Telkom profit jumps, dividend payout ratio lifted

Telecommunications group Telkom on Tuesday, 2 June, said its full-year headline earnings jumped 30.1% from a year earlier, as data demand fuelled mobile and fibre revenue growth.

By Nqobile Dludla

2 Jun 2026

Shoppers walk past a branch of South Africa's mobile operator Telkom in Johannesburg, South Africa, on 4 February 2026. Reuters/Siphiwe Sibeko

Telkom, majority owned by the government, said its headline earnings per share rose to 708.5c ($0.43) in the year to 31 March, up from 544.5 cents a year earlier.

• Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 13.3% to 12.5 billion rand ($768.99m) on structural improvements in its cost base, resulting in EBITDA margin expanding to 28.1%.

• Revenue rose 1.4% to R44.5bn.

• Prepaid service revenue jumped 10.3%, fuelling a 6.8% increase in overall mobile business service revenue.

• Mobile data revenue grew 10.5%, fibre-related data revenue by 6.3%.

• Dividend payout ratio range increased to 40% to 60% of free cash flow, from 30% to 40%.

• Final dividend of 270c per share declared, up 65%.

Source: Reuters

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