Telstra continues $1bn share buy-back program

Telstra Group Limited announced an update to its on-market buy-back program on December 4, 2025. The company bought back 2,184,954 ordinary fully paid shares on the previous day, bringing the total number of shares repurchased before that day to 112,968,724. The consideration paid for the shares bought back on the previous day was AUD 10,673,274.14, with a highest price of AUD 4.91 and a lowest price of AUD 4.86.

The company intends to buy back up to approximately AUD 1 billion in value of its fully paid ordinary shares. The buy-back commenced on September 9, 2025, and is scheduled to conclude by June 30, 2026. Telstra maintains flexibility, stating it will execute the buy-back when deemed beneficial for efficient capital management and reserves the right to suspend or terminate the program at any time.

Barrenjoey Markets Pty Limited is the broker facilitating the buy-back. Telstra clarified that the buy-back does not require security holder approval and there are no minimum or maximum number of securities intended to be bought back beyond the total value target. The highest price allowed to be paid on the previous day under listing rule 7.33 was AUD 5.14.