British American Tobacco p.l.c. (BTI)

BTI Income Statement

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

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	25,776	25,610	25,867	27,283	27,655	25,684
Revenue Growth	0.70%	-0.99%	-5.19%	-1.34%	7.67%	-0.36%
Cost of Revenue	4,455	4,443	4,570	4,891	4,579	4,597
Gross Profit	21,321	21,167	21,297	22,392	23,076	21,087
Selling, General & Admin	4,388	4,200	3,951	3,856	3,829	3,808
Other Operating Expenses	5,594	4,997	5,316	5,146	6,660	5,341
Operating Expenses	12,368	11,411	11,501	32,963	11,574	10,179
Operating Income	8,953	9,756	9,796	-10,571	11,502	10,908
Interest Expense	-1,722	-1,774	-1,772	-1,832	-1,627	-1,471
Interest & Investment Income	184	214	251	186	92	35
Earnings From Equity Investments	396	1,681	1,900	585	442	415
Currency Exchange Gain (Loss)	-111	360	-2	432	-631	260
Other Non Operating Income (Expenses)	645	-666	-111	-618	464	-288
EBT Excluding Unusual Items	8,345	9,571	10,062	-11,818	10,242	9,859
Merger & Restructuring Charges	-66	-66	-	2	-774	-150
Impairment of Goodwill	-277	-277	-39	-4,614	-	-57
Gain (Loss) on Sale of Investments	21	21	-6	-	-	-24
Gain (Loss) on Sale of Assets	22	22	62	-446	33	-358
Asset Writedown	-37	-37	-828	-	-	-
Legal Settlements	305	601	-6,303	-156	-177	-81
Other Unusual Items	24	24	590	-29	-	-26
Pretax Income	8,337	9,859	3,538	-17,061	9,324	9,163
Income Tax Expense	1,909	2,094	357	-2,872	2,478	2,189
Earnings From Continuing Operations	6,428	7,765	3,181	-14,189	6,846	6,974
Minority Interest in Earnings	14	-1	-113	-178	-180	-173
Net Income	6,442	7,764	3,068	-14,367	6,666	6,801
Preferred Dividends & Other Adjustments	93	87	42	45	49	12
Net Income to Common	6,349	7,677	3,026	-14,412	6,617	6,789
Net Income Growth	108.51%	153.70%	-	-	-2.53%	6.08%
Shares Outstanding (Basic)	2,173	2,187	2,214	2,229	2,256	2,287
Shares Outstanding (Diluted)	2,185	2,199	2,225	2,229	2,267	2,297
Shares Change	-1.22%	-1.17%	-0.18%	-1.68%	-1.31%	0.09%
EPS (Basic)	2.92	3.51	1.37	-6.47	2.93	2.97
EPS (Diluted)	2.91	3.49	1.36	-6.47	2.92	2.96
EPS Growth	111.11%	156.69%	-	-	-1.25%	5.99%

Additional Metrics

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
Free Cash Flow	6,853	5,791	9,639	10,254	9,871	9,190
Free Cash Flow Per Share	3.14	2.63	4.33	4.60	4.35	4.00
Dividend Per Share	2.450	2.450	2.402	2.355	2.178	2.156
Dividend Growth	2.00%	2.00%	2.00%	8.14%	1.02%	2.47%
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%
Profit Margin	24.63%	29.98%	11.70%	-52.82%	23.93%	26.43%
Free Cash Flow Margin	26.59%	22.61%	37.26%	37.58%	35.69%	35.78%
EBITDA	11,199	11,758	11,822	13,265	12,445	11,809
EBITDA Margin	43.45%	45.91%	45.70%	48.62%	45.00%	45.98%
D&A For EBITDA	2,246	2,002	2,026	23,836	943	901
EBIT	8,953	9,756	9,796	-10,571	11,502	10,908
EBIT Margin	34.73%	38.09%	37.87%	-38.75%	41.59%	42.47%
Effective Tax Rate	22.90%	21.24%	10.09%	-	26.58%	23.89%

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Jul 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:

Aug 15, 2026

Data Sources Report a data error