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Telstra unveils $2.41B profit and share buyback
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Telstra unveils $2.41B profit and share buyback

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  • Telstra reported a 2.7% rise in full-year profit to $2.41 billion alongside a new $1 billion share buyback programme.
  • The company increased its final dividend to 10.5 cents per share, with the stock rising to $5.
  • The telecommunications provider stated the result was driven by customer demand and strategic investments in AI-supported infrastructure.

Telstra (ASX:TLS) reported a 2.7% full-year profit increase to $2.41 billion alongside a $1 billion share buyback.

The $2.41 billion profit represents an improvement from the $2.34 billion recorded during the previous financial year.

"We increased investment in our network and delivered ongoing earnings growth," said Telstra CEO Vicki Brady.

The company stated that underlying earnings are expected to reach $8.5–8.8 billion in FY27.

Following the announcement, the Telstra share price was up at $5, as executives forecast further infrastructure growth.

Telstra secured Firmus, Microsoft (NASDAQ:MSFT), Google (NASDAQ:GOOGL), and Amazon (NASDAQ:AMZN) as partners for its Aura Network.

The firm also upgraded nearly 1,200 mobile sites with advanced 5G capabilities over the past year.

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