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British American Tobacco p.l.c. is the parent holding company of the Group, a leading multi-category consumer goods business that provides tobacco and nicotine products to millions of adult consumers around the world. The Group’s range of combustible products covers all segments, from value-for-money to premium, with a portfolio of international, regional and local tobacco brands to meet a broad array of adult tobacco consumer preferences wherever the Group operates.
In the company’s own words · 20-F filed Feb 13, 2026 · SEC EDGAR
British American Tobacco p.l.c. (BTI) reported revenue of £13.5B in H2 2025 (quarter ended December 31, 2025), down 2.2% from the same quarter a year earlier. That came with a gross margin of 83% and net income of £3.25B (24% of revenue). For the full year FY2025, revenue was £25.6B (−1.0% year on year) and net income £7.76B.
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Consumer Defensive
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