British American Tobacco Zimbabwe (Holdings) Limited (ZMSE:BAT)

ZMSE:BAT Financials Overview

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

Revenue & Profits

Chart

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	28.27	29.09	36.42	47.23	361.77	50.33
Revenue Growth	-2.83%	-20.12%	-22.89%	-86.94%	618.85%	386.74%
Gross Profit Gross Profit Growth	18.64	19.24	25.95	39.96	272.09	32.53
Operating Income Operating Income Growth	14.8	14.97	15.27	32.75	195.28	20.22
Net Income Net Income Growth	11.81	11.54	-0.76	9.07	74.44	14.94
Earnings Per Share EPS Growth	0.57	0.56	-0.04	0.44	3.61	0.86
EPS Growth	1.61%	-	-	-87.81%	319.88%	4807.16%

Revenue by Segment

Chart

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cut-Rag Cut-Rag Growth	0.38	0.35	0.31	1.04	13.77	5.07
Cigarettes Cigarettes Growth	27.89	28.75	36.11	46.2	347.99	45.26
Total Total Growth	28.27	29.09	36.42	47.23	361.77	50.33

Cash & Debt

Chart

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash (Debt) Net Cash Growth	4.52	7.37	2.13	8.12	62.87	16.04
Net Cash Growth	-38.67%	245.60%	-73.77%	-87.08%	291.84%	2507.16%
Net Cash Per Share Net Cash Per Share Growth	0.22	0.36	0.10	0.39	3.05	0.92
Cash & Investments Cash & Investments Growth	4.52	7.37	2.13	8.12	62.87	16.04

Cash Flow & CapEx

Chart

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	3.38	9.88	9.99	19.66	55.57	10.8
Capital Expenditures CapEx Growth	-0.11	-0.76	-0.29	-0.46	-42.63	-0.98
Free Cash Flow Free Cash Flow Growth	3.26	9.12	9.71	19.2	12.94	9.82
Free Cash Flow Growth	-64.23%	-6.02%	-49.45%	48.40%	31.73%	-

Margins

Chart

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	65.92%	66.12%	71.25%	84.61%	75.21%	64.64%
Operating Margin	52.33%	51.44%	41.94%	69.33%	53.98%	40.17%
Pretax Margin	56.49%	55.44%	6.49%	30.08%	37.06%	46.17%
Profit Margin	41.78%	39.65%	-2.08%	19.21%	20.58%	29.68%
FCF Margin	11.54%	31.36%	26.65%	40.66%	3.58%	19.52%

Dividends

Chart

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Oct 13, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Dividend Per Share Dividend Per Share Growth	106.260	0.430	0.200	-	0.274
Dividend Per Share Growth	-19.51%	115.00%	-	-	-
Dividend Yield	4.61%	0.06%	0.03%	-	3.27%

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Oct 12, 2026

Data Sources Report a data error