• Revenue up 18.7% to $1.2 billion, with underlying EBITDA of $138.2 million
• Signed 6-year wholesale agreement with More Telecom, adding 290,000 connections
• Launched new Nitrogen wholesale platform to power the More Telecom migration

Aussie Broadband delivered strong financial results in FY25, with revenue up 18.7% to $1.2 billion and underlying EBITDA reaching $138.2 million, at the top end of upgraded guidance. The company's Residential segment continued to see strong growth, while the Business, Enterprise and Government segment also won new customers. Aussie Broadband's Wholesale segment was boosted by the signing of a 6-year agreement with More Telecom, which will see around 290,000 More and Tangerine connections hosted on the Aussie network by the end of FY26. This agreement is expected to contribute $12 million in annualised EBITDA from FY27. The migration of the More and Tangerine customers will be powered by Aussie's new Nitrogen wholesale platform, which was first used to migrate Symbio's NBN services earlier this year. The company also highlighted its progress in growing its Aussie Fibre network, which now spans almost 2,000 kilometres with 896 connected buildings. Aussie Broadband remains committed to its 'Look-to-28' strategy, with a focus on continued growth and customer service excellence.

Aussie Broadband expects the More Telecom agreement to contribute $12 million in annualised EBITDA from FY27, based on the migrated volumes. There is no expected material financial impact from the agreement in FY26.

Aussie Broadband remains focused on its 'Look-to-28' strategy, with ambitions to grow revenue beyond $1.6 billion and achieve an 11%+ share of the NBN market by FY28. The company is also aiming to reduce the contribution of its Residential segment to no more than 60% of total revenue.