Key Highlights

  • Aussie Broadband said broadband connections reached 1,304,750 as at 20 October 2026, up 193,376 since 30 June 2026.
  • The company reaffirmed FY27 guidance of underlying EBITDA of A$205 million to A$215 million and Capital Expenditure of A$60 million to A$65 million.
  • Its on-market buyback of up to A$115 million had bought more than 11.7 million shares, about 37 per cent of the total programme.

Aussie Broadband Limited (ASX:ABB) used its 23 October 2026 Annual General Meeting presentation to report that broadband connections had reached 1,304,750 as at 20 October 2026, up 193,376 since 30 June 2026. The company reaffirmed FY27 guidance of underlying EBITDA between A$205 million and A$215 million and capital expenditure of A$60 million to A$65 million. The EBITDA range represents growth of roughly 24 to 30 per cent on the FY26 result of A$165.3 million, according to the company's figures. Guidance was first given with the FY26 results.

Where the connections came from

Management said most of the year-to-date increase came from migrations rather than organic growth. Excluding the AGL, More and Tangerine migrations, organic growth was 18,800 connections, of which Residential contributed 11,000.

Connections by segment, 30 June 2026 and 20 October 2026:

  • Residential (excluding Buddy): 682,601 and 879,292
  • Business, Enterprise and Government: 92,579 and 96,109
  • Wholesale: 336,194 and 329,349
  • Total: 1,111,374 and 1,304,750

Wholesale connections fell by 6,845 over the period. The company said short-term Volume effects on the migrated More and Tangerine connections have been mitigated, and that October showed modest growth to date. It expects customer disruption and operational noise from the migrations to dissipate "in the next few weeks".

FY26 results recap

The presentation restated FY26 results: group Revenue of A$1,295.4 million, up 9.2 per cent; underlying EBITDA of A$165.3 million, up 19.6 per cent, at the top end of upgraded guidance; underlying NPATA of A$70.2 million, up 25.8 per cent; and Operating Cash Flow before interest and tax of A$167.2 million, up 42.5 per cent. The fully franked ordinary Dividend was 6.0 cents per share, up from 4.0 cents, split between a 2.4 cent interim and 3.6 cent final. Underlying measures are non-IFRS figures, and reconciliations sit in the FY26 results presentation rather than this document.

Connections at 30 June 2026 were 1,111,374, up 323,000 on the year, giving a 12.1 per cent share of the NBN market. Mobile services grew 22 per cent, and international roaming and eSIM launched in May and August 2026 respectively.

Transactions and integration

The company completed four strategic transactions within six months. The AGL Telco Acquisition completed in June 2026, with migration of about 320,000 broadband and mobile connections expected to finish by the end of October 2026 and a five-year target of 500,000 connections. The More and Tangerine wholesale migration added 269,000 broadband services, and the Nexgen acquisition, which broadens the Business and government offering, is performing in line with expectations. Management described FY27 as the year for completing migrations and embedding acquired teams, with the benefits of scale expected to show in Earnings in FY28.

Capital management and board

An on-market buyback of up to A$115 million, announced in August 2026, had bought more than 11.7 million shares, about 37 per cent of the total programme. On the board, Phillip Britt and Graeme Barclay have left, Jean-Baptiste Rousselot has been recently appointed, and the company said it is well progressed in searching for one additional director. Darren Rowland joined as group chief financial officer earlier in 2026.

Risks and caveats

The presentation says the upgraded Look-to-28 ambitions are ambitions, not guidance, and carry risks beyond the company's control. Forward-looking statements by Aussie Broadband (ASX:ABB) may differ materially from outcomes, and the completion of the AGL migration by the end of October 2026 is a company expectation not yet confirmed.