Telstra Group (TLS) investor relations material

Opening remarks and agenda

• Craig Dunn chaired the AGM; the agenda covered Chair and CEO presentations, financial statements and reports.

Financial performance review

• FY26 EBITDAAL was $8.2b, up 3.0% YoY; EBIT was $4.0b, up 1.7%, and NPAT was $2.4b, up 2.7%.

• Underlying EBITDAAL reached $8.3b, up 4.0%; cash EBIT was $4.7b, up 8.0%, and underlying NPAT was $2.5b, up 4.9%.

• ROIC was 8.8%, up 0.3 percentage points; underlying ROIC was 9.0%, up 0.5 points. EPS was 19.9cps, up 5.3%; cash EPS was 25.5cps, up 14%.

• Underlying EBITDA grew 3.4% YoY and recorded a 6% CAGR from FY21 to FY26; fifth consecutive year of underlying earnings growth.

• Mobile services revenue rose 4.8%, with mobile handheld users up 274,000, or 1.9%.

Corporate governance

• AGM business included director elections and re-elections, CEO equity allocation and consideration of the Remuneration Report; Holly Kramer joined the board during the year.

• The board regularly reviews whether its skills match strategy and risks, including emerging AI-related needs.

• An external expert report found the network outage should have received higher priority; the board said it was taken seriously and resilience work was under way.

• Cybersecurity teams review and sign off on serious AI use cases, a process the chair said can slow deployment.