Company Reports

Aussie Broadband's fiscal 2026 underlying EBITDA grew 20% to AUD 165 million and broadband connections increased 41% to 1.1 million. Final dividend per share of AUD 0.036 was declared, bringing the total for the year to AUD 0.06, up 50% and fully franked.

Aussie Broadband operates within the highly competitive Australian telecom industry, which has traditionally been dominated by large incumbents such as Telstra, Optus, and TPG Telecom (which also owns Vodafone Australia). The creation of the National Broadband Network has transformed the fixed-line broadband landscape by bringing down entry barriers for a wave of new entrants to the market, including Aussie Broadband.

Shares in Aussie Broadband are down 15% since its trading update on June 15, 2026. This is despite management reiterating fiscal 2026 underlying EBITDA guidance of AUD 162 million to AUD 167 million, and updating investors on the completion and initial integration of recent acquisitions.

Aussie Broadband operates within the highly competitive Australian telecom industry, which has traditionally been dominated by large incumbents such as Telstra, Optus, and TPG Telecom (which also owns Vodafone Australia). The creation of the National Broadband Network has transformed the fixed-line broadband landscape by bringing down entry barriers for a wave of new entrants to the market, including Aussie Broadband.

Aussie Broadband operates within the highly competitive Australian telecom industry, which has traditionally been dominated by large incumbents such as Telstra, Optus, and TPG Telecom (which also owns Vodafone Australia). The creation of the National Broadband Network has transformed the fixed-line broadband landscape by bringing down entry barriers for a wave of new entrants to the market, including Aussie Broadband.

Aussie Broadband's first-half fiscal 2026 underlying EBITDA grew 14% to AUD 75 million, or up 27% excluding the impact of the lost Origin Energy wholesale contract a year ago. Underlying profit was up 41% to AUD 22 million, while interim DPS increased 50% to AUD 0.024 fully franked.

Aussie Broadband plans to acquire AGL Energy's telecom assets for AUD 115 million in shares, with a further AUD 10 million in contingent future scrip consideration. After completion of the deal in June 2026, 350,000 AGL broadband and mobile customers will progressively migrate to Aussie Broadband.

Aussie Broadband is expected to surpass most of its targets in the "Look to 28" strategy. It follows the transitions of More and Tangerine telecoms onto Aussie's wholesale network. We assess the potential next steps.

Aussie Broadband operates within the highly competitive Australian telecom industry, which has traditionally been dominated by large incumbents such as Telstra, Optus, and TPG Telecom (which also owns Vodafone Australia). The creation of the National Broadband Network has transformed the fixed-line broadband landscape by bringing down entry barriers for a wave of new entrants to the market, including Aussie Broadband.

We take a closer look at Aussie Broadband's recently announced agreement to provide wholesale national broadband network services to Commonwealth Bank-backed telecoms More and Tangerine, and its implications for the group's longer-term earnings profile.

Aussie Broadband operates within the highly competitive Australian telecom industry, which has traditionally been dominated by large incumbents such as Telstra, Optus, and TPG Telecom (which also owns Vodafone Australia). The creation of the National Broadband Network has transformed the fixed-line broadband landscape by bringing down entry barriers for a wave of new entrants to the market, including Aussie Broadband.

Aussie Broadband operates within the highly competitive Australian telecom industry, which has traditionally been dominated by large incumbents such as Telstra, Optus, and TPG Telecom (which also owns Vodafone Australia). The creation of the National Broadband Network has transformed the fixed-line broadband landscape by bringing down entry barriers for a wave of new entrants to the market, including Aussie Broadband.

Aussie Broadband stock is up 20% with its fiscal 2025 earnings release. The strong result was accompanied by a wholesale agreement with More and Tangerine Telecom, and the sale of Buddy. The company expects earnings to increase by 12% as a result of the deal.

Aussie Broadband operates within the highly competitive Australian telecom industry, which has traditionally been dominated by large incumbents such as Telstra, Optus, and TPG Telecom (which also owns Vodafone Australia). The creation of the National Broadband Network has transformed the fixed-line broadband landscape by bringing down entry barriers for a wave of new entrants to the market, including Aussie Broadband.

We initiate coverage of Aussie Broadband, a provider of broadband services to households and businesses, as well as wholesale communications solutions to commercial enterprises. It is also a mobile virtual network operator using Optus’ network.