v3.25.2
Cash flow - schedule of cash flows from operating activities (Details) - GBP (£)
£ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Disclosure Of Cash Flow [Abstract]    
Profit for the period £ 4,565 £ 4,559
Taxation on ordinary activities 1,009 1,041
Share of post-tax results of associates and joint ventures (1,474) (1,647)
Net finance costs 969 305
Profit from operations 5,069 4,258
Adjustments for:    
– depreciation, amortisation and impairment costs 1,192 1,620
– increase in inventories (696) (606)
– increase in trade and other receivables (1) (268)
– decrease in Master Settlement Agreement payable (633) (868)
– (decrease)/increase in trade and other payables (565) 321
– decrease in retirement benefit liabilities (27) (17)
– decrease in other provisions for liabilities (634) (302)
– other non-cash items 12 (16)
Cash generated from operating activities 3,717 4,122
Dividends received from associates 168 196
Tax paid 1,576 1,153
Net cash generated from operating activities £ 2,309 £ 3,165