Telstra stock rises 1.04 percent as AGM nears

Telstra Group Limited (ISIN AU000000TLS2) was trading at AUD 4.85 on the ASX on October 8, 2026, up 1.04 percent from the prior close of AUD 4.80. The next corporate checkpoint is Telstra's annual general meeting on October 13, 2026, according to FinScry.

AGM puts capital returns on deck

The meeting follows Telstra's fiscal 2026 results and a new on-market buyback of up to AUD 1.0 billion. The company also lifted its annual dividend per share by 10.5 percent to AUD 0.21 for fiscal 2026, according to Veye.

That shareholder-return backdrop matters because the stock is trading AUD 0.73 below its 52-week high of AUD 5.58, while the 52-week low is AUD 4.56. The current price therefore sits closer to the yearly high than to the low, with the ASX session still underway.

FY27 guidance sets the earnings frame

Telstra reported fiscal 2026 net profit after tax of AUD 2.4 billion, up 2.7 percent from the prior corresponding period. Reported EBITDAaL increased 3 percent to AUD 8.2 billion, while earnings per share rose 5.3 percent to AUD 0.199, according to Veye.

For fiscal 2027, management guidance calls for underlying EBITDAaL of AUD 8.5 billion to AUD 8.8 billion and cash EBIT of AUD 4.75 billion to AUD 4.95 billion. The comparison is constructive but measured: the guidance range follows a fiscal 2026 cash EBIT result of AUD 4.7 billion, which rose 8 percent.

Aura expands infrastructure reach

Telstra also activated the Perth-Sydney route of its Aura Network on October 7, 2026. The route is part of a broader AUD 1.8 billion digital infrastructure investment, with 9,000 kilometers built of a planned 14,000 kilometers, as WBOC reported.

The infrastructure build gives Telstra an operating narrative beyond mobile services, but the AGM and the FY27 guidance remain the clearest near-term reference points for shareholders.

Telstra stock trades near yearly high

Telstra stock was last at AUD 4.85 on the ASX on October 8, 2026, at 12:34 p.m. AEDT. Its market capitalization was AUD 54.0 billion, with volume at 12,456,357 shares.

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