Telecom Plus, also known as Utility Warehouse (UW), issued a trading update for the first half of 2025, ending September 30. Total customers in the first half of 2025 increased by 19% to more than 1.386 million people, which includes customers acquired from TalkTalk earlier in the year.
Telecom Plus, also known as Utility Warehouse or UW, announced its financial and operating highlights for the year ending March 31, 2025. Revenue for the company reached $2.4 billion, down from $2.7 billion in the previous year. Gross profit was up 0.8% year-over-year to $486 million.
Utility Warehouse (UW) has been rated as a “Which?” Recommended provider for Broadband 2025. UW received high marks for customer service, connection reliability, ease and speed of contact, high value for money and communication.
Telecom Plus announced its financial results for the six months ending September 30, 2024. The company is now the seventh largest energy supplier in the UK with an approximately 3% market share.
This rapid growth has resulted in UW receiving the prestigious honor of being named a DSN Bravo International Growth Award winner for the service sector for the second consecutive year. This accolade is given to the international direct selling company with the highest revenue growth year-over-year in both product and service categories.
Telecom Plus, trading as Utility Warehouse (UW), posted its financial results for the year ending March 31, 2024. Revenue for the company reached $2.59 billion, resulting in a record profit of $451 million, a 16% increase over the previous year. Adjusted pre-tax profit was up 21.5% year-over-year to $148.6 million. Adjusted EPS was also up 9.9% with a net debt to adjusted EBITDA ratio at 0.9x.
Utility Warehouse (UW) now officially serves one million customers, a milestone that signals exponential growth for the multiservice supplier. More than 343,000 new customers have organically signed up since 2021 for UW’s many services, including energy, broadband, mobile and insurance.
Utility Warehouse (UW) earned the highest overall score for energy suppliers in the UK by Which?, a UK consumer protection organization. The Which? annual energy firm rankings awarded UW with a 75% overall score, the highest among 17 competitors, including major companies and small operators.
Telecom Plus, trading as Utility Warehouse, released its financial results for the first six months of 2023, reporting a 57% spike in revenue over the previous year’s period to $1.1 billion. Adjusted pre-tax profit was also up 36% to $54.7 million.
Utility Warehouse (UW) was honored at the Uswitch 2023 Energy Awards with the award for Best Value for Money supplier. UW was also a runner-up in the Best Overall Customer Satisfaction category.
Utility Warehouse announced its final results for the full year, ending March 31, 2023. Revenues during this time grew to $3.1 billion, up from $1.2 billion in 2022. Adjusted pre-tax profit was up by 55% and adjusted EPS increased by 57%.
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