BT Group lifted its full-year dividend to 8.32p and reiterated normalised free cash flow guidance of c. £2bn in FY27 and c. £3bn by the end of the decade.
The results highlight record Openreach fibre delivery, with 4.8m premises passed in the year taking the FTTP footprint to 23m premises and keeping the group on track for 25m by December.
"We are building the UK's digital backbone even faster and further, connecting the country like no one else and accelerating our transformation," Allison Kirkby said.
Reported revenue was £19.7bn (adjusted £19.6bn), down 3-4%, adjusted EBITDA was £8.2bn broadly flat year‑on‑year, normalised free cash flow was £1.5bn and net debt was £20bn.
Transformation progress delivered £580m of gross annualised savings in FY26, taking two‑year savings to £1.5bn and prompting an increase in the overall target to £3.7bn with the programme extended to FY30.
Operational momentum included 2.2m Openreach FTTP net adds, 8.8m premises connected (take-up >38%), a 31% rise in retail FTTP to 4.5m and EE expanding 5G+ population coverage to 73%.
The board declared a final dividend of 5.87p, lifting the full‑year payout to 8.32p and adopted a policy to grow dividends by low‑to‑mid single digits annually until metrics consistent with a BBB+ credit rating are reached.
For FY27 the company expects adjusted group revenue of £19.0‑19.5bn, adjusted UK service revenue of £15.1‑15.4bn, adjusted EBITDA of £8.2‑8.3bn and capital expenditure excluding spectrum of c. £4.3bn.
The group said it remains on track to reach its 25m premises‑passed milestone by the end of December.
