Telstra posts $2.3b revenue, up 30 per cent, | Australian Markets
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Australia’s greatest telecommunications supplier has delivered bumper revenue growth of more than 30 per cent, because it continues to drive down prices.Telstra reported a backside line web revenue of $2.3 billion for 2024/25, up from $1.8 billion within the earlier financial 12 months, regardless of a tiny uptick in income to $23.1 billion.
However, the end result was skewed by a important one-off price of $715 million booked within the prior period and linked to restructuring efforts in a single of its companies.
Underlying earnings rose nearly 5 per cent to $8.6 billion, which was within its steerage vary.
“We delivered our fourth consecutive year of underlying growth, reflecting momentum across our business, strong cost control and disciplined capital management,” chief government Vicki Brady mentioned in a assertion.
Telstra’s cellular business drove most of the revenue end result, after producing income growth of 3.5 per cent.
“Trends indicate that demand for connectivity will only grow,” Ms Brady mentioned.
“Our ambition is to be the number one choice for connectivity in Australia and to continue delivering on our purpose to build a connected future so that everyone can thrive.”
Telstra declared a last dividend of 9.5 cents, taking the entire for the 12 months to June 30 to 19 cents.
It additionally introduced an on-market share buyback price up to $1 billion as a reward to shareholders.
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