TELKOM SA SOC LIMITED - Trading Statement for the year ended 31 March 2026

Trading Statement for the year ended 31 March 2026

Telkom SA SOC Limited
Registration number 1991/005476/30
JSE share code: TKG
JSE bond code: BITEL
ISIN: ZAE000044897
("Telkom" or the "Group")


TRADING STATEMENT FOR THE YEAR ENDED 31 MARCH 2026

Shareholders are advised that Telkom is in the process of finalising its annual results for the year
ended 31 March 2026 ("FY2026" or the "current year") and it expects its data-led strategy to continue
delivering enhanced profitability.
In terms of paragraph 6.26 of the JSE Listings Requirements, a listed company is required to publish a
trading statement once it is satisfied that a reasonable degree of certainty exists that the financial
results for the financial year to be reported on next, will differ by at least 20% or more from those of the
previous comparable year.

Shareholders are advised that the Group's reported basic earning s per share ("BEPS") and headline
earnings per share ("HEPS") from continuing operations in the current year, when compared to
continuing operations and total operations (continuing and discontinued) for the year ended 31 March
2025 ("FY2025" or the "prior year") are expected to be within the ranges outlined in the tables below:


Continuing operations               Results for the              Results for the year ended
                                     year ended                        31 March 2026
                                    31 March 2025          Estimated earnings          Estimated
                                          (cents)             per share range        increase (%)
                                                                      (cents)

 BEPS                                      566.0                679.2 – 735.8           20% – 30%
 HEPS                                      467.5                677.9 – 724.6           45% – 55%
 Weighted average number of          490 660 883                  492 587 195
 ordinary shares

Earnings growth was primarily driven by a strong underlying operating performance, continued focus on
structural cost optimisation and lower finance charges resulting from reduced debt levels.

The prior year BEPS and HEPS from continuing operations were negatively impacted by the once-off
expenses relating to the after-tax derecognition loss of the Telkom Retirement Fund ("TRF") of R451
million or 91.9 cents per share and restructuring costs of R117 million or 23.8 cents per share.
Furthermore, prior year HEPS excluded the gain on sale of properties of R654 million which is significantly
higher than the R194 million recorded in the current year.


 Total operations                Results for the             Results for the year ended
 (continuing and                      year ended                          31 March 2026
 discontinued)                     31 March 2025
                                         (cents)          Estimated earnings             Estimated
                                                             per share range            (decrease)              
                                                                     (cents)          increase (%)
                                                                             
 BEPS                                    1 528.0               679.2 – 735.8         (56%) – (52%)
 HEPS                                      544.5               677.9 – 724.6             24% – 33%
 Weighted average number of          490 660 883                 492 587 195
 ordinary shares
 
Total operations included the gain on disposal of Swiftnet in the prior year which was disclosed as a
discontinued operation and the sale was concluded in FY2025.

The difference between BEPS and HEPS relates to the exclusion of the net profit on disposal of
property, plant & equipment and intangible assets, which is offset by the net write-offs on property, plant
& equipment and intangible assets.

The financial information in this announcement has not been reviewed or reported on by the Group's
auditors.

Annual results presentation webcast

The Group expects to publish its audited results for FY2026 on SENS on or around 2 June 2026,
accompanied by a presentation to be held at 10h00 at the offices of the JSE, One Exchange Square,
Gwen Lane, Sandton. The presentation will be made available on the Group's website at https://
group.telkom.co.za once the results announcement has been released on SENS.


Centurion
27 May 2026

Equity and Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited



Date: 27-05-2026 07:30:00
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