Aussie Broadband has reported another year of strong growth, closing FY25 with group revenue approaching $1.2 billion (AUD 1,187.1 million) — an 18.7% year-on-year increase. The results underscore the company’s momentum across both consumer and enterprise markets, while also highlighting its strategy to balance organic growth with strategic partnerships and brand rationalisation.
The growth was broad-based, with on-net broadband connections rising 15.2% to 788,400, an increase of 104,100 services. This expansion lifted Aussie Broadband’s NBN market share to 8.4%, up 1.1 percentage points.
Financially, the business delivered an underlying EBITDA of $138.2 million, at the top end of guidance and up 14.7% from FY24. Net profit after tax (NPAT) rose 24.5% to $32.8 million, while net profit after tax and amortisation (NPATA) grew 6.5% to $55.8 million. The company declared a fully franked final dividend of 2.4 cents per share, bringing its total FY25 dividend payout to 6.4 cents, including a special dividend.
Symbio and enterprise momentum
Aussie Broadband’s Symbio division was a standout, generating $39.4 million in EBITDA, up 35% year-on-year on a pro forma basis, and achieving $6 million in cost synergies. Beyond its consumer base, the company secured multiple enterprise and government customers and signed 183 wholesale partnerships, building a robust pipeline for FY26 and beyond.
The company also realised $11 million in savings through productivity initiatives and cost management, which supported its ability to reinvest in infrastructure while maintaining a strong balance sheet.
Strategic partnerships and brand reshaping
A major move this year was the signing of a six-year wholesale services agreement with More Telecom. The deal will see Aussie Broadband provide NBN services to More and its sister brand Tangerine Telecom. From FY27, the agreement is expected to contribute around $12 million in annualised EBITDA, based on forecast migration volumes.
In a related step, Aussie Broadband agreed to sell its Buddy Telco brand and associated customers to Tangerine in a deal estimated at $8 million, set to close in the second half of FY26. Importantly, Buddy connections will continue to run on the Aussie Broadband network under the new wholesale arrangement, ensuring continuity for customers.
Looking ahead
CEO Brian Maher said the results reflect the company’s commitment to sustainable growth and ongoing investment in infrastructure:
“Over the year, we took the opportunity to increase our investment in core platforms and capacity to ensure Aussie Broadband is well positioned for long-term growth with a secure and resilient network. We also continued to expand our owned Aussie Fibre network, focusing on on-net and near-net buildings to improve utilisation and maximise return on invested capital.”
Maher also pointed to the company’s “Look-To-28” strategy, unveiled in April, which outlines Aussie Broadband’s ambitions for the next three years — positioning the business to capitalise on enterprise demand, wholesale opportunities, and further expansion of its fibre footprint.
With strong financials, expanding partnerships, and a clear roadmap, Aussie Broadband is setting itself up as not just a consumer broadband challenger, but a serious enterprise and wholesale player in Australia’s telecommunications sector.