BT FY24−25 In-depth: another year of transition

Joe Purnell30 May 2025

Source: Mike van den Bos / Unsplash

Group CEO Allison Kirkby has called the past year one of ‘transition’, but insists a turnaround is imminent. ‘Revenue pressure’ (see, decline) reflects a challenging FY for all divisions, but strategic and structural change at the Group may have set it up for delivery next FY and beyond…

This article includes:

Organisations: BT; BT Consumer; BT Group; Global Fabric; Openreach.
Geographic: UK.
People: Allison Kirkby; Philip Jansen; Richard Tang; Simon Lowth.
Themes: 5G; Asset sales; Capital investment; Convergence; Earnings call; EBITDA; Fibre build; Free cash flow; FTTP; Headcount reduction; Index-linked pricing; International unit; Legacy products; Modernisation; Multinational corporate customers; Net debt; Operational discipline; Profitability; Retail FTTP take-up; Revenue decline; Revenue growth; Service revenue; Share price; Simplification; Strategic enablers; Transformation.
Events: BT Group earnings, FY24–25

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