Imperial Brands PLC, a leading tobacco and next-generation product company, released its full-year results for the fiscal year ended September 30, 2024. The company reported strong financial performance, with net revenue from tobacco and next-generation products increasing by 4.6%. Aggregate market share gains were achieved in the companys five priority markets, with four out of five markets experiencing share growth. The next-generation product net revenue saw a significant rise of 26%, along with improved gross margins. Logista, the companys distribution segment, also contributed to the positive results with strong tobacco pricing and the benefit of prior-year acquisitions. Adjusted earnings per share increased by 10.9%, while reported EPS grew by 19.1%. The companys cash generation remained robust, with free cash flow of £2.4 billion. Imperial Brands also announced capital returns of approximately £2.8 billion for FY25, including a share buyback and a 4.5% increase in the FY24 dividend. The companys CEO, Stefan Bomhard, highlighted the successful implementation of their current strategy and expressed confidence in their ability to deliver on their operational and financial commitments. Looking <mark style="background-color:yellow">ahead</mark>, Imperial Brands is focused on developing its strategy for the next five years and aims to drive sustainable growth in cash flows to support shareholder returns and the industrys transition to a healthier future.
| Year | Revenue (£m) | Tobacco & NGP Net Revenue (£m) | Operating Profit (£m) | Earnings per Share (p) | Net Debt (£m) | Dividend per Share (p) |
|---|---|---|---|---|---|---|
| 2024 | 32,411 | 8,157 | 3,554 | 300.7 | (8,340) | 153.42 |
| 2023 | 32,475 | 8,012 | 3,402 | 252.4 | (8,438) | 146.82 |
| Change | -0.2% | +1.8% | +4.5% | +19.1% | N/A | +4.5% |