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Fibre Demand and Cost Savings Shore up Earnings for BT

  • BT reported underlying earnings of £8.21 billion for the year to March 31, 2025, with revenues close to £20.4 billion and a 3% reduction in staff.
  • The company accelerated cost-cutting and simplification efforts, including reducing its direct workforce by 8% and restructuring its international operations.
  • Openreach, BT’s network division, drove earnings growth by expanding fibre broadband coverage and saw both revenue and earnings rise despite pressure on other units.
  • Chief Executive Allison Kirkby announced an increase of 20% in the fibre network expansion goal, aiming to connect as many as five million UK homes during 2025-26, and stated the company remains well positioned to achieve 25 million connections by the close of 2026.
  • BT expects little change in earnings this year, plans further cost reductions of billions, and seeks to focus more on its UK business amid continued revenue pressure.
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BT sees earnings holding firm amid mammoth cost-cutting drive

The group reported underlying earnings up 1% to £8.21 billion in the year to March 31, as cost savings helped offset a 2% fall in revenues.

·London, United Kingdom
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QuotedData broke the news in on Thursday, May 22, 2025.
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