Telstra Group (ASX:TLS) said it expects fiscal 2026 underlying earnings before interest, tax, depreciation, and amortization after lease amortization (EBITDAal) of between AU$8.15 billion and AU$8.45 billion, according to a Tuesday Australian bourse filing.
The company said it has introduced cash EBIT, which is made up of underlying EBITDAaL, business-as-usual capex, and spectrum amortisation, which it is using for guidance in fiscal 2026.
The company expects fiscal 2026 cash EBIT to be between AU$4.55 billion and AU$4.75 billion, equivalent to growth of between 5.5% and 10% on fiscal 2025.
The company expects business as usual capex of AU$3.2 billion to AU$3.5 billion and strategic investment between AU$300 million and $500 million for fiscal 2026.
The company's shares fell nearly 1% in recent Tuesday trade.