Seacom's earnings have surged after subsea cable disruptions in the Red Sea that hit the prior period fell away.

TechCentral

Seacom, the African digital infrastructure and managed services provider, reported a sharp earnings improvement for the six months to December 2025. Its contribution to Remgro's headline earnings jumped from R2-million to R16-million, driven by higher indefeasible right-of-use billings and lease revenue, as one-off cable repair costs from Red Sea subsea cable breaks in the prior period fell away. The company is also advancing its Seacom 2.0 next-generation subsea cable project, targeting financial close in Q4 2026 at an estimated cost of $1.5–2 billion, with a planned two petabit per second capacity and first traffic expected in late 2029 or early 2030. The new cable routing will deliberately avoid Yemeni waters to reduce geopolitical risk.

Seacom earnings surge as subsea cable disruptions ease

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