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$3.83


1H FY25 highlights (vs 1H FY24 on a pro-forma basis)

• Revenue grew 6.8% to $588.5 million. The addition of Symbio has further diversified the Group’s revenue, with Residential’s share reducing from 64% to 56%

• Gross margin grew 7.5% to $217.6 million

• Underlying EBITDA grew 8.9% to $65.8 million with disciplined cost management and improved productivity & efficiency

• Total on-net broadband connections grew to 727,951, up 12.5%

• NBN Market share (excluding satellite and historical Origin connections) grew 0.8 ppt to 7.8%

• Signed significant deals with The Reject Shop, Auto & General, and Ventora Group

• Symbio is delivering higher gross margin due to revenue growth in the core business. It remains on track to deliver earnings growth of 30% YoY with an EBITDA contribution of $38 million by end of financial year

• Symbio is on track to realise $8-$12 million synergies by FY26 exit, and is now profitable in Singapore

• The Board have declared a fully franked interim ordinary dividend of 1.6 cents per share and a fully franked special dividend of 2.4 cents per share


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