Telkom on Monday published its financial results for the three months ended 31 December 2024 – and they’re good.
published its financial results for the three months ended 31 December 2024 – and they’re good, especially in the mobile business, which expanded service revenue by almost 10% year on year.
Telkom’s consumer business saw its prepaid segment grow by 25% to 21 million subscribers, while the post-paid base remained stable with improved average revenue per user. Ebitda – earnings before interest, tax, depreciation and amortisation – jumped by 51.4% to R1.5-billion, with a 6.5% improvement in the Ebitda margin.
Group Ebitda – a measure of operating profit – jumping by 28% to R3-billion, with margins expanding by 5.8 percentage points to 27.2%; “These results provide further proof that the execution of Telkom’s strategy is on track, delivering profitable growth,” said group CEO Serame Taukobong in a statement. “We are excited by the growing momentum across our business units, and we remain confident in our ability to meet our medium-term growth objectives as we continue to invest in our infrastructure, network and digital services.
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