British American Tobacco p.l.c. (LON:BATS)
London flag London · Delayed Price · Currency is GBP · Price in GBX
4,570.00
+4.00 (0.09%)
Jul 31, 2026, 4:38 PM GMT

LON:BATS Financials Overview

Millions GBP. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 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 YearTTMFY 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 YearCurrentFY 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 YearTTMFY 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 YearTTMFY 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 YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '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
2538.91%2.00%2.00%8.14%1.02%2.47%
Dividend Yield
5.36%5.98%9.16%12.33%8.72%11.06%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
15.7211.9220.96-11.069.24
Forward PE
12.1711.877.776.118.347.85
P/FCF Ratio
14.3915.816.584.997.416.83
PS Ratio
3.833.572.451.882.652.44