Comms Group lifts FY26 revenue 32% to $74.5m as EBITDA jumps 52%
In its FY26 full year results presentation delivered to the market on 24 August 2026, Comms Group (ASX: CCG) reported a step-change year, with total revenue up 31.6% to $74.5m and underlying EBITDA up 52% to $8.7m, above recent market guidance.
The telecommunications and cloud services provider returned to a statutory profit, recording a Net Profit Before Tax of $1.4m against a $0.6m loss in FY25. Two strategic catalysts featured prominently: the $30m sale of onPlatinum (the ICT business acquired in 2022 for $12m), with completion expected in Q1 FY27, and the full-year contribution from the TasmaNet acquisition.
FY26 result at a glance
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Total revenue: $74.5m (up 31.6%, within the $74m–$75m guidance range)
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Gross profit: $35.5m (up 30.8%)
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Group gross margin: 47.6% (FY25: 47.9%)
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Underlying EBITDA: $8.7m (up 52%)
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Net Profit Before Tax: $1.4m (FY25: $0.6m loss)
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Operating cashflow: $4.7m (up 7%)
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New sales ARR signed: $10.9m (FY25: $10.4m)
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Final dividend: 0.125 cents per share, fully franked
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Financial performance — a step-change year
The scale of FY26 growth reflected a positive mix of organic momentum and the TasmaNet acquisition, which completed on 16 June 2025 and contributed for the full year. Revenue climbed to $74.5m, landing within the company’s recent guidance range.
Management emphasised the quality of the earnings base. Recurring, services and usage fees represented 93.0% of total revenue at $69.3m, up from 92.8% in FY25, underpinning the predictability of the Group’s income.
Operating leverage was also evident. The underlying EBITDA margin improved to 11.7% from 10.1%, as earnings scaled ahead of corporate costs. The result extends a multi-year track record that has seen revenue grow from $19.3m in FY20 to $74.5m in FY26.
The FY26 result built directly on a record first-half performance that had already signalled the scale of the full-year outcome, with 1H FY26 EBITDA surging 87% to $4.5m as the TasmaNet acquisition and organic growth combined ahead of expectations.
For investors, the significance lies in the combination of top-line acceleration and margin expansion, indicating that the acquisition-led strategy is translating into improving profitability rather than growth at the expense of returns.
| Metric | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue ($m) | 51.9 | 55.5 | 56.6 | 74.5 |
| Underlying EBITDA ($m) | 4.8 | 6.6 | 5.7 | 8.7 |
| Gross Profit ($m) | 24.2 | 26.2 | 27.1 | 35.5 |
| EBITDA Margin (%) | 9.3 | 11.8 | 10.1 | 11.7 |
Divisional breakdown
All three divisions delivered revenue and earnings growth during the year:
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Business Communications & Technology (BC&T): revenue of $37.0m (FY25: $24.3m) and underlying EBITDA of $5.1m, driven by the full-year TasmaNet contribution.
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Secure Managed IT Solutions (ICT): revenue of $22.3m (FY25: $19.2m) and underlying EBITDA of $3.6m, up 30%.
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Global Unified Communications: revenue of $15.2m (FY25: $13.1m) and underlying EBITDA of $3.2m, up 112% despite FX headwinds, supported by strong contract wins and low churn.
The onPlatinum sale and balance sheet reset
A central feature of the presentation was the announced $30m sale of onPlatinum, the ICT business, crystallising value against the $12m paid to acquire the business in 2022. Completion is expected in Q1 FY27.
The onPlatinum divestment was announced at the end of June 2026, with $28.5m of the $30m consideration payable upfront in cash upon completion and proceeds earmarked for debt reduction and a direct capital return to shareholders.
Ahead of settlement, the balance sheet has been restated. $18.7m of ICT assets have been classified as held for sale, while net debt stood at $6.3m (FY25: $5.2m), with gearing anticipated to reduce upon settlement of the sale.
During FY26, the Group refinanced its debt facility with Westpac under a new three-year agreement, which includes an undrawn $8.0m acquisition facility. Management outlined capital management priorities following the divestment: reduce debt, then distribute capital to shareholders with various methods under consideration, continue dividends, and pursue accretive M&A opportunities.
Capital Management Priority
“Reduce debt post the sale of onPlatinum, distribute capital to shareholders.”
What unified communications means for Comms Group investors
Comms Group operates across business telecommunications, unified communications and cloud services, serving SME, corporate, government and multinational customers across Australia and internationally.
Unified communications as a service (UCaaS) refers to the cloud-based delivery of voice, video, messaging and collaboration tools, including Microsoft Teams calling. Rather than relying on in-office hardware, these services are hosted in data centres and accessed over the internet.
The relevance for investors sits in the company’s recurring revenue model. With 93.0% of revenue drawn from recurring, services and usage fees, earnings are annuity-style and carry high visibility, offering greater predictability than one-off project income.
The Global business is differentiated by local telco licences across key markets, enabling compliant replacement of traditional public switched telephone network (PSTN) services. Its network spans 65+ countries and includes 15 SuperPoP locations, providing international reach for multinational customers.
Strategy and outlook — a simpler, stronger FY27
Management outlined a roadmap focused on simplification and continued growth. The presentation detailed the following strategic priorities:
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Complete the ICT (onPlatinum) divestment and lower net debt
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Finalise the OneNetwork and OneCloud consolidation programme
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Realise remaining cost synergies and drive operational efficiency
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Expand BC&T go-to-market across mainland Australia and Tasmania
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Continue the international expansion of Global Unified Communications
The company noted that FY27 opens with a strong earnings base, a simpler structure and a growing sales pipeline. Margin improvement is expected as network consolidation and synergy benefits annualise, while ICT sale proceeds are earmarked to reduce net debt and fund growth.
Notably, FY27 guidance has not been provided. The company stated that guidance will be issued as the year progresses, and no specific forecast should be inferred.
The investment case
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Diversified, recurring-revenue business (93% recurring) spanning three growing divisions
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Return to statutory profit alongside 52% underlying EBITDA growth
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$30m divestment set to strengthen the balance sheet and enable shareholder returns
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Fully franked dividend maintained
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International growth optionality via the Global network across 65+ markets
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