|
Summary of material accounting policies
Basic earnings per share
Earnings per share is calculated using the weighted average number of ordinary shares in issue during the period and is based on the profit after tax attributable to ordinary shareholders. For the purpose of calculating earnings per share, treasury shares are deducted from the number of ordinary shares in issue.
Diluted earnings per share is calculated by adjusting the weighted average number of ordinary shares outstanding to assume conversion of all dilutive potential ordinary shares and is based on the net profit attributable to ordinary shareholders.
Headline earnings per share
Headline earnings per share is calculated using the weighted average number of ordinary shares in issue during the period and is based on the earnings attributable to ordinary shareholders, after excluding those items as required by Circular 1/2023 Headline Earnings, as issued by SAICA and as required by the JSE Ltd.
| |
| Earnings and dividend per share |
31 March
2025
Cents |
| Continuing operations |
|
|
| Basic earnings per share |
719.5 |
566.0 |
| Diluted earnings per share |
711.8 |
558.0 |
| Headline earnings per share1 |
708.5 |
467.5 |
| Diluted headline earnings per share1 |
701.0 |
461.0 |
| Dividend per share2 |
260.9 |
— |
| Discontinued operation |
|
|
| Basic earnings per share |
— |
962.0 |
| Diluted earnings per share |
— |
948.5 |
| Headline earnings per share1 |
— |
77.0 |
| Diluted headline earnings per share1 |
— |
76.0 |
| 1 |
The disclosure of headline earnings is a requirement of the JSE LR. It has been calculated in accordance with the SAICA Circular 1/2023 issued in this regard as well as the relevant requirements of IAS 33. |
| 2 |
The calculation of dividend per share is based on the ordinary and special dividend declared on 10 June 2025 and paid on 14 July 2025 of R833 million and R500 million, respectively. A total of 511 140 239 ordinary shares were outstanding on the date of the dividend declaration. No dividend was declared or paid in the prior year. |
| |
| |
31 March
2026 |
31 March
2025 |
| Reconciliation of weighted average number of ordinary shares: |
Number of
shares |
| Weighted ordinary shares in issue |
511 140 239 |
511 140 239 |
| Weighted average number of treasury shares |
(18 553 044) |
(20 479 356) |
| Weighted average number of shares outstanding |
492 587 195 |
490 660 883 |
| Reconciliation of diluted weighted average number of ordinary shares: |
|
|
| Weighted average number of shares outstanding |
492 587 195 |
490 660 883 |
| Expected future vesting of shares related to Group employee share scheme incentive plans |
5 300 942 |
6 980 054 |
| Diluted weighted average number of shares outstanding |
497 640 937 |
| |
31 March 2025 |
Continuing operations
Reconciliation between earnings and headline earnings: |
Rm
Gross |
Rm
Net |
| Profit for the year |
|
3 548 |
|
2 783 |
| Non-controlling interests |
|
(4) |
|
(6) |
| Profit attributable to owners of Telkom |
|
3 544 |
|
2 777 |
| Profit on disposal of property, plant and equipment |
(194) |
(283) |
(654) |
(740) |
| Write-offs and impairments of property, plant and equipment and intangible assets |
311 |
229 |
328 |
257 |
| Headline earnings |
|
3 490 |
|
2 294 |
| Discontinued operation |
|
|
|
|
| Reconciliation between earnings and headline earnings: |
|
|
|
|
| Profit for the year |
|
— |
|
4 720 |
| Gain on disposal of Swiftnet (refer to note 12.2) |
— |
— |
(4 408) |
(4 347) |
| Write-offs of property, plant and equipment and intangible assets |
— |
— |
5 |
5 |
| Headline earnings |
|
— |
|
378 |
|
