Telkom H1 earnings to surge
JSE-listed Telkom on Monday said it expected an increase in earnings for the six months ended September 30, 2025.
During the first half of the year, the group’s reported basic earnings per share (BEPS) and headline earnings per share (HEPS) for its total operations – continuing and discontinued – will see double-digit increases.
Telkom Group’s basic earnings per share (BEPS) are expected to increase between 43% to 51%, to a range of between 311.8c and 329.1c, compared with the 217.6c reported in the prior period.
Headline earnings per share (HEPS) are expected to rise to between 301.1c and 315.8c for the six months under review, equating to a 57% to 65% increase on the 191.5c achieved in the prior corresponding half-year.
In its trading statement for the six months ended September 30, Telkom said that BEPS for its continuing operations would increase to between 311.8c and 329.1c, 80% to 90% higher than the 173.2c reported in the prior corresponding period.
HEPS increase 105% to 115% to between 301.1c and 315.8c, from 146.9c in the corresponding six months last year.
“The increase in BEPS and HEPS from continuing operations was mainly owing to the one-off expenses in the prior period relating to the after-tax impact of R451-million for the derecognition loss of the Telkom Retirement Fund and the after-tax impact of R117-million relating to restructuring costs,” Telkom explained.
Continued underlying operating performance as well as focused structural cost containment have contributed to the earnings growth.
Total operations included Swiftnet in the prior period, which was disclosed as a discontinued operation and the sale was concluded in 2025 financial year.
Telkom will publish its interim results on November 18.
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