Telkom has showcased remarkable financial growth for the fiscal year ending March 31, 2026. The company reported a profit increase of 27.5%, rising from US$171 million toUS$218 million, largely fueled by substantial growth in data revenue from its mobile and residential fibre Internet sectors.
The annual results, released on June 2, 2026, highlighted that, excluding the impacts of the Telkom Retirement Fund settlement and related restructuring costs, the profit from the previous year would have been US$206 million, marking a 5.9% rise from the 2024/25 fiscal year. Group revenue increased modestly by 1.4% to US$2.7 billion, driven mainly by performance from its consumer and Openserve divisions, although revenue from its enterprise connectivity arm, BCX, declined.
Telkom reduced overall costs by 1.1%, driven by effective cash and cost management strategies. Earnings before interest, tax, depreciation, and amortisation (EBITDA) surged by 13.3% to US$768 million, or increased by 5.8% after adjustments for prior-year losses, contributing to an expanded EBITDA margin of 28.1%. The company also improved its cost-to-income ratio to 73% and reduced its net debt-to-EBITDA ratio from 0.6x to 0.5x.
Free cash flow rose 10.4% to US$189 million, underscoring disciplined cash management. CEO Serame Taukobong stated that these results affirm Telkom’s transformation strategy, which aims to ensure sustainable earnings and boost shareholder returns. Consequently, the board increased the dividend payout ratio to 40%-60%, declaring an ordinary dividend of 270 cents per share, a 65.7% increase from the previous year.
