v3.25.2
Segmental analysis (Tables)
 6 Months Ended
Jun. 30, 2025
Reportable Segments [Abstract]  
Summary of analysis of revenue and profit from operations by segment The following table shows 2025 revenue at 2025 rates of exchange, and 2025 revenue translated using 2024 rates of exchange.
The 2024 figures are stated at the 2024 rates of exchange.
Six months ended 30 June
2025
2024
Reported
Exchange
Reported at
CC2
Reported
Revenue1
£m
£m
£m
£m
U.S.
5,432
143
5,575
5,378
AME
4,281
249
4,530
4,376
APMEA
2,356
106
2,462
2,586
Total Region
12,069
498
12,567
12,340
Notes to the analysis of revenue above:
1.There are no adjusting items within revenue.
2.CC: constant currency – measures are calculated based upon a re-translation, at the prior year’s exchange rates, of the current year’s results of the Group and, where applicable, its segments.
The following table shows 2025 profit from operations and adjusted profit from operations at 2025 rates of exchange, and 2025
adjusted profit from operations as adjusted for Canada3 translated using 2024 rates of exchange.
The 2024 figures are stated at the 2024 rates of exchange.
Six months ended 30 June
2025
Reported
Adj Items1
Adjusted
Exchange
Adjusted at
CC2
Canada at
CC2
As adj. for
Canada3 at
CC2
£m
£m
£m
£m
£m
£m
£m
Profit from Operations
U.S.
2,255
808
3,063
87
3,150
—
3,150
AME
1,969
(495)
1,474
76
1,550
(164)
1,386
APMEA
845
12
857
42
899
—
899
Total Region
5,069
325
5,394
205
5,599
(164)
5,435
Net finance costs
(969)
Associates and joint ventures
1,474
Profit before tax
5,574
Taxation
(1,009)
Profit for the period
4,565
Six months ended 30 June
2024
Reported
Adj Items1
Adjusted
Adj for
Canada3
As adjusted
for Canada3
£m
£m
£m
£m
£m
Profit from Operations
U.S.
1,775
1,278
3,053
—
3,053
AME
1,473
14
1,487
(232)
1,255
APMEA
1,010
14
1,024
—
1,024
Total Region
4,258
1,306
5,564
(232)
5,332
Net finance costs
(305)
Associates and joint ventures
1,647
Profit before tax
5,600
Taxation
(1,041)
Profit for the period
4,559
Notes to the analysis of profit from operations above:
1.Adjusting items represent certain items which the Group considers distinctive based upon their size, nature or incidence.
2.CC: constant currency – measures are calculated based upon a re-translation, at the prior year’s exchange rates, of the current year’s results of the Group and, where applicable, its segments.
3.As adjusted for Canada excludes the performance of the Canadian business (excluding New Categories).