Telkom’s big Swiftnet boost

Telkom expects a significant jump in earnings for its 2025 financial year, largely due to the sale of its masts and towers business.

The telecoms giant released a trading update for the year ended 31 March 2025 on Monday, 2 June 2025. This comes after an initial trading statement released on 28 March 2025.

The company explained that its earnings will jump by as much as 300% in its upcoming results, largely due to the sale of Swiftnet, its masts and towers business, in the period.

The group reported a total net adjustment of approximately R483 million, comprising net profit on the disposal of property, plant & equipment and intangible assets of approximately R740 million.

This offset net write-offs of property, plant & equipment and intangible assets amounting to R257 million.

Therefore, Telkom expects its basic earnings per share (BEPS) and headline earnings per share (HEPS) from continuing operations to increase by the following:

The “Adjusted” figures in the table above illustrate the underlying performance of Telkom’s operations for its 2025 financial year, as internally managed. 

Therefore, the adjusted BEPS and HEPS figures exclude R451 million after tax earnings impact resulting from converting the Telkom Retirement Fund to a defined contribution fund.

These figures also exclude restructuring costs of R117 million.

Telkom is expected to release its results for the year through March 2025 on or about 10 June 2025.