BT has posted a 23% jump in full-year profit after tax, which reached £1.05bn in the 12 months to 31 March.

The telecoms giant also reported a final dividend of 5.76p per share, bringing its full-year dividend to 8.16p, a 2% rise on last year.

BT’s adjusted revenue dipped slightly in the year, by 2% to £20.37bn, which the group put tdown to lower international sales and handsets. Its adjusted earnings remained relatively flat, rising 1% to £8.2bn, after cost savings across the company helped to offset the dip in revenue.

The telecoms firm reiterated its cost savings measures and confirmed it remains on track to deliver on a five-year £3bn cost reduction programme, ending in the 2029 financial year.

BT achieved £913m gross annualised cost savings achieved in FY25, which was in line with expectations, after revealing it had ended the financial year with 3% fewer staff, bringing the group’s total workforce down to 116,000.

Chief executive at BT, Allison Kirkby, said: “Although revenue declined year-on-year driven mainly by lower international sales and handsets, strong cost control and a step-up in focus and transformation resulted in growth in both EBITDA and normalised free cash flow, allowing us to increase our dividend for FY25 by 2% to 8.16p per share.

“We are now only one year away from our inflection to £2bn of normalised free cash flow, our target for FY27, and remain on track to deliver £3bn by the end of the decade.

“With the leadership team now in place to take our strategy forward, I am confident that as we build and connect at pace, our transformation will accelerate and deliver a better BT for all of us.”

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