BT Group plc, a leading telecommunications company, announced on Thursday its third-quarter pre-tax profit increased by 1% to £427 million, mainly driven by growth in EBITDA. However, this gain was partially counterbalanced by higher net finance costs alongside increased depreciation and amortization.
The company's adjusted EBITDA rose to £2.10 billion, reflecting a 4% growth from the previous year where it stood at £2.03 billion. On the downside, reported revenue amounted to £5.2 billion, denoting a 3% decline compared to the prior year.
Specifically, adjusted revenue came in at £5.18 billion, marking a 3% decrease from £5.34 billion a year earlier. This decline was largely attributable to challenging non-UK trading conditions within the Global and Portfolio channels and weaker performance in Consumer handset trading.
Despite these challenges, BT Group reaffirmed its financial outlook for fiscal year 2025 and its mid-term projections. Chief Executive Allison Kirkby stated, "BT's consistent performance ensures we are on track to achieve our financial outlook for this year, with an anticipated cash flow turning point reaching approximately £2.0 billion in 2027 and £3.0 billion by the end of the decade."
