BAT Preliminary Announcement 2025 Summary Performance Review Financial Statements Other Information Data Lake and Reconciliations 16 Financial Statements Contents Page Financial Statements: Group Income Statement 18 Group Statement of Comprehensive Income 19 Group Statement of Changes in Equity 20 Group Balance Sheet 22 Group Cash Flow Statement 23 Notes to the Financial Statements 24 Other Information 39 Data Lake and Reconciliations 46 BAT Preliminary Announcement 2025 Summary Performance Review Financial Statements Other Information Data Lake and Reconciliations 17 Financial Statements Group Income Statement For years ended 31 December 2025 2024 m m Revenue1 25,610 25,867 Raw materials and consumables used (4,465) (4,565) Changes in inventories of finished goods and work in progress 239 129 Employee benefit costs (3,125) (2,831) Depreciation, amortisation and impairment costs (2,547) (3,101) Other operating income 192 340 Loss on reclassification from amortised cost to fair value (12) (10) Other operating expenses (5,895) (13,093) Profit from operations 9,997 2,736 Net finance costs (1,819) (1,098) Share of post-tax results of associates and joint ventures 1,681 1,900 Profit before taxation 9,859 3,538 Taxation on ordinary activities (2,094) (357) Profit for the year 7,765 3,181 Attributable to: Owners of the parent 7,764 3,068 Non-controlling interests 1 113 7,765 3,181 Earnings per share Basic 351.0p 136.7p Diluted 349.1p 136.0p All of the activities during both years are in respect of continuing operations
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Kerrigan K, Wang X, Haaland B, Adamson B, Patel S, Puri S, et al
