Australia's Telstra posts 3.2% rise in annual profit, unveils further $706 million buyback

Aug 13 : Australia's Telstra Group announced an additional share buyback of up to A$1 billion ($705.90 million) on Thursday and reported a 3.2 per cent rise in annual profit, driven by growth in its mobile business and higher customer spending.The telecom firm posted attributable profit of A$2.24 billion for the year ended June 30, up from A$2.17 billion a year earlier but below a Visible Alpha consensus estimate of A$2.30 billion.Telstra announced the further share buyback after completing an A$1.25 billion repurchase programme in June, citing earnings growth and balance-sheet strength.Revenue at Telstra's mobile segment, its largest accounting for about 44 per cent of group income, grew 3.2 per cent to A$11.37 billion in 2026, helped by higher average revenue per user (ARPU) and mobile s