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BT Boosts Dividend and Profits as Cost-Cutting and UK Focus Advance

The telecom giant reports a 12% rise in pre-tax profits and £900m in cost savings while forecasting flat revenue and earnings for the coming year.

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Allison Kirkby was appointed as BT’s chief executive in February last year to drive a turnaround

Overview

  • BT increased its full-year dividend by 2% to 8.16p per share, continuing its policy of maintaining or raising payouts annually.
  • Pre-tax profits rose to £1.3 billion for the year ending March 2025, a 12% increase attributed to strong cost controls and transformation efforts.
  • The company delivered £900 million in annualized cost savings, achieving 30% of its £3 billion target by 2029, alongside a 3% reduction in total workforce.
  • BT finalized the divestment of its Italian and Irish assets, reinforcing its strategic focus on the UK market and accelerating its fibre broadband rollout.
  • Revenue declined by 2% to £20.4 billion last year, with flat revenue and earnings projected for the current year before anticipated growth from 2027.