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Aussie Broadband Limited (ASX:ABB)

ALERT: Price-sensitive ASX Announcement for ABB
Current share price for ABB : $5.360 0.13 (2.49%)+
Announcement
Release
23 Feb 2026 9:21AM
Price at Release
$5.230
Full Release
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Summary
Aussie Broadband Limited (ABB) reported significant growth in its broadband connections, achieving a market share of 8.8% with an increase in underlying EBITDA by 13.5% compared to the previous period. The company continues to focus on enhancing its Aussie Fibre network and high-speed connection capabilities, with strategic investments in platforms for scaled customer migrations. ABB's strong financial position, with a net leverage ratio below 1.0x, enables it to pursue organic growth and potential mergers and acquisitions. The realignment into key segments has improved customer outcomes, and ABB aims to become the third largest NBN service provider by 2026. A fully franked interim dividend of 2.4 cents was declared, highlighting its commitment to shareholder returns.
Key Points
  • Aussie Broadband (ABB) experienced a 14% growth in broadband connections and achieved an 8.8% NBN market share in H1 FY26.
  • The company reported an underlying EBITDA of $74.7 million, reflecting a 13.5% increase compared to the previous corresponding period.
  • ABB's strategy focuses on enhancing its Aussie Fibre network and achieving high-speed connection capabilities, with nearly 70% of connections on 100 Mbps or higher.
  • The Nitrogen platform was enhanced to facilitate large-scale customer migrations, expected to drive significant earnings uplift from FY27.
  • Aussie Broadband's financial flexibility is strong, with a net leverage ratio below 1.0x, supporting continued growth and potential mergers and acquisitions.
  • The company realigned its structure into three key segments: Residential, Business, Enterprise & Government, and Wholesale to drive better customer and financial outcomes.
  • ABB aims to become the third largest NBN service provider by the end of 2026, with more than 1.25 million connections projected.
  • The company declared a fully franked interim dividend of 2.4 cents, reflecting its commitment to returning value to shareholders.
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.