TELKOM SA SOC LIMITED - Trading Statement for the six months ended 30 September 2025

Trading Statement for the six months ended 30 September 2025

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

TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2025


 Shareholders are advised that Telkom is in the process of finalising its interim results for the six months
 ended 30 September 2025 ("H1 FY2026" or the "current period").
 In terms of paragraph 3.4(b) 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.

 Shareholders are advised that the Group's reported basic earnings per share ("BEPS") and headline
 earnings per share ("HEPS") from continuing operations and total operations (continuing and
 discontinued) in the current period, when compared to continuing operations and total operations
 (continuing and discontinued) for the six months ended 30 September 2024 (the "prior period") are
 expected to be within the ranges outlined in the tables below:


Continuing operations               Results for the        Results for the six months ended 30
                                     six months                      September 2025
                                        ended             Estimated earnings         Estimated
                                    30 September             per share range        increase (%)
                                     2024 (cents)            (cents)

 BEPS                                    173.2                311.8 – 329.1             80% – 90%
 HEPS                                   146.9                 301.1 – 315.8            105% – 115%
 Weighted average number of          490 870 665              492 453 984
 ordinary shares


 Total operations                    Results for the         Results for the six months ended
 (continuing and                      six months                     30 September 2025
 discontinued)                            ended            Estimated earnings         Estimated
                                     30 September            per share range        increase (%)
                                      2024 (cents)           (cents)
 BEPS                                     217.6               311.8 – 329.1              43% –51%
 HEPS                                     191.5               301.1 – 315.8              57% – 65%
 Weighted average number of           490 870 665              492 453 984
 ordinary shares


Confidential


 The increase in BEPS and HEPS from continuing operations was mainly due to the once-off expenses in
 the prior period relating to the after-tax impact of R451 million for the derecognition loss of the Telkom
 Retirement Fund ("TRF"), and the after-tax impact of R117 million relating to restructuring costs.
 Continued underlying operating performance as well as focused structural cost containment have
 contributed to the earnings growth. Total operations included Swiftnet in the prior period which was
 disclosed as a discontinued operation and the sale was concluded in FY2025.

 The difference between BEPS and HEPS relates to the exclusion of the net profit on disposal of
 property, plant & equipment and intangible assets, which is offset by the net write-offs on property,
 plant & equipment and intangible assets.

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

 Interim results presentation webcast
 The Group's interim results announcement for H1 FY2026 is expected to be released on SENS on or
 about 18 November 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
 10 November 2025

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


Confidential

Date: 10-11-2025 07:30:00
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