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Derek Rose and Kaaren Morrissey

Telstra gets mobile to send shares to a nine-year high

Telstra Vicki Brady James Ross

Telstra shares have hit their highest level since 2017 on the back of a big first-half profit. (Bianca De Marchi/AAP PHOTOS)

Telstra shares have climbed to their highest level in nine years after Australia's biggest communications company beat earnings expectations and increased its payout to shareholders.

The telco giant on Thursday delivered a $1.1 billion net profit for the six months to December 31, up 9.4 per cent from the same time in 2024. Revenue climbed 0.3 per cent to $11.6 billion.

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