British American Tobacco p.l.c. reports first-half 2026 revenue £12.2bn, up 1.4% (2.9% at constant exchange rates). Smokeless products now 19.8% of group revenue. Adjusted profit from operations up 3.5% and adjusted diluted earnings per share up 7.9%; reported diluted earnings per share down 28.6%. Company affirms full
In practical terms, British American Tobacco reports H1 in line with expectations as smokeless products reach 19.8% of group revenue, underscoring its strategic shift. The next checkpoint is the next communication from JSE SENS on BTI, which should confirm whether momentum is building.
For more detail, read the full announcement.