Telkom’s financial results explained in 8 simple slides

Telkom’s financial results for the year to 31 March 2021 is a tale of two parts – mobile doing great, and the rest struggling to grow.

Telkom’s revenue was basically flat (up 0.4%) at R43.2 billion, but its EBITDA grew 11.7% to R11.97 billion thanks to increasing its EBITDA margin to 27.7%.

The company is transitioning from a fixed-line operator to a converged ICT provider, and its latest results clearly shows this transition.

Growth is now driven by the mobile division while legacy fixed-voice income only contributes 15% to the business.

Telkom CEO Sipho Maseko said the mobile business continued its growth trajectory as they surpassed 15 million subscribers during the year.

Mobile data revenue grew by 41.0% and underpinned the 34.5% increase in mobile service revenue to R16.94 billion.

Telkom’s fixed-line and business segments suffered with declining subscriber numbers and revenue.

The company’s fixed-line subscribers dropped from 1.602 million in March 2020 to 1.284 million in March 2021.

Telkom’s BCX unit also suffered a decline in revenue as the national lockdown and the work-from-home response impacted fixed-voice revenues from enterprise customers.

To get a quick overview of Telkom’s latest financial results, here are slides from the company’s presentation.


Telkom increased revenue by 0.4%, and EBITDA by 11.7%.


Telkom is making nearly half of its money from mobile.


Telkom is investing heavily in mobile and fibre.


Strong mobile data growth, with mobile data revenue increasing 41% to R12.211 billion.


Continued growth in the mobile business, with service revenue up 34.5% to R16.94 billion.


BCX had a tough year, with communications revenue down 12.3% and IT services down 7.9%.


Openserve showed strong growth in fibre.


Gyro grew its masts and towers portfolio and increased revenue and EBITDA.


Now read: Telkom mobile’s incredible performance

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Telkom’s financial results explained in 8 simple slides