Jefferies sees robust margins, steady subscriber growth for Aussie Broadband

Aussie Broadband

12/08/2025 24:19

** Jefferies says review into Aussie Broadband ABB.AX shows no sign of unusual discounting in residential, giving confidence in gross margins across core residential, wholesale and business segments

** Brokerage expects subscriber growth in residential and business to remain in line with recent trends, while enterprise and government offering has strengthened

** Flags key watch points include gross margin stability, second-half subscriber additions, update on enterprise/government pipeline, potential wholesale customer to replace Origin Energy ORG.AX , and FY28 strategic ambitions

** Notes broadband market remains relatively benign and ABB is penetrating most segments

** Adds recent board strengthening seen as positive despite founder reducing stake below 5%

** Brokerage has A$4.55 PT and "buy" rating on stock

** Stock up 26.8% YTD

 (Reporting by Rishav Chatterjee in Bengaluru)

 ((Rishav.Chatterjee@thomsonreuters.com;))