Telstra Group (TLS) investor relations material

Executive summary

• Delivered strong FY26 results with EBITDA/EBITDAaL up 3% to AUD 8.2B, NPAT up 2.7% to AUD 2.4B, and EPS up 5.3% to AUD 0.199, supported by disciplined cost control, capital management, and the Connected Future 30 strategy.

• Cash EPS rose 14% to AUD 0.255, and underlying ROIC increased to 9%.

• Completed AUD 1.25B share buyback and announced up to AUD 1B additional buyback, reflecting confidence in financial strength.

• Customer engagement and digital transformation initiatives drove record NPS and improved operational efficiency.

• Significant investment in network resilience, digital infrastructure, and AI capability, with a focus on supporting Australia’s digital future.

Financial highlights

• EBITDA/EBITDAaL up 3% to AUD 8.2B; underlying EBITDA/EBITDAaL up 4% to AUD 8.3B, in line with guidance.

• Net profit after tax up 2.7% to AUD 2.4B; cash earnings up 12% to AUD 2.9B.

• EPS up 5.3% to AUD 0.199; cash EPS up 14% to AUD 0.255.

• Total FY dividend AUD 0.21 per share, up 10.5% on cash basis, 90.5% franked.

• Net debt stable at 1.9x EBITDA; average cost of debt reduced to 4.8%.

Outlook and guidance

• FY27 underlying EBITDA/EBITDAaL guidance: AUD 8.5B–8.8B; BAU CapEx: AUD 3.35B–3.65B.

• Cash EBIT expected between AUD 4.75B–4.95B; strategic investment guidance AUD 0.2B–0.3B.

• Continued focus on mobile transformation, network resilience, AI-driven business transformation, and disciplined capital allocation.

• Aura Network investment revised to AUD 1.8B through FY28, with mid-teens IRR and ~9-year payback expected.

• Ambition to deliver mid-single digit CAGR in cash earnings and 10% underlying ROIC by FY30.