South Africa · Delayed Price · Currency is ZAR · Price in ZAc Telkom SA SOC Earnings Call Transcripts
Fiscal Year 2026
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Group revenue and EBITDA grew year-over-year, driven by strong data and mobile performance, while BCX faced revenue pressure. CapEx and network expansion continued, with stable gearing and robust free cash flow. Regulatory changes and leadership transitions are being managed proactively.
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Data-led growth drove group data revenue up 7.9%, with strong gains in fibre and mobile segments. EBITDA margins improved across all units, and prepaid strategies, including WhatsApp bundles, continue to differentiate in a highly competitive market.
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Data-led strategy delivered 3.4% revenue growth and improved EBITDA margin, with mobile and fiber segments driving performance. Strong cost management, positive free cash flow, and prudent capital allocation support a robust outlook, despite ongoing market competition.
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Q1 FY2026 saw 1.1% revenue growth to ZAR 10.8bn, driven by strong data and mobile performance, while BCX underperformed. EBITDA rose 6.5%, CapEx was ZAR 1.1bn, and debt was reduced using Swiftnet sale proceeds.
Fiscal Year 2025
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Group revenue grew 3.3% to ZAR 43.9 billion and EBITDA rose 25.1%, with margin up to 26.9%. Swiftnet sale generated ZAR 6.6 billion, reducing net debt to EBITDA to 0.66. Mobile and fiber segments showed strong performance, and margin expansion is expected to continue.
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Revenue grew 3.3% year-over-year, driven by strong mobile and fiber performance, cost optimization, and a data-led strategy. Free cash flow and EBITDA margins improved, with ZAR 1.3 billion returned to shareholders and Swiftnet disposal strengthening the balance sheet.
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Q3 FY2025 saw revenue and EBITDA growth, driven by strong mobile and fiber performance, cost optimization, and strategic CapEx. Swiftnet disposal is on track, and net debt to EBITDA improved to 1.3x. Load shedding and market competition remain key risks.
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Interim results show strong revenue and subscriber growth, improved margins, and robust free cash flow, driven by data-led strategies and cost optimization. Dividend policy targets 30%-40% of free cash flow, with continued focus on debt reduction and Capex.
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Strong interim results driven by mobile and fiber growth, improved margins, and robust free cash flow. Debt reduced, balance sheet de-risked, and guidance maintained, with continued focus on data-led strategy and smart capital allocation.
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Q1 saw strong revenue and EBITDA growth, driven by data and mobile, despite economic headwinds. Swiftnet disposal advanced, cost optimization improved margins, and property disposals released cash. Regulatory and market challenges persist, but outlook remains stable.
Fiscal Year 2024
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Revenue grew 1.6% to ZAR 43.2bn, with net profit at ZAR 1.9bn and strong mobile/data growth. Free cash flow turned positive, net debt/EBITDA improved, and SwiftNet disposal will further reduce debt. Dividend policy reinstated, but no FY24 payout.