Telstra Launches A$1 Billion Buyback After 3.4% Rise in Annual Earnings
By Stuart Condie
SYDNEY--Telstra lifted its final dividend and announced plans to buy back another US$706.4 million of its own shares after it reported a 3.4% rise in annual earnings.
Australia's largest telecommunications provider on Thursday reported underlying earnings before interest, tax, depreciation and amortization for the 12 months through June of 8.92 billion Australian dollars, equivalent to about US$6.30 billion.
That compared with A$8.62 billion a year earlier, adjusted for one-off items such as divestments and restructuring costs, and guidance for between A$8.2 billion and A$8.4 billion.
The average analyst forecast had been for underlying Ebitda of A$8.95 billion from total income of A$23.75 billion, according to data compiled by Visible Alpha.
On a statutory basis, net profit rose by 3.2% to A$2.24 billion despite a 0.9% decline in total income to A$23.405 billion.
Telstra raised its final dividend to A$0.105 from A$0.095, in line with its half-year payout and analysts' expectations.
Telstra, which completed a A$1.25 billion on-market share buyback in June, announced a further on-market buyback of stock up to A$1 billion.
"This shifts our capital structure toward more debt and less equity and has been enabled by earnings growth and the strength of our balance sheet," Telstra said.
Write to Stuart Condie at stuart.condie@wsj.com
(END) Dow Jones Newswires
August 12, 2026 18:22 ET (22:22 GMT)
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