Seacom earnings surge as subsea cable disruptions ease

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.