Comms Group Limited (ASX:CCG) Stock Falls — What Investors Need to Know

Sonal Goyal

21 October 2026 03:22 PM AEDT

Comms Group Limited (ASX:CCG) Stock Falls — What Investors Need to Know

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Key Highlights

Comms Group Limited (ASX:CCG) shares traded at $0.078 on 21 October 2026, down 9.30%.
Comms Group’s FY26 results, dated 24 August 2026, show revenue of $74.5 million, up 31.6%, and underlying EBITDA of $8.7 million, up 52%.
The company announced the $30.0 million sale of its onPlatinum ICT business and declared a final fully franked dividend of 0.125 cents per share.

Comms Group Limited (ASX:CCG) shares fell 9.30% to trade at $0.078 during the trading session on 21 October 2026, while the S&P/ASX 200 (XJO) stood at 8,809.20, down 7.70 points or 0.087%. Comms Group’s latest ASX announcement, dated 24 August 2026, reports its results for the year ended 30 June 2026 (FY26).

About Comms Group

Comms Group Limited is a business-focused telecommunications and cloud services provider delivering communications, collaboration, connectivity, cloud and technology services to organisations in Australia and internationally. It operates through its Business Communications & Technology (BC&T) and Global Unified Communications divisions, along with the Secure Managed IT Solutions (ICT) business that is being sold.

FY26 financial results

Group revenue was $74.5 million, up 31.6% from $56.6 million, and gross profit was $35.5 million (FY25: $27.1 million). Underlying EBITDA rose to $8.7 million from $5.7 million, net profit before tax was $1.4 million compared with a loss of $0.6 million, and underlying NPATA was $4.1 million, up 41.4%. Net cash inflow from operating activities was $4.7 million (FY25: $4.4 million).

New sales contracts signed in FY26 carried annual recurring revenue (ARR) of $10.9 million, compared with $10.4 million in FY25.

Divisional performance

BC&T revenue was $37.0 million, up 52.2%, with underlying EBITDA of $5.1 million, up 21.4%, including about $0.6 million of duplicated mainland network costs. Revenue excluding TasmaNet reduced marginally after a nil-margin legacy IT services contract ended in November 2025. ICT revenue was $22.3 million, up 16.1%, with underlying EBITDA of $3.6 million, up 30%.

Global Unified Communications revenue was $15.2 million, up 16.0%, with underlying EBITDA of $3.25 million, up 112%, and a segment margin of 21.4% against 11.7%. APAC excluding Australia made up 80% of new sales in the division, including contracts in Japan, the Philippines and Vietnam, and a contract of about $1.2 million ARR with a foreign government organisation for services in Asia.

onPlatinum sale and TasmaNet integration

On 29 June 2026 Comms Group announced the sale of onPlatinum, its ICT business, to Thinkex Pty Ltd (efex) for $30.0 million, with completion expected by the end of Q1 FY27. The company plans to reduce debt and provide a capital return or special distribution after settlement.

TasmaNet, acquired in mid-June 2025, contributed $15.6 million of revenue and $1.7 million of underlying EBITDA in FY26. The group consolidated three domestic networks into one national network and two private cloud platforms into one, a program about 90% complete, with annualised savings of at least $0.8 million expected in FY27.

Capital management

The company refinanced its Westpac term loan under a new three-year facility, including an undrawn $8.0 million acquisition facility and a $1.0 million equipment finance facility. A final fully franked dividend of 0.125 cents per share was declared, taking FY26 dividends to 0.25 cents per share.

Sector context

Telecommunications and cloud services providers often grow through acquisitions and then consolidate networks and platforms to remove duplicated costs. Recurring revenue measures such as ARR are commonly reported alongside earnings.

Divesting a business can simplify a group and provide funds for debt reduction or capital returns, with timing tied to settlement.

Risks and uncertainties

The onPlatinum sale has not yet settled, and details of the capital distribution will follow only after completion. TasmaNet experienced churn during its prior receivership, and consolidation of networks and cloud platforms is still being finalised.

Revenue excluding TasmaNet reduced marginally in BC&T, duplicated network costs continue until the program completes, and the company said FY27 guidance will be provided as the year progresses.

What's next

Priorities listed for FY27 include completing the onPlatinum sale, reducing net debt, finalising the OneNetwork and OneCloud consolidation, refining the domestic go-to-market and continuing the international expansion of Global Unified Communications. Settlement of the sale is anticipated by the end of Q1 FY27.

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