Highlights

• Aussie Broadband bought back another 298,835 shares on 24 September 2026 for approximately AU$1.25 million, extending its ongoing on-market capital-management program.
• FY26 revenue increased 9.2% to AU$1.295 billion, while underlying EBITDA climbed 19.6% to AU$165.3 million.
• Management is targeting FY27 underlying EBITDA of AU$205 million to AU$215 million as customer migrations, scale benefits and productivity initiatives contribute.

Aussie Broadband Accelerates Share Buy-Back

Aussie Broadband Limited (ASX: ABB) released its latest daily buy-back notification on 25 September 2026, providing a fresh update on the telecommunications group's capital-management program. ABB was trading at a CMP of AU$4.200.

The company purchased 298,835 ordinary shares on 24 September for total consideration of approximately AU$1.254 million. The company repurchased the shares at prices between AU$4.130 and AU$4.230. Before those purchases, Aussie Broadband had already repurchased 5,546,932 shares for approximately AU$23.04 million.

The latest activity takes cumulative shares repurchased to 5,845,767. Based on the disclosed consideration, cumulative spending has reached approximately AU$24.29 million.

How Large Is the Buy-Back Program?

The on-market program forms part of Aussie Broadband's broader approach to capital allocation. The company intends to acquire shares worth up to AU$115 million, subject to a maximum of 29,257,604 securities under the applicable limit. The program commenced on 7 September 2026 and is scheduled to remain open until 6 September 2027.    

Following the 24 September purchases, 23,411,837 shares remained available under the disclosed maximum-number framework.    

FY26 Earnings Show Operating Leverage

The capital-management initiative follows a stronger FY26 financial performance announced on 24 August 2026. Revenue advanced 9.2% to AU$1.295 billion, while underlying EBITDA increased 19.6% to AU$165.3 million. Underlying NPATA rose 25.8% to AU$70.2 million and underlying NPAT improved 41.8% to AU$52.4 million.   

 Reported NPAT stood at AU$35.3 million, compared to AU$32.8 million in FY25. Operating cash flow strengthened 42.5% to AU$167.2 million, while cash conversion improved to 101.2%.    

The underlying EBITDA margin expanded by 1.2 percentage points to 12.8%, reflecting greater scale, cost discipline and productivity benefits despite competitive pricing conditions.

Customer Scale Continues to Expand

Operationally, on-net broadband connections reached 1.11 million at 30 June 2026, representing 41% growth compared to the prior corresponding period. Aussie Broadband's on-net NBN market share increased by 3.7 percentage points to 12.1%. Mobile services also expanded by 48,000 connections to 263,000, an increase of 22%.    

Strategic activity has also reshaped the group's growth platform. The More and Tangerine migration was completed in June, while the AGL Telco migration was progressing toward expected completion in Q2 FY27. The Nexgen acquisition has further expanded Aussie Broadband's capabilities in the small and medium business market.

Dividend Growth Adds to Capital Returns

Aussie Broadband lifted its FY26 ordinary dividend to 6.0 cents per share, with the final 3.6-cent distribution fully franked. The final distribution was paid on 21 September 2026.    

What Could Drive ABB in FY27?

Management expects FY27 underlying EBITDA of AU$205 million to AU$215 million, implying growth of 24% to 30% compared to FY26. Capital expenditure is expected to range between AU$60 million and AU$65 million.    

For investors, the key variables now extend beyond the buy-back itself. Progress on AGL Telco integration, renewed wholesale connection growth, organic subscriber additions and delivery of productivity benefits will be important indicators of whether Aussie Broadband can convert its enlarged customer base into sustained earnings growth. With the shares at AU$4.200, the ongoing AU$115 million buy-back adds another capital-management dimension to an FY27 story increasingly centred on integration, scale and operating leverage.

Note- All data presented is based on information available at the time of writing.

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