Diluted HEPS of 102.3pps (FY23: 366.5pps).
Revenue decreased by 5.2% y-y to £25 867m.
OPM increased from -57.7% to 10.6%.
Total expenses decreased to £23 471m, while expense-to-sales decreased from 159.3% to 90.7%.
Dividend of 240.2pps (FY23: 235.5pps).
Cash generated from operating activities decreased from £10 714 to £10 125m.
Gross debt down 7% y-y to £49 995m, with net cash increasing to £5 104m.
The growth of illicit single-use Vapour products continues to negatively impact the legal market with industry volumes in rechargeable closed systems down c. 9% y-y in the U.S.
In the U.S., adjusted profit from operations was down 3.5% y-y to £6 580 million, largely due to the impact of lower combustibles volume and commercial initiatives.
Reported profit from operations of £2 736m including a provision of £6.2 billion in respect of the proposed settlement in Canada.
