5G Networks returns to positive EBITDA in FY25

5G Networks (5GN) turned around its underlying EBITDA in FY25, thanks in part to $9.7 million in revenue from AUCyber. 

Underlying EBITDA was $3.2 million, a $5.7 million improvement on FY24. 

In February 2025, the company acquired a controlling stake in AUCyber, following reports that its trading performance had been below expectations and CEO Peter Maloney had resigned.

5GN went on to spend $19.3 million since then to take its ownership to 89.6% at 30 June 2025. 

5GN's revenue without AUCyber grew 8% in FY25 to $53 million, up from $49.3 million in FY24; including AUCyber, consolidated revenue for FY25 rose 27% to $62.6 million. 

The board announced that it has also commenced a strategic review of the group’s investment in AUCyber to assess deeper integration and potential full ownership, "given the structural growth in sovereign cloud and cyber security and the strong adjacency to managed IT services". 

Enterprise and wholesale driving growth 

The turnaround in underlying EBITDA was also attributed to "growth across enterprise and wholesale segments". 

Consolidated enterprise revenue rose 30.3% to $42.3 million, while wholesale grew 20.5% to $20.3 million, driven by "large-scale Asia-Pacific contracts". 

Gross profit for 5GN also increased 5.1% to $29.9 million, representing a 47.8% margin. 

5GN’s focus includes telecommunications services, operating nationwide and international fibre and data networks. 

The company's owned and operated cloud and data centre facilities across Melbourne, Sydney, Brisban, and Adelaide — with more than 1,200 racks — remain "integral" to 5GN's offering, according to the company, with re-pricing initiatives and expanded capacity contributing to growth in FY25. 

5GN said that the acquisition of AUCyber has "deepened the company's expertise" in sovereign cloud and cyber security, and together with its existing managed IT services, it now serves more than 2,500 corporate clients and 100 wholesale partners, with "growing demand" from government and critical industries. 

Commenting on the results, MD Joseph Demase said the company "delivered a return to positive EBITDA, successfully expanded into sovereign cloud and cyber security, and maintained a strong capital position”. 

Looking ahead to FY26, increasing enterprise and wholesale revenue through expanded data centre and cloud capacity, as well as leveraging cyber capabilities to secure government and critical industry contracts, were identified as focus areas.