BT Group Q3 Pre-tax Profit Rises, Revenues Down; Confirms FY25, Mid-term Outlook

(RTTNews) - Telecom major BT Group plc (BT_A.L) reported Thursday that its third-quarter profit before tax of 427 million pounds grew 1% from last year, primarily due to EBITDA growth.

The increase was offset partially by higher net finance costs and increased depreciation and amortization.

Adjusted EBITDA was 2.10 billion pounds, up 4% from last year's 2.03 billion pounds.

Reported revenue was 5.2 billion pounds, down 3% from the prior year.

Adjusted revenue 5.18 billion pounds fell 3% from 5.34 billion pounds a year ago, mainly due to continued challenging non-UK trading conditions in Global and Portfolio channels and weaker handset trading in Consumer.

Further, the company reconfirmed its FY25 financial outlook and mid-term guidance.

Allison Kirkby, Chief Executive, said, "BT's continued delivery means we remain on track to deliver our financial outlook for this year and our cash flow inflection to c.£2.0bn in 2027 and c£3.0bn by the end of the decade."