British American Tobacco p.l.c. (BTI) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	51.5B	25.6B	25.9B	27.3B	27.7B
Cost of Revenue	11.5B	4.2B	4.4B	4.9B	4.8B
Gross Profit	39.9B	21.4B	21.4B	22.4B	22.9B
Operating Expenses
R&D Expense	560.0M	133.0M	380.0M	408.0M	323.0M
SG&A Expense	9.4B	1.1B	4.0B	3.9B	3.8B
General & Admin Expense	3.1B	31.0M	2.8B	2.7B	2.7B
Selling & Marketing Expense	2.2B	1.1B	1.1B	1.2B	1.2B
Other Expenses	16.7B	10.1B	14.2B	33.9B	8.2B
Total Operating Expenses	26.7B	11.4B	18.6B	38.1B	12.3B
Cost and Expenses	38.3B	15.6B	23.1B	43.0B	17.1B
Operating Income (EBIT)	13.2B	10.0B	2.7B	(15.8B)	10.5B
Non-Operating
Interest Income	422.0M	214.0M	—	186.0M	92.0M
Interest Expense	3.1B	1.9B	1.1B	1.9B	1.7B
Net Interest Income	(2.7B)	(1.7B)	(1.1B)	(1.7B)	(1.6B)
Other Non-Op Income/Expense	(1.3B)	(138.0M)	802.0M	(1.3B)	(1.2B)
Non-Operating Income (excl Interest)	(4.1B)	241.0M	(1.9B)	(28.4B)	(979.0M)
EBT (Pre-Tax Income)	11.9B	9.9B	3.5B	(17.1B)	9.3B
Income Tax Expense	2.2B	2.1B	357.0M	(2.9B)	2.5B
Bottom Line
Net Income	9.6B	7.8B	3.1B	(14.4B)	6.7B
Earnings from Cont. Ops	9.6B	7.8B	3.2B	(14.2B)	6.8B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	9.4B	7.7B	3.0B	(14.4B)	6.6B
Per Share
Basic EPS	$4.30	$3.51	$1.37	($6.49)	$2.93
Diluted EPS	$4.29	$3.49	$1.36	($6.47)	$2.92
Revenue Per Share	$23.77	$11.71	$11.68	$12.28	$12.27
Shares
Basic Shares Outstanding	2.2B	2.2B	2.2B	2.2B	2.3B
Diluted Shares Outstanding	2.2B	2.2B	2.2B	2.2B	2.3B
Profitability Metrics
EBITDA	20.5B	11.8B	7.7B	13.3B	12.2B
D&A	4.9B	2.0B	3.1B	634.0M	724.0M
EBIT	15.6B	9.8B	4.6B	12.6B	11.5B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026