Telstra continues share buy-back program, reducing issued capital

Telstra Group Limited announced an update to its ongoing on-market buy-back program, with notifications filed on October 30, 2025. The company bought back 3,118,449 ordinary fully paid shares on the previous day (October 29, 2025) for a total consideration of AUD 15,203,551.38. Before this, Telstra had already bought back 65,968,291 securities. The highest price paid on the previous day was AUD 4.92, and the lowest was AUD 4.85.

Concurrently, Telstra notified the cessation of 27,782,018 ordinary fully paid shares, effective October 29, 2025. These shares were cancelled as part of the on-market buy-back program, with a total consideration paid of AUD 134,855,274.16. These cessations resulted from securities bought back between October 3, 2025, and October 27, 2025.

Following these cancellations, the total number of ordinary fully paid shares on issue for Telstra Group Limited stands at 11,322,699,994. The company intends to buy back up to approximately AUD 1 billion in value of its fully paid ordinary shares, retaining the right to suspend or terminate the program at any time, based on its efficient capital management considerations. The buy-back program is scheduled to run from September 9, 2025, to June 30, 2026, with Barrenjoey Markets Pty Limited acting as the broker.