Telstra Group Ltd

TLS: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Telstra Earnings: This is What "Shrinking to Greatness" Looks Like

Brian Han

Feb 19, 2026

Telstra delivered a 6% increase in fiscal 2026 first-half underlying EBITDA (after leases) to AUD 4.185 billion. Underlying net profit was up 12% to AUD 1.147 billion. Interim DPS also grew 11% to AUD 0.105, albeit now only 91% franked. Full-year guidance has been reiterated across all metrics.

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Telstra Group Ltd

Telstra Earnings: This is What "Shrinking to Greatness" Looks Like

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