Guidance: modest FY to give way for BT’s ambitious 2030 vision

Joe Purnell2025-11-19T15:00:00

Source: Marc-Olivier Jodoin / Unsplash

Q2/H1 FY25–26: lack of ambition in FY targets ensures BT remains on track, but end-of-decade goals require transformation acceleration, and soon…

This article includes:

Themes: Capex reduction; Cost reduction exercise; Digital backbone; EBITDA guidance; End-of-decade targets; Fibre build; Free cash flow growth; Full-year guidance; Long-term transformation; Revenue forecast; Strategic levers; Transformation acceleration.
Events: BT Group Q2/H1 FY25–26 earnings call.
People: Allison Kirkby; Simon Lowth.
Geographic: United Kingdom (UK).
Organisations: BT Group; BT International; Openreach.

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