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Description
Preliminary results for the year ended 31 December 2025 Momentum Drives Further Confidence in 2026 Delivery Summary Added 4.7 million consumers (to 34.1 million) of our Smokeless brands Smokeless products now 18.2% of Group revenue, up 70 bps vs FY24 Reported revenue down 1.0% (due to currency headwinds), up 2.1% at constant FX, driven by combustibles and Velo Plus in the U.S

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The scoping strategy was then reviewed by all team members and some additional terms added

Nelson, B
