British American Tobacco p.l.c. (BTAFF) income statement

BTAFFOTCCigarettesAlso trades as BTI

Financials through fiscal 2025, year ended Dec 31, 2025Score 6/30

$57.90−0.48 (-0.82%)

Close on Oct 19, 2026Market cap $133.90BP/E 12.4Yield 5.66%

British American Tobacco p.l.c. income statement

AnnualQuarterlyTTM

GBP USD

Millions of GBP, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31
Revenue	25,610	25,867	27,283	27,655	25,684	25,776	25,877	24,492	19,564	14,130	12,536
Research & Development	358	380	408	323	304	307	376	258	191	144	60
Selling & Marketing	1,092	1,111	1,152	1,160	1,242	1,096	1,149	–	–	–	–
Operating Income	9,997	2,736	-15,751	10,523	10,234	9,962	9,016	9,313	6,412	4,655	4,557
Interest Expense	2,033	1,349	2,081	1,733	1,521	1,795	1,686	1,449	1,197	681	584
Interest & Investment Income	214	251	186	92	35	50	84	68	103	44	646
Income from Equity Investments	1,681	1,900	585	442	415	455	498	419	24,209	2,227	1,236
Pretax Income	9,859	3,538	-17,061	9,324	9,163	8,672	7,912	8,351	29,527	6,245	5,855
Income Tax Expense	2,094	357	-2,872	2,478	2,189	2,108	2,063	2,141	-8,129	1,406	1,333
Income from Continuing Operations	–	–	–	-1,885	–	–	9,016	9,313	6,412	4,655	–
Net Income incl. Noncontrolling Interests	7,765	3,181	-14,189	6,846	6,974	6,564	5,849	6,210	37,656	4,839	4,522
Minority Interest in Earnings	1.00	113	178	180	173	164	145	178	171	191	232
Net Income	7,764	3,068	-14,367	6,666	6,801	6,400	5,704	6,032	37,485	4,648	4,290
Net Income to Common	7,677	3,026	-14,412	6,617	6,789	6,400	5,704	6,032	37,485	4,648	4,290
EPS (Basic)(per share)	3.51	1.37	-6.47	2.93	2.97	2.80	2.50	2.64	18.34	2.50	230.90
EPS (Diluted)(per share)	3.49	1.36	-6.47	2.92	2.96	2.79	2.49	2.63	18.28	2.49	230.30
Shares Outstanding (Basic, Weighted)(shares)	2,187	2,214	2,229	2,256	2,287	2,286	2,284	2,285	–	–	–
Shares Outstanding (Diluted, Weighted)(shares)	2,199	2,225	2,229	2,267	2,297	2,295	2,291	2,292	–	–	–
Dividend per Share(per share)	2.45	2.40	2.36	2.31	2.18	2.16	2.10	2.03	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, FY2025

Gross margin: –
Operating margin: 39.0%
Net margin: 30.3%
Return on equity, FY2025: 16.5%

Financial strength

Current ratio: 0.84
Debt to equity: 0.75
Debt to assets: 32.3%
Cash to current liabilities: 17.6%

Valuation

P/E ratio: 12.4
Price to sales: 3.91
Price to book: 2.15
Dividend yield: 5.66%