Telstra records billion dollar profit, reveals it shed 2356 jobs in 2025
Australia's largest telco has recorded more than $1 billion in profit in the first half of the financial year.
Telstra announced its half-yearly results today, showing it had made an 8.1 per cent profit in the first half of the financial year, totalling $1.2 billion.
The company claimed the growth, which was higher than expected, was off the back of "strong momentum" across the business.
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Vicki Brady claimed "strong cost control" was a key reason for the larger than expected profits recorded by Telstra. Alex Ellinghausen
"We delivered ongoing growth in earnings," CEO Vicki Brady said, "reflecting… strong cost control and disciplined business management."
The profits came despite income from items being sold by the company falling by $132 million.
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Telstra said they had decreased their labour expenses by 5.8 per cent, saving $118 million.
Much of this has come from a reduction in the workforce, with the company saying it had shed 2356 jobs in 2025.
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Over 1000 jobs were cut in the six months to December alone. Bloomberg via Getty Images
Over 1000 of these have come in the last half of the year, meaning Telstra's workforce has been reduced by 7.4 per cent.
The company cut around 550 jobs in one go in July, citing "improvements to the structure and processes of other teams across our organisation."
Telstra's share price rose in response to today's news, rising around four per cent to $5.20 at the time of writing.
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