JSE:BTI Cash Flow Statement

Financials in millions GBP. Fiscal year is January - December.

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	7,765	3,181	-14,189	6,846	6,974
Depreciation & Amortization	2,547	3,101	28,614	1,305	1,076
Other Adjustments	2,496	-485	-1,126	4,283	3,690
Change in Receivables	-295	-269	-487	-42	-393
Changes in Inventories	112	35	265	-246	433
Changes in Accounts Payable	-207	58	640	3	183
Changes in Income Taxes Payable	-2,926	-1,854	-2,622	-2,537	-2,314
Changes in Other Operating Activities	-3,150	6,358	-381	782	68
Operating Cash Flow	6,342	10,125	10,714	10,394	9,717
Operating Cash Flow Growth	-37.36%	-5.50%	3.08%	6.97%	-0.70%
Capital Expenditures	-551	-486	-460	-523	-527
Sale of Property, Plant & Equipment	37	145	54	31	31
Purchases of Intangible Assets	-153	-122	-141	-133	-218
Proceeds from Sale of Intangible Assets	31	39	27	3	-
Purchases of Investments	-54	-216	-448	-257	-369
Proceeds from Sale of Investments	848	299	405	128	141
Payments for Business Acquisitions	-29	-48	-37	-39	-133
Proceeds from Business Divestments	1,056	1,577	159	-	-98
Other Investing Activities	202	187	145	85	33
Investing Cash Flow	1,387	1,375	-296	-705	-1,140
Long-Term Debt Issued	3,814	2,404	5,134	3,267	978
Long-Term Debt Repaid	-3,932	-4,826	-6,769	-3,044	-4,843
Net Long-Term Debt Issued (Repaid)	-118	-2,422	-1,635	223	-3,865
Repurchase of Common Stock	-1,173	-792	-110	-2,092	-82
Net Common Stock Issued (Repurchased)	-1,173	-792	-110	-2,092	-82
Issuance of Preferred Stock	1,050	-	-	-	1,681
Repurchase of Preferred Stock	-883	-	-	-	-
Net Preferred Stock Issued (Repurchased)	167	-	-	-	1,681
Common Dividends Paid	-5,238	-5,213	-5,055	-4,915	-4,904
Preferred Share Dividends Paid	-54	-56	-59	-60	-6
Other Financing Activities	-2,346	-2,149	-2,455	-2,034	-1,573
Financing Cash Flow	-8,762	-10,632	-9,314	-8,878	-8,749
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-76	-281	-292	431	-253
Net Cash Flow	-1,317	587	1,180	874	-425

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.