Comms Group Limited reported record FY26 revenue and EBITDA growth, driven by organic expansion and TasmaNet acquisition, while progressing the $30m sale of its ICT business to streamline operations and support shareholder returns.
- FY26 revenue up 31.6% to $74.5 million
- Underlying EBITDA rises 51.8% to $8.7 million
- Net profit before tax turns positive at $1.4 million
- Sale of ICT business for $30 million underway, expected Q1 FY27
- Strong new sales contracts with $10.9 million ARR
Record Revenue and Profit Growth in FY26
Comms Group Limited (ASX:CCG) delivered a standout financial performance for the year ended 30 June 2026, with group revenue climbing 31.6% to $74.5 million and underlying EBITDA surging 51.8% to $8.7 million. The company swung back to profitability, reporting a net profit before tax of $1.4 million compared to a $0.6 million loss the previous year. This turnaround was underpinned by strong organic growth and the full-year contribution from the TasmaNet acquisition completed in June 2025.
Underlying NPATA (Net Profit After Tax and Amortisation) also rose sharply by 41.4% to $4.1 million, reflecting improved earnings quality. New sales contracts were robust, with annual recurring revenue (ARR) signed during FY26 reaching a record $10.9 million, edging past the $10.4 million achieved in FY25.
ICT Business Sale to Simplify Group Focus
On 29 June 2026, Comms Group announced the sale of its Secure Managed IT Solutions (ICT) business, branded onPlatinum, for $30 million to Thinkex Pty Ltd. The divestment is expected to complete by the end of Q1 FY27. The sale aims to sharpen Comms Group's strategic focus on its core cloud communications, unified communications, domestic telecommunications, and global services.
The ICT business contributed $22.3 million in revenue and $3.6 million in underlying EBITDA during FY26, growing 16.1% and 30% respectively. The sale includes mainland customers acquired through TasmaNet and key mainland OneCloud infrastructure nodes. Proceeds from the sale are earmarked for debt reduction, balance sheet strengthening, and potentially a capital return to shareholders.
Business Segment Highlights and Integration Progress
The Business Communications & Technology (BC&T) segment, which includes TasmaNet, posted revenue growth of 52.2% to $37 million and underlying EBITDA of $5.1 million, up 21.4%. The segment is undergoing network consolidation, merging three domestic telecommunications networks into a single national network (OneNetwork) and unifying two private cloud platforms into OneCloud. This program, 90% complete, is expected to deliver annualised cost savings of at least $0.8 million from FY27.
The Global Unified Communications business grew revenue by 16% to $15.2 million and more than doubled underlying EBITDA to $3.2 million, achieving a 21.4% margin. Expansion into new Asian and European markets, including Vietnam, Japan, and the Philippines, alongside new telecommunications licenses and carrier partnerships, supported this growth. Notably, Q4 FY26 saw $1.8 million in new ARR signed, including a significant contract with a major foreign government organisation in the Asia-Pacific region.
Capital Management and Financial Position
Comms Group refinanced its term loan with Westpac Banking Corporation under improved commercial terms, securing a three-year facility that includes an undrawn $8 million acquisition facility and a $1 million equipment finance facility. The Group ended FY26 with cash of $4.6 million and net debt of $6.3 million, which is expected to reduce following the ICT business sale.
The company declared a final fully franked dividend of 0.125 cents per share, bringing total dividends for FY26 to 0.25 cents per share. The dividend reinvestment plan remains in place.
Outlook and Strategic Priorities for FY27
Entering FY27, Comms Group aims to complete the ICT divestment, reduce net debt, and finalise the OneNetwork and OneCloud consolidation programs. The company plans to accelerate the expansion of BC&T into AI-enabled communications and adjacent technology services, such as agentic AI contact centre solutions and AI-based analytics.
International growth remains a key focus, with continued expansion of the Global Unified Communications business across Asia-Pacific and Europe. The Group expects that removing duplicated infrastructure costs and focusing capital on core communications will support margin improvement and stronger financial returns.
Investors will be watching how the ICT sale proceeds are deployed and whether the expected cost synergies and sales pipeline materialise as planned in FY27.
Bottom Line?
Comms Group’s FY26 results reflect successful integration and growth, but the pending ICT sale and network consolidation will be critical to sustaining momentum and improving returns in FY27.
Questions in the middle?
- How will the proceeds from the ICT business sale be allocated between debt reduction and shareholder returns?
- Will the OneNetwork and OneCloud consolidation deliver the anticipated cost savings on schedule in FY27?
- Can the Global Unified Communications segment maintain its strong sales growth across diverse international markets?