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Aussie Broadband Acquires AGL Telco Assets, Enters Strategic Partnership

Aussie Broadband has signed an agreement to acquire the telecommunications business of AGL Energy, including its customer assets. The acquisition will add an estimated 350,000 broadband and mobile connections to Aussie Broadband's customer base, and the companies have also entered a long-term exclusive partnership to drive continued growth.

The agreement is expected to deliver estimated revenue of approximately $235 million and underlying EBITDA of approximately $21 million in the 12 months following migration. Aussie Broadband expects to grow AGL Telco connections (excluding voice services) to more than 500,000 over five years. Following the migration, Aussie Broadband is expected to become the third largest NBN service provider, with broadband connections expected to exceed 1.25 million and almost 400,000 mobile connections.

CSL Reports 1H26 Results

CSL reported 1H26 revenue of $8.3 billion (down 4% at constant currency) and NPATA of $1.9 billion (down 7% at constant currency), impacted by government policy changes and one-off restructuring costs. However, the company's transformation program is progressing well, delivering value through organizational simplification and growth investments.

CSL maintained its FY26 guidance, expecting revenue growth of ~2-3% and NPATA growth (excluding restructuring costs and impairments) of ~4-7%, both at constant currency. The company has a strong balance sheet with robust cash flows and has expanded its share buyback to US$750 million.

Southern Cross Electrical Engineering Secures $75 Million in Contracts

Southern Cross Electrical Engineering Limited has announced the award of $75 million in new contracts, including works in Western Australia, New South Wales, and the ACT. The awards demonstrate the geographic diversity and breadth of sectors the group operates in, with many of the packages being repeat works for particular clients or sites.

Santos Releases 2025 Annual Reserves Statement and Additional Guidance

Santos Ltd reported proved plus probable (2P) reserves of 1,484 million barrels of oil equivalent (mmboe) at the end of 2025, up 13 mmboe before production. The company also provided additional guidance on its 2025 full year results, including expected revenue, cost of sales, impairment losses, and other financial metrics.

Commonwealth Bank of Australia Reports Strong 1H26 Results

CBA delivered a strong 1H26 performance, with 6% growth in cash NPAT and disciplined volume growth across key segments. The bank maintained stable margins in a competitive environment and deepened customer relationships, driving strong transaction balance growth. CBA maintained a strong capital position, supporting franchise growth and dividends.

The bank expects inflation to remain above the Reserve Bank's target band for some time, placing further upward pressure on interest rates. CBA will continue to support its customers with their financial resilience and invest in technology and frontline teams to improve customer experiences.