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Statements of changes in equity

for the year ended 31 March 2025

   Attributable to equity holders of Telkom 
Group  Share
capital
Rm 
Non-distributable
reserves
Rm 
Share-based
compensation
reserve
Rm 
Retained
earnings
Rm 
Total
Rm 
Non-controlling
interest
Rm 
Total equity
Rm 
Balance at 1 April 2023  5 050  739  1 414  16 981  24 184  (23) 24 161 
Total comprehensive income  —  11  —  1 880  1 891  4  1 895 
Profit for the year  —  —  —  1 877  1 877  4  1 881 
Other comprehensive income  —  11  —  3  14  —  14 
Exchange gains on translating foreign operations  —  11  —  —  11  —  11 
Net defined benefit plan remeasurements  —  —  —  3  3  —  3 
Transactions with owners recorded directly in equity  —  —  36  —  —  —  — 
Increase in share-based compensation reserve (refer to note 9.2) —  —  85  —  36  —  36 
Increase in subsidiaries' share-based compensation reserve (refer to note 9.2) —  —  —  —  85  —  85 
Dividend declared (refer to note 9.4) —  —  —  —  —  (2) (2)
Balance at 31 March 2024  5 050  750  1 535  18 861  26 196  (21) 26 175 
Balance at 1 April 2024  5 050  750  1 535  18 861  26 196  (21) 26 175 
Total comprehensive (loss)/income  —  (13) —  7 495  7 482  6  7 488 
Profit for the year  —  —  —  7 497  7 497  6  7 503 
Other comprehensive loss  —  (13) —  (2) (15) —  (15)
Exchange loss on translating foreign operations  —  (13) —  —  (13) —  (13)
Net defined benefit plan remeasurements  —  —  —  (2) (2) —  (2)
Transactions with owners recorded directly in equity                      
Increase in treasury shares from BCX (refer to note 9.3) —  (45) —  —  (45) —  (45)
Increase in share-based compensation reserve (refer to note 9.2) —  —  38  —  38  —  38 
Increase in subsidiaries' share-based compensation reserve (refer to note 9.2) —  —  37  —  37  —  37 
Increase in treasury shares (refer to note 9.3) —  (107) —  —  (107) —  (107)
Dividend declared (refer to note 9.4) —  —  —  —  —  (1) (1)
Balance at 31 March 2025  5 050  585  1 610  26 356  33 601  (16) 33 585 
   Attributable to equity holders of Telkom 
Company  Share
capital
Rm 
Non-distributable
reserves
Rm 
Share-based
compensation
reserve
Rm 
Retained
earnings
Rm 
Total equity
Rm 
Balance at 1 April 2023  5 050  278  1 250  16 516  23 094 
Total comprehensive income  —  —  —  3 556  3 556 
Profit for the year  —  —  —  3 552  3 552 
Other comprehensive income  —  —  —  4  4 
Net defined benefit plan remeasurements  —  —  —  4  4 
Transactions with owners recorded directly in equity                
Increase in share-based compensation reserve (refer to note 9.2) —  —  36  —  36 
Increase in Openserve share-based compensation reserve (refer to note 9.2) —  —  35  —  35 
Balance at 31 March 2024  5 050  278  1 321  20 072  26 721 
Balance at 1 April 2024  5 050  278  1 321  20 072  26 721 
Total comprehensive income  —  —  —  7 123  7 123 
Profit for the year  —  —  —  7 122  7 122 
Other comprehensive income  —  —  —  1  1 
Net defined benefit plan remeasurements  —  —  —  1  1 
Transactions with owners recorded directly in equity                
Increase in treasury shares (refer to note 9.3) —  (107) —  —  (107)
Increase in Gyro share-based compensation reserve (refer to note 9.2) —  —  6  —  6 
Increase in share-based compensation reserve (refer to note 9.2) —  —  38  —  38 
Increase in Openserve share-based compensation reserve (refer to note 9.2) —  —  9  —  9 
Balance at 31 March 2025  5 050  171  1 374  27 195  33 790 
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