Telkom South Africa has shown robust growth in its latest financial results, strengthening its position as a leading digital infrastructure provider. For the fiscal year ended 31 March 2025, Telkom’s Group EBITDA rose by 25.1% to R11.8 billion, while group revenue increased by 3.3% to R43.9 billion. The company declared dividends of 261 cents per share, buoyed by a 13.4% jump in mobile subscribers to 23.2 million and significant gains from the disposal of Swiftnet assets[1].
The mobile segment remains the company’s primary growth driver. Telkom’s mobile service revenue grew by 10.2%, aided by nearly three million new users joining its network during the period. The prepaid segment experienced particularly strong momentum, growing by 15.4% as demand for affordable mobile services surged, especially in non-metropolitan regions. The base of mobile data subscribers also rose by 19.5%, now reaching 15.2 million users[6].
During results presentations, Telkom Group CEO Serame Taukobong emphasized the stabilization and future growth potential of the business, pointing to the doubling of headline earnings per share to 544.5 cents and thriving data traffic across both mobile and fixed platforms. The company’s successful “OneTelkom” strategy has supported these upward trends, setting the stage for continued operational improvements and ambitious objectives for the next three years[3].
Telkom’s wholesale division, Openserve, is advancing regional connectivity by expanding terrestrial and undersea cable networks in Southern Africa. Strategic partnerships with global providers, including Google, are enabling new cross-border infrastructure, such as international points of presence linking South Africa with Angola and Brazil. These investments aim to secure resilient digital routes and accommodate increasing data demand[6].
The company’s momentum began building last year, with Telkom recording 24 million mobile users (as of December 2024), narrowing the gap with major competitors Vodacom and MTN. This translated into a 21.6% year-on-year subscriber increase, supported by a 17.3% surge in mobile data subscribers and a 22.2% growth in mobile data traffic, underpinning nearly 10% growth in mobile service revenue for the quarter[7].