TELKOM SA SOC LIMITED - Initial Trading Statement for the year ended 31 March 2025

Initial Trading Statement for the year ended 31 March 2025

Telkom SA SOC Limited
Registration number 1991/005476/30
JSE share code: TKG
JSE bond code: BITEL
ISIN: ZAE000044897
("Telkom" or the "Group")


INITIAL TRADING STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

In terms of the JSE Limited Listings Requirements, a listed company is required to publish a trading
statement once it is satisfied that a reasonable degree of certainty exists that the financial results for the
financial period to be reported on next, will differ by at least 20% or more from those of the previous
comparable period.

Shareholders are hereby advised that a reasonable degree of certainty exists that for the year ended 31
March 2025 ("FY2025" or the "current year") total operations basic earnings per share ("BEPS") and
headline earnings per share ("HEPS") will at a minimum increase by:
                                                                        Results for the year ended
                                             Results for the                 31 March 2025
                                               year ended 31
                                                                            Minimum            Minimum
                                                  March 2024
                                                                          estimated          estimated
                                                     (cents)
                                                                   earnings (cents)         increase %
 Total operations
 Basic earnings per share
  - Reported                                          385.5c               1 542.0c             300.0%
 Headline earnings per share
   - Reported                                         376.0c                 413.6c              10.0%

Telkom is pleased to advise that parties successfully closed out the sale of Swiftnet on 27 March 2025.
The Provisional Consideration received in cash amounted to R6,575bn.

The increase in reported earnings is mainly due to the profit made on the sale of Swiftnet, a non-recurring
item impacting the current year results. The financial information in this announcement has not been
reviewed or reported on by the Group's auditors.

A further trading statement will be issued once a reasonable degree of certainty exists as to the likely
range for total operations BEPS and HEPS. The Group's annual results announcement for FY2025 is
expected to be released on SENS on or about 10 June 2025.


Centurion
28 March 2025

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited





Date: 28-03-2025 08:00:00
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