Australia's Aussie Broadband rises on upbeat results, revised forecast

Aussie Broadband

24/02/2025 24:04

** Shares of Aussie Broadband  ABB.AX  rise 4.2% to A$3.990
    **Stock earlier rose to A$4.290, marking its highest level
since May 13, 2024 
    ** Internet service provider posts HY NPAT of A$12.2 million
 ($7.77 million), up 23.8% from last year
    ** Co upgrades underlying EBITDA guidance to be between
A$133 million and A$138 million, from the previous range of
A$125 million to A$135 million
    ** Uplift in guidance and ABB's reiteration of its
commitment to reach 100,000 subscribers for Buddy in the next
2-3 years illustrate the Group's confidence in its growth
trajectory - Citi
    ** Co raises FY capex guidance by A$20 million
    ** Stock up 11.5% YTD, including session's moves 


($1 = 1.5699 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)
 ((Jasmeenaraislam.shaikh@thomsonreuters.com))