The company claimed the growth, which was higher than expected, was off the back of “strong momentum” across the business.
“We delivered ongoing growth in earnings,” CEO Vicki Brady said, “reflecting… strong cost control and disciplined business management.”
The profits came despite income from items being sold by the company falling by $132 million.
Telstra said they had decreased their labour expenses by 5.8 per cent, saving $118 million.
Much of this has come from a reduction in the workforce, with the company saying it had shed 2356 jobs in 2025.
Over 1000 of these have come in the last half of the year, meaning Telstra’s workforce has been reduced by 7.4 per cent.
Telstra’s share price rose in response to today’s news, rising around four per cent to $5.20 at the time of writing.
NEVER MISS A STORY: Get your breaking news and exclusive stories first by following us across all platforms.
