Telstra logs higher annual profit, announces A$1 billion buyback
Add BT as a preferred source
TOP Australian telecom firm Telstra Group forecast higher operating earnings for fiscal 2026 and reported a 31 per cent rise in its fiscal 2025 profit on Thursday, driven by sustained growth in its mobile segment.
The telecom firm announced a A$1 billion (S$837 million) buyback, citing growth in earnings and a strong balance sheet, following February’s share repurchase announcement of A$750 million.
Telstra said it expects operating earnings between A$8.15 billion and A$8.45 billion for fiscal 2026, up from A$8.02 billion in fiscal 2025, as the company focuses on growing cash earnings through fiscal 2030.
The company reported a profit of A$2.34 billion for the year ended June 30, up from A$1.79 billion a year earlier and matching the Visible Alpha consensus estimate of A$2.34 billion.
It declared a final dividend of 9.5 Australian cents per share, slightly higher than the 9 Australian cents declared a year ago. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet
Singapore telco price war squeezes earnings, strengthens case for StarHub-M1 deal, say analysts
Sats slides 13.6% as investors dump shares on profit-margin squeeze
When every phone becomes a satellite phone, what happens to Asia’s telcos?
