South Africa · Delayed Price · Currency is ZAR · Price in ZAc Telkom SA SOC Earnings Call Transcripts
Fiscal Year 2026
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Data-led growth drove a 1.4% revenue increase and 5.8% EBITDA rise, with mobile and fiber segments performing strongly. Dividend payout surged 65.7%, while legacy revenues declined and BCX faced margin pressure.
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Data-led growth drove higher profitability, free cash flow, and a 65.7% increase in ordinary dividends, with strong mobile and fiber performance offsetting legacy declines. Capital allocation remains disciplined, and medium-term guidance is maintained.
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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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FY2025 saw revenue rise 3.3% to ZAR 43.9bn and EBITDA up 25.1%, with margin expansion and improved free cash flow. Mobile and fiber segments drove growth, while Swiftnet sale and debt reduction strengthened the balance sheet.
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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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Strong interim results driven by double-digit growth in mobile and fiber data revenue, improved free cash flow, and a healthier balance sheet. Strategic asset disposals and a disciplined dividend policy support ongoing investment and margin expansion ambitions.
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Strong interim results driven by mobile and fiber growth, improved margins, and robust free cash flow. Strategic focus on data-led expansion, cost optimization, and balance sheet resilience continues, with positive outlook and guidance maintained.
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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.