Telkom reported HEPS up 21.5% to 708.5c for FY26, ahead of FY25 adjusted HEPS of 583.2c. Revenue increased 1.4% to R44.48bn, driven by growth in Consumer and Openserve, partly offset by weaker BCX revenue. Free cash flow improved 10.4% to R3.07bn. The final dividend increased 65.7% to 270.1c, while the payout ratio was raised to between 40% and 60% of free cash flow.
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