Telkom Sa Soc Ltd. · JSE:TKG
Telkom Sa Soc — FY2026 Earnings Presentation
24 slides from Telkom Sa Soc's earnings presentation, June 2026
Slide 1: Group Annual Results
Slide 2: Table of contents
1 Telkom Group Annual Results FY2026 Overview of our business Operational data Financial performance Table of contents The following four Sustainable Development Goals (SDGs) were identified as presenting the most Telkom operating structure material opportunities for Telkom to enhance its positive i
Slide 3: Highlights
2 Telkom Group Annual Results FY2026 Overview of our business Operational data Financial performance Telkom delivers another year of strong earnings, Group financial performance measures for continuing operations dividend payout ratio and declaration increase supported by healthy free cash flow Fina
Slide 4: Overview of our business
Home Overview of our business Operational data Financial Overview statements of our business Operational data Financial performance 3 Telkom Group Annual Results FY2026 Overview Message from Serame Taukobong, Group CEO of our These results validate our strategy for Telkom’s transformation as we conf
Slide 5: Sustainability and embedding AI into our operations; Outlook
4 Telkom Group Annual Results FY2026 Overview of our business Operational data Financial performance Telkom Consumer refreshed its identity to Sustainability and embedding AI into Outlook Its ongoing network simplification and energy reflect its positioning as a modern and our operations transformat
Slide 6: Group financial performance
5 Telkom Group Annual Results FY2026 Overview of our business Operational data Financial performance The decrease in operating expenses was partially offset by a 5.6%2 increase in Group financial performance employee expenses2. This resulted from a 5.8% average increase in salaries and higher Report
Slide 7: Capital allocation, statement of financial position, free cash flow
6 Telkom Group Annual Results FY2026 Overview of our business Operational data Financial performance Capital allocation March March Capital expenditure increased by 10.4% to The programme is aimed at implementing an advanced digital and AI-enabled platform 2026 2025 Variance R6 434 million, with the
Slide 8: Group dividend policy revised; return on invested capital
7 Telkom Group Annual Results FY2026 Overview of our business Operational data Financial performance This was partially offset by the transition from internal to external lease payments following the Group disposal of Swiftnet in FY2025. In addition, higher interest received and lower finance charge
Slide 9: Pro forma financial information
8 Telkom Group Annual Results FY2026 Overview of our business Operational data Financial performance The dividends will be subject to a local dividend withholding tax for those shareholders who are The restructuring cost and loss from the derecognition of the TRF liability, against which this not ex
Slide 10: Telkom Consumer: Accelerated Mobile growth
9 Telkom Group Annual Results FY2026 Overview of our business Operational data Financial performance Accelerated Mobile growth Drive for broadband adoption The Mobile business remains our primary Our data-led strategy continues to Our data-centric network strategy continues growth engine. Mobile ser
Slide 11: Openserve performance overview
10 Telkom Group Annual Results FY2026 Overview of our business Operational data Financial performance Performance overview Commercialising the network Openserve recorded a solid financial Our drive to expand connectivity continued, performance for the year, supported by a resulting in a 17.7% increa
Slide 12: BCX performance overview
11 Telkom Group Annual Results FY2026 Overview of our business Operational data Financial performance Information technology The implementation of a structured operating cadence has strengthened oversight of The IT business showed resilience. Overall performance, pipeline quality and deal revenue wa
Slide 13: Decarbonisation and environmental stewardship
12 Telkom Group Annual Results FY2026 Overview of our business Operational data Financial performance Telkom advances its Telkom advances For decades, Telkom, through In FY2026, Telkom decarbonisation and people development FutureMakers and the Telkom strengthened its intellectual environmental stew
Slide 14: Operational data
13 Telkom Group Annual Results FY2026 Overview of our business Operational data Financial performance Operational Operational data March March Variance data 2026 2025 % Mobile subscribers Active mobile subscribers1 25 671 212 23 175 835 10.8 Pre-paid 22 601 372 20 193 260 11.9 Post-paid 3 069 840 2
Slide 15: Financial performance
14 Telkom Group Annual Results FY2026 Overview of our business Operational data Financial performance Financial Group revenue Openserve Telkom Consumer BCX Eliminations1, IFRS 16 reversal2 and other Group1 Variance performance March March March March March March March March March March 2026 2025 202
Slide 16: Summary of consolidated statement of profit or loss
15 Telkom Group Annual Results FY2026 Overview of our business Operational data Financial performance Summary of the Consolidated statement Notes of profit or loss and other comprehensive Reported Pro forma income Other income decreased by 18.7% to R1 262 million, primarily attributable to March 202
Slide 17: Summary of consolidated statement of financial position
16 Telkom Group Annual Results FY2026 Overview of our business Operational data Financial performance Summary of the Consolidated statement March March Summary of the Consolidated statement March March of financial position 2026 2025 Variance of financial position 2026 2025 Variance Rm Rm % Rm Rm %
Slide 18: Summary of consolidated statement of cash flows
17 Telkom Group Annual Results FY2026 Overview of our business Operational data Financial performance Summary of the Consolidated statement March 2026 March 2025 Variance Notes of cash flows Rm Rm % Cash flows from operating activities 9 810 11 057 (11.3) Dividend received increased by 700.0% to R24
Slide 19: Annexure
18 Telkom Group Annual Results FY2026 Overview of our business Operational data Financial performance Annexure Mobile statement March March of profit or loss 2026 2025 Rm Rm Revenue 25 840 24 569 Other income 567 505 Direct expenses (9 051) (8 775) Operating expenses (9 871) (9 735) Employee expense
Slide 20: Abbreviations and definitions
19 Telkom Group Annual Results FY2026 Overview of our business Operational data Financial performance Abbreviations and definitions AI Artificial intelligence ppt Percentage point ARPU Average revenue per user ROIC Return on invested capital BCX Business Connexion (Pty) Ltd SAICA South African Insti
Slide 21: Pro forma financial information; forward-looking statements
20 Telkom Group Annual Results FY2026 Overview of our business Operational data Financial performance Pro forma financial information This Group presents various non-IFRS financial measures in the results announcement. These non- IFRS financial measures include (i) EBITDA (ii) HEPS, (iii) the net de
Slide 22: Independent Auditor's Assurance Report on pro forma information
21 Telkom Group Annual Results FY2026 Overview of our business Operational data Financial performance Independent Auditor’s Assurance Report on the compilation of pro forma financial information for the reasonable assurance about whether the Pro Forma Financial Information has been compiled, in all
Slide 23: Administration
22 Telkom Group Annual Results FY2026 Overview of our business Operational data Financial performance Administration Telkom SA SOC Limited Telkom register helpline Auditor Sponsor (Incorporated in the Republic 0861 100 948 PricewaterhouseCoopers Inc. Nedbank Corporate and Investment of South Africa)
Slide 24: Telkom BCX
Telkom —(=")"ve BCX