FY25 Appendix 4E and Full Year Statutory Accounts
| Stock | Comms Group Ltd (CCG.ASX) |
|---|---|
| Release Time | 28 Aug 2025, 9:01 a.m. |
| Price Sensitive | Yes |
FY25 Appendix 4E and Full Year Statutory Accounts
- Revenue increased 2.1% to $56.6m
- Underlying EBITDA decreased 13.6% to $5.7m
- Net loss after tax of $0.6m, up 500% from prior year
- Acquisition of TasmaNet business for $9.4m completed in June 2025
Comms Group Limited reported a solid financial performance for the year ended 30 June 2025, with revenue increasing 2.1% to $56.6m. This was driven by organic growth, particularly in the Global business, and the inclusion of the TasmaNet business acquired on 16 June 2026. Underlying EBITDA decreased 13.6% to $5.7m, primarily due to investment in new sales and support positions within the Global business, the inclusion of a significant number of one-off revenues from a key Global customer in the prior year, and some cost of sales pressures within the SME division. The company recorded a net loss after tax of $0.6m, up 500% from the prior year, which was impacted by acquisition, integration, restructuring and other one-off costs of $2.4m, share-based payments of $0.4m, amortisation of intangibles of $1.4m, and interest expense of $0.8m. The company's financial position has improved, with cash on hand increasing from $3.6m to $5.5m and net assets increasing from $31.8m to $36.7m, including the $9.4m acquisition of TasmaNet. The acquisition of TasmaNet, a leading provider of premium communication and managed IT services in Tasmania, was completed in June 2025 and is expected to further strengthen the company's position in the domestic market.