Africa-Press – South-Africa. Telkom is expected to release impressive results for the first half of its 2026 financial year, with headline earnings growth of up to 115%.
Started in 1991, Telkom is one of South Africa’s oldest and largest telecommunications companies, with a mobile subscriber base of around 23.2 million.
On Monday, 10 November, the company released a trading update outlining its earnings expectations for the six months ended 30 September 2025.
For its total operations, the telecoms giant expects its basic earnings per share to increase by between 43% and 51%, and its headline earnings per share to jump by between 57% and 65%.
These numbers improve significantly when looking at only Telkom’s continuing operations, which saw basic earnings per share increase by between 80% and 90%, and headline earnings grow by between 105% and 115%.
These figures exclude Telkom’s discontinued operations, which include its Swiftnet business that was sold in the 2025 financial year.
Telkom explained that the significant increases in earnings were mainly due to a low base in the prior year, which saw one-off expenses.
This includes an after-tax impact of R451 million for the derecognition loss of the Telkom
Retirement Fund and an after-tax impact of R117 million relating to restructuring costs.
The group noted that its continued underlying operating performance, as well as focused structural cost containment, also contributed to the earnings growth.
This marks a strong turnaround for the telecoms giant, which took a hit in the first quarter of its 2026 financial year from its BCX business.
In this quarter, the company’s profit margins improved, but it recorded meagre group revenue growth of 1.1% to R10.82 billion, with increased contributions from the company’s mobile data and fibre-based services.
Telkom is set to release its interim results for the six months through September 2025 on or about 18 November 2025.
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