BRITISH TELECOMMUNICATIONS PUBLIC LIMITED COMPANY

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -2.1%

  £20,797,000,000 → £20,358,000,000

• Cash

  -24.4%

  £409,000,000 → £309,000,000

• Net assets

  +5.2%

  £24,182,000,000 → £25,431,000,000

• Employees

  -3.6%

  94,900 → 91,500

• Operating profit

  +12.2%

  £2,216,000,000 → £2,486,000,000

• Profit before tax

  +8.6%

  £1,897,000,000 → £2,061,000,000

• Wages

  -5.5%

  £4,192,000,000 → £3,963,000,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“When assessing the going concern basis of accounting the directors have considered all available information for the period up to and including 31 March 2026, and in preparing the consolidated financial statements have concluded that the going concern basis is appropriate for the Group. The directors expect the Group to have sufficient funds to meet its liabilities as they fall due for at least two years from the balance sheet date.”

Group structure

1. BRITISH TELECOMMUNICATIONS PUBLIC LIMITED COMPANY · parent
   1. BT Holdings Limited 100% · UK · ordinary
   2. BT Property Holdings (Aberdeen) 100% · UK · ordinary
   3. Openreach Limited 100% · UK · ordinary
   4. BT Communications plc 100% · UK · ordinary

Significant events

• “On 3 June 2025, the company issued a EUR 700m senior bond due on 3 January 2035 with a coupon of 3.75% and a GBP 400m hybrid with a coupon of 6.375% until the first reset date of 30 December 2030 under our European Medium Term Note programme.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.