English

British American Tobacco p.l.c.

EDGAR

BTAFF Report (type unavailable) · filed 2026-10-09

Annual consolidated revenue for 2025: about GBP 25.61B, using the latest reported figures. The previous period, 2024, was about GBP 25.87B.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments

Watchlist

Latest fiscal year

Revenue

25.6 billion GBP

2025 · GBP

Exact inputs and evidence

Revenue: 25610000000 GBP Source

Operating margin

39.04%

2025 · %

Exact inputs and evidence

Operating Income: 9997000000 GBP Source
Revenue: 25610000000 GBP Source

Operating cash flow

6.34 billion GBP

2025 · GBP

Exact inputs and evidence

Operating Cash Flow: 6342000000 GBP Source

Free cash flow

5.79 billion GBP

2025 · GBP

Exact inputs and evidence

Operating Cash Flow: 6342000000 GBP Source
Capital Expenditure: 551000000 GBP Source

Cash and cash equivalents: 3.83 billion GBP 2025-12-31 Source
Exact value

3827000000 GBP
Long-term debt including current maturities: Not available
Shares outstanding: Not available

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-09.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 11 of 11 periods available· newest 2025-12-31
Operating income: 11 of 11 periods available· newest 2025-12-31
Net income: 11 of 11 periods available· newest 2025-12-31
Operating cash flow: 11 of 11 periods available· newest 2025-12-31
Capital expenditure: 11 of 11 periods available· newest 2025-12-31
Total assets: 10 of 11 periods available· newest 2025-12-31
liabilities: No compatible figures in this window
Current assets: 10 of 11 periods available· newest 2025-12-31
Current liabilities: 10 of 11 periods available· newest 2025-12-31
Cash and cash equivalents: 10 of 11 periods available· newest 2025-12-31
long term debt: No compatible figures in this window
shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
-1%

Prior period

GBP 25.87 billion

2024-01-01 – 2024-12-31
Current period

GBP 25.61 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

25610000000 − 25867000000 = -257000000 GBP

25867000000 GBP · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
25610000000 GBP · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · British American Tobacco p.l.c. · 2025-12-31 British American Tobacco p.l.c. (edgar:1303523) Year-over-year change in Revenue: -257000000 GBP Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 25610000000 GBP (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352326000017/bti-20251231.htm#9156261 Filing: 000130352326000017 Input fundies:Revenue: 25867000000 GBP (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352326000017/bti-20251231.htm#9157155 Filing: 000130352326000017
The citation records this snapshot. The page link may show a newer release later.
Net income
+153.1%

Prior period

GBP 3.07 billion

2024-01-01 – 2024-12-31
Current period

GBP 7.76 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

7764000000 − 3068000000 = 4696000000 GBP

3068000000 GBP · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
7764000000 GBP · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · British American Tobacco p.l.c. · 2025-12-31 British American Tobacco p.l.c. (edgar:1303523) Year-over-year change in Net income: 4696000000 GBP Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: 7764000000 GBP (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352326000017/bti-20251231.htm#10296930 Filing: 000130352326000017 Input fundies:NetIncome: 3068000000 GBP (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352326000017/bti-20251231.htm#10297835 Filing: 000130352326000017
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
-37.4%

Prior period

GBP 10.13 billion

2024-01-01 – 2024-12-31
Current period

GBP 6.34 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

6342000000 − 10125000000 = -3783000000 GBP

10125000000 GBP · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
6342000000 GBP · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · British American Tobacco p.l.c. · 2025-12-31 British American Tobacco p.l.c. (edgar:1303523) Year-over-year change in Operating cash flow: -3783000000 GBP Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: 6342000000 GBP (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352326000017/bti-20251231.htm#8418098 Filing: 000130352326000017 Input fundies:OperatingCashFlow: 10125000000 GBP (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352326000017/bti-20251231.htm#8419031 Filing: 000130352326000017
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
+13.4%

Prior period

GBP 486 million

2024-01-01 – 2024-12-31
Current period

GBP 551 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

551000000 − 486000000 = 65000000 GBP

486000000 GBP · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
551000000 GBP · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · British American Tobacco p.l.c. · 2025-12-31 British American Tobacco p.l.c. (edgar:1303523) Year-over-year change in Capital expenditure: 65000000 GBP Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 551000000 GBP (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352326000017/bti-20251231.htm#8428816 Filing: 000130352326000017 Input fundies:CapitalExpenditure: 486000000 GBP (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352326000017/bti-20251231.htm#8429680 Filing: 000130352326000017
The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue GBP 25.61 billion 100% of revenue
Operating costs Derived GBP 15.61 billion 61% of revenue
Operating income GBP 10 billion 39% of revenue
Tax, interest and other Derived GBP 2.23 billion 8.7% of revenue
Net income GBP 7.76 billion 30% of revenue

Cash

Operating cash flow GBP 6.34 billion 25% of revenue
Capital expenditure GBP 551 million 2.2% of revenue
Free cash flow Derived GBP 5.79 billion 23% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2016 33%67%
2017 Net income was higher than operating income, so the split is not drawn.
2018 25%13%62%
2019 22%13%65%
2020 25%14%61%
2021 26%13%60%
2022 24%14%62%
2023 Operating loss: operating costs were 158% of revenue.
2024 Net income was higher than operating income, so the split is not drawn.
2025 30%61%

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2016 2016-01-01 – 2016-12-31	14130000000	9475000000 Derived	4655000000	7000000 Derived	4648000000	4024000000 Derived	Source 2016-01-01 – 2016-12-31: 14130000000 GBP Inspect Revenue Open source 2016-01-01 – 2016-12-31: 4655000000 GBP Inspect Operating Income Open source 2016-01-01 – 2016-12-31: 4648000000 GBP Inspect Net Income Open source 2016-01-01 – 2016-12-31: 4610000000 GBP Inspect Operating Cash Flow Open source 2016-01-01 – 2016-12-31: 586000000 GBP Inspect Capital Expenditure Open source
2017 2017-01-01 – 2017-12-31	19564000000	13152000000 Derived	6412000000	-31073000000 Derived	37485000000	4556000000 Derived	Source 2017-01-01 – 2017-12-31: 19564000000 GBP Inspect Revenue Open source 2017-01-01 – 2017-12-31: 6412000000 GBP Inspect Operating Income Open source 2017-01-01 – 2017-12-31: 37485000000 GBP Inspect Net Income Open source 2017-01-01 – 2017-12-31: 5347000000 GBP Inspect Operating Cash Flow Open source 2017-01-01 – 2017-12-31: 791000000 GBP Inspect Capital Expenditure Open source
2018 2018-01-01 – 2018-12-31	24492000000	15179000000 Derived	9313000000	3281000000 Derived	6032000000	9537000000 Derived	Source 2018-01-01 – 2018-12-31: 24492000000 GBP Inspect Revenue Open source 2018-01-01 – 2018-12-31: 9313000000 GBP Inspect Operating Income Open source 2018-01-01 – 2018-12-31: 6032000000 GBP Inspect Net Income Open source 2018-01-01 – 2018-12-31: 10295000000 GBP Inspect Operating Cash Flow Open source 2018-01-01 – 2018-12-31: 758000000 GBP Inspect Capital Expenditure Open source
2019 2019-01-01 – 2019-12-31	25877000000	16861000000 Derived	9016000000	3312000000 Derived	5704000000	8332000000 Derived	Source 2019-01-01 – 2019-12-31: 25877000000 GBP Inspect Revenue Open source 2019-01-01 – 2019-12-31: 9016000000 GBP Inspect Operating Income Open source 2019-01-01 – 2019-12-31: 5704000000 GBP Inspect Net Income Open source 2019-01-01 – 2019-12-31: 8996000000 GBP Inspect Operating Cash Flow Open source 2019-01-01 – 2019-12-31: 664000000 GBP Inspect Capital Expenditure Open source
2020 2020-01-01 – 2020-12-31	25776000000	15814000000 Derived	9962000000	3562000000 Derived	6400000000	9275000000 Derived	Source 2020-01-01 – 2020-12-31: 25776000000 GBP Inspect Revenue Open source 2020-01-01 – 2020-12-31: 9962000000 GBP Inspect Operating Income Open source 2020-01-01 – 2020-12-31: 6400000000 GBP Inspect Net Income Open source 2020-01-01 – 2020-12-31: 9786000000 GBP Inspect Operating Cash Flow Open source 2020-01-01 – 2020-12-31: 511000000 GBP Inspect Capital Expenditure Open source
2021 2021-01-01 – 2021-12-31	25684000000	15450000000 Derived	10234000000	3433000000 Derived	6801000000	9190000000 Derived	Source 2021-01-01 – 2021-12-31: 25684000000 GBP Inspect Revenue Open source 2021-01-01 – 2021-12-31: 10234000000 GBP Inspect Operating Income Open source 2021-01-01 – 2021-12-31: 6801000000 GBP Inspect Net Income Open source 2021-01-01 – 2021-12-31: 9717000000 GBP Inspect Operating Cash Flow Open source 2021-01-01 – 2021-12-31: 527000000 GBP Inspect Capital Expenditure Open source
2022 2022-01-01 – 2022-12-31	27655000000	17132000000 Derived	10523000000	3857000000 Derived	6666000000	9871000000 Derived	Source 2022-01-01 – 2022-12-31: 27655000000 GBP Inspect Revenue Open source 2022-01-01 – 2022-12-31: 10523000000 GBP Inspect Operating Income Open source 2022-01-01 – 2022-12-31: 6666000000 GBP Inspect Net Income Open source 2022-01-01 – 2022-12-31: 10394000000 GBP Inspect Operating Cash Flow Open source 2022-01-01 – 2022-12-31: 523000000 GBP Inspect Capital Expenditure Open source
2023 2023-01-01 – 2023-12-31	27283000000	43034000000 Derived	-15751000000	-1384000000 Derived	-14367000000	10254000000 Derived	Source 2023-01-01 – 2023-12-31: 27283000000 GBP Inspect Revenue Open source 2023-01-01 – 2023-12-31: -15751000000 GBP Inspect Operating Income Open source 2023-01-01 – 2023-12-31: -14367000000 GBP Inspect Net Income Open source 2023-01-01 – 2023-12-31: 10714000000 GBP Inspect Operating Cash Flow Open source 2023-01-01 – 2023-12-31: 460000000 GBP Inspect Capital Expenditure Open source
2024 2024-01-01 – 2024-12-31	25867000000	23131000000 Derived	2736000000	-332000000 Derived	3068000000	9639000000 Derived	Source 2024-01-01 – 2024-12-31: 25867000000 GBP Inspect Revenue Open source 2024-01-01 – 2024-12-31: 2736000000 GBP Inspect Operating Income Open source 2024-01-01 – 2024-12-31: 3068000000 GBP Inspect Net Income Open source 2024-01-01 – 2024-12-31: 10125000000 GBP Inspect Operating Cash Flow Open source 2024-01-01 – 2024-12-31: 486000000 GBP Inspect Capital Expenditure Open source
2025 2025-01-01 – 2025-12-31	25610000000	15613000000 Derived	9997000000	2233000000 Derived	7764000000	5791000000 Derived	Source 2025-01-01 – 2025-12-31: 25610000000 GBP Inspect Revenue Open source 2025-01-01 – 2025-12-31: 9997000000 GBP Inspect Operating Income Open source 2025-01-01 – 2025-12-31: 7764000000 GBP Inspect Net Income Open source 2025-01-01 – 2025-12-31: 6342000000 GBP Inspect Operating Cash Flow Open source 2025-01-01 – 2025-12-31: 551000000 GBP Inspect Capital Expenditure Open source

Amounts are exact, in GBP.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

GBP 25.6B 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(GBP)	Source evidence
20162016-12-31	Revenue	14130000000	Revenue: 14130000000 Open source
20172017-12-31	Revenue	19564000000	Revenue: 19564000000 Open source
20182018-12-31	Revenue	24492000000	Revenue: 24492000000 Open source
20192019-12-31	Revenue	25877000000	Revenue: 25877000000 Open source
20202020-12-31	Revenue	25776000000	Revenue: 25776000000 Open source
20212021-12-31	Revenue	25684000000	Revenue: 25684000000 Open source
20222022-12-31	Revenue	27655000000	Revenue: 27655000000 Open source
20232023-12-31	Revenue	27283000000	Revenue: 27283000000 Open source
20242024-12-31	Revenue	25867000000	Revenue: 25867000000 Open source
20252025-12-31	Revenue	25610000000	Revenue: 25610000000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

-1% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Year over year	12.7%	Revenue: 14130000000 Open source Revenue: 12536000000 Open source
20172017-12-31	Year over year	38.5%	Revenue: 19564000000 Open source Revenue: 14130000000 Open source
20182018-12-31	Year over year	25.2%	Revenue: 24492000000 Open source Revenue: 19564000000 Open source
20192019-12-31	Year over year	5.7%	Revenue: 25877000000 Open source Revenue: 24492000000 Open source
20202020-12-31	Year over year	-0.4%	Revenue: 25776000000 Open source Revenue: 25877000000 Open source
20212021-12-31	Year over year	-0.4%	Revenue: 25684000000 Open source Revenue: 25776000000 Open source
20222022-12-31	Year over year	7.7%	Revenue: 27655000000 Open source Revenue: 25684000000 Open source
20232023-12-31	Year over year	-1.3%	Revenue: 27283000000 Open source Revenue: 27655000000 Open source
20242024-12-31	Year over year	-5.2%	Revenue: 25867000000 Open source Revenue: 27283000000 Open source
20252025-12-31	Year over year	-1%	Revenue: 25610000000 Open source Revenue: 25867000000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 39% 2025

Net margin 30.3% 2025

Free cash flow margin 22.6% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Operating margin	32.9%	Operating Income: 4655000000 Open source Revenue: 14130000000 Open source
20172017-12-31	Operating margin	32.8%	Operating Income: 6412000000 Open source Revenue: 19564000000 Open source
20182018-12-31	Operating margin	38%	Operating Income: 9313000000 Open source Revenue: 24492000000 Open source
20192019-12-31	Operating margin	34.8%	Operating Income: 9016000000 Open source Revenue: 25877000000 Open source
20202020-12-31	Operating margin	38.6%	Operating Income: 9962000000 Open source Revenue: 25776000000 Open source
20212021-12-31	Operating margin	39.8%	Operating Income: 10234000000 Open source Revenue: 25684000000 Open source
20222022-12-31	Operating margin	38.1%	Operating Income: 10523000000 Open source Revenue: 27655000000 Open source
20232023-12-31	Operating margin	-57.7%	Operating Income: -15751000000 Open source Revenue: 27283000000 Open source
20242024-12-31	Operating margin	10.6%	Operating Income: 2736000000 Open source Revenue: 25867000000 Open source
20252025-12-31	Operating margin	39%	Operating Income: 9997000000 Open source Revenue: 25610000000 Open source
20162016-12-31	Net margin	32.9%	Net Income: 4648000000 Open source Revenue: 14130000000 Open source
20172017-12-31	Net margin	191.6%	Net Income: 37485000000 Open source Revenue: 19564000000 Open source
20182018-12-31	Net margin	24.6%	Net Income: 6032000000 Open source Revenue: 24492000000 Open source
20192019-12-31	Net margin	22%	Net Income: 5704000000 Open source Revenue: 25877000000 Open source
20202020-12-31	Net margin	24.8%	Net Income: 6400000000 Open source Revenue: 25776000000 Open source
20212021-12-31	Net margin	26.5%	Net Income: 6801000000 Open source Revenue: 25684000000 Open source
20222022-12-31	Net margin	24.1%	Net Income: 6666000000 Open source Revenue: 27655000000 Open source
20232023-12-31	Net margin	-52.7%	Net Income: -14367000000 Open source Revenue: 27283000000 Open source
20242024-12-31	Net margin	11.9%	Net Income: 3068000000 Open source Revenue: 25867000000 Open source
20252025-12-31	Net margin	30.3%	Net Income: 7764000000 Open source Revenue: 25610000000 Open source
20162016-12-31	Free cash flow margin	28.5%	Revenue: 14130000000 Open source Operating Cash Flow: 4610000000 Open source Capital Expenditure: 586000000 Open source
20172017-12-31	Free cash flow margin	23.3%	Revenue: 19564000000 Open source Operating Cash Flow: 5347000000 Open source Capital Expenditure: 791000000 Open source
20182018-12-31	Free cash flow margin	38.9%	Revenue: 24492000000 Open source Operating Cash Flow: 10295000000 Open source Capital Expenditure: 758000000 Open source
20192019-12-31	Free cash flow margin	32.2%	Revenue: 25877000000 Open source Operating Cash Flow: 8996000000 Open source Capital Expenditure: 664000000 Open source
20202020-12-31	Free cash flow margin	36%	Revenue: 25776000000 Open source Operating Cash Flow: 9786000000 Open source Capital Expenditure: 511000000 Open source
20212021-12-31	Free cash flow margin	35.8%	Revenue: 25684000000 Open source Operating Cash Flow: 9717000000 Open source Capital Expenditure: 527000000 Open source
20222022-12-31	Free cash flow margin	35.7%	Revenue: 27655000000 Open source Operating Cash Flow: 10394000000 Open source Capital Expenditure: 523000000 Open source
20232023-12-31	Free cash flow margin	37.6%	Revenue: 27283000000 Open source Operating Cash Flow: 10714000000 Open source Capital Expenditure: 460000000 Open source
20242024-12-31	Free cash flow margin	37.3%	Revenue: 25867000000 Open source Operating Cash Flow: 10125000000 Open source Capital Expenditure: 486000000 Open source
20252025-12-31	Free cash flow margin	22.6%	Revenue: 25610000000 Open source Operating Cash Flow: 6342000000 Open source Capital Expenditure: 551000000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

GBP 6.3B 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(GBP)	Source evidence
20162016-12-31	Operating cash flow	4610000000	Operating Cash Flow: 4610000000 Open source
20172017-12-31	Operating cash flow	5347000000	Operating Cash Flow: 5347000000 Open source
20182018-12-31	Operating cash flow	10295000000	Operating Cash Flow: 10295000000 Open source
20192019-12-31	Operating cash flow	8996000000	Operating Cash Flow: 8996000000 Open source
20202020-12-31	Operating cash flow	9786000000	Operating Cash Flow: 9786000000 Open source
20212021-12-31	Operating cash flow	9717000000	Operating Cash Flow: 9717000000 Open source
20222022-12-31	Operating cash flow	10394000000	Operating Cash Flow: 10394000000 Open source
20232023-12-31	Operating cash flow	10714000000	Operating Cash Flow: 10714000000 Open source
20242024-12-31	Operating cash flow	10125000000	Operating Cash Flow: 10125000000 Open source
20252025-12-31	Operating cash flow	6342000000	Operating Cash Flow: 6342000000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

GBP 5.8B 2025

Values and sources

Free cash flow values and source evidence
Period	Series	Value(GBP)	Source evidence
20162016-12-31	Free cash flow	4024000000	Operating Cash Flow: 4610000000 Open source Capital Expenditure: 586000000 Open source
20172017-12-31	Free cash flow	4556000000	Operating Cash Flow: 5347000000 Open source Capital Expenditure: 791000000 Open source
20182018-12-31	Free cash flow	9537000000	Operating Cash Flow: 10295000000 Open source Capital Expenditure: 758000000 Open source
20192019-12-31	Free cash flow	8332000000	Operating Cash Flow: 8996000000 Open source Capital Expenditure: 664000000 Open source
20202020-12-31	Free cash flow	9275000000	Operating Cash Flow: 9786000000 Open source Capital Expenditure: 511000000 Open source
20212021-12-31	Free cash flow	9190000000	Operating Cash Flow: 9717000000 Open source Capital Expenditure: 527000000 Open source
20222022-12-31	Free cash flow	9871000000	Operating Cash Flow: 10394000000 Open source Capital Expenditure: 523000000 Open source
20232023-12-31	Free cash flow	10254000000	Operating Cash Flow: 10714000000 Open source Capital Expenditure: 460000000 Open source
20242024-12-31	Free cash flow	9639000000	Operating Cash Flow: 10125000000 Open source Capital Expenditure: 486000000 Open source
20252025-12-31	Free cash flow	5791000000	Operating Cash Flow: 6342000000 Open source Capital Expenditure: 551000000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
2016-12-31	Liabilities / assets	Not reported	Total Assets: 39773000000 Open source
2017-12-31	Liabilities / assets	Not reported	Total Assets: 141054000000 Open source
2018-12-31	Liabilities / assets	Not reported	Total Assets: 146342000000 Open source
2019-12-31	Liabilities / assets	Not reported	Total Assets: 141005000000 Open source
2020-12-31	Liabilities / assets	Not reported	Total Assets: 137690000000 Open source
2021-12-31	Liabilities / assets	Not reported	Total Assets: 137365000000 Open source
2022-12-31	Liabilities / assets	Not reported	Total Assets: 153546000000 Open source
2023-12-31	Liabilities / assets	Not reported	Total Assets: 118716000000 Open source
2024-12-31	Liabilities / assets	Not reported	Total Assets: 118899000000 Open source
2025-12-31	Liabilities / assets	Not reported	Total Assets: 109290000000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

0.87× 2025

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Current assets / current liabilities	1.04×	Current Assets: 12359000000 Open source Current Liabilities: 11856000000 Open source
20172017-12-31	Current assets / current liabilities	0.89×	Current Assets: 13966000000 Open source Current Liabilities: 15605000000 Open source
20182018-12-31	Current assets / current liabilities	0.78×	Current Assets: 12655000000 Open source Current Liabilities: 16329000000 Open source
20192019-12-31	Current assets / current liabilities	0.71×	Current Assets: 13274000000 Open source Current Liabilities: 18823000000 Open source
20202020-12-31	Current assets / current liabilities	0.88×	Current Assets: 13612000000 Open source Current Liabilities: 15478000000 Open source
20212021-12-31	Current assets / current liabilities	0.85×	Current Assets: 12807000000 Open source Current Liabilities: 15144000000 Open source
20222022-12-31	Current assets / current liabilities	0.86×	Current Assets: 15409000000 Open source Current Liabilities: 17853000000 Open source
20232023-12-31	Current assets / current liabilities	0.91×	Current Assets: 14186000000 Open source Current Liabilities: 15673000000 Open source
20242024-12-31	Current assets / current liabilities	0.76×	Current Assets: 14294000000 Open source Current Liabilities: 18743000000 Open source
20252025-12-31	Current assets / current liabilities	0.87×	Current Assets: 12684000000 Open source Current Liabilities: 14524000000 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2016 2016-01-01 – 2016-12-31	GBP 4.65 billion Exact value Exact value: 4648000000 GBP 2016-01-01 – 2016-12-31: 4648000000 GBP Inspect Net Income Open source Share or cite Citation for Net Income · British American Tobacco p.l.c. · 2016-12-31 British American Tobacco p.l.c. (edgar:1303523) Net Income: 4648000000 GBP Concept: fundies:NetIncome Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3ANetIncome&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=GBP&dimensions= Input fundies:NetIncome: 4648000000 GBP (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000119312519075779/bti-20181231.xml#1137779 Filing: 000119312519075779 The citation records this snapshot. The page link may show a newer release later.	GBP 4.61 billion Exact value Exact value: 4610000000 GBP 2016-01-01 – 2016-12-31: 4610000000 GBP Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · British American Tobacco p.l.c. · 2016-12-31 British American Tobacco p.l.c. (edgar:1303523) Operating Cash Flow: 4610000000 GBP Concept: fundies:OperatingCashFlow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3AOperatingCashFlow&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=GBP&dimensions= Input fundies:OperatingCashFlow: 4610000000 GBP (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000119312519075779/bti-20181231.xml#1226413 Filing: 000119312519075779 The citation records this snapshot. The page link may show a newer release later.	GBP 586 million Exact value Exact value: 586000000 GBP 2016-01-01 – 2016-12-31: 586000000 GBP Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · British American Tobacco p.l.c. · 2016-12-31 British American Tobacco p.l.c. (edgar:1303523) Capital Expenditure: 586000000 GBP Concept: fundies:CapitalExpenditure Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3ACapitalExpenditure&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=GBP&dimensions= Input fundies:CapitalExpenditure: 586000000 GBP (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000119312519075779/bti-20181231.xml#1228019 Filing: 000119312519075779 The citation records this snapshot. The page link may show a newer release later.	GBP 4.02 billion Calculation and evidence 4610000000 − 586000000 GBP Exact free cash flow: 4024000000 GBP 2016-01-01 – 2016-12-31: 4610000000 GBP · Inspect Operating Cash Flow · Source 2016-01-01 – 2016-12-31: 586000000 GBP · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · British American Tobacco p.l.c. · 2016-12-31 British American Tobacco p.l.c. (edgar:1303523) Free cash flow: 4024000000 GBP Concept: free-cash-flow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 4610000000 GBP (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000119312519075779/bti-20181231.xml#1226413 Filing: 000119312519075779 Input fundies:CapitalExpenditure: 586000000 GBP (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000119312519075779/bti-20181231.xml#1228019 Filing: 000119312519075779 The citation records this snapshot. The page link may show a newer release later.
2017 2017-01-01 – 2017-12-31	GBP 37.49 billion Exact value Exact value: 37485000000 GBP 2017-01-01 – 2017-12-31: 37485000000 GBP Inspect Net Income Open source Share or cite Citation for Net Income · British American Tobacco p.l.c. · 2017-12-31 British American Tobacco p.l.c. (edgar:1303523) Net Income: 37485000000 GBP Concept: fundies:NetIncome Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3ANetIncome&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=GBP&dimensions= Input fundies:NetIncome: 37485000000 GBP (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000119312520086441/bti-20191231.xml#1372719 Filing: 000119312520086441 The citation records this snapshot. The page link may show a newer release later.	GBP 5.35 billion Exact value Exact value: 5347000000 GBP 2017-01-01 – 2017-12-31: 5347000000 GBP Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · British American Tobacco p.l.c. · 2017-12-31 British American Tobacco p.l.c. (edgar:1303523) Operating Cash Flow: 5347000000 GBP Concept: fundies:OperatingCashFlow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3AOperatingCashFlow&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=GBP&dimensions= Input fundies:OperatingCashFlow: 5347000000 GBP (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000119312520086441/bti-20191231.xml#1447287 Filing: 000119312520086441 The citation records this snapshot. The page link may show a newer release later.	GBP 791 million Exact value Exact value: 791000000 GBP 2017-01-01 – 2017-12-31: 791000000 GBP Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · British American Tobacco p.l.c. · 2017-12-31 British American Tobacco p.l.c. (edgar:1303523) Capital Expenditure: 791000000 GBP Concept: fundies:CapitalExpenditure Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3ACapitalExpenditure&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=GBP&dimensions= Input fundies:CapitalExpenditure: 791000000 GBP (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000119312520086441/bti-20191231.xml#1448699 Filing: 000119312520086441 The citation records this snapshot. The page link may show a newer release later.	GBP 4.56 billion Calculation and evidence 5347000000 − 791000000 GBP Exact free cash flow: 4556000000 GBP 2017-01-01 – 2017-12-31: 5347000000 GBP · Inspect Operating Cash Flow · Source 2017-01-01 – 2017-12-31: 791000000 GBP · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · British American Tobacco p.l.c. · 2017-12-31 British American Tobacco p.l.c. (edgar:1303523) Free cash flow: 4556000000 GBP Concept: free-cash-flow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 5347000000 GBP (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000119312520086441/bti-20191231.xml#1447287 Filing: 000119312520086441 Input fundies:CapitalExpenditure: 791000000 GBP (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000119312520086441/bti-20191231.xml#1448699 Filing: 000119312520086441 The citation records this snapshot. The page link may show a newer release later.
2018 2018-01-01 – 2018-12-31	GBP 6.03 billion Exact value Exact value: 6032000000 GBP 2018-01-01 – 2018-12-31: 6032000000 GBP Inspect Net Income Open source Share or cite Citation for Net Income · British American Tobacco p.l.c. · 2018-12-31 British American Tobacco p.l.c. (edgar:1303523) Net Income: 6032000000 GBP Concept: fundies:NetIncome Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3ANetIncome&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=GBP&dimensions= Input fundies:NetIncome: 6032000000 GBP (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000119312521073992/bti-20201231.xml#1367611 Filing: 000119312521073992 The citation records this snapshot. The page link may show a newer release later.	GBP 10.3 billion Exact value Exact value: 10295000000 GBP 2018-01-01 – 2018-12-31: 10295000000 GBP Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · British American Tobacco p.l.c. · 2018-12-31 British American Tobacco p.l.c. (edgar:1303523) Operating Cash Flow: 10295000000 GBP Concept: fundies:OperatingCashFlow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3AOperatingCashFlow&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=GBP&dimensions= Input fundies:OperatingCashFlow: 10295000000 GBP (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000119312521073992/bti-20201231.xml#1446083 Filing: 000119312521073992 The citation records this snapshot. The page link may show a newer release later.	GBP 758 million Exact value Exact value: 758000000 GBP 2018-01-01 – 2018-12-31: 758000000 GBP Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · British American Tobacco p.l.c. · 2018-12-31 British American Tobacco p.l.c. (edgar:1303523) Capital Expenditure: 758000000 GBP Concept: fundies:CapitalExpenditure Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3ACapitalExpenditure&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=GBP&dimensions= Input fundies:CapitalExpenditure: 758000000 GBP (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000119312521073992/bti-20201231.xml#1447496 Filing: 000119312521073992 The citation records this snapshot. The page link may show a newer release later.	GBP 9.54 billion Calculation and evidence 10295000000 − 758000000 GBP Exact free cash flow: 9537000000 GBP 2018-01-01 – 2018-12-31: 10295000000 GBP · Inspect Operating Cash Flow · Source 2018-01-01 – 2018-12-31: 758000000 GBP · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · British American Tobacco p.l.c. · 2018-12-31 British American Tobacco p.l.c. (edgar:1303523) Free cash flow: 9537000000 GBP Concept: free-cash-flow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 10295000000 GBP (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000119312521073992/bti-20201231.xml#1446083 Filing: 000119312521073992 Input fundies:CapitalExpenditure: 758000000 GBP (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000119312521073992/bti-20201231.xml#1447496 Filing: 000119312521073992 The citation records this snapshot. The page link may show a newer release later.
2019 2019-01-01 – 2019-12-31	GBP 5.7 billion Exact value Exact value: 5704000000 GBP 2019-01-01 – 2019-12-31: 5704000000 GBP Inspect Net Income Open source Share or cite Citation for Net Income · British American Tobacco p.l.c. · 2019-12-31 British American Tobacco p.l.c. (edgar:1303523) Net Income: 5704000000 GBP Concept: fundies:NetIncome Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3ANetIncome&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=GBP&dimensions= Input fundies:NetIncome: 5704000000 GBP (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000119312522068869/d208089d20f.htm#9274565 Filing: 000119312522068869 The citation records this snapshot. The page link may show a newer release later.	GBP 9 billion Exact value Exact value: 8996000000 GBP 2019-01-01 – 2019-12-31: 8996000000 GBP Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · British American Tobacco p.l.c. · 2019-12-31 British American Tobacco p.l.c. (edgar:1303523) Operating Cash Flow: 8996000000 GBP Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=GBP&dimensions= Input fundies:OperatingCashFlow: 8996000000 GBP (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000119312522068869/d208089d20f.htm#7735121 Filing: 000119312522068869 The citation records this snapshot. The page link may show a newer release later.	GBP 664 million Exact value Exact value: 664000000 GBP 2019-01-01 – 2019-12-31: 664000000 GBP Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · British American Tobacco p.l.c. · 2019-12-31 British American Tobacco p.l.c. (edgar:1303523) Capital Expenditure: 664000000 GBP Concept: fundies:CapitalExpenditure Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3ACapitalExpenditure&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=GBP&dimensions= Input fundies:CapitalExpenditure: 664000000 GBP (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000119312522068869/d208089d20f.htm#7744465 Filing: 000119312522068869 The citation records this snapshot. The page link may show a newer release later.	GBP 8.33 billion Calculation and evidence 8996000000 − 664000000 GBP Exact free cash flow: 8332000000 GBP 2019-01-01 – 2019-12-31: 8996000000 GBP · Inspect Operating Cash Flow · Source 2019-01-01 – 2019-12-31: 664000000 GBP · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · British American Tobacco p.l.c. · 2019-12-31 British American Tobacco p.l.c. (edgar:1303523) Free cash flow: 8332000000 GBP Concept: free-cash-flow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 8996000000 GBP (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000119312522068869/d208089d20f.htm#7735121 Filing: 000119312522068869 Input fundies:CapitalExpenditure: 664000000 GBP (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000119312522068869/d208089d20f.htm#7744465 Filing: 000119312522068869 The citation records this snapshot. The page link may show a newer release later.
2020 2020-01-01 – 2020-12-31	GBP 6.4 billion Exact value Exact value: 6400000000 GBP 2020-01-01 – 2020-12-31: 6400000000 GBP Inspect Net Income Open source Share or cite Citation for Net Income · British American Tobacco p.l.c. · 2020-12-31 British American Tobacco p.l.c. (edgar:1303523) Net Income: 6400000000 GBP Concept: fundies:NetIncome Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3ANetIncome&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=GBP&dimensions= Input fundies:NetIncome: 6400000000 GBP (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352323000024/bti-20221231.htm#2319713 Filing: 000130352323000024 The citation records this snapshot. The page link may show a newer release later.	GBP 9.79 billion Exact value Exact value: 9786000000 GBP 2020-01-01 – 2020-12-31: 9786000000 GBP Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · British American Tobacco p.l.c. · 2020-12-31 British American Tobacco p.l.c. (edgar:1303523) Operating Cash Flow: 9786000000 GBP Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=GBP&dimensions= Input fundies:OperatingCashFlow: 9786000000 GBP (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352323000024/bti-20221231.htm#1449119 Filing: 000130352323000024 The citation records this snapshot. The page link may show a newer release later.	GBP 511 million Exact value Exact value: 511000000 GBP 2020-01-01 – 2020-12-31: 511000000 GBP Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · British American Tobacco p.l.c. · 2020-12-31 British American Tobacco p.l.c. (edgar:1303523) Capital Expenditure: 511000000 GBP Concept: fundies:CapitalExpenditure Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3ACapitalExpenditure&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=GBP&dimensions= Input fundies:CapitalExpenditure: 511000000 GBP (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352323000024/bti-20221231.htm#1453536 Filing: 000130352323000024 The citation records this snapshot. The page link may show a newer release later.	GBP 9.28 billion Calculation and evidence 9786000000 − 511000000 GBP Exact free cash flow: 9275000000 GBP 2020-01-01 – 2020-12-31: 9786000000 GBP · Inspect Operating Cash Flow · Source 2020-01-01 – 2020-12-31: 511000000 GBP · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · British American Tobacco p.l.c. · 2020-12-31 British American Tobacco p.l.c. (edgar:1303523) Free cash flow: 9275000000 GBP Concept: free-cash-flow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 9786000000 GBP (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352323000024/bti-20221231.htm#1449119 Filing: 000130352323000024 Input fundies:CapitalExpenditure: 511000000 GBP (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352323000024/bti-20221231.htm#1453536 Filing: 000130352323000024 The citation records this snapshot. The page link may show a newer release later.
2021 2021-01-01 – 2021-12-31	GBP 6.8 billion Exact value Exact value: 6801000000 GBP 2021-01-01 – 2021-12-31: 6801000000 GBP Inspect Net Income Open source Share or cite Citation for Net Income · British American Tobacco p.l.c. · 2021-12-31 British American Tobacco p.l.c. (edgar:1303523) Net Income: 6801000000 GBP Concept: fundies:NetIncome Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3ANetIncome&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=GBP&dimensions= Input fundies:NetIncome: 6801000000 GBP (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352324000024/bti-20231231.htm#5530263 Filing: 000130352324000024 The citation records this snapshot. The page link may show a newer release later.	GBP 9.72 billion Exact value Exact value: 9717000000 GBP 2021-01-01 – 2021-12-31: 9717000000 GBP Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · British American Tobacco p.l.c. · 2021-12-31 British American Tobacco p.l.c. (edgar:1303523) Operating Cash Flow: 9717000000 GBP Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=GBP&dimensions= Input fundies:OperatingCashFlow: 9717000000 GBP (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352324000024/bti-20231231.htm#3311364 Filing: 000130352324000024 The citation records this snapshot. The page link may show a newer release later.	GBP 527 million Exact value Exact value: 527000000 GBP 2021-01-01 – 2021-12-31: 527000000 GBP Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · British American Tobacco p.l.c. · 2021-12-31 British American Tobacco p.l.c. (edgar:1303523) Capital Expenditure: 527000000 GBP Concept: fundies:CapitalExpenditure Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3ACapitalExpenditure&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=GBP&dimensions= Input fundies:CapitalExpenditure: 527000000 GBP (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352324000024/bti-20231231.htm#3319669 Filing: 000130352324000024 The citation records this snapshot. The page link may show a newer release later.	GBP 9.19 billion Calculation and evidence 9717000000 − 527000000 GBP Exact free cash flow: 9190000000 GBP 2021-01-01 – 2021-12-31: 9717000000 GBP · Inspect Operating Cash Flow · Source 2021-01-01 – 2021-12-31: 527000000 GBP · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · British American Tobacco p.l.c. · 2021-12-31 British American Tobacco p.l.c. (edgar:1303523) Free cash flow: 9190000000 GBP Concept: free-cash-flow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 9717000000 GBP (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352324000024/bti-20231231.htm#3311364 Filing: 000130352324000024 Input fundies:CapitalExpenditure: 527000000 GBP (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352324000024/bti-20231231.htm#3319669 Filing: 000130352324000024 The citation records this snapshot. The page link may show a newer release later.
2022 2022-01-01 – 2022-12-31	GBP 6.67 billion Exact value Exact value: 6666000000 GBP 2022-01-01 – 2022-12-31: 6666000000 GBP Inspect Net Income Open source Share or cite Citation for Net Income · British American Tobacco p.l.c. · 2022-12-31 British American Tobacco p.l.c. (edgar:1303523) Net Income: 6666000000 GBP Concept: fundies:NetIncome Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3ANetIncome&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=GBP&dimensions= Input fundies:NetIncome: 6666000000 GBP (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352325000021/bti-20241231.htm#5808477 Filing: 000130352325000021 The citation records this snapshot. The page link may show a newer release later.	GBP 10.39 billion Exact value Exact value: 10394000000 GBP 2022-01-01 – 2022-12-31: 10394000000 GBP Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · British American Tobacco p.l.c. · 2022-12-31 British American Tobacco p.l.c. (edgar:1303523) Operating Cash Flow: 10394000000 GBP Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=GBP&dimensions= Input fundies:OperatingCashFlow: 10394000000 GBP (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352325000021/bti-20241231.htm#3454803 Filing: 000130352325000021 The citation records this snapshot. The page link may show a newer release later.	GBP 523 million Exact value Exact value: 523000000 GBP 2022-01-01 – 2022-12-31: 523000000 GBP Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · British American Tobacco p.l.c. · 2022-12-31 British American Tobacco p.l.c. (edgar:1303523) Capital Expenditure: 523000000 GBP Concept: fundies:CapitalExpenditure Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3ACapitalExpenditure&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=GBP&dimensions= Input fundies:CapitalExpenditure: 523000000 GBP (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352325000021/bti-20241231.htm#3463123 Filing: 000130352325000021 The citation records this snapshot. The page link may show a newer release later.	GBP 9.87 billion Calculation and evidence 10394000000 − 523000000 GBP Exact free cash flow: 9871000000 GBP 2022-01-01 – 2022-12-31: 10394000000 GBP · Inspect Operating Cash Flow · Source 2022-01-01 – 2022-12-31: 523000000 GBP · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · British American Tobacco p.l.c. · 2022-12-31 British American Tobacco p.l.c. (edgar:1303523) Free cash flow: 9871000000 GBP Concept: free-cash-flow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 10394000000 GBP (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352325000021/bti-20241231.htm#3454803 Filing: 000130352325000021 Input fundies:CapitalExpenditure: 523000000 GBP (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352325000021/bti-20241231.htm#3463123 Filing: 000130352325000021 The citation records this snapshot. The page link may show a newer release later.
2023 2023-01-01 – 2023-12-31	−GBP 14.37 billion Exact value Exact value: -14367000000 GBP 2023-01-01 – 2023-12-31: -14367000000 GBP Inspect Net Income Open source Share or cite Citation for Net Income · British American Tobacco p.l.c. · 2023-12-31 British American Tobacco p.l.c. (edgar:1303523) Net Income: -14367000000 GBP Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3ANetIncome&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=GBP&dimensions= Input fundies:NetIncome: -14367000000 GBP (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352326000017/bti-20251231.htm#10298742 Filing: 000130352326000017 The citation records this snapshot. The page link may show a newer release later.	GBP 10.71 billion Exact value Exact value: 10714000000 GBP 2023-01-01 – 2023-12-31: 10714000000 GBP Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · British American Tobacco p.l.c. · 2023-12-31 British American Tobacco p.l.c. (edgar:1303523) Operating Cash Flow: 10714000000 GBP Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=GBP&dimensions= Input fundies:OperatingCashFlow: 10714000000 GBP (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352326000017/bti-20251231.htm#8419966 Filing: 000130352326000017 The citation records this snapshot. The page link may show a newer release later.	GBP 460 million Exact value Exact value: 460000000 GBP 2023-01-01 – 2023-12-31: 460000000 GBP Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · British American Tobacco p.l.c. · 2023-12-31 British American Tobacco p.l.c. (edgar:1303523) Capital Expenditure: 460000000 GBP Concept: fundies:CapitalExpenditure Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3ACapitalExpenditure&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=GBP&dimensions= Input fundies:CapitalExpenditure: 460000000 GBP (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352326000017/bti-20251231.htm#8430558 Filing: 000130352326000017 The citation records this snapshot. The page link may show a newer release later.	GBP 10.25 billion Calculation and evidence 10714000000 − 460000000 GBP Exact free cash flow: 10254000000 GBP 2023-01-01 – 2023-12-31: 10714000000 GBP · Inspect Operating Cash Flow · Source 2023-01-01 – 2023-12-31: 460000000 GBP · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · British American Tobacco p.l.c. · 2023-12-31 British American Tobacco p.l.c. (edgar:1303523) Free cash flow: 10254000000 GBP Concept: free-cash-flow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 10714000000 GBP (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352326000017/bti-20251231.htm#8419966 Filing: 000130352326000017 Input fundies:CapitalExpenditure: 460000000 GBP (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352326000017/bti-20251231.htm#8430558 Filing: 000130352326000017 The citation records this snapshot. The page link may show a newer release later.
2024 2024-01-01 – 2024-12-31	GBP 3.07 billion Exact value Exact value: 3068000000 GBP 2024-01-01 – 2024-12-31: 3068000000 GBP Inspect Net Income Open source Share or cite Citation for Net Income · British American Tobacco p.l.c. · 2024-12-31 British American Tobacco p.l.c. (edgar:1303523) Net Income: 3068000000 GBP Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3ANetIncome&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=GBP&dimensions= Input fundies:NetIncome: 3068000000 GBP (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352326000017/bti-20251231.htm#10297835 Filing: 000130352326000017 The citation records this snapshot. The page link may show a newer release later.	GBP 10.13 billion Exact value Exact value: 10125000000 GBP 2024-01-01 – 2024-12-31: 10125000000 GBP Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · British American Tobacco p.l.c. · 2024-12-31 British American Tobacco p.l.c. (edgar:1303523) Operating Cash Flow: 10125000000 GBP Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=GBP&dimensions= Input fundies:OperatingCashFlow: 10125000000 GBP (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352326000017/bti-20251231.htm#8419031 Filing: 000130352326000017 The citation records this snapshot. The page link may show a newer release later.	GBP 486 million Exact value Exact value: 486000000 GBP 2024-01-01 – 2024-12-31: 486000000 GBP Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · British American Tobacco p.l.c. · 2024-12-31 British American Tobacco p.l.c. (edgar:1303523) Capital Expenditure: 486000000 GBP Concept: fundies:CapitalExpenditure Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3ACapitalExpenditure&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=GBP&dimensions= Input fundies:CapitalExpenditure: 486000000 GBP (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352326000017/bti-20251231.htm#8429680 Filing: 000130352326000017 The citation records this snapshot. The page link may show a newer release later.	GBP 9.64 billion Calculation and evidence 10125000000 − 486000000 GBP Exact free cash flow: 9639000000 GBP 2024-01-01 – 2024-12-31: 10125000000 GBP · Inspect Operating Cash Flow · Source 2024-01-01 – 2024-12-31: 486000000 GBP · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · British American Tobacco p.l.c. · 2024-12-31 British American Tobacco p.l.c. (edgar:1303523) Free cash flow: 9639000000 GBP Concept: free-cash-flow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 10125000000 GBP (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352326000017/bti-20251231.htm#8419031 Filing: 000130352326000017 Input fundies:CapitalExpenditure: 486000000 GBP (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352326000017/bti-20251231.htm#8429680 Filing: 000130352326000017 The citation records this snapshot. The page link may show a newer release later.
2025 2025-01-01 – 2025-12-31	GBP 7.76 billion Exact value Exact value: 7764000000 GBP 2025-01-01 – 2025-12-31: 7764000000 GBP Inspect Net Income Open source Share or cite Citation for Net Income · British American Tobacco p.l.c. · 2025-12-31 British American Tobacco p.l.c. (edgar:1303523) Net Income: 7764000000 GBP Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3ANetIncome&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=GBP&dimensions= Input fundies:NetIncome: 7764000000 GBP (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352326000017/bti-20251231.htm#10296930 Filing: 000130352326000017 The citation records this snapshot. The page link may show a newer release later.	GBP 6.34 billion Exact value Exact value: 6342000000 GBP 2025-01-01 – 2025-12-31: 6342000000 GBP Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · British American Tobacco p.l.c. · 2025-12-31 British American Tobacco p.l.c. (edgar:1303523) Operating Cash Flow: 6342000000 GBP Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=GBP&dimensions= Input fundies:OperatingCashFlow: 6342000000 GBP (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352326000017/bti-20251231.htm#8418098 Filing: 000130352326000017 The citation records this snapshot. The page link may show a newer release later.	GBP 551 million Exact value Exact value: 551000000 GBP 2025-01-01 – 2025-12-31: 551000000 GBP Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · British American Tobacco p.l.c. · 2025-12-31 British American Tobacco p.l.c. (edgar:1303523) Capital Expenditure: 551000000 GBP Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523/explain?concept=fundies%3ACapitalExpenditure&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=GBP&dimensions= Input fundies:CapitalExpenditure: 551000000 GBP (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352326000017/bti-20251231.htm#8428816 Filing: 000130352326000017 The citation records this snapshot. The page link may show a newer release later.	GBP 5.79 billion Calculation and evidence 6342000000 − 551000000 GBP Exact free cash flow: 5791000000 GBP 2025-01-01 – 2025-12-31: 6342000000 GBP · Inspect Operating Cash Flow · Source 2025-01-01 – 2025-12-31: 551000000 GBP · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · British American Tobacco p.l.c. · 2025-12-31 British American Tobacco p.l.c. (edgar:1303523) Free cash flow: 5791000000 GBP Concept: free-cash-flow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T17:14:40Z Snapshot: 0821cce2ddf27309c4f120f38c8e818d3e5a3bde4764fce0447b3bcb98d4ba4f Dimensions: Consolidated View: https://fundies.io/companies/edgar/1303523?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 6342000000 GBP (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352326000017/bti-20251231.htm#8418098 Filing: 000130352326000017 Input fundies:CapitalExpenditure: 551000000 GBP (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1303523/000130352326000017/bti-20251231.htm#8428816 Filing: 000130352326000017 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

1,057 filings · 1,703 latest values · 1,703 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001303523, 1303523, BTAFF, BTI, edgar:1303523

Also known as BRITISH AMERICAN TOBACCO P.L.C., British American Tobacco p.l.c.

British American Tobacco p.l.c.

Latest fiscal year

Revenue

Operating margin

Operating cash flow

Free cash flow

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Capital expenditure

Where revenue goes

2025 2025-01-01 – 2025-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation