1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
Preparing video
Key points :
Strong connection growth driven by AGL (ASX:AGL) telco migration and 11,000 organic net addsBroad-based growth across residential, business, enterprise, government and wholesale segmentsFocus on operating leverage with a stated path to higher EBITDA margins by FY28
Brian Maher, CEO of Aussie Broadband (ASX:ABB) outlines expectations for continued earnings growth in FY27, guiding underlying EBITDA to between $205–$215 million. Maher states that total connections rise by more than 120,000 since 30 June, driven by the migration of AGL telco customers, alongside about 11,000 net organic additions in the first eight weeks of the year. The AGL migration, covering roughly 350,000 broadband and mobile services, is expected by Maher to be completed in Q2, after which growth is set to revert to an organic pace.
Maher highlights broad-based strength across residential, business, enterprise, government and wholesale, with mobile connections up about 22% year on year. He points to operating leverage as a key theme, noting EBITDA margin expansion of 1.2 percentage points in the last year and signalling a target of around 30.5% by FY28, supported by scale benefits in people and network costs.
On market conditions, Maher describes a highly competitive front-book environment shaped by NBN’s annual wholesale price cycle, with recent retail price rises aimed at protecting margins. The balance sheet is presented as strong, with leverage of 0.9x, a $115 million buyback, a 50% dividend increase to 6 cents, and capacity for further organic and inorganic growth.
