Telkom forecasts substantial earnings increase after Swiftnet sale

Telkom SA SOC Limited (JSE:TKG) has announced it expects basic earnings per share (BEPS) and headline earnings per share (HEPS) to increase significantly for the year ended March 31, 2025. The company forecasts a minimum 300% increase in basic earnings per share, projecting earnings of at least 1542.0 cents compared to 385.5 cents for the previous year. Headline earnings per share are expected to increase by a minimum of 10%, reaching at least 413.6 cents, up from 376.0 cents. The primary driver for the earnings surge is the profit from the sale of Swiftnet, which closed on March 27, 2025, generating R6.575 billion in cash. Telkom will issue a further trading statement when it has a more precise earnings range and plans to release its annual results around June 10, 2025.