Full Year 2026 BT Group PLC Earnings Call Transcript
Key Points
- BT Group PLC (BTGOF) achieved a record fibre build, passing 23 million premises, with a target of 25 million by the end of the calendar year.
- The company reported a 2% increase in total dividend to 8.32p per share, reflecting confidence in future performance.
- BT Group PLC (BTGOF) saw improvements in customer satisfaction across its brands, contributing to growth in its retail customer base.
- The company successfully exited five non-core businesses, sharpening its focus on the UK market.
- BT Group PLC (BTGOF) achieved £580 million in annualized cost savings, bringing total savings to £1.5 billion over two years.
- Revenue declined by 4% to £19.6 billion, primarily due to lower equipment sales and international revenues.
- Consumer EBITDA declined by 2%, driven by higher input costs and lower handset volumes.
- The business division faced a 2% revenue decline due to softer equipment sales and voice declines.
- International revenues remained under pressure from legacy and managed contract declines.
- The company faces headwinds from the PSTN shutdown, impacting both consumer and business revenue.
(spoken by AI) Good morning and welcome everyone to BT Group's results presentation for the full year ended 31st of March, 2026.
Presenting today are Alison Kirkby, BT Group's Chief Executive, and Simon Lough, BT Group CFO. Following the presentation, there will be a question-and-answer session. I would like to make everyone aware that this event is being recorded for replay purposes.
And before we start, I'd like to draw your attention to the forward-looking statements cautioned in the presentation and press release for examples of the factors that could cause actual results to differ from any forward-looking statements we may make.
Both the press release and the presentation can be found on our website.
With that, I'll now hand over to Alison.
Thank you for that AI generation from Nick Delphus. Good morning everyone and welcome to our full year results presentation.
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