Key highlights

  • Telstra reported EBITDAaL up 3% to A$8.2 billion and net profit after tax up 2.7% to A$2.4 billion for FY26.
  • The final Dividend is 10.5 cents per share, taking the total to 21 cents, up 10.5% on a cash basis.
  • FY27 guidance is for underlying EBITDAaL of A$8.5 billion to A$8.8 billion.

Telstra Group Limited (ASX:TLS) released its FY26 results on 13 August 2026. The announcement covered earnings, mobile growth, dividends and progress on its Connected Future 30 strategy, and gave guidance for FY27.

About Telstra

Telstra is Australia’s largest telecommunications company, with mobile, fixed consumer and small business, fixed enterprise and international wholesale and enterprise operations. Its Connected Future 30 strategy sets targets for cash Earnings growth, underlying return on invested Capital and operating leverage.

Reported and underlying results

Reported EBITDAaL rose 3% to A$8.2 billion, net profit after tax rose 2.7% to A$2.4 billion and Earnings Per Share rose 5.3% to 19.9 cents. Underlying EBITDAaL was up 4% to A$8.3 billion, cash EPS rose 14% to 25.5 cents, and underlying return on invested capital rose 0.5 percentage points to 9%.

Mobile and fixed businesses

Mobile service Revenue grew across postpaid, prepaid, wholesale handheld, mobile broadband and IoT, and average revenue per user grew in all categories. Mobile users grew by more than 270,000, or 1.9%. EBITDA grew in Fixed Consumer and Small Business through cost management, while the company continues to reset and reshape Fixed Enterprise and to refocus International Wholesale and Enterprise on digital infrastructure.

Dividend and FY27 guidance

The final dividend is 10.5 cents per share, bringing the total dividend for the year to 21 cents, up 10.5% on a cash basis. The final dividend is 90.5% franked. The company’s ambition under Connected Future 30 remains mid-single-digit growth in cash earnings.

For FY27, it expects continued underlying EBITDAaL growth, with a guidance range of A$8.5 billion to A$8.8 billion. Business-as-usual Capital Expenditure is expected at A$3.35 billion to A$3.65 billion, cash EBIT at A$4.75 billion to A$4.95 billion and strategic Investment at A$0.2 billion to A$0.3 billion.

Risks to consider

The company is lifting network investment while also referring to lessons from an outage in July. Network reliability and customer trust are central to its business.

Fixed Enterprise and international operations are being reshaped, which may affect earnings during the transition. Competition in mobile, regulation, and capital expenditure of A$3.35 billion to A$3.65 billion are further considerations.

Catalysts to watch

Items to watch include FY27 underlying EBITDAaL against the A$8.5 billion to A$8.8 billion range, network investment, mobile user and ARPU growth, Fixed Enterprise reshaping, and cash earnings growth under Connected Future 30.