BT Group Expects FY26 Adjusted Group Revenue Of £20Bn
BT Group PLC 
BT.A:
BT GROUP FY REVENUE GBP 20,358 MILLION VERSUS. IBES ESTIMATE GBP 20,381 MILLION
BT GROUP FY PRETAX PROFIT GBP 1,334 MILLION VERSUS. IBES ESTIMATE GBP 2,345 MILLION
BT GROUP FY NET DEBT GBP 19,816 MILLION
BT GROUP FY ADJUSTED EBITDA GBP 8,209 MILLION VERSUS. IBES ESTIMATE GBP 8,193 MILLION
BT GROUP FY CAPEX GBP 4,857 MILLION
BT GROUP FY NET INCOME GBP 1,054 MILLION
BT GROUP FY ADJUSTED FREE CASH FLOW GBP 1,598 MILLION
BT GROUP FY DIVIDEND GBP 0.082
BT OUTLOOK MID-TERM ADJUSTED GROUP REVENUE AND ADJUSTED UK SERVICE REVENUE SUSTAINED GROWTH FROM FY27
BT: FY26 OUTLOOK: ADJUSTED(2) GROUP REVENUE C£20BN AND ADJUSTED(2) UK SERVICE REVENUE OF £15.3-£15.6BN AND EBITDA OF £8.2-8.3BN
BT OUTLOOK MID-TERM CAPITAL EXPENDITURE EXCLUDING SPECTRUM REDUCING BY MORE THAN £1BN FROM FY26 LEVEL
BT: FY26 OUTLOOK: CAPITAL EXPENDITURE EXCLUDING SPECTRUM C. £5.0BN; NORMALISED FREE CASH FLOW(2) C. £1.5BN
BT OUTLOOK MID-TERM NORMALISED FREE CASH FLOW OF C. £2.0BN IN FY27 AND C. £3.0BN BY END OF DECADE
BT: ONE YEAR AWAY FROM OUR INFLECTION TO £2BN OF NORMALISED FREE CASH FLOW, OUR TARGET FOR FY27
BT: REMAIN ON TRACK TO DELIVER £3BN BY END OF DECADE FOR NORMALISED FREE CASH FLOW
BT: DISPOSED OF NON-UK ASSETS IN IRELAND IN FY25, AND ITALY AFTER PERIOD END
