BAT Posts Annual Revenue Of 25.61 Billion Pounds

Feb 12 (Reuters) - British American Tobacco PLC BATS.L:

• FY REVENUE GBP 25,610 MILLION VERSUS. IBES ESTIMATE GBP 25,664 MILLION

• FY EPS GBP 3.491

• FY OPERATING MARGIN 39%

• FY OPERATING PROFIT GBP 9,997 MILLION

• FY ADJUSTED EPS GBP 3.521

• DIVIDEND GROWTH OF 2.0% TO 245.04P AND A £1.3 BILLION SHARE BUY-BACK IN 2026

• SEES 3-5% REVENUE GROWTH, WITH LOW DOUBLE-DIGIT NEW CATEGORY REVENUE GROWTH IN 2026

• ENABLING FULL-YEAR DELIVERY AT TOP END OF OUR GUIDANCE

• CONFIDENCE IN SUSTAINABLY DELIVERING OUR MID-TERM ALGORITHM FROM 2026

• FY DIVIDEND GBP 2.45

• SEES 4-6% ADJUSTED PROFIT FROM OPERATIONS GROWTH - H2 WEIGHTED IN 2026

• RECRUITMENT PROCESS TO IDENTIFY A PERMANENT SUCCESSOR TO ROLE OF CHIEF FINANCIAL OFFICER IS UNDERWAY

• JAVED IQBAL WAS APPOINTED INTERIM CFO OF BAT

• SEES 5-8% ADJUSTED DILUTED EPS GROWTH WEIGHTED IN 2026

• CONTINUE TO EXPECT THE GROUP TO GENERATE C.£50 BILLION OF FREE CASH FLOW BEFORE DIVIDENDS BETWEEN 2024 AND 2030

• EXPECTS ITS GROSS CAPITAL EXPENDITURE IN 2026 TO BE ABOUT £750 MILLION

• VAPOUR CATEGORY CONTINUES TO BE IMPACTED BY ILLICIT PROLIFERATION

• 2026 PERFORMANCE EXPECTED AT LOWER END OF RANGE

• IN 2025, GROUP INCURRED NET CHARGE OF £353 MILLION OF OTHER ADJUSTING ITEMS

• STARTED STRUCTURED TIME-BOUND PROGRAMME (REFERRED TO AS FIT2WIN) TO REVIEW PROCESSES AND WAYS OF WORKING

• EXPECT ASSOCIATED ONE-OFF COSTS OF AROUND £600 MILLION RELATED TO TIME-BOUND PROGRAMME

• TIME-BOUND PROGRAMME HAVING COMMENCED IN 2025, IS EXPECTED TO COMPLETE IN 2027

• TIME-BOUND PROGRAMME EXPECTED TO GENERATE ANNUALISED COST EFFICIENCIES AND CASH FLOW OF £600 MILLION BY END OF 2028

• ON 19 DEC 2025, ENTERED AGREEMENT TO SELL 50% SHAREHOLDING IN BRASCUBA CIGARRILLOS S.A., ITS OPERATING ENTITY IN CUBA, TO TABAGEST S.A.

• UPON COMPLETION OF BRASCUBA SALE, GROUP WILL NO LONGER HAVE A PRESENCE IN CUBA