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Chorus (CNU) briefings

Read that company's published results in release order, newest first.

Chorus (CNU)FY26Released 24 August 2026

Chorus PBT rose 228.6% but a tax swing drove NPAT's 825% jump

NPAT's 825% rise reflects a lower 46.4% tax rate, making the 228.6% PBT gain the more reliable read on operating performance.

Published 24 August 2026

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Chorus (CNU)HY26Released 23 February 2026

Leverage rose to 8.89x EBITDA as equity fell 35% to $430m

Capex stepped down 18.1% and FCF reached $149m, but borrowings rose $449m and cash conversion slipped below the historical range.

Published 23 April 2026

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Chorus (CNU)FY25Released 25 August 2025

Chorus FY25: equity fell 32.6% as gross debt rose 19.5% on flat earnings

A step-up in free cash flow to $354m did not prevent net debt/EBITDA rising from 3.7x to 4.3x while the dividend was lifted 21.1%.

Published 23 April 2026

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Chorus (CNU)HY25Released 24 February 2025

Operating profit up 9.9% but PBT collapsed 94.6% on financing costs

Revenue and EBITDA both grew, but a heavier debt load drove PBT to NZ$2m and NPAT to a NZ$5m loss while the dividend was lifted.

Published 22 April 2026

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Chorus (CNU)FY24Released 26 August 2024

EBITDA grew 3.7% but PBT collapsed 80.2% as finance costs erased operating gains

Net debt climbed past $2.5bn and leverage rose to 3.7x EBITDA, yet the final dividend was lifted 35.7% while NPAT fell into loss.

Published 22 April 2026

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Chorus (CNU)HY24Released 12 December 2023

Headline 141.8% revenue jump clashes with HY23 figures the company itself cites

Prior-comparable values in the analytical pack diverge sharply from the HY23 base the release describes, leaving underlying operating growth unclear.

Published 22 April 2026

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Chorus (CNU)HY23Released 15 December 2022

PBT collapsed 72.1% on flat 0.8% revenue as below-EBITDA costs absorbed result

FY23 EBITDA guidance was lifted to $675-690m, but the tax rate jumped to 47.1% and the 17c dividend implies a 425% payout of NPAT.

Published 22 April 2026

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