ABB Half Year Results

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Stock Aussie Broadband Ltd (ABB.ASX)
Release Time 24 Feb 2025, 8:29 a.m.
Price Sensitive Yes
 Aussie Broadband upgrades EBITDA guidance, reports strong financial results
Key Points
  • Revenue grew 6.8% to $588.5 million
  • Gross margin grew 7.5% to $217.6 million
  • Underlying EBITDA grew 8.9% to $65.8 million
Full Summary

Aussie Broadband Limited (ASX: ABB) has released its financial results for the six months ended 31 December 2024, showcasing significant growth across key metrics and greater market share. The company has also upgraded its underlying EBITDA guidance for FY25. Key highlights include: revenue grew 6.8% to $588.5 million, gross margin grew 7.5% to $217.6 million, and underlying EBITDA grew 8.9% to $65.8 million on a pro-forma basis. The company's Residential, Business, Enterprise & Government, and Wholesale segments all delivered strong performance, with the addition of Symbio further diversifying the Group's revenue. Aussie Broadband has also announced a new business structure, with three divisional business units focused on its core customer segments. The company looks forward to sharing more on its strategic priorities and 3-year plan at an Investor Day on 10 April 2025.

Guidance

Aussie Broadband has upgraded its underlying EBITDA guidance for FY25 to $133 million to $138 million (previously $125 million to $135 million). The company has also revised its capex guidance upwards by $20 million to the new range of $75 million to $80 million.

Outlook

Aussie Broadband is focused on organic growth and pursuing acquisition opportunities as they arise and if they align with the company's strategic objectives. The company looks forward to sharing more on its strategic priorities and 3-year plan at an Investor Day on 10 April 2025.