Diageo plc (DEO) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and thank you for joining our results presentation for fiscal year 25. I would like to start by thanking Deborah Crewe for her contributions to Diageo, including managing the challenging aftermath of the global pandemic and the ensuing geopolitical and macroeconomic volatility. I now speak for everyone at the company in thanking her for her work over the last six years and wishing her the very best for the future. Now turning to fiscal 25 results. Today I will talk to some of the highlights of our fiscal 25 reported performance. In addition, having shared our reshape priorities and areas of focus earlier this year, I'd like to update you on our progress to date and how we are sharpening our strategy to drive accelerated growth in a potentially evolving TBA landscape. I will also provide an update on our accelerate program underpinning these priorities, which we announced with our Q3 trading statement and which is progressing with speed, creating a more agile performance and returns focused organization. Our focus on cash continues and we remain confident in delivering on our deleveraging commitment, strengthening our balance sheet and increasing financial flexibility. I will also briefly talk to why we continue to believe in the attractive long-term fundamentals of the industry and our ability to outperform even in an evolving TBA landscape. I'm joined today by Sonia Gabriel, our head of investor relations, who will walk through some of the fiscal 25 results with me. Also, you will have seen last week that we announced that Deidre Mallon will be joining us as interim CFO. While she is not with us today, she will be on our next results call. We are looking forward to welcoming her in a few weeks time and to her partnering with me and the rest of the exec ...