Half Year 2025 Telkom SA SOC Ltd Earnings Call Transcript
Key Points
- Telkom SA SOC Ltd (FRA:TZL1) reported a robust set of interim results, showing significant progress in their data-led strategy.
- The company achieved a notable improvement in their adjusted debt to EBITDA ratios, indicating a stronger balance sheet.
- Mobile data and fiber data revenues continue to drive growth, with mobile services growing by 10% and fiber-related services by 15%.
- The company successfully executed on its promise to exit non-core properties, contributing to financial efficiency.
- Telkom SA SOC Ltd (FRA:TZL1) maintained a positive free cash flow of ZAR768 million, showcasing effective financial management.
- The administrative process for the Swiftnet exit is delayed, awaiting ICASA's approval, which could impact future plans.
- Despite improvements, the company still faces challenges with legacy revenue streams, which are declining.
- There is ongoing restructuring within BCX, including a Section 189 process, indicating internal challenges.
- The company has not seen a significant increase in device sales despite market changes, which could impact revenue growth.
- Roaming costs, although reduced, remain a factor, and the company acknowledges it will never be completely roaming-free.
(video playing)
Welcome, ladies and gentlemen to the Telkom interim results presentation. My name is Nondyebo Mqulwana, I am the Head of Investor Relations at Telkom.
This presentation is the first milestone detailing the delivery of our strategy for becoming the backbone of South Africa. What you'll see in this set of results is that our data led strategy and execution is delivering real results. We are joined on line via webcast by our guests via Chorus Call as well as through a live broadcast.
In the room, I would like to welcome Board members of Telkom, our Group CEO and CFO, the Group ExCo members and guests from the investment community, banking community, media and everyone else joining us in the room. We've got our standard disclaimer, which applies broadly to the oral presentation as well as the entire presentation in place.
If we turn to today's agenda, we are pleased to report a robust set of results building up on the progress made in the previous year. On this stage, we've got Serame, who's our
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