By Joe Hoppe

British American Tobacco is scheduled to report results for the first half of the year on Thursday. Here is what you need to know.

REVENUE: The British tobacco company is expected to report total revenue of 12.00 billion pounds ($16.02 billion) for the six months ended June 30, according to a company-compiled consensus of analysts' estimates. This compares with total revenue of 12.34 billion pounds in the same period of 2024.

ADJUSTED OPERATING PROFIT: The company is expected to report adjusted operating profit of 5.21 billion pounds, from 5.33 billion pounds a year prior, according to the analyst consensus.

British American Tobacco shares trade at 3,929.0 pence and have climbed more than 42% on year, broadly in line with peer Philip Morris.

WHAT TO WATCH

--British American Tobacco is likely to reiterate full year expectations. In a pre-close update in June, the FTSE 100 company hiked its outlook for the year, raising revenue growth estimates to 1% to 2% at constant rates, from 1%. It also guided for adjusted operating profit growth of 1.5% to 2.5%.

--New category products--which includes vapor, heated products and oral pouches--will be closely watched by investors, Citi analysts said in a note. Full-year organic growth in earnings before interest and taxation are likely to be weighted towards the second half, given rollouts in the category over this period, Citi added.

Write to Joe Hoppe at joseph.hoppe@wsj.com

(END) Dow Jones Newswires

July 30, 2025 08:26 ET (12:26 GMT)

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