RE: Trading update 22nd july10 Jun 2025 05:34
From last trading update, very positive -
Chief Executive Allison Kirkby said momentum in fibre enabled BT to increase its target to reach 5 million premises this year, putting it "comfortably on track" for 25 million by end-2026, while maintaining its cash flow guidance.
"Fibre is a growth engine for BT as it is for the country, and we're uniquely positioned now to deliver at scale, with ambition and with urgency, the nationwide fibre platform that we've always been aiming for," Kirkby told reporters.
BT reported core earnings of 8.21 billion pounds ($11 billion), up 1% on the previous year but shy of analysts' expectations of 8.23 billion pounds. Revenue fell 2%.
Cash flow increased 25% to 1.60 billion pounds, and BT said it was on track for its target of 2 billion pounds in its 2027 financial year and 3 billion pounds by the end of the decade.
It forecast about 20 billion pounds of revenue and 8.2-8.3 billion pounds of core earnings this year.