Telstra Sees FY26 Cash Ebit A$4.55B-$4.75B

Underlying Ebitda guidance has been replaced by underlying Ebitda after lease amortization, or Ebitdal, reflecting a broader measure of costs in the business.

• Sees FY26 Underlying Ebitdal A$8.15b-$8.45b
• Cash Ebit forecast equivalent to growth of 5.5%-10% on FY25, demonstrating the cash generation of oper. business
• Business as Usual capex of A$3.2b-$3.5b further demonstrates disciplined approach
  • Strategic investment is expected to be between A300m-A$500m in FY26, reflecting the continued rollout of our Intercity Fibre Network project

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