Diluted HEPS of 167.7pps (1H24: 156.8pps).
Turnover decreased by 2.2% y-y to £12 069m, due to currency headwinds.
OPM increased by 750bps to 42.0%, partly due to the update of the Canadian settlement provision while the prior year was negatively impacted by the non-repeating impairment charges.
Total expenses decreased by 13.4% y-y to £7 000m, while expense-to-sales decreased from 65.5% to 58.0%.
Dividend of 118.9pps (1H24: 116.6pps).
Cash generated from operating activities decreased from £3 165m to £2 309m.
Gross debt down 12.3% to £35 208m, with net cash decreasing to £4 164m.
Smokeless products now account for 18.2% of Group revenue, up 70 bps from FY24.
Management expects a phased roll-out of innovations to drive an accelerated 2H New Category performance.
Increased 2025 share buy-back programme by £200m to £1.1bn.
