Telstra dials up shareholder returns with A$1 billion buyback, posts modest profit rise

Aug 13 : Australia's Telstra Group unveiled a A$1 billion ($705.9 million) share buyback on Thursday and reported a marginal rise in annual profit, driven by growth in its mobile business and higher customer spending.The telecom firm posted profit attributable of A$2.24 billion for the year ended June 30, up 3.2 per cent from year-ago levels. That was slightly below a Visible Alpha consensus estimate of A$2.30 billion.Telstra announced the buyback after completing a A$1.25 billion repurchase programme in June, citing earnings growth and balance-sheet strength. Revenue at Telstra's mobile segment, its largest and 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 service revenue growth.