Telkom expects at least a 300% increase in its basic earnings following the sale of its tower and mast business, Swiftnet.<\/p>\n\n\n\n
In a trading update for the year ended 31 March 2025, Telkom said that a reasonable degree of certainty exists that basic earnings will increase by a minimum of 300%.<\/p>\n\n\n\n
This will see the basic earnings per share rise from 385.5 cents per share in FY24 to a minimum of 1,542 cents per share. <\/p>\n\n\n\n
Headline earnings per share, discounting one-off items, are also expected to rise by a minimum of 10% from 376 cents per share to a minimum of 413 cents per share.<\/p>\n\n\n\n
Telkom said that it was able to close out the sale of tower business Swiftnet on 27 March 2025. The provisional consideration received in cash amounted to R6.575 billion. <\/p>\n\n\n\n
Swiftnet owned roughly 3,900 commercially available towers and masts in South Africa, and was sold to a consortium Actis (70%) and BEE-partner Royal Bafokeng Holdings (30%).<\/p>\n\n\n\n
Telkom said that the massive increase in reported earnings is primarily due to the profit made on the sale of Swiftnet, a non-recurring item impacting the current year’s results.<\/p>\n\n\n\n
The group said it would issue another trading statement once a reasonable degree of certainty exists regarding the likely range for total operations BEPS and HEPS. Telkom expects at least a 300% increase in its basic earnings following the sale of its tower and mast business, Swiftnet. In a trading update for the year ended 31 March 2025, Telkom said that a reasonable degree of certainty exists that basic earnings will increase by a minimum of 300%. This will see the<\/p>\n","protected":false},"author":95,"featured_media":799748,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[19399,65],"class_list":["post-818547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","tag-swiftnet","tag-telkom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/818547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=818547"}],"version-history":[{"count":7,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/818547\/revisions"}],"predecessor-version":[{"id":818578,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/818547\/revisions\/818578"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/799748"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=818547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=818547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=818547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
The group’s annual results announcement for FY2025 is expected to be released on SENS on 10 June 2025.<\/p>\n\n\n\nFinanicials<\/strong><\/td> FY24<\/strong><\/td> FY25 Minimum<\/strong><\/td> % Change Minimum<\/strong><\/td><\/tr> Basic earnings per share<\/td> 385.5c<\/td> 1 542.00<\/td> +300%<\/td><\/tr> Headline earnings per share<\/td> 376.0c<\/td> 413.6c<\/td> +10%<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"