British American Tobacco PLC
BATS
ISIN GB0002875804 / Valor 909525
British American Tobacco PLC
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About company
British American Tobacco PLC is a major international company that manufactures and sells tobacco and nicotine-based products across multiple markets. While its core business has traditionally centered on the production and distribution of cigarettes, the company has also been expanding into alternative nicotine products in response to evolving regulatory and consumer trends. A recent example of its technological adoption is a pilot initiative, in collaboration with Channel Islands Coop, which introduced Yoti facial age estimation technology in Jersey stores to help verify customer age and prevent underage access to age-restricted products.
Summarized from source with an LLMView SourceSector: Consumer Non-CyclicalsLatest Results (25.10.2025):
British American Tobacco PLC reported its Half-Year 2025 financial results, demonstrating resilience despite currency headwinds. Revenue declined by 2.2% on a reported basis but showed a 1.8% increase at constant exchange rates, driven by growth in the U.S. and continued expansion in New Categories.
Revenue Performance
Group revenue decreased by 2.2% to £12.069 billion due to a 4.0% currency headwind. On a constant currency basis, revenue grew by 1.8%, supported by a 3.7% increase in the U.S. and a 3.5% rise in the AME region, partially offset by a 4.8% decline in APMEA.
New Categories Growth
New Categories revenue remained steady with a 2.4% increase at constant FX, reaching £1.651 billion. Smokeless products now account for 18.2% of total revenue, up by 70 basis points compared to FY24, reflecting strong consumer adoption.
Profitability Improvement
Reported profit from operations surged by 19.1% to £5.069 billion, with the operating margin expanding by 7.5 percentage points to 42.0%. Adjusted profit from operations increased by 1.9% at constant FX, maintaining an adjusted operating margin of 43.2%.
Earnings and Shareholder Returns
Diluted earnings per share rose by 1.6% to 203.6p, while adjusted diluted EPS grew by 1.7% at constant FX. The company has enhanced its 2025 share buy-back programme by £200 million, bringing the total to £1.1 billion.
Outlook
British American Tobacco is on track to meet its full-year 2025 guidance, with continued growth expected in the U.S. and New Categories. The phased rollout of innovations is anticipated to accelerate second-half performance, supporting sustained profitability and shareholder value.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
119457 M
Market cap (USD)
2,625,527
Daily traded volume (Shares)
28.94 / 28.69
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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Dividend yield (p.a.)
Est dividend (USD)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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