Imperial Brands PLC Earnings Recaps
Q4 2025
Nov 19, 2025
Imperial Brands delivered a strong fiscal year '25, achieving over 4% revenue growth and a 9% increase in earnings per share, alongside continued strategic transformation under new leadership.
Key takeaways
- Maintained market share in priority markets while achieving strong pricing, driving tobacco net revenue growth of 3.7%.
- Non-combustible products (NGP) recorded double-digit revenue growth, showcasing ongoing strength in the new product segment.
- Strong cash generation resulted in GBP 1.25 billion in share buybacks and a commitment to over GBP 2.7 billion in total capital returns for fiscal year '26.