• Revenue increased 32% to $588.5m
• Net profit after tax up 23.8% to $12.2m
• Broadband connections grew 6.4% to 728,000

Aussie Broadband Limited has reported its interim financial results for the half-year ended 31 December 2024. The company generated revenue of $588.5m, an increase of 32.0% compared to the prior corresponding period, driven by growth in broadband subscribers and other revenue streams, as well as the inclusion of Symbio's results following its acquisition in February 2024. Net profit after tax increased 23.8% to $12.2m. The company saw substantial growth in EBITDA (before restructuring and integration costs) to $65.8m, up 42.1% on the first six months of the prior financial year. Broadband connections grew by 6.4% to 728,000, and the company's NBN market share, excluding satellite, is now 7.8%. Gross profit percentage increased from 34.6% to 37.0%, though operating expenses as a percentage of revenues increased from 24.2% to 25.8% due to the higher proportion of operating expenses in the Symbio business. The company also sold its remaining stake in Superloop Limited for $99.6m, realizing a profit before tax of $42.4m. Net borrowings (inclusive of lease liabilities) at 31 December 2024 were $101.1m, down from $138.0m at 30 June 2024, with $120m of borrowings repaid during the half-year. The company paid an inaugural dividend of 4.0 cents per share in September 2024 and has now declared an interim ordinary dividend of 1.6 cents per share and a special dividend of 2.4 cents per share, both fully franked, to be paid on 24 March 2025.

The company has not provided any specific forward-looking financial guidance in the announcement.