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Chorus (CNU) investor relations material
Chorus AGM 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.AGM 2025 summary4 Nov, 2025
Opening remarks and agenda
Meeting opened with confirmation of quorum, approval of previous minutes, and addresses from the Chair and CEO outlining the agenda and strategic focus on connectivity and enabling better futures for Aotearoa.
Shareholders were guided on virtual participation, Q&A, and voting procedures, with assurance of follow-up for unanswered questions.
Financial performance review
FY25 revenue reached $1,014 million, with EBITDA at $705 million, fibre connections at 1,115,000, and operating cash flows up 9% to $559 million.
Dividend increased to 57.5 cents per share, with total unimputed dividends up 21% and guidance for FY26 at 60 cents per share, subject to conditions.
Capital expenditure for FY25 was $415 million, and total shareholder returns showed a CAGR of 11%.
Electricity use reduced by 5% and carbon emissions by 25% from FY20 base year; 99% landfill waste diverted and strong people engagement and safety metrics reported.
Board and executive committee updates
Board comprises independent directors, including Mark Cross (Chair), Sue Bailey, Neal Barclay, Miriam Dean, Will Irving, Kate Jorgensen, and Jack Matthews.
Directors Sue Bailey, Will Irving, and Mark Cross stood for re-election, each presenting their credentials and vision.
Board succession planning underway, with intention for orderly Chair handover during the next term.
How will Chorus fund 95% fiber coverage expansion?
AI impact on FTE and productivity gains
Why was the Tasman Ring project not pursued?
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Next Chorus earnings date
H1 202622 Feb, 2026
Chorus
Next Chorus earnings date
H1 202622 Feb, 2026
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Frequently asked questions
Chorus Limited is a telecommunications infrastructure company that builds, manages, and maintains network infrastructure in New Zealand. The company primarily provides broadband and fiber optic networks, enabling high-speed internet connectivity for residential, business, and government customers. Chorus focuses on expanding fiber coverage and improving network reliability to support digital connectivity across urban and rural regions. It operates as a wholesale provider, allowing internet service providers to offer retail services over its network. The company is headquartered in Wellington, New Zealand, and its shares are listed on the NZX and ASX.
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