Telecomms
Telecom Plus trades as Utility Warehouse and supplies households with bundled essential services through a network of independent Partners. Its model combines energy, broadband, mobile and other household services under a single customer relationship.
Supply of electricity and gas, broadband, mobile services and other household products, supported by a partner-led customer-acquisition network.
The United Kingdom residential utilities and communications market, particularly households taking several services in one bundle.
Customer additions, services per customer, partner recruitment, energy margins, customer retention, operating efficiency and cross-selling.
Energy regulation, wholesale energy costs, customer churn, telecom competition, partner recruitment, bad debts and changes in household spending.
23 June 2026: full-year customer numbers rose 23% to 1.43m including the TalkTalk customer acquisition, while adjusted profit before tax increased to about £132m. Management's five-year ambition is to add another one million customers, making successful integration, partner productivity and sustained organic growth key through 2027.
Telecom Plus has a high payout policy, normally returning around 80-90% of adjusted net income. The FY2026 interim dividend was 38p per share; the 12p final dividend went ex-dividend on 6 August 2026 and is payable on 28 August, giving a 50p full-year total.
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