JSE-listed Cell C on Friday delivered its maiden financial results since its listing in November, showing improved financial results as its turnaround gains momentum.
During the year ended May 31, 2026, Cell C reported a 161.8% increase in earnings before interest, taxes, depreciation and amortisation (Ebitda) of R5.51-billion, including one-off gains arising from the restructuring transaction.
Excluding those items, adjusted Ebitda increased 16.9% to R2.38-billion, with Comm Equipment Company (CEC) consolidated by only six months.
During the year under review, Cell C’s headline earnings a share increased 57.4% to 2 338c, while earnings a share rose 57.6% to 2 341c.
“The 2026 financial year was a year of two halves for Cell C. The first half was defined by the successful completion of our restructuring and initial public offering, leaving the group with a significantly stronger balance sheet and positioning us to execute our strategy as a newly listed company,” Cell C group CEO Jorge Mendes commented.
