Imperial Brands PLC (STU:ITBA)

Full Year 2025 Imperial Brands PLC Earnings Call Transcript

Nov 18, 2025 / 09:00 AM GMT

Release Date Price: €36.2 (+1.69%)

Transcript

Key Points

Positve

Imperial Brands PLC (IMBBF) reported a strong financial performance for FY25, with revenue growth of more than 4% and an improvement of over 9% in earnings per share.
The company maintained market share in its priority markets while achieving strong pricing in the combustibles segment.
Imperial Brands PLC (IMBBF) recorded double-digit revenue growth in its Next Generation Products (NGP) segment, with share growth across all categories.
The company demonstrated strong cash flow, enabling material increases in both its underlying dividend and ongoing share buyback program.
Imperial Brands PLC (IMBBF) plans to make total capital returns in excess of 2.7 billion pounds during fiscal year 26, reflecting a commitment to shareholder value.

Negative

Volume declines were noted in Europe and the Americas, although these were offset by strong pricing.
The company faces challenges in the UK and Australia due to rising excise rates and growing illicit trades.
Imperial Brands PLC (IMBBF) disclosed charges related to its 2030 strategy, including an impairment charge for ceasing production at the Langenhagen factory.
The NGP segment, while growing, still incurs losses as the company increases investment in certain parts of its portfolio.
The company anticipates slightly increased tax, finance, and minority interest costs, which could impact future profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

IMB.L - Imperial Brands PLC
Full Year 2025 Imperial Brands PLC Earnings Call
Nov 18, 2025 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome everyone in the room and joining online or on the phones. Thanks for joining us for our FY25 results.

Just a few housekeeping things before we kick off. There are no planned fire alarm tests today, so if the alarm does go off for those in the room, it's a real one, and you can see the fire exits just behind you marked in green. And then finally, just wanted to draw your attention to the usual disclaimer in the presentation we've got for you this morning. So without further ado, I would like to hand over to Lucas.

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Unidentified_2 [2]
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