Aussie Broadband posts 58% first-half profit slide, acquires Infrotrust’s cloud and communications segment
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The news: Aussie Broadband has posted a 58.3% drop in first-half net profit after tax to $5.1 million, despite a lift in revenue and EBITDA, following a goodwill impairment of $14.8 million.
Aussie Broadband also announced it will acquire cybersecurity provider Infotrust’s cloud and communications segment Nexgen Investment Group for a total consideration of $50 million.
The numbers: The first-half NPAT result was ahead of the $23.4 million market consensus expectation, according to Visible Alpha. First-half revenue lifted 8.4% to $637.8 million in the previous corresponding period and EBITDA lifted 13.5% to $74.7 million.
Aussie Broadband declared a fully franked interim dividend of 2.4 cents, behind the 3.4 cents in the previous corresponding period and the 2.7 cents market consensus.
The context: Aussie Broadband saw on-net broadband connections increase by 39,300 to 827,700 over the six months to 31 December 2025. The company's NBN market share also grew by 0.4 points to 8.8%.
The company also told the exchange that it has a "strong growth outlook for Business, Enterprise & Government with higher value contract wins, strong sales pipeline and enhanced SME capability with acquisition of Nexgen".
The acquisition of Nexgen includes an upfront $44.1 million upfront cash consideration and an additional earn out of $5.9 million subject to Nexgen meeting EBITDA targets in FY26 and FY27. The acquisition is expected to be completed at the end of March 2026.
What they said: "H1 FY26 was another successful period for Aussie Broadband as we continued to grow connections organically, secured new customers and partners and laid strong foundations to accelerate growth beyond our Look-to-28 ambitions," Group CEO Brian Mather said.
