Chorus Limited (AU:CNU)
ASX:CNU
Earnings Data
Report Date
Aug 24, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.02Same Quarter Last Year
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted solid operational momentum in the core fibre business: connection growth, rising ARPU, strong usage trends, margin expansion (EBITDA up) and tangible cost savings from legacy exit. Management maintained guidance with expectations to be in the upper half of the EBITDA range and reiterated disciplined capital allocation and shareholder returns. Key challenges remain around macroeconomic and inflationary pressures, the accelerating decline of copper revenues, regulatory/NIFFCo sale uncertainty (which could affect S&P treatment), and near‑term modest proceeds from copper recycling. On balance the positives — recurring fibre revenue growth, improving profitability, clear execution plans for brownfield infill and operational efficiencies — outweigh the manageable headwinds and timing risks.Company Guidance
Fibre Connections and Uptake Growth
Total fibre connections increased 3% to over 1.1 million; overall uptake rose to 72.4%. UFB1 areas at ~75%, UFB2 areas at 63%, and several areas have already exceeded the 80% uptake target. Over 4 out of 5 customers are now on 500 Mbps plans or higher.
Revenue and Profitability Improvements
Fibre broadband revenues grew 7% (~$26 million). Total revenues were $506 million (+$6 million year‑on‑year). EBITDA was $357 million, up $11 million versus the prior half. Net profit after tax was $15 million compared to a loss of $5 million in the prior comparable half. ARPU rose ~4% to $57.73.
Operational Efficiency and Cost Reductions
Total operating expenses fell 3% (~$5 million) to $149 million. Labour costs declined ~4% to $41 million following a restructured operating model and ~100 fewer roles (a 12% reduction in roles). Depreciation & amortisation reduced by $19 million as copper assets were accelerated in the prior period.
Strong Usage Trends Supporting Future Demand
Average monthly usage increased to 722 GB in January (+12% year‑on‑year). 20% of fibre customers now use more than 1 TB per month. Peak event usage grew ~14%, and hyperfibre connections are adding ~500 connections per month, supporting demand for higher‑speed plans and future ARPU upside.
Capital Discipline, Guidance and Shareholder Returns
Gross CapEx H1 was $158 million (sustaining $79m, growth $79m). Interim dividend declared of $0.24 unimputed and FY dividend guidance maintained at $0.60 unimputed. FY '26 EBITDA guidance remains $710–730 million and management expects to be in the upper half of that range; CapEx guidance $375–415 million with management expecting the lower half.
Progress on Copper Retirement and Operational Savings
Only ~3,000 copper lines remain in UFB areas; 54,000 copper lines remain in non‑fibre areas (declining). Over 400 copper cabinets were powered down in H1. Reactive fault spend reduced by $4 million and truck rolls were down 22%, demonstrating tangible operational savings from legacy exit.
New Products, Data Centre Reach and Property Pipeline
Launched an Equity Fibre product to support digital inclusion (targeting households that cannot afford meaningful digital access). Express Connect is now in 5 data centres (plan to double by year‑end). Delivered 11,000 lots in H1 with a pipeline supporting ~20,000–25,000 lots p.a.
Balance Sheet and Credit Positioning
Regulated Asset Base (RAB) increased to $5.98 billion (core RAB $5.11bn). Net debt was $3.2 billion. Leverage metrics provide headroom vs. rating thresholds: Moody's down driver 5.25x (Chorus ~4.8x) and bank covenant 5.5x (Chorus ~4.49x). About 70% of interest rate exposure fixed for the next 3 years.
AU:CNU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AU:CNU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2024 | AU$6.46 | AU$6.39 | -1.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Chorus Limited (AU:CNU) report earnings?
Chorus Limited (AU:CNU) is schdueled to report earning on Aug 24, 2026, After Close (Confirmed).
What is Chorus Limited (AU:CNU) earnings time?
Chorus Limited (AU:CNU) earnings time is at Aug 24, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What is the P/E ratio of Chorus Limited stock?
The P/E ratio of Chorus Limited is N/A.
What is AU:CNU EPS forecast?
Currently, no data Available