Business-focused telecommunications and cloud services provider Comms Group has released its financial results for the full year ended 30 June 2026 (FY26), with group Revenue rising to $74.5 million, compared to $56.6 million when compared to FY25, an increase of 31.6%.
Underlying Group EBITDA also increased to $8.7 million from $5.7 million in FY25, up 52%, while underlying NPATA jumped to $4.1 million, compared to $2.9 million in FY25, up 41.4%.
Gross Profit also rose to $35.5 million from $27.1 million in FY25.
The company's Business Communications & Technology (BC&T) division, previously referred to as SME, delivered revenue of $37.0 million, up 52.2% from FY25.
The Secure Managed IT Solutions (ICT) division also saw revenue rise to $22.3 million, up just over 16% on FY25. This was attributable to increasing demand for managed IT, cybersecurity infrastructure and modern workplace services, the company said.
Comms Group also stated that the ICT division also benefitted from the inclusion of some mainland IT managed services customers gained via the acquisition of communication and managed IT services provider TasmaNet in 2025, generating circa $1.7 million of revenue in FY26.
The Global Unified Communications (Global) division posted revenue of $15.2 million, also up 16% on FY25, attributed to increasing demand by multinational enterprises seeking a unified communications partner across multiple jurisdictions. Underlying EBITDA for the division also rose to $3.25 million, up 112% vs on FY25.
With additional capabilities through investment in licenses, network expansion and staffing in FY25, Comms Group said that it saw continued strong sales performance across various markets. APAC (excluding Australia) made up 80% of new sales recorded in FY26 with Australia 12% and rest of world 8% with particularly strong new sales recorded in Japan, the Philippines and Vietnam.
New contracts signed across the overall Group totalled a record $10.9 million of annual recurring revenue (ARR) in FY26, up slightly from what the company says was a record year in FY25 of $10.4 million ARR.
BC&T's new ARR grew ~36% to $4 million, supported by a full-year TasmaNet contribution, while Global also delivered new sales contracts of $4 million ARR, including $1.8m signed in Q4 FY26.
This included a contract of approximately $100,000 Monthly Recurring Revenue ($1.2 million ARR), with a major foreign government organisation for services in Asia.
Expanding into AI-enabled communications
At the end of June, the Group announced the sale of its IT managed services division, onPlatinum, for $30 million to efex. Completion is expected by the end of Q1 FY27.
The divestment sharpened the company's focus on cloud and unified communications, domestic telecommunications and global services, with the sale including a number of mainland customers transferred across to onPlatinum from the TasmaNet acquisition as well as the mainland OneCloud (IaaS) nodes in Brisbane and Sydney.
Post the onPlatinum sale, the Group aims to "accelerate the expansion" of BC&T into higher value, AI-enabled communications and adjacent technology services.
Key areas of focus include agentic AI contact centre solutions, AI-based transcription, analytics and sentiment capabilities, advanced Microsoft Teams services, managed security and firewall solutions, private cloud, backup and recovery, and complementary connectivity services.
This broader capability set is intended to increase customer value, strengthen cross-sell opportunities and support continued growth across the Group’s core communications customer base.
After being acquired in mid-June 2025, TasmaNet contributed a full year of revenue and earnings in FY26. Whilst the TasmaNet business saw some churn whilst under the prior receivership process that affected revenues early in the year, the transition to Comms Group has been largely successful, the company claims.
TasmaNet has stabilised its revenue base and is gaining "renewed momentum" through strong customer engagement, increased market presence, new contract wins and an enhanced local sales and marketing program.
The TasmaNet business also secured some key new opportunities including a major wireless network build for a Tasmanian and international primary producer; a major local government organisation; and a local resources company.
The Group has consolidated three domestic networks into a single national network (OneNetwork) and two private cloud platforms into one environment (OneCloud), removing duplicated infrastructure, operational and supplier costs. The program is 90% complete and the remaining businesses should see annualised cost savings of at least $800,000 in FY27, with the program completing over the course of Q1 FY27. Some of the planned cost savings will flow to the onPlatinum business.
The FY26 revenue contribution from all TasmaNet-related customers was $15.6 million with underlying EBITDA of $1.7 million.
"A transformative year"
Comms Group CEO, Peter McGrath, said 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," he said.
"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."
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