Tadeu Marinho
Chief Executive Officer
Replay available
British American Tobacco Industries, p.l.c. (BTI) Q2 2025 Earnings Call
British American Tobacco Industries, p.l.c. (NYSE: BTI) Q2 2025 earnings conference call, held 2025-07-31. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Soraya Bencik
Chief Financial Officer
Victoria Buxton
Group Head of Investor Relations
Simon Hales
Analyst, Citi
Damian McNeill
Analyst, Deutsche Numis
Ray William
Analyst, Anchor Stockbrokers
Faham Baig
Analyst, UBS
Andre Anden
Analyst, Jefferies
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for British American Tobacco P.l.c..
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:05.299 Good morning, everyone. I'm delighted to welcome you to our 2025 Interim 00:00:05.299 -- 00:00:07.462 Results presentation. 00:00:07.462 -- 00:00:12.530 With me this morning is Soraya Bencik, CFO, and Victoria Buxton, Group 00:00:12.530 -- 00:00:15.314 Head of Investor Relations. 00:00:15.314 -- 00:00:20.382 I will begin with our transformation highlights and the progress we have made against 00:00:20.382 -- 00:00:23.767 our 2025 priorities. 00:00:23.767 -- 00:00:28.195 Soraya will then take you through our financial results in more detail. 00:00:28.195 -- 00:00:33.279 before I return to talk more about our performance outlook and why 00:00:33.279 -- 00:00:39.284 we are confident in the pathway ahead. We will then take your questions. 00:00:39.284 -- 00:00:45.069 With that, I would like to draw your attention to the disclaimers on slides 00:00:45.069 -- 00:00:47.069 two 00:00:47.091 -- 00:00:49.231 and three. 00:00:49.993 -- 00:00:56.038 Let's begin by looking at the positive transformation momentum we are driving, 00:00:56.038 -- 00:00:58.857 starting with some highlights. 00:00:58.857 -- 00:01:04.045 We have delivered group results slightly ahead of expectations, which Soraya 00:01:04.045 -- 00:01:07.230 will talk about in more detail. 00:01:07.230 -- 00:01:12.498 Smokeless now accounts for 18.2% of group revenue, up 70 00:01:12.498 -- 00:01:17.986 base points versus last year. And we added 1.4 million 00:01:17.986 -- 00:01:19.989 smokeless consumers, 00:01:19.989 -- 00:01:25.017 reaching 30.5 million, mainly driven by our continued success in 00:01:25.017 -- 00:01:30.291 modern oil. Our focus on quality growth, balancing top and bottom 00:01:30.291 -- 00:01:35.739 line delivery, has driven a further improvement in new category c...