British American Tobacco p.l.c. (BTI) Financial Statements — Income, Balance Sheet, Cash Flow

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Financial Statements — BTI

Balance Sheet

(in billions GBP)

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Cash & Equivalents	3.83	5.30	4.66	3.45	2.81	3.14	2.53
Inventory	4.38	4.62	4.94	5.67	5.28	6.00	6.09
Total Current Assets	12.68	14.29	14.19	15.41	12.81	13.61	13.27
Goodwill	38.92	41.13	41.09	47.96	43.19	43.32	44.32
Total Non-current Assets	96.61	104.61	104.53	138.14	124.56	124.08	127.73
Total Assets	109.29	118.90	118.72	153.55	137.37	137.69	141.01
Total Current Liabilities	14.52	18.74	15.67	17.85	15.14	15.48	18.82
Total Non-current Liabilities	46.62	50.16	50.11	59.98	54.82	59.26	58.02
Total Liabilities*	61.15	68.90	65.78	77.84	69.96	74.74	76.85
Retained Earnings	22.93	21.61	24.53	44.08	44.21	42.04	40.23
Total Stockholder Equity	48.15	50.00	52.93	75.71	67.40	62.96	64.16

* Derived from reported values

Income Statement

(in billions GBP) (except per-share rows)

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Total Revenue	25.61	25.87	27.28	27.66	25.68	25.78	25.88
Research & Development	0.36	0.38	0.41	0.32	0.30	0.31	0.38
Operating Income	10.00	2.74	(15.75)	10.52	10.23	9.96	9.02
Interest Expense	1.66	1.70	1.79	1.60	1.44	1.61	1.68
Pretax Income	9.86	3.54	(17.06)	9.32	9.16	8.67	7.91
Tax Provision	2.09	0.36	(2.87)	2.48	2.19	2.11	2.06
Net Income	7.77	3.18	(14.19)	6.85	6.97	6.56	5.85
Basic EPS	3.51	1.37	(6.47)	2.93	2.97	2.80	2.50
Diluted EPS	3.49	1.36	(6.47)	2.92	2.96	2.79	2.49

Cash Flow Statement

(in billions GBP)

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Operating Cash Flow	6.34	10.13	10.71	10.39	9.72	9.79	9.00
Investing Cash Flow	1.39	1.38	(0.30)	(0.70)	(1.14)	(0.78)	(0.64)
Financing Cash Flow	(8.76)	(10.63)	(9.31)	(8.88)	(8.75)	(7.90)	(8.59)