Telkom SA SOC Limited has concluded its fiscal year 2024 with impressive financial results, demonstrating resilience and growth amidst prevailing economic challenges. The telecommunications giant reported substantial improvements across key financial metrics, marking a significant milestone in its operational trajectory.
For the year ending 31 March 2024, Telkom SA reported a noteworthy 5.2% increase in normalised EBITDA, reaching R10.0 billion. This growth underscores the company’s effective cost management strategies and strong operational efficiencies in the face of inflationary pressures that have impacted businesses globally.
The reported EBITDA, which includes non-recurring restructuring costs from the previous year, saw a striking 18.4% rise. This increase not only reflects Telkom SA’s ability to navigate through transitional phases but also highlights its commitment to enhancing profitability despite financial headwinds.
One of the standout achievements of the fiscal year was the remarkable growth in adjusted headline earnings and adjusted basic earnings per share (EPS), both soaring by more than 100%. Adjusted headline earnings reached 376.0 cents per share, while adjusted basic EPS climbed to 385.5 cents per share. These figures underscore the positive impact of Telkom SA’s enhanced operational performance and strategic initiatives.
From a financial standpoint, the company reported adjusted profit for the year, which surged by over 100% to R1.9 billion. This significant growth trajectory was bolstered by one-off restructuring costs and reduced depreciation expenses, indicating a streamlined approach to financial management and resource allocation.
Telkom SA’s robust financial performance can be attributed to its relentless focus on innovation and meeting the evolving demands of its customer base. The continued strong demand for next-generation offerings has contributed to increased operating margins, further bolstering the company’s profitability amidst competitive market conditions.
In conclusion, Telkom SA SOC Limited’s fiscal year 2024 results paint a picture of resilience, growth, and adaptability in a challenging economic landscape. With sustained efforts in cost optimization and a strategic focus on operational excellence, the company has not only weathered inflationary pressures but has also positioned itself for continued success in the telecommunications sector.
As Telkom SA looks ahead, its ability to innovate and deliver superior customer value remains pivotal in sustaining this momentum and driving future growth opportunities.
