$BTAFF
British American Tobacco p.l.c.
CIK:0001303523|SEC Filings
Group Income Statement - GBP (£) £ in Millions |
12 Months Ended | ||||
|---|---|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
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| Profit or loss [abstract] | |||||
| Revenue | [1] | £ 25,610 | £ 25,867 | £ 27,283 | |
| Raw materials and consumables used | (4,465) | (4,565) | (4,545) | ||
| Changes in inventories of finished goods and work in progress | 239 | 129 | (96) | ||
| Employee benefit costs | (3,125) | (2,831) | (2,664) | ||
| Depreciation, amortisation and impairment costs | (2,547) | (3,101) | (28,614) | ||
| Other operating income | 192 | 340 | 432 | ||
| Loss on reclassification from amortised cost to fair value | (12) | (10) | (9) | ||
| Other operating expenses | (5,895) | (13,093) | (7,538) | ||
| Profit/(loss) from operations | 9,997 | 2,736 | (15,751) | ||
| Net finance costs | (1,819) | (1,098) | (1,895) | ||
| Share of post-tax results of associates and joint ventures | 1,681 | 1,900 | 585 | ||
| Profit/(loss) before taxation | 9,859 | 3,538 | (17,061) | ||
| Taxation on ordinary activities | (2,094) | (357) | 2,872 | ||
| Profit/(loss) for the year | 7,765 | 3,181 | (14,189) | ||
| Attributable to: | |||||
| Owners of the parent | 7,764 | 3,068 | (14,367) | ||
| Non-controlling interests | 1 | 113 | 178 | ||
| Profit/(loss) for the year | £ 7,765 | £ 3,181 | £ (14,189) | ||
| Earnings/(loss) per share | |||||
| Basic (loss)/earnings (in GBP per share) | £ 3.510 | £ 1.367 | £ (6.466) | ||
| Diluted (loss)/earnings per share (in GBP per share) | £ 3.491 | £ 1.360 | £ (6.466) | ||
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Group Balance Sheet - GBP (£) £ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Assets | ||
| Intangible assets | £ 86,934 | £ 94,276 |
| Property, plant and equipment | 4,483 | 4,379 |
| Investments in associates and joint ventures | 1,521 | 1,902 |
| Retirement benefit assets | 880 | 937 |
| Deferred tax assets | 2,032 | 2,573 |
| Trade and other receivables | 288 | 282 |
| Investments held at fair value | 333 | 146 |
| Derivative financial instruments | 135 | 110 |
| Total non-current assets | 96,606 | 104,605 |
| Inventories | 4,382 | 4,616 |
| Income tax receivable | 470 | 67 |
| Trade and other receivables | 3,802 | 3,604 |
| Investments held at fair value | 16 | 513 |
| Derivative financial instruments | 162 | 186 |
| Cash and cash equivalents | 3,827 | 5,297 |
| Total current assets other than non-current assets classified as held for sale | 12,659 | 14,283 |
| Assets classified as held-for-sale | 25 | 11 |
| Total current assets | 12,684 | 14,294 |
| Total assets | 109,290 | 118,899 |
| Equity – capital and reserves | ||
| Share capital | 577 | 585 |
| Share premium, capital redemption and merger reserves | 26,675 | 26,665 |
| Other reserves | (4,148) | (902) |
| Retained earnings | 22,929 | 21,610 |
| Owners of the parent | 46,033 | 47,958 |
| Perpetual hybrid bonds | 1,893 | 1,685 |
| Non-controlling interests | 219 | 352 |
| Total equity | 48,145 | 49,995 |
| Liabilities | ||
| Borrowings | 31,708 | 32,638 |
| Retirement benefit liabilities | 801 | 820 |
| Deferred tax liabilities | 10,343 | 11,679 |
| Other provisions for liabilities | 3,161 | 4,071 |
| Trade and other payables | 484 | 685 |
| Derivative financial instruments | 124 | 268 |
| Total non-current liabilities | 46,621 | 50,161 |
| Borrowings | 3,362 | 4,312 |
| Income tax payable | 1,129 | 1,681 |
| Other provisions for liabilities | 608 | 3,044 |
| Trade and other payables | 9,328 | 9,550 |
| Derivative financial instruments | 91 | 156 |
| Current liabilities other than liabilities included in disposal groups classified as held for sale | 14,518 | 18,743 |
| Liabilities associated with assets classified as held-for-sale | 6 | 0 |
| Total current liabilities | 14,524 | 18,743 |
| Total equity and liabilities | £ 109,290 | £ 118,899 |