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Telecom Plus PLC (LSE:TEP), operating under the Utility Warehouse brand, has reported robust results for the financial year ending March 2025, achieving record customer growth and profitability. The company saw its customer base expand by 15%, a surge supported in part by its strategic alliance with TalkTalk. Additionally, Utility Warehouse earned the distinction of being a ‘Which? Recommended Provider’ for both energy and broadband services.
Looking ahead, Telecom Plus anticipates a 13% rise in its dividend payout and continues to maintain a solid financial foundation, highlighted by a net debt-to-adjusted EBITDA ratio of approximately 1.0x. The continued success of its TalkTalk partnership and differentiated business model positions the company to reach its goal of serving two million households in the medium term.
While financial performance shows strong profitability, there are lingering concerns over cash flow levels. The stock shows positive momentum technically, supported by reasonable valuation metrics. Overall, recent achievements and corporate developments are enhancing market confidence and reinforcing the company’s strategic trajectory.
About Telecom Plus
Telecom Plus, widely known through its consumer-facing brand Utility Warehouse, is the UK’s top multi-service utility provider. It bundles essential home services such as energy, broadband, mobile, and insurance into one convenient monthly package. The company benefits from recurring revenue streams and high customer retention, facilitated by a large network of local UW Partners. Listed on the London Stock Exchange, Telecom Plus continues to scale its platform through a subscription-based model.
Key Performance Highlights
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Year-to-Date Share Price Change: +6.64%
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Average Daily Volume: 124,778 shares
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Technical Sentiment: Strong Sell
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Market Capitalization: £1.46 billion
