British American Tobacco p.l.c. (LON:BATS)
United Kingdom flag United Kingdom · Delayed Price · Currency is GBP · Price in GBX
4,477.00
+90.00 (2.05%)
Oct 22, 2026, 4:35 PM BST

LON:BATS Financials Overview

Millions GBP. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
25,77625,61025,86727,28327,65525,684
Revenue Growth
0.65%-0.99%-5.19%-1.34%7.67%-0.36%
Gross Profit
21,32121,16721,29722,39223,07621,087
Operating Income
8,9539,7569,796-10,57111,50210,908
Net Income
6,3497,6773,026-14,4126,6176,789
Earnings Per Share
2.913.491.36-6.472.922.96
EPS Growth
-16.75%156.69%---1.25%5.99%

Revenue by Geography

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
US
12,15811,90311,27811,99412,63911,691
AME
9,6699,5489,2419,7919,287-
APMEA
4,7534,9635,3485,4985,729-
Revenue (Total)
25,77625,61025,86727,28327,65525,684

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
2,5333,8435,8105,2604,0253,265
Total Debt
35,06335,07036,95039,91743,58839,658
Net Cash (Debt)
-32,530-31,227-31,140-34,657-39,563-36,393
Net Cash Growth
------
Net Cash Per Share
-14.89-14.20-14.00-15.55-17.45-15.84

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
7,4356,34210,12510,71410,3949,717
Capital Expenditures
-582-551-486-460-523-527
Free Cash Flow
6,8535,7919,63910,2549,8719,190
Free Cash Flow Growth
18.34%-39.92%-6.00%3.88%7.41%-0.92%

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
82.72%82.65%82.33%82.07%83.44%82.10%
Operating Margin
34.73%38.09%37.87%-38.75%41.59%42.47%
Pretax Margin
32.34%38.50%13.68%-62.53%33.72%35.68%
Profit Margin
24.63%29.98%11.70%-52.82%23.93%26.43%
FCF Margin
26.59%22.61%37.26%37.58%35.69%35.78%

Dividends

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
2.4502.4502.4022.3552.1782.156
Dividend Per Share Growth
2.00%2.00%2.00%8.14%1.02%2.47%
Dividend Yield
5.47%5.82%8.34%10.26%6.64%7.87%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
15.4011.9220.96-11.069.24
Forward PE
11.7311.877.776.118.347.85
P/FCF Ratio
13.8115.816.584.997.416.83
PS Ratio
3.673.572.451.882.652.44