Half Year 2026 Pre Close British American Tobacco P.l.c Trading Statement Call Transcript
Good morning, everyone. I'm Victoria Buxton, Group Head of Investor Relations. And with me this morning are Tadeu Marroco, our Chief Executive; and Javed Iqbal, our Interim Chief Financial Officer. Welcome to our 2026 first half pre-closed conference call. I hope that you are all well, and I would like to thank you for taking the time to join us this morning.
Before we begin, I need to draw your attention to the cautionary statement regarding forward-looking statements, as well as the notes and disclaimer contained in the trading update. Unless stated otherwise, our comments will focus on constant currency adjusted measures, which include adjustments related to the profit from our Canadian combustibles business, and average year-to-date share data is to March 2026 versus full year 2025 average.
I will now hand over to Tadeu with the reminder that, as always, there will be an opportunity to ask questions later in the call.
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