Aussie Broadband Ltd. (AU:ABB) has released an update.
Aussie Broadband Ltd. anticipates a strong close to FY24, expecting EBITDA at the top end of the $116m to $121m range, bolstered by steady growth in broadband connections. Looking ahead, the company projects a significant EBITDA increase for FY25, estimating $135m to $145m before the launch of its new digital brand, Buddy Telco, which is set to contribute positively from FY27. Capital expenditure guidance for FY25 is set between $55m to $60m, with savings anticipated due to network capacity expansions.
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