Companies / CNU

CHORUS LIMITED

ASX:CNUTelecommunication Services
433.9M shares on issueASX (delayed) · snapshot 28 Oct 2026$6.32price · delayed$2.80BMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.
Low
Dilution risk

2 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwaycash-generative (no net burn)
Share-count growth (24m)0.0%no issuance filings since 2024
Raise cadence (24m)2 cash raises
Options & rights overhangno data — options line data suspect
In-the-money supplyno data — options line data suspect
Pending proposed issuesnone

CHORUS LIMITED's latest share-count filing shows 434M shares as at November 2025, with no earlier filing in the dataset to calculate a change, and the company has not lodged a new share-issuance Appendix 2A since January 2024. Over the past 24 months it raised capital twice, totalling A$1.1B, most recently an A$713.3M EMTN issuance in November 2025. Options and rights overhang has not been disclosed. The latest cash report is a half-year/annual report showing non-negative net cash flow, so no funding-runway figure applies. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 17 Oct 2026
Quick answers · 2

When did CNU last raise capital?

The last capital raise in Chorus's filings is EMTN issuance of $713.3M announced 21 Nov 2025, one of 2 cash raises in 24 months.

How much placement capacity does CNU have left?

None of the 15% placement capacity counted as used in the last 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.

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Options & rights overhang · omitted
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In the moneyAn option whose exercise price is below the last closing share price, so converting it pays. These are the options most likely to become new shares soon. supply
2
Raises · last 12 months
No net burn
Cash cover · cash-generative

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 433.9M per ASX (delayed) (snapshot 28 Oct 2026).
432M434M436MDec 24Nov 25Oct 26Cash raise · 21 Nov 2025Cash raise · 11 Nov 2025433.9M

Cash runway

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The latest annual report shows no net cash burn, so there is no cash-out date.
$163.6M cash after burn · operating cash flow only.
FILED $163.6M cash · year ended 30 June 2026
OURS our estimate, carried to todayOURSOur estimate for today. We take the cash in the company’s latest cash report, deduct spending since at its reported rate, and, for quarterly filers, add raises announced after it. It moves daily; announced money may not all be received yet.$163.6M cash at 30 Jun 2026 = $163.6M left (no net burn, so nothing is deducted)FILED as the company reportedFILEDAs the company stated it in its latest cash report. Dated to the end of that period, it does not change until the next report.
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2 cash reports on record — Cash runway history
Cash, net spend and cover trend from every Appendix 4C/5B and 4D/4E on record up to 30 June 2026.
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Issuance timeline

Latest 3 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
1 Dec 20253H · cancellationCNU : ORDINARY FULLY PAID FOREIGN EXEMPT NZX433.9MAppendix 3H
1 Dec 20253H · cancellationCNU : ORDINARY FULLY PAID FOREIGN EXEMPT NZX433.9MAppendix 3H
25 Nov 20252A · quoted issueCNU : ORDINARY FULLY PAID FOREIGN EXEMPT NZX433.9MAppendix 2A
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3 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Securities on issue over time

Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.

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Securities on issue, by class
How the share count and each option and rights class moved, month by month, with every number in a table.
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Capital raises

2 cash raises in the last 24 months · 2 in the last 12 months

every 0.3 monthsaverage gap between raises
11.2 monthssince the most recent
11 Nov 2025 – 21 Nov 2025first to most recent in this window
$713.3M
EMTN issuance
21 Nov 2025 COMPLETE
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3 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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Forward supply

Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.

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Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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Placement capacity

How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.

No Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-10-28).
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

Options summary omitted. options line data suspect

Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
9 Apr 2025Neal Anthony BarclayBuy on-market1———3Y notice
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1 notice on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.