New Zealand · Delayed Price · Currency is NZD Chorus Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 delivered higher earnings and cash flow, with dividends rising to NZD 0.60 per share. Strategy remains focused on 80% fibre uptake by 2030, copper retirement by 2028 and disciplined adjacent growth.
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Fibre connections and revenues grew strongly in FY 2026, with EBITDA up 3% and net profit rising to NZD 37 million. The company accelerated copper retirement, launched new infrastructure products, and guided for continued fibre-led growth, higher dividends, and disciplined capital management.
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Fibre connections and revenues grew strongly, with EBITDA and net profit improving year-over-year. Cost discipline, copper retirement, and digital inclusion initiatives supported robust results, while guidance was raised to the upper end of the EBITDA range.
Fiscal Year 2025
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The meeting reviewed strong financial growth, increased dividends, and progress on fiber expansion and digital equity. Board re-elections and auditor fees were approved, with strategic focus on network transition, AI adoption, and public-private partnerships for future infrastructure.
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Delivered strong fiber revenue growth and stable EBITDA despite macroeconomic headwinds, with continued copper exit and cost discipline. FY2026 guidance anticipates further fiber uptake, ongoing CapEx reduction, and a higher dividend, while regulatory and market trends support long-term growth.
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Half-year results were steady despite recessionary pressures, with flat EBITDA, a slight revenue decline, and continued fibre uptake growth. Regulatory clarity for fibre through 2028 and disciplined cost management support the transition to an all-fibre business.
Fiscal Year 2024
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A new strategy targets 80% fibre uptake by 2030, a full copper exit, and 25% infrastructure revenue growth, supported by operational efficiency, asset optimization, and new adjacent business opportunities. Regulatory stability and a focus on digital equity and sustainability underpin the plan.
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The meeting highlighted strong financial results, a higher dividend, and a strategic shift to an all-fibre network by 2030. Key governance, risk, and people initiatives were discussed, with resolutions on board appointments and remuneration approved.
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FY 2024 saw strong financial performance with 4% EBITDA growth and 3% revenue increase, driven by rising fiber uptake and disciplined cost management. Strategic reset targets 80% fiber uptake by 2030, with updated capital management and regulatory clarity supporting future growth.