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, tax, depreciation and amortisation (Ebitda) of R5.51-billion, including one-off gains arising from the restructuring transaction.

MVNO business fuels wholesale momentum amid competitive market

The company targets revenue growth in the upper-single-digit range in its 2027 financial year, after growing wholesale revenue by 20% and cutting net debt by 64%.