Diageo plc (DEO) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.537 -- 00:00:04.642 Good morning and thank you for joining our results presentation for fiscal year 25. 00:00:04.642 -- 00:00:09.708 I would like to start by thanking Deborah Crewe for her contributions to Diageo, 00:00:09.708 -- 00:00:15.656 including managing the challenging aftermath of the global pandemic and the ensuing geopolitical 00:00:15.656 -- 00:00:18.319 and macroeconomic volatility. 00:00:18.319 -- 00:00:22.444 I now speak for everyone at the company in thanking her for her work over the last six 00:00:22.444 -- 00:00:26.963 years and wishing her the very best for the future. 00:00:26.963 -- 00:00:31.028 Now turning to fiscal 25 results. Today I will talk to some of the highlights of our 00:00:31.028 -- 00:00:34.452 fiscal 25 reported performance. 00:00:34.452 -- 00:00:39.378 In addition, having shared our reshape priorities and areas of focus earlier this year, 00:00:39.378 -- 00:00:43.582 I'd like to update you on our progress to date and how we are sharpening our strategy 00:00:43.582 -- 00:00:49.469 to drive accelerated growth in a potentially evolving TBA landscape. 00:00:49.469 -- 00:00:54.255 I will also provide an update on our accelerate program underpinning these priorities, 00:00:54.255 -- 00:00:59.893 which we announced with our Q3 trading statement and which is progressing with speed, 00:00:59.893 -- 00:01:05.698 creating a more agile performance and returns focused organization. 00:01:05.981 -- 00:01:11.068 Our focus on cash continues and we remain confident in delivering on our deleveraging 00:01:11.068 -- 00:01:17.015 commitment, strengthening our balance sheet and increasing financial flexibility. 00:01:17.015 -- 00:01:21.161 I will also briefly talk to why we continue to believe in the attractive long-term fundamentals 0...