Telstra Posts Strong Half-Year, Lifts Dividend and Expands Buy-Back

Telstra Corporation Limited ( (AU:TLS) ) just unveiled an announcement.

Telstra delivered a strong first half of FY26, with growth in earnings driven by momentum across its businesses, tight cost control and disciplined capital management. The company reported increases in EBITDAaL, EBIT, NPAT, earnings per share and return on invested capital, and highlighted a positive start to its Connected Future 30 strategy, which aims to deepen its focus on connectivity and support a prosperous digital future for Australia.

Supported by stronger cash earnings, Telstra’s board lifted the interim dividend to 10.5 cents per share, mostly franked, consistent with its goal of maintaining a sustainable and growing payout. The company also expanded its on-market share buy-back from up to $1 billion to up to $1.25 billion and tightened underlying EBITDAaL guidance to a narrower range, signalling confidence in its balance sheet, earnings trajectory and ability to enhance returns for shareholders.

The most recent analyst rating on (AU:TLS) stock is a Hold with a A$5.20 price target. To see the full list of analyst forecasts on Telstra Corporation Limited stock, see the AU:TLS Stock Forecast page.

More about Telstra Corporation Limited

Telstra Group Limited is Australia’s largest telecommunications and technology company, providing mobile, fixed-line, broadband and enterprise connectivity services. The group focuses on driving growth through network leadership and digital infrastructure, underpinning Australia’s broader digital economy and connectivity needs.

Average Trading Volume: 17,253,808

Technical Sentiment Signal: Buy

Current Market Cap: A$55.61B

See more data about TLS stock on TipRanks’ Stock Analysis page.