Chorus Limited (ASX: CNU) announces the release date for its half-year financial results. The Company will unveil its performance for the six months ended 31 December 2025 on 23 February 2026. This chorus half year results 2026 announcement marks a crucial checkpoint for New Zealand’s largest digital infrastructure operator.
The telecommunications infrastructure provider recently delivered strong FY25 results with EBITDA of NZD 705 million. Investors will closely watch the Chorus Limited financial results February 2026 for insights into the Company’s all-fibre business strategy.
Chorus Limited Financial Results February 2026 Briefing Details
The chorus half year results 2026 announcement will be accompanied by a comprehensive investor briefing. The Company has scheduled the presentation for 10:00 AM New Zealand time on 23 February 2026. Stakeholders can access the briefing through a live webcast at www.chorus.co.nz/webcast.
For those preferring audio participation, pre-registration is required. Participants must register online at https://s1.c-conf.com/diamondpass/10051847-hg6t5r.html to receive dial-in credentials. The system will provide the dial-in number, passcode, and PIN via calendar invite.
Strong FY25 Performance Sets Foundation
Chorus delivered resilient FY25 results ending 30 June 2025. The Company achieved operating revenue of NZD 1,014 million with EBITDA of NZD 705 million. Operating cash flows reached NZD 559 million, representing a 9% increase year-on-year.
The dividend rose 21% to 57.5 cents per share for FY25. Fibre revenue growth of 7% largely offset legacy revenue decline. Fibre broadband revenue reached NZD 745 million whilst copper-based broadband fell to NZD 56 million.
Industry Outlook and Market Dynamics
New Zealand’s digital infrastructure sector demonstrates solid fundamentals despite economic headwinds. The broadband market continues evolving with fibre establishing superiority over fixed wireless alternatives. Chorus maintains approximately 72.1% fibre uptake across its network, connecting 1,106,000 fibre broadband customers.
The telecommunications infrastructure market shows strong growth trajectories. Infrastructure revenue reached approximately NZD 155 million annually with Horizon 2 targets of NZD 180 million to NZD 200 million by 2030. Data centre connectivity projects 10% to 15% compound annual growth driven by cloud migration and artificial intelligence development.
FY26 Guidance and Performance Metrics
Chorus provided FY26 guidance indicating continued operational strength. The Company projects EBITDA between NZD 710 million and NZD 730 million for the full year. Sustaining capital expenditure is expected within the NZD 195 million to NZD 215 million range.
The chorus half year results 2026 announcement will reveal progress against these ambitious targets. Gross capital expenditure guidance sits between NZD 375 million and NZD 415 million. The Company maintains its dividend guidance at 60 cents per share, demonstrating confidence in cash generation.
Copper Network Retirement Progress
The Company’s copper retirement programme achieved significant milestones in FY25. Total copper connections declined 41% to 92,000 lines remaining. Copper lines in Chorus fibre areas dropped to just 13,000 connections, with a shutdown expected by mid-2026.
Copper retirement delivers substantial cost benefits. Direct copper operating expenses reduced to NZD 45 million in FY25 from NZD 54 million previously. The Company recycled 1,090 tonnes of cable, contributing NZD 3 million in revenue during a successful trial.
Regulatory Environment and Market Position
The regulatory landscape provides certainty through the Price-Quality Path 2 (PQP2) period. The framework extends through calendar year 2028 with a weighted average cost of capital of 7.68%. The Regulatory Asset Base reached NZD 4,911 million at 31 December 2024.
Maximum allowable revenue shows strong fundamentals. The PQP1 wash-up balance totals NZD 153.5 million carried forward. Chorus earned very close to the 2024 MAR according to Information Disclosure reporting released 31 May 2025.
Technology and Network Capabilities
Chorus operates a highly reliable and scalable fibre network. The infrastructure proved resilient with 96% of data traffic flowing over fibre. Recent speed upgrades boosted residential 50 Mbps plans to 100 Mbps and 300 Mbps plans to 500 Mbps.
Hyperfibre connections reached approximately 5,000 customers on 2 Gbps-plus plans. The network supports approximately 1,300 Optical Line Terminal nodes connecting 1.3 million Optical Network Terminals. Artificial intelligence applications will further validate fibre’s superiority over fixed wireless alternatives.
Customer Experience and Market Position
Net Promoter Scores demonstrate fibre’s competitive advantage over alternatives. Fibre achieves an NPS of 50 compared to negative scores for fixed wireless. Consumer monitoring shows 85% consideration for fibre versus 55% for fixed wireless.
The Chorus NZ half year earnings report 2026 will likely address retention and acquisition metrics. The Company targets 80% fibre uptake by 2030, requiring approximately 240,000 new connections. Marketing efforts focus on awareness, consideration, and preference building.
Share Price Performance
Chorus shares currently trade at AUD 8.030 per share on the ASX. The stock has traded within a 52-week range of AUD 6.900 to AUD 8.960 per share. The Company maintains a market capitalisation of AUD 3.47 billion, reflecting its essential infrastructure position.
FAQs
Q1: When will Chorus release its half-year results for December 2025?
Chorus will release its half-year results on Monday, 23 February 2026.
Q2: How can investors access the results briefing?
Investors can watch the live webcast at www.chorus.co.nz/webcast or join via audio after pre-registering online.
Q3: What time is the Chorus results presentation scheduled?
The briefing is scheduled for 10:00 AM New Zealand time on 23 February 2026.
Q4: What is Chorus’s current financial guidance for FY25?
Chorus guides EBITDA of AUD 700 million to AUD 720 million and sustaining capex of AUD 200 million to AUD 220 million.
