• Total revenue of $56.6m, up 2% on prior year
• Gross profit increased to $27.1m with gross margin of 47.9%
• Underlying EBITDA of $5.7m at top end of guidance

Comms Group Ltd has reported its FY25 results, with total revenue of $56.6m, up 2% on the prior year. The company's global division saw strong revenue growth, while services and recurring revenue also increased compared to FY24. Group gross margin increased to 47.9%, with overall gross profit rising to $27.1m. Underlying EBITDA was $5.7m, at the top end of the company's guidance, though this was down 12.7% on the prior year due to investment in additional resources for the global business. The company signed a record level of new business contracts in FY25, with $10.4m in new annual recurring revenue compared to $7.5m in the prior year. Comms Group also finalised the acquisition of Tasmanian telco TasmaNet during the year, with the integration tracking to expectations. The company declared a final dividend of 0.125 cents per share, bringing the total dividends for FY25 to 0.25 cents per share.

The company expects its annualised EBITDA, including the TasmaNet acquisition, to be in the range of $9m to $10m.

Comms Group expects to see strong growth in FY26 as new sales contracts and acquisitions flow through. The company will focus on reducing debt levels post the TasmaNet acquisition, while also investing to maintain its competitive advantage and pursuing further strategic growth opportunities.