British American Tobacco Expects FY26 Adjusted EPS To Be Towards Middle Of 5-8% Guidance Range - BTI News | RalliesBritish American Tobacco Expects FY26 Adjusted EPS To Be Towards Middle Of 5-8% Guidance Range
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BTI• H1 results and FY26 guidance
- British American Tobacco H1 EPS GBP 1.453
- British American Tobacco H1 operating profit GBP 4,266 million
- British American Tobacco H1 operating margin 34.9%
- British American Tobacco H1 revenue GBP 12,235 million versus IBES estimate GBP 12,216 million
- British American Tobacco H1 adjusted EPS GBP 1.677
- British American Tobacco H1 adjusted EBIT GBP 5,426 million
- BAT: confident in FY26 guidance
- BAT: FY26 adjusted diluted EPS now expected to be towards middle of our 5-8% guidance range
Costs, investment and programme updates
- BAT: in H1, actively increased investment in key markets in response to heightened competitive activity, including in the U.S.
- BAT: recognised an additional one-off, non-cash expense/charge of £228 million in 2026
- BAT: Fit2Win programme has identified additional potential optimisation opportunities of £100 million by end of 2028
- BAT: Fit2Win expected to generate annualised cost efficiencies and cash flow of c.£700 million by end of 2028
- BAT: costs of £370 million in respect of group's operational and process review programme in HY
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