BAT reaffirms full-year 2026 guidance, sees mid-teens New Category revenue growth
BTI•BAT reaffirms 2026 guidance
British American Tobacco kept full-year 2026 guidance unchanged, citing first-half performance in line with expectations.
Forecast calls for mid-teens New Category revenue growth, supported by a return to Vapour growth and strong Modern Oral momentum.
Smokeless products and cash flow targets
Smokeless products accounted for 19.8% of group revenue in the first half.
Still targeting more than GBP 50 billion of free cash flow before dividends by end-2030.
Progressing toward a year-end leverage range of 2-2.5x.
