British American Tobacco Posts Pretax Profit Jump
By Cristina Gallardo
British American Tobacco posted a jump in pretax profit as demand for vapor and other smokeless products continued to grow.
The FTSE 100 cigarette maker--which houses the Kent, Dunhill and Lucky Strike brands--on Thursday said pretax profit for 2025 was 9.86 billion pounds ($13.44 billion) compared with 3.54 billion pounds in 2024.
New categories products--which includes vapor, heated products and oral pouches--revenue rose to 3.62 billion pounds, up 7% at constant currencies.
Revenue for the group as a whole dropped 1% to 25.61 billion pounds due to a foreign exchange headwind of 3.1%, and in line with a consensus estimate provided by the company of 25.60 billion pounds.
Adjusted profit from operations--one of the company's preferred metrics--came in at 11.89 billion pounds, up from 11.37 billion pounds a year ago and against a consensus forecast of 11.29 billion pounds.
The board declared a dividend of 245.04 pence a share, up 2% on year.
Write to Cristina Gallardo at cristina.gallardo@wsj.com
(END) Dow Jones Newswires
February 12, 2026 02:42 ET (07:42 GMT)
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