In its FY26 full-year results for the period ended 30 June 2026, Comms Group (ASX:CCG) delivered record operating revenue of $74.5m, up 31.6% on the prior corresponding period (pcp).
The business-focused telecommunications and cloud services provider recorded a 52% lift in Underlying EBITDA to $8.7m and swung to a Net Profit Before Tax of $1.4m, reversing a -$0.6m loss in FY25.
The result capped a year of structural change. A full-year contribution from TasmaNet, the announced $30.0m sale of the onPlatinum ICT business, and a Westpac refinance reshaped the group’s operating profile.
A final fully franked dividend of 0.125 cents per share was declared, taking total FY26 dividends to 0.25 cents per share.
FY26 full-year results at a glance
The headline financials showed broad-based improvement across revenue, earnings and profitability, with the year marking a return to Net Profit Before Tax rather than a loss.
| Metric | FY26 (A$M) | FY25 (A$M) | Change |
|---|---|---|---|
| Operating Revenue | 74.5 | 56.6 | +31.6% |
| Gross Profit | 35.5 | 27.1 | |
| Underlying EBITDA | 8.7 | 5.7 | +52% |
| Net Profit/(Loss) Before Tax | 1.4 | (0.6) | Return to profit |
| Underlying NPATA | 4.1 | 2.9 | +41.4% |
| Net Cash Inflow from Operations | 4.7 | 4.4 |
The swing to profitability stands out. After a modest loss in FY25, the group returned to a Net Profit Before Tax of $1.4m, while Underlying NPATA rose 41.4% to $4.1m.
The record first-half results, which showed EBITDA surging 87% to $4.5m on revenue of $37.6m, established the earnings trajectory that the full-year performance ultimately confirmed, with the interim dividend declaration signalling management confidence in sustained cash generation.
CEO Commentary
“FY26 was a transformative year for Comms Group. We delivered record revenue and underlying EBITDA, and a full year contribution from TasmaNet alongside the continued scaling of our Global Unified Communications business.”
“Growing revenue and underlying EBITDA whilst completing the TasmaNet transition and integration and finalising the sale of our ICT business is a major achievement, and a testament to the dedication of the incredible team we have at Comms Group,” said Peter McGrath, Chief Executive Officer.
When big ASX news breaks, our subscribers know first
Divisional performance drove the growth
Growth was recorded across all three operating divisions, with margin expansion evident in both the Global and ICT segments.
Business Communications & Technology (BC&T)
BC&T revenue reached $37.0m, up 52.2% from $24.3m pcp, supported by a full-year TasmaNet contribution. Underlying EBITDA rose 21.4% to $5.1m.
The division carried approximately $0.6m of duplicated mainland network costs, the majority of which is expected to be removed by the end of Q1 FY27. Revenue excluding TasmaNet dipped marginally following the November 2025 termination of a nil-margin legacy IT contract, with no impact on divisional earnings.
Global Unified Communications
Global revenue grew 16.0% to $15.2m from $13.1m pcp. Underlying EBITDA of $3.25m was up 112%, with the segment margin expanding to 21.4% from 11.7% pcp.
APAC (excluding Australia) accounted for 80% of new sales in FY26, with Australia at 12% and the rest of the world at 8%. Japan, the Philippines and Vietnam were noted as particularly strong markets.
Secure Managed IT Solutions (onPlatinum / ICT)
The ICT business recorded revenue of $22.3m, up 16.1% from $19.2m pcp. Underlying EBITDA rose 30% to $3.6m, lifting the margin to 16.1% from 14.5%.
This division is the subject of the announced $30.0m divestment covered below.
The $30.0m onPlatinum sale reshapes the group
On 29 June 2026, the group announced the sale of onPlatinum, its Secure Managed IT Solutions business, to Thinkex Pty Ltd (efex) for $30.0m. Completion is expected by the end of Q1 FY27.
The onPlatinum divestment announcement confirmed the Global and Wholesale Unified Communications division as the primary growth engine for the continuing two-division business, with the proceeds directed toward debt reduction and a capital return to shareholders.
The company stated the divestment simplifies the group and sharpens its focus on cloud and unified communications, domestic telecommunications and global services. The sale includes a number of mainland customers transferred from the TasmaNet acquisition, along with the mainland OneCloud (IaaS) nodes in Brisbane and Sydney.
On capital management, Comms Group has announced plans to reduce debt and provide a capital return or special distribution to shareholders. Further details are anticipated following settlement, which is expected by the end of Q1 FY27.
Understanding unified communications and why the pivot matters
With onPlatinum being divested, the group is concentrating on higher-value, AI-enabled communications.
Planned expansion areas include agentic AI contact centre solutions, AI-based transcription, analytics and sentiment capabilities, advanced Microsoft Teams services, and managed security. This higher-value focus is intended to strengthen cross-sell opportunities across the group’s core customer base.
Record new sales and the TasmaNet turnaround
Record ARR wins
New contracts signed across the group totalled a record $10.9m in Annual Recurring Revenue (ARR) in FY26, up from the prior record of $10.4m in FY25.
BC&T new ARR grew approximately 36% to $4.0m, supported by the full-year TasmaNet contribution. Global new sales contracts also reached $4.0m ARR, including $1.8m signed in Q4 FY26. This included a contract of approximately $100k MRR ($1.2m ARR) with a major foreign government organisation for services in Asia.
TasmaNet integration nearing completion
The TasmaNet integration progressed materially through the year:
-
Acquired mid-June 2025, TasmaNet contributed a full year of revenue and earnings in FY26.
-
The revenue base stabilised under Comms Group ownership after early-year churn linked to the prior receivership process.
-
Three domestic networks were consolidated into a single national network (OneNetwork), with two private cloud platforms merged into one environment (OneCloud).
-
The programme is 90% complete, finishing over Q1 FY27, and is expected to deliver at least $0.8m in annualised cost savings in FY27.
FY26 revenue from all TasmaNet-related customers was $15.6m, with underlying EBITDA of $1.7m. New wins secured included a major wireless network build for a leading Tasmanian and international primary producer, a major local government organisation, and a significant local resources company.
Capital management and FY27 outlook
The group refinanced its term loan with Westpac under a new three-year facility on improved commercial terms. The arrangement includes an undrawn $8.0m acquisition facility, a $1.0m equipment finance facility and ancillary banking facilities.
A final fully franked dividend of 0.125 cents per share was declared, taking total FY26 dividends to 0.25 cents per share.
Management outlined the following priorities for FY27:
-
Complete the onPlatinum sale and reduce net debt.
-
Finalise the OneNetwork and OneCloud consolidation programme, realising cost synergies.
-
Accelerate BC&T expansion into AI-enabled communications and adjacent technology services.
-
Continue the international expansion of Global Unified Communications.
The company stated it enters FY27 with a strong earnings base, a simpler structure and a strong sales pipeline. FY27 guidance is expected to be provided as the year progresses.
Don’t Miss the Next Tech Stock Breakout on the ASX
Big News Blast delivers FREE breaking ASX tech and telecommunications news directly to your inbox within minutes of release, complete with in-depth analysis. Join 20,000+ subscribers already getting the edge on market-moving announcements. Click the “Free Alerts” button at Big News Blast to ensure you never miss the next major ASX tech development.