Telkom has seen a double-digit rise in its earnings, as the company continues to be one of the best-performing state-owned companies. <\/p>\n\n\n\n
In its interim results for the six months ended 30 September 2025, the group saw its revenue rise by 3.4% to R22.1 billion. <\/p>\n\n\n\n
This was driven by robust mobile data revenue growth of 10.3% and fibre-related data revenue of 12.3%. <\/p>\n\n\n\n
On a reported basis, the group\u2019s profit for the year increased by 88% to R1.604 billion. Basic earnings per share also saw a 88% rise to 325.7 cents per share. <\/p>\n\n\n\n
The group’s reported earnings saw much larger increases than the group’s adjusted earnings, as reported earnings do not include the performance of Swiftnet in the prior financial year. <\/p>\n\n\n\n
Telkom sold its tower and mast business, Swiftnet, for R6.5 billion in the prior financial year to a consortium led by infrastructure investor Actis. <\/p>\n\n\n\n
\u201cThe Group’s data-led strategy delivered quality earnings and growth,\u201d said Serame Taukobong, Telkom Group CEO.\u00a0<\/p>\n\n\n\n
\u201cWe built on our previous strong performance and demonstrated the competitive advantage of the group’s data-led strategy in the challenging operating conditions of the first half of FY2026.\u201d <\/p>\n\n\n\n
Taukobong added that the group continues leveraging the advantages of its extensive fibre footprint.<\/p>\n\n\n\n
The company is also looking to drive growth via strong mobile offerings in service and data. <\/p>\n\n\n\n
He noted that an example of Telkom\u2019s competitiveness can be seen in its mobile business, which has delivered market-leading service revenue growth for the 11th consecutive quarter.<\/p>\n\n\n\n Telkom is a partly state-owned company, with the government owning a 41% stake. The Minister of Communications and Digital Technologies serves as the government\u2019s representative. <\/p>\n\n\n\n The state-owned Public Investment Corporation (PIC) is also reported to own over 10% of the company, although this ownership is actually attributed to the PIC\u2019s clients. <\/p>\n\n\n\n Telkom has experienced a significant increase in its share price over the past year, rising by nearly 70%.\u00a0The stock also remains relatively cheap with a price-to-earnings ratio of under 10. <\/p>\n\n\n\n The strong performance of Telkom differs from several other state-owned institutions that have required billions of bailouts to stay afloat.\u00a0<\/p>\n\n\n\n Looking ahead, Telkom is encouraged by the performance it achieved in the first half of the 2026 financial year. <\/p>\n\n\n\n The group is looking to deliver quality earnings and growth by achieving its targets, and medium-term guidance remains a priority.\u00a0<\/p>\n\n\n\n \u201cOur data-led strategy will continue to act as a catalyst for growth as we strengthen our unique position as the backbone of South Africa’s digital future.\u201d<\/p>\n\n\n\n \u201cThe country’s economic growth is expected to be subdued in 2025. We also face intensifying competition in both mobile and fibre, coupled with muted corporate ICT spending.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":" Telkom has seen a double-digit rise in earnings, with the partly state-owned company seeing a massive rise in its share price over the last year. <\/p>\n","protected":false},"author":95,"featured_media":834785,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[10650,19399,65],"class_list":["post-843553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","tag-openserve","tag-swiftnet","tag-telkom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/843553","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=843553"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/843553\/revisions"}],"predecessor-version":[{"id":843573,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/843553\/revisions\/843573"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/834785"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=843553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=843553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=843553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Financial indicator<\/th> Reported H1 FY2026<\/th> Reported H1 FY2025<\/th> Reported % change<\/th> Adjusted H1 FY2026<\/th> Adjusted H1 FY2025<\/th> Adjusted % change<\/th><\/tr><\/thead> Revenue<\/td> 22 104<\/td> 21 382<\/td> +3.4%<\/td> \u2014<\/td> \u2014<\/td> \u2014<\/td><\/tr> Mobile service revenue<\/td> 11 027<\/td> 10 220<\/td> +7.9%<\/td> \u2014<\/td> \u2014<\/td> \u2014<\/td><\/tr> Fibre-related data revenue<\/td> 4 102<\/td> 3 654<\/td> +12.3%<\/td> \u2014<\/td> \u2014<\/td> \u2014<\/td><\/tr> Total expenses<\/td> 16 765<\/td> 17 189<\/td> +2.5%<\/td> 16 411<\/td> \u2014<\/td> (2.2%)<\/td><\/tr> Profit for the period<\/td> 1 604<\/td> 853<\/td> +88.0%<\/td> 1 421<\/td> \u2014<\/td> +12.9%<\/td><\/tr> Basic earnings per share (cents)<\/td> 325.7<\/td> 173.2<\/td> +88.0%<\/td> 288.9<\/td> \u2014<\/td> +12.7%<\/td><\/tr> Headline earnings per share (cents)<\/td> 305.6<\/td> 146.9<\/td> +108.0%<\/td> 262.6<\/td> \u2014<\/td> +16.4%<\/td><\/tr> Net debt to EBITDA (times)<\/td> 0.7<\/td> 1.5<\/td> (0.8)<\/td> 1.3<\/td> \u2014<\/td> (0.6)<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n One of the best state-owned companies <\/h2>\n\n\n\n