Global Finance News
06 Nov 2025, 10:27
BT Group Reports Stable Half-Year Results, Raises Interim Dividend
BT Group reaffirmed its full-year outlook for FY26 as it reported steady first-half performance supported by record fibre and mobile network expansion. Group revenue came in at £9.8 billion, down 3% year-on-year due to legacy voice declines and lower handset sales, while adjusted EBITDA remained flat at £4.1 billion, with cost transformation savings offsetting higher labour and energy costs.
Openreach continued its rapid fibre rollout, adding 2.2 million premises in six months to reach a total footprint of 20.3 million, including 5.5 million in rural areas. Demand remained strong with 1.1 million net fibre additions, bringing total connections to 7.6 million and take-up to 38%. The EE mobile network expanded its 5G+ standalone coverage to 66% of the UK population, with plans to reach 99% by FY2030.
CEO Allison Kirkby said BT’s UK-focused transformation is progressing ahead of schedule: “We’re building the UK’s digital backbone, connecting the country like no one else and accelerating our transformation.” She reaffirmed the group’s cash flow targets of around £2 billion in FY27 and £3 billion by the end of the decade.
BT declared an interim dividend of 2.45 pence per share, up 2% from last year. The company maintained its FY26 guidance, targeting adjusted revenue of around £20 billion, EBITDA of £8.2–£8.3 billion, and capital expenditure of approximately £5 billion excluding spectrum costs.
BT Group reaffirmed its full-year outlook for FY26 as it reported steady first-half performance supported by record fibre and mobile network expansion. Group revenue came in at £9.8 billion, down 3% year-on-year due to legacy voice declines and lower handset sales, while adjusted EBITDA remained flat at £4.1 billion, with cost transformation savings offsetting higher labour and energy costs.
Openreach continued its rapid fibre rollout, adding 2.2 million premises in six months to reach a total footprint of 20.3 million, including 5.5 million in rural areas. Demand remained strong with 1.1 million net fibre additions, bringing total connections to 7.6 million and take-up to 38%. The EE mobile network expanded its 5G+ standalone coverage to 66% of the UK population, with plans to reach 99% by FY2030.
CEO Allison Kirkby said BT’s UK-focused transformation is progressing ahead of schedule: “We’re building the UK’s digital backbone, connecting the country like no one else and accelerating our transformation.” She reaffirmed the group’s cash flow targets of around £2 billion in FY27 and £3 billion by the end of the decade.
BT declared an interim dividend of 2.45 pence per share, up 2% from last year. The company maintained its FY26 guidance, targeting adjusted revenue of around £20 billion, EBITDA of £8.2–£8.3 billion, and capital expenditure of approximately £5 billion excluding spectrum costs.