is loose tobacco safer than cigarettes Vaping Better Smoking? Tobacco and Cigarettes: Factsheet -
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and AME Reported profit from operations up 265% (with reported operating margin up 28.4 ppts to 39.0%), largely due to the movement in the Canadian settlement provision Adjusted profit from operations1,2,3 up 2.3%, adjusted operating margin1,2,3 at 44.0% (flat vs FY24) Reported diluted EPS up 157% to 349.1p, with adjusted diluted EPS1, 2,3 up 3.4% Confident in sustainably delivering mid-term growth algorithm, 2026 performance expected at the lower end of the range On track to reduce leverage3 to within 2.0-2.5x by end 2026, supported by continued strong cash conversion Dividend growth of 2.0% to 245.04p and a 1.3 billion share buy-back in 2026 Tadeu Marroco, Chief Executive I am pleased with our accelerating momentum through 2025, enabling full-year delivery at the top end of our guidance

Even subtle design cues like flip top lids or embossing can influence brand loyalty
Hartford HealthCare knows the health risks associated with cigarette smoking
The group does not disclose its funding sources
