Telkom has continued to see a rise in earnings, as the group benefits from improving data revenues. <\/p>\n\n\n\n
The group recently returned to paying dividends after declaring a R7 billion profit in the 2024\/25 financial year, with the group seeing a rise in earnings in the latest quarter. <\/p>\n\n\n\n
\u201cWe are pleased to report solid results for the first quarter, building on last year’s strong results,\u201d said Group Chief Executive Officer Serame Taukobong.<\/p>\n\n\n\n
\u201cOur data-led strategy continues to be the competitive advantage, enabling us to sustain our momentum into FY2026.\u201d<\/p>\n\n\n\n
\u201cThe increased contribution by mobile data and fibre-based services to total revenue is consistent with the assumptions supporting our medium-term objectives.\u201d <\/p>\n\n\n\n
The group\u2019s improved profitability was reflected by its EBITDA growing by 6.5% to R2.8 billion. <\/p>\n\n\n\n
Taukobong is confident that this performance will continue throughout the rest of the financial year. <\/p>\n\n\n\n
Despite the strong Telkom results, the group was disappointed by the performance of BCX, which saw revenue decline by 8.3%, while its annuity-based revenue remained flat. <\/p>\n\n\n\n
A specialised team is in place to make BCX\u2019s turnaround faster.\u00a0<\/p>\n\n\n\n
The group\u2019s revenue grew by 1.1%, cushioned by its data-led strategy. Group data revenue grew by 7.1%, mobile data by 9.6% and fibre data by 11.3%. <\/p>\n\n\n\n
\u201cIt is the performance of data revenue that gives us confidence that we are heading in the right direction to achieve our new medium-term guidance of mid-single digit growth,\u201d said Taukobong. <\/p>\n\n\n\n
\u201cOverall data revenue contribution as a percentage of total Group revenue advanced in line with our data-led strategy and now represents almost 60% of Group revenue.\u201d <\/p>\n\n\n\n
Telkom Consumer\u2019s mobile service revenue jumped by 7.8%, as mobile data users grew by 27.5% year-on-year, making up 72.1% of total mobile subscribers of 17.2 million. <\/p>\n\n\n\n
Openserve delivered strong results, driven by 11.3% growth in fibre data revenue, delivering positive top-line growth. <\/p>\n\n\n\n
The business unit exceeded its targeted 50% fibre connection rate by connecting 107,907 homes. It has now passed 1.4 million homes. <\/p>\n\n\n\n
BCX continued to focus on higher-margin IT services. Although there was growth in fibre data revenue, there was an accelerated decline in voice revenue during the quarter.<\/p>\n\n\n\n
\u201cOur financial position remains strong following the settlement of R4,750 million interest-bearing debt post-year end, from the R6,618 million proceeds from the Swiftnet disposal concluded in FY2025.\u201d <\/p>\n\n\n\n
\u201cR500 million of the Swiftnet proceeds was returned to shareholders as a special dividend. The remainder of the proceeds have been retained to maintain financial flexibility for growth opportunities without compromising our resilience.\u201d <\/p>\n\n\n\n Telkom has seen an increase in earnings despite the poor performance of BCX. <\/p>\n","protected":false},"author":95,"featured_media":645389,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[4445,10650,65],"class_list":["post-834056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","tag-bcx","tag-openserve","tag-telkom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/834056","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=834056"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/834056\/revisions"}],"predecessor-version":[{"id":834065,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/834056\/revisions\/834065"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/645389"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=834056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=834056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=834056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Group financial information for the quarter ended: (R million)<\/th> 30 June 2025<\/th> 30 June 2024<\/th> Y-o-Y % change<\/th><\/tr><\/thead> Group revenue<\/td> 10 817<\/td> 10 703<\/td> 1.1%<\/td><\/tr> Group data revenue<\/td> 6 361<\/td> 5 938<\/td> 7.1%<\/td><\/tr> Group EBITDA<\/td> 2 798<\/td> 2 627<\/td> 6.5%<\/td><\/tr> Group EBITDA margin<\/td> 25.9%<\/td> 24.5%<\/td> 1.4 ppts<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"