Earnings call briefHalf-year 2026
British American Tobacco now expects EPS growth toward middle of 5% to 8%
British American Tobacco also expects full-year net finance cost of around GBP 1.65 billion and an underlying tax rate of 24% to 25%.
GetSignal British American Tobacco p.l.c. BTI
On its half-year 2026 call, British American Tobacco said it now expects full-year EPS growth towards the middle of its 5% to 8% range. Interim CFO Syed Iqbal said that, on the current basis, adjusted EPS growth once FX is taken into account would be in the range of 4% to 4.5%.
Quotes from the call
“Looking ahead to the full year, we now expect net finance cost to be around GBP 1.65 billion with an underlying tax rate between 24% and 25%.”
Key facts from the call
- Full-year net finance cost outlook
- Around GBP 1.65 billion
- Underlying tax rate outlook
- Between 24% and 25%
- Full-year EPS growth outlook
- Towards the middle of the 5% to 8% range
Source: British American Tobacco's half-year 2026 earnings call, July 30, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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