Key points
- Chorus reported a strong financial performance for FY26 with a 6% growth in fibre revenues.
- Fibre uptake reached 75.9% of serviceable addresses, nearing the 80% target by 2030.
- The company expects FY27 EBITDA between $730 million and $760 million.
- Chorus confirmed a total dividend of 60 cents per share for FY26.
- The company is progressing towards an all-fibre future with copper connections declining significantly.
Full summary
Chorus Ltd reported robust full-year results for FY26, highlighting significant growth in fibre revenues and uptake. The company's operating revenue increased to $1,029 million, with a 6% growth in fibre revenues. Fibre connections reached 1,147,000, with uptake at 75.9% of serviceable addresses. EBITDA grew 3% to $726 million, and net profit after tax was $37 million. Chorus also launched several new infrastructure services and is progressing towards an all-fibre future by bringing forward the copper retirement date to 2028. The company expects FY27 EBITDA between $730 million and $760 million and confirmed a total dividend of 60 cents per share for FY26.
Guidance
FY27 EBITDA expected between $730 million and $760 million
Outlook
Chorus is confident in the long-term outlook for fibre and its ability to create value for customers, communities, and shareholders as demand for high-capacity, reliable, low-latency connectivity grows.