Fundies.
English

Haleon is a public company limited

ESEF
Report (type unavailable) · filed 2026-03-18

Annual consolidated revenue for 2025: about GBP 11.03B, using the latest reported figures. The previous period, 2024, was about GBP 11.23B.

Inspect reported changes Compare with another company Historical disclosures Segments
Watchlist

Holdings and insider activity

Transactions reported by directors, officers and 10% owners on SEC Forms 3, 4 and 5, over the last 12 months.

Insider reports are SEC Forms 3, 4 and 5. This company is not in the SEC regime, so none are shown.

See all insider transactions

Latest fiscal year

Revenue

11 billion GBP

2025 · GBP

Exact inputs and evidence
  • Revenue: 11030000000 GBP Source

Operating margin

21.87%

2025 · %

Exact inputs and evidence
  • Operating Income: 2412000000 GBP Source
  • Revenue: 11030000000 GBP Source

Operating cash flow

2.63 billion GBP

2025 · GBP

Exact inputs and evidence
  • Operating Cash Flow: 2634000000 GBP Source

Free cash flow

2.31 billion GBP

2025 · GBP

Exact inputs and evidence
  • Operating Cash Flow: 2634000000 GBP Source
  • Capital Expenditure: 322000000 GBP Source
Cash and cash equivalents
1.32 billion GBP Source
Exact value

1324000000 GBP

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Company performance

Up to ten complete financial years · consolidated figures

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

Latest filing recorded: 2026-03-18.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 6 of 11 periods available· newest 2025-12-31
  • Operating income: 6 of 11 periods available· newest 2025-12-31
  • Net income: 6 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 6 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 6 of 11 periods available· newest 2025-12-31
  • Total assets: 5 of 11 periods available· newest 2025-12-31
  • Total liabilities: 5 of 11 periods available· newest 2025-12-31
  • Current assets: 5 of 11 periods available· newest 2025-12-31
  • Current liabilities: 5 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 6 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

    -1.8%

    Prior period

    GBP 11.23 billion

    –

    Current period

    GBP 11.03 billion

    –

    Exact inputs and evidence

    11030000000 − 11233000000 = -203000000 GBP

    11233000000 GBP · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    11030000000 GBP · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    +15.6%

    Prior period

    GBP 1.44 billion

    –

    Current period

    GBP 1.67 billion

    –

    Exact inputs and evidence

    1667000000 − 1442000000 = 225000000 GBP

    1442000000 GBP · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    1667000000 GBP · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    +14.5%

    Prior period

    GBP 2.3 billion

    –

    Current period

    GBP 2.63 billion

    –

    Exact inputs and evidence

    2634000000 − 2301000000 = 333000000 GBP

    2301000000 GBP · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    2634000000 GBP · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Capital expenditure

    +28.8%

    Prior period

    GBP 250 million

    –

    Current period

    GBP 322 million

    –

    Exact inputs and evidence

    322000000 − 250000000 = 72000000 GBP

    250000000 GBP · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    322000000 GBP · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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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 11.03 billion 100% of revenue
  • Cost of revenue GBP 3.95 billion 36% of revenue
  • Operating expenses GBP 4.68 billion 42% of revenue
  • Operating income GBP 2.41 billion 22% of revenue
  • Tax, interest and other Derived GBP 745 million 6.8% of revenue
  • Net income GBP 1.67 billion 15% of revenue

Cash

  • Operating cash flow GBP 2.63 billion 24% of revenue
  • Capital expenditure GBP 322 million 2.9% of revenue
  • Free cash flow Derived GBP 2.31 billion 21% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2020 12%84%
  • 2021 15%83%
  • 2022 9.8%83%
  • 2023 9.3%82%
  • 2024 13%80%
  • 2025 15%78%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2020 2020-01-01 – 2020-12-319892000000 8294000000 Derived 1598000000 453000000 Derived 1145000000 1185000000 Derived
Source
2021 2021-01-01 – 2021-12-319545000000 7907000000 Derived 1638000000 248000000 Derived 1390000000 1128000000 Derived
Source
2022 2022-01-01 – 2022-12-3110858000000 9033000000 Derived 1825000000 765000000 Derived 1060000000 1759000000 Derived
Source
2023 2023-01-01 – 2023-12-3111302000000 9306000000 Derived 1996000000 947000000 Derived 1049000000 1866000000 Derived
Source
2024 2024-01-01 – 2024-12-3111233000000 9027000000 Derived 2206000000 764000000 Derived 1442000000 2051000000 Derived
Source
2025 2025-01-01 – 2025-12-3111030000000 8618000000 Derived 2412000000 745000000 Derived 1667000000 2312000000 Derived
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 11B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.12.2B9.2B6.1B3.1B0.0202020232025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(GBP)Source evidence
2020Revenue9892000000
2021Revenue9545000000
2022Revenue10858000000
2023Revenue11302000000
2024Revenue11233000000
2025Revenue11030000000

Revenue growth

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

-1.8% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.15.1%10.1%5.1%0.1%-4.9%202020232025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2020Year over yearNo prior comparable period
2021Year over year-3.5%
2022Year over year13.8%
2023Year over year4.1%
2024Year over year-0.6%
2025Year over year-1.8%

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 21.9% 2025
Net margin 15.1% 2025
Free cash flow margin 21% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.23.6%17.7%11.8%5.9%0.0%202020232025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2020Operating margin16.2%
2021Operating margin17.2%
2022Operating margin16.8%
2023Operating margin17.7%
2024Operating margin19.6%
2025Operating margin21.9%
2020Net margin11.6%
2021Net margin14.6%
2022Net margin9.8%
2023Net margin9.3%
2024Net margin12.8%
2025Net margin15.1%
2020Free cash flow margin12%
2021Free cash flow margin11.8%
2022Free cash flow margin16.2%
2023Free cash flow margin16.5%
2024Free cash flow margin18.3%
2025Free cash flow margin21%

Operating cash flow

Cash generated by the company’s normal business operations.

GBP 2.6B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.8B2.1B1.4B711.2M0.0202020232025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(GBP)Source evidence
2020Operating cash flow1407000000
2021Operating cash flow1356000000
2022Operating cash flow2063000000
2023Operating cash flow2100000000
2024Operating cash flow2301000000
2025Operating cash flow2634000000

Free cash flow

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

GBP 2.3B 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.5B1.9B1.2B624.2M0.0202020232025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(GBP)Source evidence
2020Free cash flow1185000000
2021Free cash flow1128000000
2022Free cash flow1759000000
2023Free cash flow1866000000
2024Free cash flow2051000000
2025Free cash flow2312000000

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.

49.5% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.57%43%28%14%0%2020-12-3120232025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2020-12-31Liabilities / assetsNot reportedNo source recorded
2021Liabilities / assets23.1%
2022Liabilities / assets52.7%
2023Liabilities / assets50.9%
2024Liabilities / assets52.7%
2025Liabilities / assets49.5%

Current assets to current liabilities

Current assets divided by current liabilities.

0.92× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.34×1.00×0.67×0.33×0.00×2020-12-3120232025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2020-12-31Current assets / current liabilitiesNot reportedNo source recorded
2021Current assets / current liabilities1.24×
2022Current assets / current liabilities0.93×
2023Current assets / current liabilities1.04×
2024Current assets / current liabilities0.98×
2025Current assets / current liabilities0.92×

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
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2020 2020-01-01 – 2020-12-31
GBP 1.15 billion
Exact value

Exact value: 1145000000 GBP

2020-01-01 – 2020-12-31: 1145000000 GBP Inspect Net Income Open source
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GBP 1.41 billion
Exact value

Exact value: 1407000000 GBP

2020-01-01 – 2020-12-31: 1407000000 GBP Inspect Operating Cash Flow Open source
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GBP 222 million
Exact value

Exact value: 222000000 GBP

2020-01-01 – 2020-12-31: 222000000 GBP Inspect Capital Expenditure Open source
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GBP 1.19 billion
Calculation and evidence

1407000000 − 222000000 GBP

Exact free cash flow: 1185000000 GBP

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2021 2021-01-01 – 2021-12-31
GBP 1.39 billion
Exact value

Exact value: 1390000000 GBP

2021-01-01 – 2021-12-31: 1390000000 GBP Inspect Net Income Open source
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GBP 1.36 billion
Exact value

Exact value: 1356000000 GBP

2021-01-01 – 2021-12-31: 1356000000 GBP Inspect Operating Cash Flow Open source
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GBP 228 million
Exact value

Exact value: 228000000 GBP

2021-01-01 – 2021-12-31: 228000000 GBP Inspect Capital Expenditure Open source
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GBP 1.13 billion
Calculation and evidence

1356000000 − 228000000 GBP

Exact free cash flow: 1128000000 GBP

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2022 2022-01-01 – 2022-12-31
GBP 1.06 billion
Exact value

Exact value: 1060000000 GBP

2022-01-01 – 2022-12-31: 1060000000 GBP Inspect Net Income Open source
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GBP 2.06 billion
Exact value

Exact value: 2063000000 GBP

2022-01-01 – 2022-12-31: 2063000000 GBP Inspect Operating Cash Flow Open source
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GBP 304 million
Exact value

Exact value: 304000000 GBP

2022-01-01 – 2022-12-31: 304000000 GBP Inspect Capital Expenditure Open source
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GBP 1.76 billion
Calculation and evidence

2063000000 − 304000000 GBP

Exact free cash flow: 1759000000 GBP

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2023 2023-01-01 – 2023-12-31
GBP 1.05 billion
Exact value

Exact value: 1049000000 GBP

2023-01-01 – 2023-12-31: 1049000000 GBP Inspect Net Income Open source
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GBP 2.1 billion
Exact value

Exact value: 2100000000 GBP

2023-01-01 – 2023-12-31: 2100000000 GBP Inspect Operating Cash Flow Open source
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GBP 234 million
Exact value

Exact value: 234000000 GBP

2023-01-01 – 2023-12-31: 234000000 GBP Inspect Capital Expenditure Open source
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GBP 1.87 billion
Calculation and evidence

2100000000 − 234000000 GBP

Exact free cash flow: 1866000000 GBP

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2024 2024-01-01 – 2024-12-31
GBP 1.44 billion
Exact value

Exact value: 1442000000 GBP

2024-01-01 – 2024-12-31: 1442000000 GBP Inspect Net Income Open source
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GBP 2.3 billion
Exact value

Exact value: 2301000000 GBP

2024-01-01 – 2024-12-31: 2301000000 GBP Inspect Operating Cash Flow Open source
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GBP 250 million
Exact value

Exact value: 250000000 GBP

2024-01-01 – 2024-12-31: 250000000 GBP Inspect Capital Expenditure Open source
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GBP 2.05 billion
Calculation and evidence

2301000000 − 250000000 GBP

Exact free cash flow: 2051000000 GBP

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2025 2025-01-01 – 2025-12-31
GBP 1.67 billion
Exact value

Exact value: 1667000000 GBP

2025-01-01 – 2025-12-31: 1667000000 GBP Inspect Net Income Open source
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GBP 2.63 billion
Exact value

Exact value: 2634000000 GBP

2025-01-01 – 2025-12-31: 2634000000 GBP Inspect Operating Cash Flow Open source
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GBP 322 million
Exact value

Exact value: 322000000 GBP

2025-01-01 – 2025-12-31: 322000000 GBP Inspect Capital Expenditure Open source
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GBP 2.31 billion
Calculation and evidence

2634000000 − 322000000 GBP

Exact free cash flow: 2312000000 GBP

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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.

4 filings · 475 latest values · 475 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 549300PSB3WWEODCUP19, esef:549300PSB3WWEODCUP19