• Delivered underlying EBITDA at top end of guidance in FY25
• Strong Q1 FY26 trading with 41.6% revenue growth and 100% EBITDA growth
• On track to achieve annualised run-rate revenue of $75m+ and EBITDA of $9m-$10m

Comms Group Ltd, a specialised communications and managed IT services provider, has reported its FY25 results and provided a Q1 FY26 trading update. In FY25, the company delivered total revenue of $56.6 million, up 2% on the prior corresponding period, and underlying EBITDA of $5.7 million, which was at the top end of guidance. The company's gross margin increased to 47.9%, the highest in the last 5 years, driven by strong pricing and cost management. Comms Group signed new business contracts worth $10.4 million in annual recurring revenue, a 35% increase compared to the prior year. The company also finalised the acquisition of Tasmanian telco TasmaNet during the year. For Q1 FY26, Comms Group reported unaudited revenue of $19.4 million, up 41.6% compared to the prior corresponding period, and unaudited underlying EBITDA of $2.2 million, an increase of 100%. The company's TasmaNet integration is on track, and it remains on target to achieve an annualised run-rate revenue of $75 million+ and an annualised run-rate underlying EBITDA of $9 million to $10 million. Comms Group's strategic priorities include a focus on the corporate mid-market and government sectors, upselling to existing strategic accounts, and leveraging its Asia-Pacific footprint to provide services to multinational corporations. The company is also pursuing organic and inorganic growth opportunities to add new capabilities and is working on digital transformation to implement common Group-wide systems.

Comms Group is on track to achieve an annualised run-rate revenue target of $75m+ and an annualised run-rate underlying EBITDA target of $9m to $10m.

Comms Group's strategic priorities include a focus on the corporate mid-market and government sectors, upselling to existing strategic accounts, and leveraging its Asia-Pacific footprint to provide services to multinational corporations. The company is also pursuing organic and inorganic growth opportunities to add new capabilities and is working on digital transformation to implement common Group-wide systems.