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Story summary
- British American Tobacco plc reported 2.1% revenue growth to £25.6 billion for 2025 and 2.3% rise in operating profit to £11.3 billion.
- New category revenue rose 7%, driven by modern oral products.
- Despite gains, BAT's share price fell 2.5% over the week.
- BAT announced a 2% dividend to 245p and a £1.3 billion buyback for 2026, while free cash flow fell 48.8% and net debt hit $31.4 billion.
