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British American Tobacco p.l.c.

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Built from British American Tobacco p.l.c.'s own SEC filings · updates as new filings land · sources cited throughout

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← Research LibraryThe BriefFY2025 20-F · headline figures audited against SEC data

Revenue slipped 1.0% to £25.61B, but net income rose to £7.76B from £3.07B as the Canadian settlement weighed less on profit.

The read at a glance✓ Audited against SEC data
  • Growth — Revenue -1.0% to £25.61B; cigarette volume down to 465bn sticksWatch
  • Profitability — Operating margin 39.0%, up 2,846 bps; net income £7.76BOK
  • Cash — Operating cash flow £6.34B, -37.4%, after a £2,560m Canada paymentWatch
  • Balance sheet — Total equity £46.03B, -4.0%Note
  • Capital — £1,112m of buybacks; dividend 245.04p per shareNote
  • Combustibles — Cigarettes and other combustibles still £20,201m of revenueWatch

Business

British American Tobacco sells cigarettes and other combustible tobacco, plus smokeless products: vapour, heated products, modern oral nicotine pouches and traditional oral tobacco. It reports in three regions: the U.S., Americas and Europe, and Asia-Pacific, Middle East and Africa. Combustibles were £20,201m of its £25.61B revenue in 2025.

Latest filings

  • 6-K · Company announcement (foreign filer)2026-10-02
  • 6-K · Company announcement (foreign filer)2026-10-01
  • 6-K · Company announcement (foreign filer)2026-09-29
  • 6-K · Company announcement (foreign filer)2026-09-09
  • 6-K · Company announcement (foreign filer)2026-09-03
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Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.

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