Original article by Jenny Wiggins
The Australian Financial Review – Page: 17 : 25-Feb-25
Aussie Broadband has posted a 2024-25 interim net profit of $12.2m, which is 24 per cent higher than previously. The result was boosted by factors such as the sale of its stake in Superloop following a failed takeover bid. The company recorded 12.5 per cent growth in broadband connections during the half-year, to more than 727,000 in total. Brian Maher, who will become CEO on 1 March, concedes that the take-up rate for the company’s new low-cost Buddy Telco brand has been below expectations, with a total of 6,484 customers at the end of 2024; Buddy has added 2,131 new customers so far in 2025.
CORPORATES
AUSSIE BROADBAND LIMITED – ASX ABB, BUDDY TELCO PTY LTD, SUPERLOOP LIMITED – ASX SLC