Telecom Plus Plc (TEP.L), a British multi-utility supplier, on Tuesday reported that its earnings increased in the full year 2025 compared with the previous year, despite weak revenues. Further, the company raised dividend, and issued positive outlook for fiscal 2026.
Telecom Plus is currently trading 1.22% lesser at 2,049.60 pence on the London Stock Exchange.
For the year 2025, profit before tax increased 5.4% to 105.95 million pounds from 100.48 million pounds in the previous year.
Earnings per share were 95.1 pence versus 88.8 pence last year.
On the adjusted basis, pre-tax profit was 126.30 million pounds, compared to 116.86 million pounds in the prior year.
Adjusted earnings per share were 117.7 pence versus 107.7 pence last year.
Operating profit increased to 115.89 million pounds from 106.25 million in the prior year.
Adjusted EBITDA climbed to 148.10 million pounds from 133.25 million pounds in the previous year.
Revenue, meanwhile, declined to 1.84 billion pounds from 2.04 billion pounds last year.
Further, the company's directors have announced a final dividend of 57 pence per share, higher than last year's 47 pence per share. The total dividend for the year would be 94 pence, 13% higher than last year's 83 pence.
The final dividend will be paid on August 15 to shareholders who are listed on the register by the end of July 25.
Looking ahead for fiscal 2026, Telecom Plus expects adjusted pre-tax profit to be within a range of 132 million pounds and 138 million pounds.
The company anticipates delivering total customer growth in FY26 of around 15% with continuing low double-digit organic customer growth.
The firm said it has continued confidence in growing the business to two million customers and beyond over the medium term.
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