Reported headline earnings per share (Heps) are projected to come in at between 446.6 cents and 475.4 cents, compared to 288.1 cents in the prior year. Adjusted Heps – reflecting the underlying performance of Telkom’s continuing operations – are expected to range between 561.8 cents and 590.6 cents.
“Taking into account the disposal of Telkom’s 100% equity shareholding in Swiftnet, effective 31 January 2025, Telkom is updating the initial trading statement released on 28 March 2025 and is pleased to confirm its robust operational performance and profit growth compared to the prior year,” the group said.
Commenting on the update, Greg Davies, head of wealth at Cratos Capital, said on social media platform X that Telkom shareholders have “plenty of reasons” to be optimistic.
“Headline earnings per share are also on track for a major increase, up to 105% higher for continuing operations. This points to robust underlying profit growth across the business,” he noted.
The disposal of Swiftnet – Telkom’s masts and towers subsidiary, which included more than 4 000 sites across South Africa – resulted in an after-tax profit of approximately R4.35 billion, contributing to a nearly 300% increase in reported earnings, Davies added.
Telkom finalised the R6.75 billion Swiftnet sale in March. The buyer is a consortium led by global infrastructure investor Actis. Actis now holds a 70% stake in the tower business, with Royal Bafokeng Holdings owning the remaining 30%.
Telkom is expected to release its full-year results for 2025 on or around Tuesday, 10 June. – moneyweb.co.za
