In addition to the sale, Telstra announced an on-market share buyback of up to $1 billion, following a previous buyback of $750 million, and declared a final dividend of 9.5 cents per share.

A one-off net cost of $715 million from the previous year, mainly related to impairments and restructuring, was not present this year, further improving the company's financial outlook.

Telstra now holds approximately 41% of the mobile market share in Australia, with its shares increasing by 22% in 2025, driven by demand for connectivity and higher-value plans.

Telstra, Australia's largest telecommunications provider, reported a significant increase in net profit for the 2024/25 financial year, reaching approximately $2.3 billion, up from around $1.8 billion the previous year, driven by higher mobile revenue and cost reductions.

The company's profit growth was supported by a 3.5% rise in mobile revenue, fueled by increased sales of more expensive smartphones and larger plans, which contributed to higher margins.

Despite the profit surge, Telstra's shares declined by 2.5% to $4.85 at market open, reflecting investor caution.

CEO Vicki Brady announced a new five-year strategy called 'Connected Future 30,' focusing on AI, data centres, and increasing returns to 8-10% annually.

This strategy emphasizes connectivity, AI integration, and core business innovation to foster sustainable growth.

However, the enterprise and international segments underperformed, with the enterprise sector declining as customers shift to digital services, and international earnings falling by $96 million.

Cost reductions, including the elimination of 3,208 jobs to cut expenses by 6%, played a key role in improving financial results, with further job cuts planned for the upcoming year.

Underlying EBITDA increased nearly 5% to $8.6 billion, and the company raised its full-year dividend by 5.6% to 19 cents per share, reflecting strong financial discipline.

Telstra sold 75% of its cloud business, Versent Group, to Infosys for $233 million, with about 650 staff transitioning to Infosys and the sale expected to close by March 2026.