Craytheon

Telstra Group Ltd · Financials

ASX: TLS · Communication Services · Telecom Services

A$4.89
At close 24 Jul 2026

Income Statement, FY16–FY25

Revenue, costs and profitability, exactly as reported in each year's audited accounts. Negative figures shown in (brackets).

10 financial years
Line item FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Revenue
Total Revenue 25.9B 26.0B 25.8B 25.3B 23.7B 21.6B 21.3B 22.7B 22.9B 22.7B
Costs and Expenses
Cost of Revenue (7.2B) (12.7B) (13.5B) (13.8B) (19.8B) (17.9B) (16.2B) (16.9B) (8.4B) (8.2B)
Gross Profit 18.7B 13.3B 12.4B 11.5B 3.9B 3.7B 5.1B 5.8B 15.0B 14.5B
Operating Expenses (13.0B) (7.0B) (6.6B) (7.8B) (1.6B) (1.4B) (2.3B) (2.5B) (7.5B) (11.2B)
Operating Income 5.6B 4.6B 3.8B 2.7B 2.3B 2.2B 2.8B 3.2B 3.0B 3.3B
Other Income/Expenses
Interest Expense (796M) (729M) (959M) (868M) (1.0B) (654M) (527M) (630M) (696M) (647M)
Profit Before Taxes 5.6B 5.6B 5.1B 3.1B 3.1B 2.5B 2.5B 2.9B 2.5B 3.3B
Income Tax 1.8B 1.8B 1.6B 923M 957M 539M 667M 812M (677M) 934M
Net Income 5.8B 3.9B 3.6B 2.2B 1.8B 1.9B 1.7B 1.9B 1.8B 2.2B
Per Share Data
Basic EPS 0.47 0.33 0.3 0.18 0.15 0.16 0.14 0.17 0.141 0.19
Diluted EPS 0.47 0.33 0.3 0.18 0.15 0.16 0.14 0.17 0.14 0.19
Shares Outstanding (in millions)
Basic Shares 12.2B 12.0B 11.9B 11.9B 11.9B 11.9B 11.8B 11.5B 11.5B 11.5B
Diluted Shares 12.2B 12.0B 11.9B 11.9B 11.9B 11.9B 11.8B 11.6B 11.6B 11.6B

Balance Sheet, FY16–FY25

Assets, liabilities and shareholders' equity at each financial year end. Negative figures shown in (brackets).

10 financial years
Line item FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Current Assets
Cash & Cash Equivalents 3.6B 938M 629M 604M 499M 1.1B 1.0B 932M 1.0B 1.0B
Short-term Investments – – – – 18M – – – – –
Accounts Receivable 4.7B 5.5B 5.0B 5.4B 5.1B 4.6B 4.1B 4.2B 3.8B 3.7B
Inventories 557M 893M 801M 448M 418M 385M 476M 546M 518M 485M
Total Current Assets 9.3B 7.9B 7.1B 7.3B 6.5B 7.1B 6.3B 6.7B 6.1B 6.5B
Non-Current Assets
Property, Plant & Equipment (Net) 20.6B 21.4B 22.1B 22.3B 21.5B 20.9B 20.5B 21.0B 20.9B 20.7B
Investments 565M 486M 1.3B 25M 4.4B 1.0B 15M 22M 33M 603M
Intangible Assets 9.2B 9.6B 9.2B 7.2B 7.4B 7.1B 8.2B 11.0B 12.4B 8.6B
Goodwill – – – – 1.1B – – – – 3.2B
Total Non-Current Assets 33.9B 34.3B 35.8B 35.3B 38.0B 35.4B 35.4B 38.3B 39.4B 38.5B
Total Assets 43.3B 42.1B 42.9B 42.6B 44.4B 42.5B 41.6B 45.0B 45.6B 45.0B
Current Liabilities
Short-term Debt & Overdrafts 2.7B 2.5B 1.6B 2.2B 2.8B 3.6B 2.7B 2.7B 3.7B 4.3B
Trade Payables 3.9B 4.2B 4.8B 4.5B 4.0B 3.8B 4.2B 4.4B 4.6B 4.2B
Total Current Liabilities 9.2B 9.2B 8.8B 9.6B 10.1B 10.4B 9.9B 10.1B 11.5B 11.5B
Non-Current Liabilities
Long-term Debt 14.6B 14.8B 15.3B 15.0B 13.1B 10.5B 8.3B 10.0B 10.2B 10.6B
Total Non-Current Liabilities 18.2B 18.4B 19.0B 18.5B 19.2B 16.8B 14.9B 17.1B 16.7B 17.1B
Total Liabilities 27.4B 27.6B 27.9B 28.1B 29.3B 27.3B 24.8B 27.2B 28.2B 28.7B
Shareholders' Equity
Share Capital 5.2B 4.4B 4.4B 4.4B 4.5B 4.5B 3.1B 3.1B 3.1B 2.3B
Retained Earnings 10.6B 10.2B 10.7B 10.1B 10.0B 10.0B 12.3B 12.3B 11.8B 9.8B
Total Shareholders' Equity 15.9B 14.6B 15.0B 14.5B 14.5B 14.6B 16.8B 17.8B 17.4B 13.9B
Total Liabilities & Equity 43.3B 42.1B 42.9B 42.6B 44.4B 42.5B 41.6B 45.0B 45.6B 45.0B

Cash Flow, FY16–FY25

Cash generated and spent across operating, investing and financing activities. Negative figures shown in (brackets).

10 financial years
Line item FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Operating Activities
Net Income 5.8B 3.9B 3.6B 2.2B 1.8B 1.9B 1.7B 1.9B 1.6B –
Cash from Operating Activities 8.1B 7.8B 8.6B 6.7B 6.3B 6.7B 6.8B 6.2B 6.5B 7.3B
Investing Activities
Investments in PPE (4.2B) (3.7B) (3.6B) (3.2B) (3.4B) (3.1B) (3.1B) (3.9B) (2.3B) (2.4B)
Cash from Investing Activities (2.2B) (4.3B) (3.9B) (3.6B) (2.4B) (2.4B) (3.5B) (6.0B) (5.0B) (3.4B)
Financing Activities
Debt Repayments 1.0B 139M (953M) 32M (2.1B) (1.7B) (2.3B) 885M 993M (7M)
Share Repurchases (68M) (1.5B) (18M) – (22M) (39M) (1.4B) (21M) (19M) (769M)
Dividends Paid (3.8B) (3.7B) (3.2B) (2.3B) (1.9B) (1.9B) (1.9B) (2.0B) (2.0B) (2.3B)
Cash from Financing Activities (3.8B) (6.1B) (5.0B) (3.1B) (4.0B) (3.6B) (3.4B) (333M) (1.2B) (4.0B)
Cash Position
Cash at Beginning of Period 1.4B 3.6B 936M 620M 604M 499M 1.1B 1.0B 932M 1.0B
Cash at End of Period 3.6B 936M 620M 604M 499M 1.1B 1.0B 932M 1.0B 1.0B
Free Cash Flow
Free Cash Flow (Reported) 3.9B 4.1B 5.0B 3.5B 2.9B 3.5B 3.7B 2.4B 1.4B 3.5B
Free Cash Flow (Calculated) 3.9B 4.1B 5.0B 3.5B 2.9B 3.5B 3.7B 2.4B 4.2B 4.9B

Analysis

What do Telstra's (TLS) revenue and earnings trends show over the past decade?

Telstra's revenue declined from $25.9B in FY2016 to $22.7B in FY2025, passing through a low of $21.3B in FY2022 before rising over the following three fiscal years. The decline was not a straight line: revenue held near $25.9B-$26.0B through FY2018 before stepping down toward the $21B-$23B range from FY2020 onward.

Margins compressed sharply over the same period. Gross profit fell from $18.7B in FY2016, a 72.0% gross margin, to as low as $3.7B in FY2021, a 17.1% margin, before recovering to $14.5B, or 63.9% of revenue, in FY2025. Operating income followed a similar pattern, easing from $5.6B (21.8% of revenue) in FY2016 to $3.3B (14.6% of revenue) in FY2025, with a low point of $2.3B in FY2020. Gross and operating margin figures for FY2024 were not disclosed in the company's reported figures.

Diluted earnings per share fell from $0.47 in FY2016 to $0.14 in both FY2022 and FY2024, before rising to $0.19 in FY2025, broadly tracking the decline and partial recovery in net income, which moved from $5.8B down to a low of $1.7B in FY2022 and back up to $2.2B in FY2025. The basic share count has drifted lower over the period, from about 12.2 billion in FY2016 to roughly 11.5 billion in FY2025.

Updated 4 Jul 2026

How strong is Telstra's (TLS) balance sheet?

Telstra's total assets stood at $45.0B at the end of FY2025, marginally above the $43.3B reported in FY2016 and down from a peak of $45.6B in FY2024. Total liabilities have moved in a fairly narrow band over the period, from a low of $24.8B in FY2022 to a high of $29.3B in FY2020, finishing FY2025 at $28.7B.

Combined short-term and long-term borrowings ($4.3B and $10.6B respectively) totalled $14.9B in FY2025 against shareholders' equity of $13.9B, a debt-to-equity ratio of roughly 1.07x. That compares with a low of about 0.65x in FY2022, when combined debt of $11.0B sat against equity of $16.8B. Cash and cash equivalents, which peaked at $3.6B in FY2016, have generally stayed below $1.2B since FY2018 and were $1.0B in FY2025.

Retained earnings climbed from $10.6B in FY2016 to a high of $12.3B in FY2023, before falling to $11.8B in FY2024 and $9.8B in FY2025, the lowest level in the reported record. Shareholders' equity followed a similar path, dropping from $17.8B in FY2023 to $13.9B in FY2025, even as total assets held roughly steady, pointing to a balance sheet where liabilities and leverage have grown relative to the equity base in the most recent year.

Updated 5 Jul 2026

How much cash flow has Telstra (TLS) generated and returned to shareholders?

Telstra's operating cash flow has ranged between $6.2B and $8.6B across the reported years, moving from $8.1B in FY2016 down to $6.2B in FY2023 before recovering to $7.3B in FY2025. Capital expenditure has generally run between $3.1B and $4.2B a year, though it spiked to $5.1B in FY2024. Free cash flow has been more volatile as a result, falling from $3.9B in FY2016 to a low of $1.4B in FY2024, before rebounding to $3.5B in FY2025.

Dividend payments have declined from $3.8B in FY2016 to a range of roughly $1.9B-$2.3B annually from FY2020 through FY2025, with $2.3B paid out in FY2025. Share buybacks have been smaller and irregular, ranging from nil in FY2019 to $1.5B in FY2017 and $1.4B in FY2022, with $769M in FY2025. Combined, dividends and buybacks in FY2025 totaled roughly $3.1B, compared with free cash flow of $3.5B generated that year.

Updated 4 Jul 2026

AI-assisted analysis generated from Craytheon's verified financial data · How this works

Data is general information only, not financial advice. Figures are as reported in company filings (some ASX companies report in USD); share prices are AUD.