British American Tobacco

BATS · LSE · GBp

3,960.00 GBp−0.60%−24.00 GBp

Close · October 2, 2026

At a glance

Revenue growth: −0.99%; 2025 vs 2024
Net income growth: +153.06%; 2025 vs 2024
Net margin: 30.3%; 2024: 11.9%

Financial data

Amounts in millions of GBP; per-share values in GBP; shares in millions.

Balance sheet · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total assets	109,290	118,899	118,716	153,546	137,365	137,690	141,005	146,342	141,054	39,773
Current assets	12,684	14,294	14,186	15,409	12,807	13,612	13,274	12,655	13,966	12,359
Cash and equivalents	3,827	5,297	4,659	3,446	2,809	3,139	2,526	2,602	3,291	2,204
Short-term investments	16.0	513	601	579	—	—	123	178	65.0	15.0
Receivables	4,272	3,671	3,793	4,516	4,068	3,800	4,215	3,662	4,513	3,953
Inventory	4,382	4,616	4,938	5,671	5,279	5,998	6,094	6,029	5,864	5,793
Net property, plant and equipment	4,483	4,379	4,583	4,867	4,953	5,060	5,518	5,166	4,882	3,661
Goodwill	38,917	41,129	41,091	47,956	43,194	43,319	44,316	46,163	44,147	11,023
Other intangible assets	48,017	53,147	54,471	81,119	72,431	72,024	74,471	77,850	73,638	1,094
Long-term investments	1,854	2,048	2,088	2,141	1,998	1,818	1,872	1,776	1,619	9,550
Current liabilities	14,524	18,743	15,673	17,853	15,144	15,478	18,823	16,329	15,605	11,856
Accounts payable	1,814	1,709	1,707	1,862	3,923	3,722	3,453	3,557	2,298	1,281
Long-term debt	31,332	32,194	35,226	38,786	35,346	39,589	37,379	43,277	44,015	16,472
Total debt	35,033	36,812	39,814	43,588	39,312	43,719	43,819	46,699	47,781	18,688
Total liabilities	61,145	68,904	65,782	77,836	69,964	74,735	76,845	80,654	80,073	31,367
Total equity (incl. minority)	48,145	49,995	52,934	75,710	67,401	62,865	64,070	65,598	60,891	8,316
Retained earnings	27,312	26,018	31,627	51,197	49,334	47,191	45,495	43,799	42,130	8,384
Minority interest	219	352	368	342	300	282	258	244	222	224