This is a basic profile of an NZX50 listed company. It is not investment advice. We recommend you contact a qualified adviser if you need more information.
Chorus
Directory
| NZX code: | CNU |
| Short name: | Chorus |
| Legal name: | Chorus Limited |
| Industry sector: | Telecommunications |
| NZX50 rank: | 13 of 50 |
| Head office address: | Level 10, 1 Willis Street, Wellington, 6011 |
| Chairman: | Mark Cross |
| Chief executive: | Mark Aue |
| Financial year ended: | June |
| Locations: | New Zealand |
| Auditor: | KPMG, Wellington |
| Bankers: | [not revealed] |
Chorus
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Financial statement history
A. Recent trading and performance summary:
| Total revenue |
NPAT | Earnings per share |
|
| fye June | mln | mln | cents |
| 2018 | $990 | $85 | 20 |
| 2019 | $970 | $53 | 12 |
| 2020 | $959 | $52 | 12 |
| 2021 | $955 | $51 | 11 |
| 2022 | $965 | $64 | 14 |
| 2023 | $980 | $25 | 0.06 |
| 2024 | $1,010 | ($9) | -0.02 |
B. Recent financial position summary:
| Total assets |
Total Liabilities |
Equity ratio |
|
| fye June | bln | bln | % |
| 2018 | $5.0 | $4.0 | 20.4 |
| 2019 | $5.6 | $4.6 | 17.4 |
| 2020 | $5.6 | $4.7 | 16.3 |
| 2021 | $5.9 | $4.9 | 16.2 |
| 2022 | $5.9 | $4.8 | 17.6 |
| 2023 | $6.2 | $5.1 | 17.3 |
| 2024 | $6.0 | $5.2 | 13.9 |
C. Recent cash flows and positions:
| Cash inflows |
Cash outflows |
Cash and equiv. at year end |
|
| fye June | mln | mln | mln |
| 2018 | $650 | $770 | $50 |
| 2019 | $1033 | $810 | $273 |
| 2020 | $474 | $752 | ($5) |
| 2021 | $707 | $649 | $53 |
| 2022 | $570 | $535 | $88 |
| 2023 | $524 | $536 | $76 |
| 2024 | $513 | $544 | $45 |
D. Recent key ratio analysis:
| Earnings per share |
Price:Earnings ratio |
NTA/share | Dividend yield |
|
| fye June | cents | annual avg | dollars | annual avg % |
| 2018 | 20 | 20.9 | 2.1 | 5.3 |
| 2019 | 12 | 47.5 | 1.9 | 4.0 |
| 2020 | 12 | 62.3 | 1.7 | 3.2 |
| 2021 | 11 | 58.2 | 1.6 | 3.9 |
| 2022 | 14 | 51.6 | 1.5 | 4.9 |
| 2023 | 0.57 | 141.1 | 1.6 | 4.7 |
| 2024 | 0.05 | 168.8 | 1.4 | 5.6 |
Description of trading activities
Chorus NZ builds and manages an open access internet network, providing ultra-fast broadband to New Zealand phone and internet providers.
CEO profile
Mark Aue has worked in the telecommunications industry for over 20 years in New Zealand, Australia, and the UK. Aue's role as CEO commenced in April, 2024, moving from his role as Chief financial officer of CNU since early 2023. Aue's career includes being an executive for 2Degrees and Vodafone.
Chairman profile
Mark Cross has extensive corporate finance experience, as both a professional director and consultant. Cross held senior positions with Deutchsche Bank in London and Australia. Cross has also got experience at Lloyds Corporate Finance/Southpac Corporation in Australia and New Zealand. Cross is currently a board member, and investment committee chair of Accident Compensation Corporation (ACC) and director of Xero.
Cross is also the former chair of Milford Asset Management, and former director of Z Energy, Genesis Energy, and Argosy Property. Cross is a member of Chartered Accountants Australia and a chartered member of the New Zealand Institute of Directors.
Links:
| Company website: | https://company.chorus.co.nz/ |
| Investor information: | https://company.chorus.co.nz/investors |
| NZX listing: | https://www.nzx.com/companies/CNU |
| Annual reports: | https://company.chorus.co.nz/reports |