Q4 2025 British American Tobacco plc Trading Statement Call Transcript

Dec 9, 2025 / 08:30 AM GMT

Release Date Price: €49.2 (-0.40%)

Transcript

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

BATS.L - British American Tobacco PLC
Q4 2025 British American Tobacco plc Trading Statement Call
Dec 09, 2025 / 08:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone.

I'm Victoria Buxton, Group Head of Investor relations, and with me this morning are Tadeo Morocco, our chief executive, and Javed Iqbal, our interim Chief Financial Officer. Welcome to our 2025 full year pre-closed conference call. I hope you're all well, and I'd 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 otherwise stated, our comments will focus on constant currency adjusted measures, which include adjustments related to profit from our Canadian

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