The use of functional polymeric composites with superior thermal properties, capable of replacing conventional polymers, has increased in recent years, particularly in the electrical‐electronics sector where thermal management is crucial. Carbon fiber polymer–matrix structural composites have relatively high in‐plane thermal conductivity but low through‐plane conductivity. In order to further enhance the through‐plane and in‐plane conductivity of carbon fiber (CF)‐reinforced polybutylene terephthalate (PBT) composite, a hybrid loading approach was employed, incorporating synthetic graphite (SG), boron nitride (HBN), aluminum nitride (AlN), and graphene (G) in composite formulations. It was obtained that the in‐plane conductivity values of PBT‐20CF‐20SG‐3G and the through‐plane conductivity of PBT‐20CF‐20SG‐3AlN are 69% and 25% higher than those of PBT‐40CF, respectively. However, the mechanical properties of hybrid composites exhibit lower values compared to those of CF‐reinforced PBT composites. The tensile strength value of PBT‐40CF is about 33% and 57% higher than that of PBT‐20CF‐20SG‐3G and PBT‐20CF‐20SG‐3AlN. Moreover, the flexural strength of PBT‐40CF is about 48% and 38% higher than that of PBT‐20CF‐20SG‐3G and PBT‐20CF‐20SG‐3AlN, respectively. The density value of PBT‐40CF is lower than that of the composites of PBT‐20CF‐20SG. From thermogravimetric analysis (TGA) analysis it was observed that the thermal stability of PBT‐40CF is comparable to that of the composites PBT‐20CF‐20SG. From the conducted study, it can be proposed that the hybrid combination of SG, HBN, AlN, and G can be utilized to achieve higher thermal conductivity values, as opposed to relying solely on CF in the composites.This article is protected by copyright. All rights reserved.