John Cross
Head of Investor Relations
Replay available
Imperial Brands PLC (LSE: IMB) Q4 2025 earnings conference call, held 2025-11-18. Replay captured from the company's public earnings webcast.

Head of Investor Relations
Chief Financial Officer
Analyst, UBS
Analyst, Deutsche Bank
Analyst, Barclays
Good morning and welcome everyone in the room and joining online or on the phones. Thanks for joining us for our FY25 results. Just a few housekeeping things before we kick off. There are no planned fire alarm tests today, so if the alarm does go off for those in the room, it's a real one. And you can see the fire exits just behind you marked in green. And then finally, just wanted to draw your attention to the usual disclaimer in the presentation we've got for you this morning. So without further ado, I would like to hand over to Lucas. Thank you very much, John. And good morning and a very warm welcome to all of you here in the room and a very warm welcome to you all who join us online. Today marks another exciting day on the journey of Imperial Brands. I'm very pleased to share with you another year of strong performance and I'm very excited about this being my first time in the role of CEO of the group. A true honor and a true privilege, which I don't take lightly. I'm joined today by Murray McGowan, our newly appointed Chief Financial Officer, and John Cross, our Head of Investors Relations. I'll start off by giving you the highlights of this year 25. Mary will then join us and share more about the financial performance and the outlook for 26. I will then come back, talk a bit more about our operational delivery, our transformation, and also to reconfirm our strategic ambition that we set out in March this year. At the end of that, we look very much forward to all your questions. And with that, let me get down to business and let's start the presentation. What I really would like to do today is highlight three things. First, the quality of our performance during this past fiscal year and how this builds on our growing track record of consistent growth. Second, h...