Diageo : Q3 Fiscal 2026 Aide Memoire

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Link to News and media page from breadcrumb Link to Press releases page from breadcrumb Q3 Fiscal 2026 Aide Memoire 14 Apr 2026 | Global Investors Download PDF Share Press release Q3 Fiscal 2026 Aide Memoire Diageo Aide Memoire Q3 Fiscal 2026 This document sets out public information previously provided by Diageo plc, or else widely available in the market. Unless otherwise specified, the outlook comments below come from the H1 fiscal 26 press release, presentation and call script and Q3 fiscal 25 results materials, with other content sourced from publicly available information. No new information is given, and there will be no comment on current trading or further guidance provided. Any updates to these and other previously made statements would only be included in further communications by Diageo to the market and the inclusion of the extracted statements herein should not be taken to indicate that they will not be updated in the future. Fiscal 26 outlook With the Fiscal 26 H1 press release, we provided the following guidance for fiscal 26: Organic net sales growth - expect to be down 2-3% given further weakness in the US and the impact of Chinese white spirits (CWS). Organic operating profit growth - expect to be flat to up low-single-digit, reflecting revised net sales guidance due to the US and CWS, tariff impact 1 and savings from the Accelerate programme. Taxation - expect tax rate before exceptional items to be c.25% (fiscal 25: 24.9%). Effective interest rate - expect effective interest rate to be c.4.0% (fiscal 25: 4.1%). Capital expenditure - expect to be at the lower end of the range of $1.2-1.3 billion (fiscal 25: $1.5 billion). Free cash flow - expect $3 billion (fiscal 25: $2.7 billion) before c.$100 million one-off working capital impact expected at the end of fiscal 26 from inventory build ahead of the SAP S/4 HANA ERP system implementation in early fiscal 27. 1 Based on assumptions as at H1 fiscal 26 results. Read full Aide Memoire Q3 Fiscal 2026. Our latest press releases / 14 Apr 2026 Global Investors Q3 Fiscal 2026 Aide Memoire 25 Mar 2026 Global Acquisitions and Disposals Diageo subsidiary United Spirits Limited announces full divesture of its stake in Royal Challengers Sports Pvt Ltd 11 Mar 2026 Global Innovation Our Brands Scotch Whisky Johnnie Walker Red Soul - a sweeter, smoother Scotch crafted for a new generation of whisky drinkers 25 Feb 2026 Investors Financial Results Diageo 2026 Interim Results: Six Months Ended 31 December 2025 30 Jan 2026 Global Investors Diageo completes sale of Sheridan's to Casa Redondo 21 Jan 2026 Global Investors Diageo Aide Memoire H1 Fiscal 2026 18 Dec 2025 Europe Guinness The King officially opens the Guinness Open Gate Brewery London in Covent Garden 17 Dec 2025 Africa Acquisitions and Disposals Diageo enters into agreement to sell its shareholding in East African Breweries plc ("EABL") to Asahi Group Holdings, Ltd ("Asahi") 08 Dec 2025 Global Guinness Diageo opens historic Guinness experience in heart of London 03 Dec 2025 North America Positive Drinking Diageo, MADD, the NFL and Uber Enter Year Two of 'Take a Minute. Make a Plan. Never Drive Impaired' 02 Dec 2025 Global Positive Drinking Diageo unveils third year of festive campaign 'The Magic of Moderate Drinking' encouraging hosts to celebrate with style and balance 20 Nov 2025 Investors Diageo announces Sterling equivalent of Final Dividend at 47.91 pence per ordinary share view all press releases

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