Telstra Reports 9.4% Increase in Half-Year Profit

• Profit attributable rose to A$1.12 billion from A$1.03 billion in the same period last year
• Mobile business provided steady contributions supporting overall profit growth
• Cost-cutting initiatives were a key factor in boosting the company's profitability

Telstra Reports 9.4% Increase in Half-Year Profit

Key Financial Results:

Telstra Group, Australia's leading telecommunications company, reported a 9.4% increase in half-year profit for the six months ended December 31. Profit attributable rose to A$1.12 billion ($788.03 million) from A$1.03 billion in the prior year period.

Performance Drivers:

The earnings growth was supported by two primary factors:

• Steady contributions from the company's mobile business segment
• Successful cost-cutting initiatives that enhanced the bottom line

Market Context:

As Australia's top telecom firm, Telstra's solid performance demonstrates resilience in the competitive telecommunications sector. The company's ability to maintain stable mobile business revenue while simultaneously reducing operational costs indicates effective management execution and operational efficiency.

Currency Note:

Financial figures are based on an exchange rate of $1 USD = 1.4213 Australian dollars.

Implications:

The positive results suggest Telstra is successfully navigating the telecommunications landscape through operational discipline and core business strength. The 9.4% profit increase, driven by both revenue stability and cost management, positions the company favorably for continued performance. Investors may view this as evidence of sustainable earnings growth potential, particularly as the company demonstrates its ability to extract value from its dominant mobile business while maintaining cost controls. The results were announced on February 19, reflecting the company's performance through the end of 2025's calendar year.