British American Tobacco p.l.c.

British American Tobacco p.l.c.

60.30
USD
+1.53
(+2.60%)
133.32BMarket Cap
Feb 11Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
8.05
7.52
7.07
7.63
9.6
10.75
11.36
11.31
11.26
12.29
12.27
11.72
11.74
- -
Basic EPS, GAAP
2.06
1.68
2.32
2.51
18.39
2.65
2.5
2.81
2.98
2.96
-6.46
1.39
3.56
- -
Free Cash Flow per Basic Share
1.96
1.63
2.22
2.12
2.14
4.1
3.59
3.96
3.93
4.33
4.55
4.31
2.59
- -
Dividend per Share
1.38
1.46
1.5
1.57
1.7
1.91
2.02
2.08
2.15
2.18
2.27
2.36
2.4
- -
Book Value per Share
3.53
2.96
2.63
4.4
26.57
28.61
27.94
27.4
29.41
33.89
23.63
22.6
22.11
22.47
Tangible Book Value per Share
-2.43
-2.85
-2.98
-2.12
-24.93
-25.61
-23.99
-23.02
-21.26
-24.15
-19.33
-20.32
-18
-17.98
Basic Weighted Avg Shares
1,896
1,859
1,853
1,853
2,038
2,279
2,278
2,280
2,281
2,250
2,223
2,208
2,181
2,171
Sales/Revenue/Turnover
15,260
13,971
13,104
14,130
19,564
24,492
25,877
25,776
25,684
27,655
27,283
25,867
25,610
- -
Operating Margin (%)
36.51
33.3
34.85
35.23
34.43
38.52
46.69
64.49
52.03
51.63
-31.28
41.11
45.53
- -
Depreciation Expense
477
423
428
607
902
1,038
1,318
1,241
1,019
1,305
24,000
3,062
2,270
- -
Net Income, GAAP
3,904
3,115
4,290
4,648
37,485
6,032
5,704
6,400
6,801
6,666
-14,367
3,068
7,764
- -
Effective Tax Rate (%)
27.59
30.01
22.77
22.51
- -
25.64
26.07
24.31
23.89
26.58
- -
10.09
21.24
- -
Profit Margin (%)
25.58
22.3
32.74
32.89
191.6
24.63
22.04
24.83
26.48
24.1
-52.66
11.86
30.32
- -
Working Capital
1,082
363
808
503
-1,639
-3,674
-5,549
-1,866
-2,337
-2,444
-1,487
-4,449
-1,840
-2,355
LT Debt
9,716
9,779
14,806
16,488
44,027
43,284
37,804
39,927
35,666
38,726
35,406
32,638
31,708
31,045
Total Equity
6,935
5,814
5,032
8,406
60,981
65,688
64,160
62,955
67,401
75,710
52,934
49,995
48,145
48,595
Return on Invested Capital (%)
21.05
16.91
17.19
14.17
- -
6.15
5.94
6.92
7.22
6.78
- -
2.7
9.1
- -
Return on Capital (%)
21.84
17.7
22.47
19.93
- -
6.32
6.18
7.01
7.26
6.82
- -
5.11
10.91
- -
Return on Common Equity (%)
55.35
51.3
82.47
71.09
108.75
9.56
8.82
10.11
10.48
9.36
-22.46
6
15.91
- -

Capital Structure

GBP

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
3,304
3,362
4,018
LT Borrowings
- -
31,332
- -
LT Finance Leases
- -
376
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,182
2,167
2,153
Market Capitalization
75,295
91,164
100,534

Working Capital

GBP

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
13,875
12,684
11,923
Cash, Cash Equivalents & STI
4,893
3,508
2,533
Accounts Receivable, Net
3,475
3,802
3,845
Inventories
5,088
4,382
4,845
Total Current Liabilities
15,996
14,524
14,278
Payables & Accruals
- -
- -
- -
ST Debt
3,304
3,362
4,018
Deferred Revenue
- -
- -
- -

Growth Rates

GBP

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
67.61%
-3.99%
-3.7%
Free Cash Flow
8.36%
-6.98%
-40.76%
Net Income, GAAP
35.81%
-55.91%
153.06%
Sales/Revenue/Turnover
7.65%
-0.04%
-0.99%
Total Cash Common Dividend
6.86%
2.01%
0.48%

Semi-annual Revenue

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
25,867
2025
- -
- -
25,610
2026
- -
- -
- -

Semi-annual Earnings Per Share

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.39
2025
- -
- -
3.56
2026
- -
- -
- -

Semi-annual Dividends Per Share

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
2.36
2025
- -
- -
2.4
2026
- -
- -
- -

Company Description

CEO
Tadeu Luiz Marroco
Full Time Employees
47,797
Sector
Consumer non-durables
Industry
Tobacco
Address
Globe House London GL United Kingdom WC2R 2PG
IPO Date
Jan 29, 1962
Website
bat.com
Business
British American Tobacco p.l.c. (BAT) manufactures and sells cigarettes, combustible tobacco products, and newer nicotine and tobacco products including vapour products, heated tobacco products, and modern oral nicotine pouches; its global drive brands include Dunhill, Kent, Lucky Strike, Pall Mall, and Rothmans, with additional combustibles such as Camel, American Spirit, Newport, Vogue, Viceroy, Kool, State Express 555, and Shuang Xi; vapour products feature the Vuse brand of e-cigarettes; heated tobacco products comprise Glo including Glo Hyper Pro and Glo Hilo; modern oral products include Velo nicotine pouches such as Velo Plus and synthetic nicotine variants, alongside traditional oral offerings like Grizzly moist snuff and Camel snus. Founded in 1902 and headquartered in London, England, BAT operates in approximately 180 countries with manufacturing in 42 countries, tobacco leaf agriculture and processing in 29 countries, and distribution in 91 countries; it holds a 25.5% stake in India's ITC Limited, a joint venture with China National Tobacco Corporation called CTBAT International, and subsidiaries including Reynolds American in the US and Fiedler & Lundgren for snus production; the company targets consumer staples in the tobacco industry, serving adult smokers and nicotine users across regions with Asia Pacific as its largest combustibles market, followed by North America, Latin America, Europe, Middle East, and Africa. In recent developments, BAT formed a global strategic partnership with Accenture in July 2025 to transform its Global Business Solutions and Supply Network Operations using analytics and Agentic AI; it acquired multiple PACHA synthetic vape products from Charlie’s Holdings in April, June, and earlier in 2025 for up to $10.7 million total including contingencies; BAT expanded collaborations with ITC Limited for raw tobacco exports worth up to ₹2,320 crore over FY2025-27 and introduced innovations like Velo Plus, Glo Hyper Pro, Vuse Ultra, and synthetic nicotine pouches; the company increased its 2025 share buyback to £1.1 billion, anticipates £650 million in capital expenditure focused on operations and new categories, and launched Dunhill Global Editions in Korea while advancing its smokeless portfolio now comprising 17.9% of revenue with 26.4 million consumers.

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