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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.
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Q3 2026 TU earnings summary16 Feb, 2026

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.

BCX's transformation initiatives progress
Mobile non-metro market share strategy impact
Openserve connectivity rate drivers beyond homes passed
BCX: What tangible actions for turnaround?
Mobile data growth: Key drivers for sustainability?
ICASA regulations: Expected financial impact?
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Frequently asked questions

Telkom SA SOC Ltd (Telkom) is a comprehensive provider of information and communications technology (ICT) services based in South Africa. The company's portfolio spans integrated voice, broadband and internet, IT and cloud services, as well as equipment and devices. It also offers mobile, convergence, and data center solutions, catering to a wide array of industry sectors including retail, mining, banking, financial services, healthcare, and the public sector among others. Telkom's fixed-line services encompass subscription and various other services like data and internet, while its mobile segment provides voice services, data services, and handset sales. Additionally, Telkom operates significant business units such as Telkom Consumer, Openserve, BCX, and Gyro, each focusing on specific segments like fixed broadband, internet service, converged communications, and IT services.The company is headquartered in Centurion, South Africa, and its shares are listed on the Johannesburg Stock Exchange.

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