■ Increase · August 24, 2026
Chorus FY26 Results: Profit Up, Fibre Uptake Rises, Dividend Increased 4%
Chorus Limited reported strong FY26 results with net profit surging to $37m, fibre uptake at 75.9%, and a 4% dividend increase to 60.0 cps.
FY26 Financial Highlights
Chorus Limited (CNU) reported a robust financial performance for the fiscal year ended August 23, 2026. Revenue and EBITDA both grew during the period, with net profit surging to $37 million. The company's fibre uptake reached 75.9%, reflecting continued customer adoption of its fibre network.
Dividend and Balance Sheet
The board declared a final dividend of 60.0 cents per share, representing a 4% increase over the prior year. This increase aligns with the company's policy of returning cash to shareholders while maintaining financial flexibility. Additionally, Chorus revalued its network assets, which strengthened the balance sheet and increased reported equity.
FY27 Outlook
Management provided guidance for fiscal 2027, indicating expectations of continued growth in revenue and EBITDA. The company remains focused on expanding fibre uptake and delivering operational efficiencies. The revaluation of network assets is expected to support future borrowing capacity and investment in network upgrades.
What it means for income investors
The 4% dividend increase marks the latest in a series of annual hikes, supported by steady cash flow from a growing fibre customer base. With a solid balance sheet and positive guidance, the dividend appears well-covered by earnings, though future increases will depend on sustained operational performance.
Reporting based on: TradingView. Figures verified against market data where available.