BT delivers flat earnings as fibre demand offsets lower revenue

(Sharecast News) - UK telecoms giant BT Group on Thursday reported flat adjusted earnings as strong demand for its fibre broadband offset lower service revenue.

The company said it added 2.2 million fibre connections during the year as part of its accelerated rollout, bringing its take-up rate amongst all major fibre providers to more than 38%.

Core earnings for the year to March were £8.2bn. Adjusted UK service revenue was £15.4bn, down 1% on the back of lower business and consumer voice volumes, with the decline offset by CPI-linked price increases and an improved broadband fibre-to-the-premises mix from its Openreach unit. Group revenue fell 3% to £19.7bn.

The company expects 2026/27 adjusted UK service revenue of £15.1-£15.4bn and adjusted earnings of £8.2-8.3bn.

Reporting by Frank Prenesti for Sharecast.com

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