British American Tobacco H1 FY26 operating profit falls 15.8% to £4.27 billion; revenue rises 1.4% to £12.24 billion
BTI•Guidance reaffirmed and buyback remains on track
BAT reaffirmed FY26 guidance, now expecting adjusted diluted EPS growth towards the middle of its 5%-8% range; the £1.3 billion buyback remains on track.
H1 revenue rises while operating profit declines
British American Tobacco posted H1 revenue of £12.24 billion, up 1.4%, while profit from operations fell 15.8% to £4.27 billion.
Reported diluted EPS dropped 28.6% to 145.3p, partly due to a prior-year credit linked to the Canadian settlement provision.
New categories and smokeless products continue to grow
New Categories revenue rose 16.8% to £1.93 billion; New Categories contribution climbed 54.7% to £257 million.
Smokeless products reached 19.8% of group revenue, up 1.6 percentage points versus FY25; consumers of smokeless products rose to .
