Telecom Plus PLC, often known as Utility Warehouse (UW), introduced its monetary outcomes for the primary half of 2025. Income for the primary six months ending September 30, 2025 had been $981 million with a gross revenue of $207 million. Adjusted pre-tax revenue was $42.8 million.
The corporate skilled compound double-digit buyer progress for the fourth consecutive yr, with buyer numbers growing by 222,977 to 1,386,585. The corporate’s annualized natural buyer progress price was 11%, with service numbers growing by 256,375 to 1,386,585. The corporate’s cross-sell into its acquired TalkTalk prospects exceeded expectations, with round 5,000 prospects upgraded and cross-sold, which contributed to service numbers growing by 256,375 to three,648,968.
The corporate believes there’s an ongoing favorable atmosphere for recruitment of latest Companions due to macro-economic pressures and long-term structural tendencies, and is assured that it’s going to meet full-year 2026 steerage of round 25% whole buyer progress. Expectations proceed to be assured that buyer numbers will improve to 2 million over the medium-term.
“We’re happy to have delivered double digit compound buyer progress for a fourth consecutive yr, just by serving to households to avoid wasting money and time on their important family payments, and demonstrating the power of our distinctive multiservice mannequin to supply market-leading financial savings in a variety of market situations,” mentioned Stuart Burnett, UW CEO. “We’ve got exceeded our preliminary cross-sell expectations into the primary tranche of broadband prospects we acquired from TalkTalk, and are excited by the longer term alternatives this creates. With one of many UK’s best cell propositions, alongside our market-leading providing in vitality, broadband and insurance coverage, our Companions have much more methods to assist their mates and households to avoid wasting, while constructing a helpful long-term extra revenue for themselves.”
