$HLNCF

Haleon plc

CIK:0001900304|SEC Filings

Consolidated income statement - GBP (£) £ in Millions	12 Months Ended
Consolidated income statement - GBP (£) £ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Consolidated income statement
Revenue	£ 11,030	£ 11,233	£ 11,302
Cost of sales	(3,950)	(4,409)	(4,555)
Gross profit	7,080	6,824	6,747
Selling, general and administration	(4,364)	(4,452)	(4,413)
Research and development	(316)	(298)	(311)
Other operating income/(expense)	12	132	(27)
Operating profit	2,412	2,206	1,996
Finance income	78	82	34
Finance expense	(340)	(384)	(402)
Net finance costs	(262)	(302)	(368)
Net monetary gain arising from hyperinflationary economies	2	6
Profit before tax	2,152	1,910	1,628
Income tax	(472)	(435)	(517)
Profit after tax for the period	1,680	1,475	1,111
Profit attributable to shareholders of the Group	1,667	1,442	1,049
Profit attributable to non-controlling interests	£ 13	£ 33	£ 62
Basic earnings per share (pence)	£ 0.186	£ 0.158	£ 0.114
Diluted earnings per share (pence)	£ 0.185	£ 0.157	£ 0.113

Consolidated cash flow statement - GBP (£) £ in Millions	12 Months Ended
Consolidated cash flow statement - GBP (£) £ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities
Profit after tax	£ 1,680	£ 1,475	£ 1,111
Taxation charge	472	435	517
Net finance costs	262	302	368
Depreciation of property, plant and equipment and right of use assets	240	225	201
Amortisation of intangible assets	120	99	108
Impairment and assets written off, net of reversals	47	192	200
(Gain)/loss on sale of intangible assets, property, plant and equipment and businesses		(7)	12
Gain on sale of business		(121)
Share-based incentive plan expense	86	102	76
Other non-cash movements	(17)	(15)	(11)
(Decrease)/increase in pension and other provisions	(73)	1	70
Changes in working capital:
Decrease/(increase) in inventories	133	216	(131)
(Increase)/decrease in trade receivables	(65)	(312)	38
Increase in trade payables	125	158	112
Net change in other receivables and payables	63	144	(126)
Taxation paid	(439)	(593)	(445)
Net cash inflow from operating activities	2,634	2,301	2,100
Cash flows from investing activities
Purchase of property, plant and equipment	(322)	(250)	(234)
Purchase of intangible assets	(91)	(68)	(102)
Proceeds from sale of intangible assets		325	246
Purchase of business, net of cash acquired			(71)
Proceeds from sale of businesses	13	446
Increase in liquid investments	(6)
Interest received	60	75	27
Net cash (outflow)/inflow from investing activities	(346)	528	(134)
Cash flows from financing activities
Payment of lease liabilities	(60)	(60)	(55)
Interest paid	(357)	(360)	(404)
Dividends paid to shareholders	(612)	(570)	(388)
Purchase of non-controlling interests	(174)	(488)
Distributions to non-controlling interests	(11)	(79)	(58)
Repayment of borrowings	(1,352)	(562)	(553)
Proceeds from borrowings	46	1,214
Purchase of shares by employee benefit trust		(5)	(38)
Purchase of treasury shares	(151)	(116)
Shares purchased for cancellation	(503)	(503)
Other financing cash flows	31	(8)	(72)
Net cash outflow from financing activities	(3,143)	(1,537)	(1,568)
(Decrease)/Increase in cash and cash equivalents and bank overdrafts	(855)	1,292	398
Cash and cash equivalents and bank overdrafts at the beginning of the period	2,207	994	611
Exchange adjustments	(49)	(79)	(15)
Cash and cash equivalents and bank overdrafts at the end of the period	1,303	2,207	994
Cash and cash equivalents and bank overdrafts at the end of the period comprise:
Cash and cash equivalents	1,324	2,250	1,044
Overdrafts	(21)	(43)	(50)
Cash and cash equivalents and bank overdrafts at the end of the period	£ 1,303	£ 2,207	£ 994

Consolidated balance sheet - GBP (£) £ in Millions	Dec. 31, 2025	Dec. 31, 2024
Non-current assets
Property, plant and equipment	£ 1,871	£ 1,809
Right of use assets	126	112
Intangible assets	25,613	26,211
Other investments	67	82
Deferred tax assets	289	276
Post-employment benefit assets	68	36
Derivative financial instruments	9
Other non-current assets	37	71
Total non-current assets	28,080	28,597
Current assets
Inventories	1,025	1,190
Trade and other receivables	2,058	2,055
Cash and cash equivalents	1,324	2,250
Derivative financial instruments	78	130
Current tax receivables	65	93
Total current assets	4,550	5,718
Total assets	32,630	34,315
Current liabilities
Short-term borrowings	(836)	(1,487)
Trade and other payables	(3,730)	(3,705)
Other financial liability		(177)
Derivative financial instruments	(31)	(90)
Current tax payables	(267)	(235)
Short-term provisions	(69)	(118)
Total current liabilities	(4,933)	(5,812)
Non-current liabilities
Long-term borrowings	(7,773)	(8,640)
Deferred tax liabilities	(3,222)	(3,353)
Post-employment benefit obligations	(114)	(131)
Derivative financial instruments	(34)	(70)
Long-term provisions	(40)	(57)
Other non-current liabilities	(30)	(28)
Total non-current liabilities	(11,213)	(12,279)
Total liabilities	(16,146)	(18,091)
Net assets	16,484	16,224
Equity
Share capital	90	91
Other reserves	(11,512)	(11,197)
Retained earnings	27,847	27,272
Shareholders' equity	16,425	16,166
Non-controlling interests	59	58
Total equity	£ 16,484	£ 16,224