BT reports FY26: record fibre build and dividend increase

BT Group has announced its FY26 results for the year to 31 March 2026, reporting record fibre build, operational progress and a dividend increase.

• Main announcement: BT Group announced record Openreach FTTP build of 4.8m premises passed in FY26, an FTTP footprint of 23m premises (more than two thirds of UK premises) and an increased full year dividend of 8.32 pence per share (final dividend 5.87pps). The company reiterated guidance for normalised free cash flow to c. £2.0bn in FY27 and c. £3.0bn by the end of the decade.
• Background and details: BT reported adjusted EBITDA £8.2bn, reported revenue £19.7bn (adjusted £19.6bn), capital expenditure £5.1bn, net debt £20.0bn, and transformation savings of £580m gross annualised (cost to achieve £336m); it also announced a partnership with Nscale to deliver sovereign AI data centers in the UK (no implementation timeline provided in the release).