EarningsQ4 2026 Earnings Report
DE:7CH Q4 2026 EPS Results
Actual EPS€0.03
Consensus EPS€0.05
Beat/MissMissed by -€0.02
One Year Ago EPS€0.01
DE:7CH Q4 2026 Revenue Results
Actual Revenue€267.57M
Expected Revenue€265.01M
Beat/MissBeat by +€2.56M
YoY Revenue Growth+1.95%
Earnings Announcement Details
QuarterQ4 2026
Date08/24/2026
TimeTBA
Conference CallMonday, August 24, 2026
DE:7CH Upcoming Earnings
Chorus Limited's next earnings date is estimated for February 15, 2027, based on past reporting schedules.
Q4 2026 Earnings Call Audio
DE:7CH Q4 2026 Earnings Call
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Q4 2026 Earnings Slide Deck
Q4 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a broadly positive operational and financial picture driven by continued fiber uptake, revenue growth in fiber, modest EBITDA expansion, strong cash generation and strategic progress (product launches, copper retirement, asset revaluation). Key challenges include the rapid decline of legacy copper revenues, some cost and weather-related maintenance pressures, rating/leverage uncertainty tied to the NIFF securities sale, and subdued property development. On balance the highlights—sustained fiber growth, improving profitability and cash flow, product pipeline and meaningful asset revaluation—outweigh the lowlights, which are largely transitional or one-off in nature.Company Guidance
Fiber connections and uptake growth
Fiber connections rose ~3% to over 1.1 million connections, with overall fiber uptake reaching 75.9% (UFB1 77.3%, UFB2 67.5%). Management highlights ~400,000 addresses passed but not yet connected as an addressable growth pool.
Revenue and ARPU momentum in fiber
Total fiber broadband revenue increased 6% (approximately $47 million year-on-year), driven by ~32,000 net new fiber connections and an ARPU increase of ~2% to $59.51.
EBITDA, profit and cash generation
EBITDA rose 3% to $726 million (upper end of guidance); operating cash flow increased 4% to $740 million. Net profit after tax improved materially to $37 million from $4 million in FY'25.
Strong data demand and network usage growth
Total network traffic grew nearly 10% year-on-year. Average monthly fiber usage hit 731 GB per connection (up 9%); 21% of fiber customers consume >1 TB/month and 5% consume >2 TB/month, supporting long-term demand for high-capacity services.
Operational efficiencies and cost discipline
Operating expenses decreased by $6 million (2%) year-on-year. Labor costs were down ~5% to $81 million, network maintenance reduced (truck rolls down ~23%) and other discretionary spend was tightly controlled.
Progress on copper retirement and recycling
Copper-to-fiber transition accelerated: fewer than 1,000 copper lines remain in fiber areas and 48,000 copper lines were disconnected during the year. Copper cable recycling contributed ~$4 million of EBITDA in FY'26 with estimated cumulative returns of $50–$70 million to 2030.
Capital allocation and shareholder returns
Gross CapEx was $375 million (down $35 million), reflecting project phasing. Total FY'26 dividend increased 4.3% to $0.60 per share; FY'27 dividend guidance is a minimum $0.62 per share (3.3% increase). FY'27 guidance: EBITDA $730–760 million and CapEx $375–415 million.
Balance sheet and regulatory developments
Net debt $3.2 billion (up $72 million); weighted average interest rate on debt reduced to 4.95%. RAB increased by ~$101 million to ~$6.0 billion. Positive regulatory movement expected (removal of prior shareholder caps) and independent revaluation uplifted network assets by $983 million, increasing equity by ~$708 million net of deferred tax.
New products and growth pipeline
Launched and expanded products (Express Connect, Unified Transport, TimeSync) and exploring medium-term opportunities including BESS trials (5-site, 3–5 MW trial sizes) and an inter-island subsea cable feasibility study with indicative subsea CapEx of $60–80 million over ~3 years.
DE:7CH 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