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

Further 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")


FURTHER TRADING STATEMENT FOR THE YEAR ENDED 31 MARCH 2025


Shareholders are advised that Telkom is in the process of finalising its annual results for the year ended
31 March 2025 ("FY2025" or the "current year"), which are scheduled to be released on the Stock
Exchange News Service ("SENS") of the JSE Limited ("JSE") on or about 10 June 2025.
In terms of the JSE 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.

Taking into account the disposal of Telkom's 100% equity shareholding in Swiftnet, effective 31 January
2025, Telkom is updating the initial trading statement released on 28 March 2025 and is pleased to
confirm its robust operational performance and profit growth compared to the prior year. The updated
statement provides the following expected increases for the Group's basic earnings per share ("BEPS")
and headline earnings per share ("HEPS") for continuing operations and on a reported basis for total
operations for FY2025 as presented in the tables below.


                                  Results for the       Results for the year ended 31 March 2025
Continuing operations                  year ended
                                                         Estimated earnings             Estimated
                                    31 March 2024
                                                              range (cents)          increase (%)
                                          (cents)
BEPS
  - Adjusted*                               297.8            670.1 – 699.8            125% – 135%
  - Reported                                297.8            550.9 – 580.7              85% – 95%
HEPS
  - Adjusted*                               288.1            561.8 – 590.6             95% – 105%
  - Reported                                288.1            446.6 – 475.4              55% – 65%
Weighted average number of            486 904 628              490 660 883
shares

Continuing operations: The difference between BEPS and HEPS relates to a total net adjustment of
approximately R483 million comprising of net profit on disposal of property, plant & equipment and
intangible assets of approximately R740 million, offsetting net write-offs of property, plant & equipment
and intangible assets amounting to R257 million.


Confidential
Reported total operations          Results for the      Results for the year ended 31 March 2025
(continuing and                         year ended
                                                           Estimated earnings              Estimated
discontinued)                        31 March 2024
                                                                range (cents)           increase (%)
                                           (cents)
BEPS                                         385.5         1 503.5 – 1 542.0             290% – 300%
HEPS                                      376.0                526.4 – 564.0               40% – 50%
Weighted average number of             486 904 628               490 660 883
shares

The difference between BEPS and HEPS on total operations is largely due to the estimated R4 347
million after tax profit made on the disposal of Swiftnet which is included as part of discontinued
operations.

*Adjusted earnings are presented to illustrate the underlying performance of the Group's operations for
the current year, as internally managed. Adjusted BEPS and HEPS exclude the R451 million after tax
earnings impact of the conversion of the Telkom Retirement Fund to a defined contribution fund and
restructuring costs of R117 million (after tax), as previously disclosed and included in the half-year results.
Adjusted financial information is the responsibility of the Board, prepared for illustrative purposes, and
because of its nature may not fairly present the financial position, changes in equity, results of operations
or cash flows of the Group as required for reporting purposes.

The financial information in this announcement has not been reviewed or reported on by the Group's
auditors.

Annual results presentation webcast

The Group's annual results announcement for FY2025 is expected to be released on SENS on or about
10 June 2025, and will be accompanied by a presentation to be held at 10h00 at the offices of the JSE,
One Exchange Square, Gwen Lane, Sandton on the same day. The presentation will be made available
on the Group's website at https://group.telkom.co.za once the results announcement has been released
on SENS.

Centurion
02 June 2025

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

Date: 02-06-2025 09:25:00
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