• Broadband connections up 5% to 827,683 services
• NBN market share expanded to 8.8%
• Entered 6-year Wholesale Services Agreement with More Telecom
• Realigned business into segment-led operating structure

Aussie Broadband Limited delivered strong revenue and EBITDA growth in the half-year ended 31 December 2025, underpinned by continued broadband and mobile momentum, improved operating leverage, and disciplined capital management. Key highlights include a 5.0% increase in broadband connections to 827,683 services, representing net growth of 39,272 connections, and an expansion of the company's NBN market share (excluding satellite) to 8.8%, up from 8.4% at 30 June 2025. The group also entered into a six-year Wholesale Services Agreement with More Telecom, expected to add approximately 290,000 connections upon migration, providing a significant platform for future earnings growth. Additionally, the business realigned into a segment-led operating structure to strengthen customer focus and enhance financial accountability. Gross profit margin moderated slightly to 36.3% from 37.0% in the corresponding prior period, reflecting mix, the company's pricing strategy, and competitive dynamics, but was in line with gross margin in the 6 months ending 30 June 2025. Operating expenses as a percentage of revenue improved from 25.8% to 24.6%, evidencing operating leverage and improved productivity as the group scales. Revenue increased 8.4% to $637.8m, reflecting continued customer growth and favourable market dynamics, while EBITDA (before one-off costs) rose 13.5% to $74.7m, demonstrating improved productivity and cost discipline across the business. Profit after tax for the half-year was $5.1m, including an impairment on goodwill of $14.8m. Operating cash flow increased to $29.4m, up $13.1m on the corresponding prior period, and capital expenditure was $16.9m.