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Telecom Plus Reports Record Profits Amidst Strong Customer Growth

Story Highlights
  • Telecom Plus achieved record profits with a 15% increase in customer numbers.
  • The company anticipates continued growth, projecting a 15% increase in customer numbers for FY26.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Telecom Plus Reports Record Profits Amidst Strong Customer Growth

Confident Investing Starts Here:

Telecom Plus ( (GB:TEP) ) has provided an announcement.

Telecom Plus PLC reported strong financial results for the year ending March 2025, with record profits and dividends despite a decrease in overall revenues due to lower energy prices. The company achieved a 15% increase in customer numbers, bolstered by the acquisition of 25,000 customers from TalkTalk and a 12.6% organic growth rate. The company anticipates continued growth, projecting a 15% increase in customer numbers for FY26 and aims to reach two million customers in the medium term. The favorable market conditions and innovative business model position Telecom Plus well for future growth, offering stakeholders promising returns.

The most recent analyst rating on (GB:TEP) stock is a Buy with a £2600.00 price target. To see the full list of analyst forecasts on Telecom Plus stock, see the GB:TEP Stock Forecast page.

Spark’s Take on GB:TEP Stock

According to Spark, TipRanks’ AI Analyst, GB:TEP is a Outperform.

Telecom Plus’s overall stock score of 73 reflects a balance of strengths in technical momentum and corporate events, with moderate financial performance and fair valuation. The company’s improved profit margins and positive corporate developments are offset by challenges in cash flow and revenue decline. The stock offers a strong dividend yield, appealing to income-focused investors.

To see Spark’s full report on GB:TEP stock, click here.

More about Telecom Plus

Telecom Plus, operating as Utility Warehouse, is the UK’s only integrated multiservice utility platform, offering subscription-style essential household services such as energy, broadband, mobile, and insurance. The company is known for its predictable revenue and profitability, with customers benefiting from a single monthly bill and exceptional service levels. Telecom Plus operates through a network of local partners who promote its services via word-of-mouth.

Average Trading Volume: 128,619

Technical Sentiment Signal: Buy

Current Market Cap: £1.61B

For an in-depth examination of TEP stock, go to TipRanks’ Overview page.

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