British American Tobacco revenue and financials
Secondary listing. The primary listing is British American Tobacco · LSE (GBp)
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In the fiscal year ended December 2025, British American Tobacco reported revenue of £25.61B (−0.99% year over year). Net income was £7.76B, a net margin of 30.3%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
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.
| 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 | 141,038 | 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 | — | — | — | — | — | — |
| Receivables | 4,272 | 3,671 | 3,793 | 4,516 | 4,068 | — | — | — | — | — |
| Inventory | 4,382 | 4,616 | 4,938 | 5,671 | 5,279 | — | — | — | — | — |
| Net property, plant and equipment | 4,483 | 4,379 | 4,583 | 4,867 | 4,953 | — | — | — | — | — |
| 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 | — | — | — | — | — |
| Long-term investments | 1,854 | 2,048 | 2,088 | 2,141 | 1,998 | — | — | — | — | — |
| Current liabilities | 14,524 | 18,743 | 15,673 | 17,853 | 15,144 | 15,478 | 18,823 | 16,329 | 15,544 | 11,856 |
| Accounts payable | 1,814 | 1,709 | 1,707 | 1,862 | 3,923 | — | — | — | — | — |
| Long-term debt | 35,070 | 36,950 | 39,730 | 43,139 | 39,658 | 43,968 | 45,366 | 47,509 | 49,450 | 19,495 |
| Total debt | 35,070 | 36,950 | 39,730 | 43,139 | — | — | — | — | — | — |
| Total liabilities | 61,145 | 68,904 | 65,782 | 77,836 | 69,964 | — | — | — | — | — |
| Total equity (incl. minority) | 48,145 | 49,995 | 52,934 | 75,710 | 67,401 | — | — | — | — | — |
| Retained earnings | 27,312 | 26,018 | 31,627 | 51,197 | 49,334 | — | — | — | — | — |
| Minority interest | 219 | 352 | 368 | 342 | 300 | — | — | — | — | — |