Chorus Limited ( (CHRUF) ) has released its Q2 earnings. Here is a breakdown of the information Chorus Limited presented to its investors.
Chorus Limited is New Zealand’s largest fixed-line communications infrastructure company, primarily operating in the telecommunications sector and known for its extensive network of fibre and copper cables. In its latest half-year earnings report for the period ending December 31, 2024, Chorus Limited reported a stable EBITDA of $346 million, despite facing challenges from an ongoing economic recession in New Zealand. However, the company recorded a net loss of $5 million, attributed mainly to accelerated depreciation of its copper assets as it transitions to an all-fibre network. Key financial highlights included a slight decrease in revenue to $500 million, driven by a decline in copper service revenues, while fibre broadband revenues increased by $20 million. The company’s dividend per share rose significantly to 23 cents, reflecting a positive financial strategy despite reduced capital expenditure. Looking forward, Chorus Limited remains focused on managing costs and optimizing its fibre network, while navigating the impacts of economic conditions and regulatory factors.