BT hits new highs as transformation ahead of plan – Daily Business

BT: strong delivery

BT Group has posted record fibre build and connections as it declared that its transformation strategy was ahead of plan.

The company achieved its upgraded fibre build target, passing 4.8 million premises, and now reaches over two-thirds of UK homes and businesses.

Openreach saw 2.2 million net new fibre connections and EE’s 5G+ coverage expanded to 73% of the population.

The board proposes a final dividend of 5.87 pence per share up 2% from 5.76p, bringing the full year dividend to 8.32p.

It reiterated its guidance for sustained growth, projecting normalised free cash flow to reach approximately £2 billion in FY27 and £3bn by the end of the decade.

Reported revenue for the year to the end of March was £19.7bn, down 3%, while adjusted EBITDA remained flat at £8.2bn, with a reported profit before tax of £1.4bn, up 8%.

Allison Kirkby, chief executive, said: “FY26 was another year of strong delivery against BT’s strategy.

“We are building the UK’s digital backbone even faster and further, connecting the country like no one else and accelerating our transformation – and we know there is much more we can do, as we create a better BT for all of us.

“We have delivered on our financial guidance and we are transforming ahead of plan, offsetting headwinds while successfully competing.”

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