described FY27 as the year to complete migrations and embed acquired teams, with FY28 the point at which scale benefits are expected to show more fully. It stressed that its Look-to-28 targets are ambitions rather than guidance.

Excluding AGL, More and Tangerine customers, connections grew by 18,800 year to date, including 11,000 in Residential. Management said the short-term disruption from handling several migrations at once should ease within weeks.

Where Things Stand

At 20 October 2026 the group had 1,304,750 broadband connections, against 1,111,374 at June. Management listed its priorities as organic growth, completing integration, realising transaction benefits, improving productivity and executing on Look-to-28.