NASE:BAT Income Statement

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

Millions KES. 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
Revenue	23,192	25,716	25,558	27,378	25,427
Revenue Growth (YoY)	-9.81%	0.62%	-6.65%	7.67%	0.35%
Cost of Revenue	15,717	15,008	14,798	14,211	13,018
Gross Profit	7,475	10,708	10,759	13,167	12,409
Selling, General & Admin	-	2,887	2,839	3,061	3,052
Other Operating Expenses	-	-273.21	-214.75	-120.11	-154.53
Operating Expenses	-	2,614	2,624	2,941	2,898
Operating Income	7,475	8,095	8,135	10,226	9,512
Interest Expense	-	-123.03	-191.94	-83.06	-109.79
Interest & Investment Income	-	31.21	14.5	20.49	3.79
Currency Exchange Gain (Loss)	-	-737.28	274	95.1	24.38
Other Non Operating Income (Expenses)	196	-	-	-	-
EBT Excluding Unusual Items	7,671	7,266	8,232	10,259	9,430
Merger & Restructuring Charges	-	-570.63	-23.48	-323.9	-164.26
Asset Writedown	-	-211.07	-186.1	-22.14	22.08
Pretax Income	7,671	6,484	8,022	9,913	9,288
Income Tax Expense	2,425	2,001	2,454	3,021	2,805
Net Income	5,246	4,483	5,568	6,892	6,483
Preferred Dividends & Other Adjustments	-	-	-	-	0
Net Income to Common	5,246	4,483	5,568	6,892	6,483
Net Income Growth	17.01%	-19.48%	-19.21%	6.30%	17.51%
Shares Outstanding (Basic)	100	100	100	100	100
Shares Outstanding (Diluted)	100	100	100	100	100
EPS (Basic)	52.46	44.83	55.68	68.92	64.83
EPS (Diluted)	52.46	44.83	55.68	68.92	64.83
EPS Growth	17.01%	-19.48%	-19.21%	6.30%	17.51%
Free Cash Flow	6,642	7,556	5,119	4,867	5,665
Free Cash Flow Per Share	66.42	75.56	51.19	48.67	56.65
Dividend Per Share	-	50.000	50.000	57.000	53.500
Dividend Growth	-	-	-12.28%	6.54%	18.89%
Gross Margin	32.23%	41.64%	42.10%	48.09%	48.80%
Operating Margin	32.23%	31.48%	31.83%	37.35%	37.41%
Profit Margin	22.62%	17.43%	21.79%	25.17%	25.50%
Free Cash Flow Margin	28.64%	29.38%	20.03%	17.78%	22.28%
EBITDA	8,146	8,765	8,810	10,828	10,077
EBITDA Margin	35.12%	34.09%	34.47%	39.55%	39.63%
D&A For EBITDA	670.65	670.65	675.04	601.89	565.11
EBIT	7,475	8,095	8,135	10,226	9,512
EBIT Margin	32.23%	31.48%	31.83%	37.35%	37.41%
Effective Tax Rate	31.61%	30.85%	30.59%	30.47%	30.20%
Revenue as Reported	23,192	25,716	25,558	27,378	25,427

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.