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Telkom (TKG) investor relations material
Telkom Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved top employer certification for the fourth consecutive year, reflecting strong organizational culture and talent management.
Data-led strategy drove robust data revenue growth, with group data revenue up 9.6% for the quarter and 8.5% year-to-date, now contributing 60% of total revenue.
Group revenue increased 1.3% year-over-year for the quarter and 2.7% year-to-date, with EBITDA up 8.4% for the quarter and 7.8% year-to-date, and margin expanding to 29.1% due to cost optimisation.
Mobile subscribers surpassed 25 million, with mobile data subscribers up 29.3% to 19.3 million, and fibre connectivity rate at 52.4%.
Capex investment focused on mobile and fibre, totaling R4.17 billion year-to-date at a 12.6% intensity ratio.
Financial highlights
Group revenue for the quarter was R11.13 billion, up 1.3% year-over-year; year-to-date revenue reached R33.24 billion, up 2.7%.
Group EBITDA (adjusted) for the quarter was R3.24 billion, up 8.4%, with a margin of 29.1%. Year-to-date EBITDA was R9.26 billion, up 7.8%, with a 27.9% margin.
Mobile service revenue grew 7.2% for the quarter and 7.6% year-to-date; mobile data revenue up 12.9% for the quarter and 11.2% year-to-date.
Openserve revenue up 2.2% for the quarter and 2.5% year-to-date, with fibre-related data revenue up 9.6% year-to-date and 8.7% for the quarter.
BCX revenue declined 9.3% for the quarter and 5.9% year-to-date, with EBITDA margin at 10.4%.
Outlook and guidance
EBITDA margin exceeded the upper end of 25%-27% guidance; capex intensity within 12%-15% guidance.
Continued focus on cost optimisation and investment in mobile and fibre to drive growth.
Openserve to maintain fibre-led revenue growth and high connectivity rates; BCX to focus on operational stabilisation and margin discipline amid leadership transition.
Mobile business to drive further service revenue growth, especially in prepaid and non-metro regions.
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