Overview
- NBN Co’s pre-tax earnings for FY24/25 rose 8% to A$4.2 billion, with revenue up 4% to A$5.7 billion.
- The network achieved a record annual migration of over 430,000 premises from copper to fibre, taking total fibre-upgraded premises above 805,000.
- Consumers’ average monthly data consumption jumped from 460GB to 508GB per premise, a 13% increase year-on-year.
- NBN Co will upgrade its wholesale 100Mbps tier to 500Mbps in September, with plans to make it its most popular offering.
- A government-backed A$3 billion equity injection, complemented by A$800 million from NBN Co, ensures the Fibre Connect program stays on track to convert the remaining copper premises by 2030.