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    Telecommunications Services
Chorus Limited

Chorus Limited

CNU.NZ
Chorus LimitedNZ flagNew Zealand Exchange
9.61
NZD
-0.02
- -
4.17BMarket Cap
Chorus Limited
CNU.NZ
(New Zealand Exchange)

Recent

price

9.61

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
- -
1.59
2.74
2.46
2.52
2.52
2.56
2.35
2.06
2.16
1.97
2.15
2.21
2.32
2.18
Revenue per Share
- -
0.26
0.44
0.38
0.23
0.23
0.28
0.2
0.12
0.12
0.11
0.14
0.06
-0.02
0.01
Basic EPS, GAAP
- -
0.2
-0.67
-0.17
-0.44
-0.34
-0.28
-1.82
-1.85
-1.53
-1.45
-1.16
-1.12
-1.02
-0.91
Free Cash Flow per Basic Share
- -
- -
0.22
0.11
- -
0.04
0.11
0.1
0.11
0.17
0.19
0.22
0.36
0.44
0.51
Dividend per Share
1.1
1.39
1.62
1.86
2.08
2.26
2.38
2.51
2.44
2.34
2.24
2.16
1.65
1.19
0.69
Book Value per Share
1.1
0.9
1.22
1.43
1.67
1.79
1.98
1.99
1.94
1.73
1.76
1.96
1.93
1.61
0.82
Tangible Book Value per Share
385
385
386
394
396
397
406
422
435
444
446
448
443
435
435
Basic Weighted Avg Shares
- -
613
1,057
968
998
1,002
1,040
990
896
959
879
965
980
1,010
950
Sales/Revenue/Turnover
- -
34.26
32.54
24.17
27.05
26.05
32.69
26.87
18.86
25.65
17.75
32.02
23.06
23.56
18.95
Operating Margin (%)
- -
189
319
325
324
327
339
387
393
402
425
366
446
462
461
Depreciation Expense
- -
102
171
148
91
91
113
85
53
52
47
64
25
-9
4
Net Income, GAAP
- -
28.17
27.54
28.16
28.35
28.35
28.93
30.33
32.05
28.77
34.72
39.62
19.35
142.86
80.95
Effective Tax Rate (%)
- -
16.64
16.18
15.29
9.12
9.08
10.87
8.59
5.92
5.42
5.35
6.63
2.55
-0.89
0.42
Profit Margin (%)
-1,732
-3
38
9
-101
-120
-95
-192
-650
-584
-259
-245
-417
-340
-271
Working Capital
- -
1,730
1,820
1,765
1,793
1,676
1,768
2,044
1,987
2,149
2,487
2,306
2,328
2,675
3,065
LT Debt
422
527
624
731
819
871
944
1,022
979
927
948
1,029
1,063
841
567
Total Equity
- -
6.87
10.56
6.76
7.51
7.23
9.19
6.41
3.51
5.02
2.86
5.23
4.99
-2.75
0.91
Return on Invested Capital (%)
- -
7
10.79
9.74
8.02
7.57
8.65
6.51
5.17
5.12
4.04
4.21
5.36
-3.08
1.28
Return on Capital (%)
- -
21.27
29.43
21.83
11.72
10.59
12.13
8.4
5
4.95
4.61
6.5
2.94
-1.44
0.98
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-2.59%
-7.87%
-32.58%
Free Cash Flow
47.39%
-10%
-10.18%
Net Income, GAAP
- -
-62.97%
-144.44%
Sales/Revenue/Turnover
-0.3%
0.02%
-5.94%
Total Cash Common Dividend
- -
25.41%
15.54%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
980
2024
- -
- -
- -
- -
1,010
2025
- -
- -
- -
- -
950

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.06
2024
- -
- -
- -
- -
-0.02
2025
- -
- -
- -
- -
0.01

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.36
2024
- -
- -
- -
- -
0.44
2025
- -
- -
- -
- -
0.51
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Business
Chorus Limited operates as a telecommunications infrastructure company primarily in New Zealand, providing wholesale fibre broadband network services to retail service providers. Its main products and services include the construction, operation, and maintenance of an extensive open access fibre network; wholesale broadband access services; copper network services with a planned phase-out; and related telecommunications infrastructure such as exchanges and transport networks. Chorus supplies ultra-fast fibre broadband to approximately 72% of New Zealand households, connecting over 400 towns and cities. Key offerings include high-speed residential and business fibre plans, with recent upgrades increasing wholesale residential fibre speeds to 500 Mbps download and 100 Mbps upload for over 700,000 homes at no extra cost. Founded in 2011 and headquartered in Christchurch, New Zealand, Chorus plays a central role in the government-backed Ultra-Fast Broadband (UFB) initiative, having completed its rollout in late 2022, which expanded fibre coverage to approximately 87% of the population. The company operates under regulatory frameworks mandating wholesale access to ensure retail competition. Chorus recently renewed and extended NZ$1 billion worth of field service agreements with long-term partners Downer NZ and UCG in 2025, supporting ongoing network maintenance and expansion. In terms of recent major developments, Chorus issued new CIP1 Warrants to National Infrastructure Funding in late 2025, underpinning its strategic capital structure. The company focuses on retiring legacy copper infrastructure progressively, targeting complete phase-out by 2030, enabled by updated regulatory codes. Chorus also promotes the “Big Fibre Boost” initiative to enhance broadband speeds and performance. Its operations are critical to New Zealand’s telecommunications ecosystem, serving retail internet providers rather than direct consumers. Chorus Limited operates independently but within New Zealand’s wider telecommunications sector and collaborates with government bodies and other infrastructure providers to advance digital connectivity. The company emphasizes wholesale fibre broadband infrastructure, complemented by strategic upgrades and service agreements to maintain market competitiveness and support New Zealand’s digital economy growth.