Telecom Plus (TEP)

Up
Share Price:
887.00p
Market Cap:
£691.48m
Change Today:
32.00p
Sector:
Electricity Generation and Distribution

Telecom Plus shares tank by 25% on profit outlook, divi cut

By Frank Prenesti

Date: Tuesday 23 Jun 2026

LONDON (ShareCast) - (Sharecast News) - Shares in Telecom Plus plunged by a quarter on Tuesday as the utilities provider said it expected earnings next fiscal year to be lower and halved its dividend as it launched an ambitious five-year plan to more than double multi-service customer numbers to one million.
The company, which trades as Utility Warehouse offering product bundles, reported a 4.7% rise in adjusted pre-tax profit to £132.2m in the year to March 31.

Adjusted 2026/27 profit is expected to be in the range of £80m to £90m, reflecting the plan's first year of investment with a target of £175m by 2031. The total dividend was cut to 50p from 94p.

The company, which also announced a £40 share buyback, said the new strategy "builds on our differentiated business model and will require c.£55m per annum of P&L investment.

"Increasing both the number and proportion of multiservice customers - who have market-leading lifetimes and generate higher annual contributions - will result in higher quality, compounding earnings," it added.

Reporting by Frank Prenesti for Sharecast.com

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Telecom Plus Market Data

Currency UK Pounds
Price 887.00p
Change Today 32.00p
52 Week High 1,892.00p
52 Week Low 710.00p
Volume 460,826
Shares Issued 77.96m
Market Cap £691.48m

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