BT Group PLC
BT.A
ISIN GB0030913577 / Valor 1292393
BT Group PLC
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About company
BT Group PLC is a prominent UK telecommunications company operating in both wholesale and retail markets. It serves a diverse customer base, including individual consumers, small and large businesses, public sector organizations, and other communications providers. BT manages some of the largest fixed and mobile networks in the country, offering a wide range of services such as broadband, mobile, television, networking, and IT solutions. In addition to connectivity services, the company provides products like handsets, gaming devices, and insurance to support customers' communication, entertainment, and business activities.
Summarized from source with an LLMView SourceSector: TelecommunicationsLatest Results (11.11.2025):
BT Group PLC’s H1 FY26 results underline a transformative phase as the company advances its strategy to build the UK’s digital backbone, showcasing record fibre broadband and mobile network achievements while managing legacy challenges and cost pressures. The latest report highlights strong gains in Openreach’s FTTP build and 5G+ coverage, balanced against a modest revenue decline and increased capital expenditure, as BT continues to meet its financial outlook and strategic objectives.
Infrastructure Expansion
BT Group PLC delivered a record FTTP build of over 2.2 million premises in H1, reaching a footprint of 20.3 million premises, with Openreach recording 1.1 million net FTTP adds in H1 and broadband ARPU growing 4% to £16.7. The company also boosted its mobile network with 5G+ coverage rising to 66% of the UK population, on track for 99% by FY30.
Financial Performance
The group reported and adjusted revenue of £9.8bn (down 3%), with adjusted EBITDA at a flat £4.1bn year-on-year. Profit before tax fell by 11% to £862m, primarily due to higher depreciation, increased asset base, and elevated net finance expense. Capital expenditure rose 8% to £2.4bn, reflecting the ramp-up in FTTP provisioning.
Cost Transformation & Operational Efficiency
BT’s transformation program is progressing ahead of plan, achieving £247m in gross annualised cost savings in H1 and a cumulative saving of £1.2bn. Measures such as reduced energy usage (down 5%), labour resource contraction (down 6%), and a 13% fall in Openreach repair volumes underscore the company’s commitment to enhanced operational efficiency.
Future Outlook & Guidance
BT Group PLC reaffirmed its FY26 outlook with guidance of adjusted group revenue around £20bn, UK service revenue between £15.3-£15.6bn, and EBITDA near £8.2-£8.3bn. Mid-term guidance targets include a normalised free cash flow of circa £2.0bn in FY27 and approximately £3.0bn by the end of the decade, supporting an increased interim dividend of 2.45 pence per share.
Summarized from source with an LLMView SourceKey figures
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Volatility
22974 M
Market cap (USD)
12,500,232
Daily traded volume (Shares)
1.442 / 1.428
1 day high/low (USD)
52 weeks high/low (USD)
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