British American Tobacco p.l.c. (BTI) — Financial statements
Income statement, balance sheet, and cash flow for British American Tobacco p.l.c. — annual and quarterly history with growth and margin analysis.
| Metric (GBP Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 25,610↓1.0% | 25,867↓5.2% | 27,283↓1.3% | 27,655↑7.7% | 25,684 | |
| Cost of Revenue | 4,226↓4.7% | 4,436↓9.3% | 4,891↑1.8% | 4,804↑4.5% | 4,597 | |
| Gross Profit | 21,384↓0.2% | 21,431↓4.3% | 22,392↓2.0% | 22,851↑8.4% | 21,087 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00↓100.0% | 380↓6.9% | 408↑26.3% | 323↑6.3% | 304 | |
| General & Administrative Expenses | 31↓98.9% | 2,840↑5.0% | 2,704↑1.3% | 2,669↑4.0% | 2,566 | |
| Selling & Marketing Expenses | 1,092↓1.7% | 1,111↓3.6% | 1,152↓0.7% | 1,160↓6.6% | 1,242 | |
| SG&A Expenses | 1,123↓71.6% | 3,951↑2.5% | 3,856↑0.7% | 3,829↑0.6% | 3,808 | |
| Other Expenses | 10,264↓27.9% | 14,230↓58.0% | 33,879↑314.4% | 8,176↑21.3% | 6,741 | |
| Operating Expenses | 11,387↓38.7% | 18,561↓51.3% | 38,143↑209.4% | 12,328↑13.6% | 10,853 | |
| Total Costs & Expenses | 15,613↓32.5% | 23,131↓46.2% | 43,034↑151.2% | 17,132↑10.9% | 15,450 | |
| Operating Results | ||||||
| Operating Income | 9,997↑265.4% | 2,736↑117.4% | -15,751↓249.7% | 10,523↑2.8% | 10,234 | |
| Depreciation & Amortization | 2,002↓35.4% | 3,101↑389.1% | 634↓12.4% | 724↓23.7% | 949 | |
| EBITDA | 11,758↑52.0% | 7,737↓41.7% | 13,275↑8.6% | 12,226↑9.3% | 11,190 | |
| EBIT | 9,756↑110.4% | 4,636↓63.3% | 12,641↑9.9% | 11,502↑12.3% | 10,241 | |
| Interest & Other Income | ||||||
| Net Interest Income | -1,819↓65.7% | -1,098↑36.2% | -1,720↓8.0% | -1,592↓10.9% | -1,436 | |
| Interest Income | 0.00 | 0.00↓100.0% | 186↑102.2% | 92↑162.9% | 35 | |
| Interest Expense | 1,819↑65.7% | 1,098↓41.8% | 1,887↑13.5% | 1,663↑11.5% | 1,491 | |
| Non-Operating Income | 241↑112.7% | -1,900↑93.3% | -28,392↓2800.1% | -979↓45.3% | -674 | |
| Other Income / Expenses | -138↓117.2% | 802↑161.2% | -1,310↓9.3% | -1,199↓12.0% | -1,071 | |
| Income Before Tax | 9,859↑178.7% | 3,538↑120.7% | -17,061↓283.0% | 9,324↑1.8% | 9,163 | |
| Income Tax Expense | 2,094↑486.6% | 357↑112.4% | -2,872↓215.9% | 2,478↑13.2% | 2,189 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 7,765↑144.1% | 3,181↑122.4% | -14,189↓307.3% | 6,846↓1.8% | 6,974 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 7,764↑153.1% | 3,068↑121.4% | -14,367↓315.5% | 6,666↓2.0% | 6,801 | |
| Bottom-Line Net Income | 7,677↑153.7% | 3,026↑121.0% | -14,412↓317.8% | 6,617↓2.5% | 6,789 | |
| EPS (Basic) | 3.51↑156.2% | 1.37↑121.1% | -6.49↓321.5% | 2.93↓1.3% | 2.97 | |
| EPS (Diluted) | 3.49↑156.6% | 1.36↑121.0% | -6.47↓321.6% | 2.92↓1.4% | 2.96 | |
| Weighted Average Shares | 2,187↓1.2% | 2,214↓0.4% | 2,222↓1.4% | 2,254↑0.0% | 2,254 | |
| Weighted Average Diluted Shares | 2,199↓1.2% | 2,225↓0.2% | 2,229↓1.6% | 2,265↑0.0% | 2,265 | |
* All figures in Millions of GBP, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.