6th Nov 2025 09:44
(Alliance News) - BT Group PLC on Thursday announced a higher dividend as profit and revenue fell due to losing customers to competitors in its first financial half, as it reiterated its mid-term outlook.
The London-based telecommunications company said pretax profit fell 11% to GBP862 million in the six months to September 30, from GBP967 million a year ago.
Revenue decreased 3.0% to GBP9.81 billion from GBP10.12 billion.
Capital expenditure increased by 7.7% to GBP2.44 billion from GBP2.27 billion.
Notably, the number of Openreach broadband customers declined by 242,000 in the second quarter of 2025, due to competition "and a weaker broadband market."
BP declared an interim dividend of 2.45 pence per share, up 2.0% from 2.40p a year ago.
Meanwhile, BP said it cut its headcount by 6% to 111,000, as it targets between 75,000 and 90,000 employees.
The company said it was delivering ahead of its five-year GBP3 billion cost reduction programme, with GBP247 million in gross annualised cost savings during the six months to September 30, for a cumulative GBP1.2 billion in the first 18 months.
Looking ahead, it reiterated all financial 2026 guidance and its mid-term outlook. BP targets financial 2026 adjusted revenue of around GBP20 billion, similar to GBP20.37 billion in financial 2025. Further, it plans sustained growth from financial 2027.
BT shares rose 4.7% to 188.30 pence each on Thursday morning in London.
By Tom Budszus, Alliance News slot editor
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