New Zealand telco Chorus swings to full-year profit
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The news: New Zealand telco Chorus swung to a full-year profit of NZD4 million ($3.6 million) in the 2025 financial year, having slumped to a NZD9 million loss last year, even as the company flagged revenue headwinds from the retirement of its legacy services.
The numbers: Analysts has expected a full-year net profit of NZD13.5 million, according to consensus data compiled by Visible Alpha.
The Wellington-based company saw revenue edge up year on year from NZD1.010 billion to NZD1.014 billion. This compared to the NZD1.02 billion predicted by analysts.
EBITDA of NZD705 million was up from NZD700 million last year, and towards the bottom end of its NZD700-720 million guidance range. Chorus has guided for EBITDA between NZD710 million and NZD730 million in FY26.
It will pay total dividends of 57.5 NZ cents per share, improved from last year's payout of 47.5 NZ cents per share, and topping estimates of 57 NZ cents per share. The company has guided for a 4.3% uplift to 60 NZ cents per share next year.
The context: Chorus said it was a "resilient result" despite a "difficult year for the New Zealand economy."
The company saw a NZD39 million decline in revenue from its legacy copper connections, which was "more than offset" through continued growth in fibre connections and the average revenue per user, it said.
Fibre connections grew by 31,000 during the year, now making up 92% of Chorus' fixed lines, while average revenue per user grew 5.9% to NZD58.98.
The source: ASX
