Business
Half-year Report
Half-year Report.
About this update from Imperial Brands Plc
[{"type":"text","content":"\n\nIMPERIAL BRANDS PLC\nLegal Entity Identifier (LEI) No. 549300DFVPOB67JL3A42\n \nhalf YEAR RESULTS STATEMENT\n14 may 2025\ninvesting in Growth Delivering RETURNS\n \nReport for the six months ended 31 March 2025\nBusiness Highlights\n· Aggregate market share gains (+6 bps) in our five priority markets - ahead of our strategic objective\n· Strong tobacco pricing more than offsetting volume declines\n· NGP net revenue up 15.4% with growth in all categories; NGP reported revenue up 14.7%\n· Strong tobacco result at Logista offset by performance in long-distance transportation\n· Adjusted and reported earnings per share up 6.0% and 0.7% respectively, driven by further share count reduction\n· 12-month free cash flow of £2.4bn reflecting strong cash conversion at 99% on 12-month basis\n· Capital returns underway: £1.25bn share buyback and increased interim dividend\n· On track to deliver full-year results in line with guidance\nOn track to deliver full-year results in line with guidanceFinancial Summary\n\n\n\n\nSix months ended\n31 March 2025\n\n\n\n\n\nReported\n\n\n\n\n\n\n\n\nAdjusted2\n\n\n\n\n\n\n\n2025\n\n\n2024\n\n\nChange\n\n\n\n\n\n2025\n\n\n2024\n\n\nActual\n\n\nConstant currency3\n\n\n\n\nRevenue\n\n\n£m\n\n\n14,604\n\n\n15,064\n\n\n-3.1%\n\n\n\n\n\n-\n\n\n-\n\n\n-\n\n\n-\n\n\n\n\nTobacco & NGP net revenue1\n\n\n£m\n\n\n-\n\n\n-\n\n\n-\n\n\n\n\n\n3,664\n\n\n3,637\n\n\n+0.7%\n\n\n+3.2%\n\n\n\n\nOperating profit\n\n\n£m\n\n\n1,456\n\n\n1,494\n\n\n-2.5%\n\n\n\n\n\n1,652\n\n\n1,669\n\n\n-1.0%\n\n\n+1.8%\n\n\n\n\nEarnings per share\n\n\np\n\n\n96.7\n\n\n96.0\n\n\n+0.7%\n\n\n\n\n\n123.9\n\n\n120.2\n\n\n+3.1%\n\n\n+6.0%\n\n\n\n\nNet debt\n\n\n£m\n\n\n(10,471)\n\n\n(10,585)\n\n\n-\n\n\n\n\n\n(9,956)\n\n\n(10,085)\n\n\n-\n\n\n-\n\n\n\n\nDividend per share4\n\n\np\n\n\n80.16\n\n\n44.90\n\n\n+78.5%\n\n\n\n\n\n80.16\n\n\n44.90\n\n\n+78.5%\n\n\n+78.5%\n\n\n\n\n1. Tobacco & NGP net revenue is reported revenue less duty and similar items, sale of peripheral products and Distribution (Logista) gross profit.\n2. See page 3 for the basis of presentation and the supplementary section at the end of the financial statements for the reconciliation between re...