v3.26.1
INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Operating activities          
Profit before tax $ 200 $ 682 $ 383 $ 812  
Non-cash adjustments to reconcile profit before tax to net cash flows          
Depreciation, amortization and impairment loss     438 397  
Gain on disposal of non-current assets     (5) 0  
Gain on disposal of subsidiaries, net     (19) (497)  
Finance costs     317 246  
Finance income     (48) (20)  
Other non-operating loss/ (gain), net     16 (31)  
Net foreign exchange (gain)/ loss     (13) 52  
Changes in trade and other receivables and prepayments     (83) (98)  
Changes in inventories     0 (3)  
Changes in trade and other payables     163 79  
Changes in provisions, pensions and other     45 48  
Interest paid     (206) (192)  
Interest received     28 20  
Income tax paid     (156) (244)  
Net cash flows from operating activities     860 569  
Investing activities          
Purchase of property, plant and equipment     (393) (357)  
Purchase of intangible assets     (84) (67)  
Payment / (receipt) on deposits     18 (20)  
Investment (in)/ receipts from financial assets     (46) 31  
Acquisition of subsidiaries, net of cash acquired     (234) (141)  
Proceeds from sales of subsidiaries, net of cash     120 280  
Proceeds from sales of property, plant and equipment     35 4  
Outflows on loans granted     (70) (48)  
Net cash used in investing activities     (654) (318)  
Financing activities          
Proceeds from borrowings, net of fees paid [1]     1,606 562  
Repayment of debt [2]     (1,178) (1,055)  
Repayment of lease liabilities [2]     (140) (106)  
Proceeds from sale of non-controlling interest     140 0  
Share repurchases     (62) (68)  
ADG resolution     (120) 0  
Net cash flows from / (used in) financing activities     246 (667)  
Net Increase / (decrease) in cash and cash equivalents     452 (416)  
Net foreign exchange difference     9 2  
Cash and cash equivalents classified as held for sale at the beginning of the period     0 14 $ 14
Cash and cash equivalents classified as held for sale at the end of the period 0 (6) 0 (6) 0
Cash and cash equivalents at beginning of period, net of overdrafts [3]     1,732 1,688 1,688
Cash and cash equivalents at end of the period, net of overdrafts $ 2,193 $ 1,282 $ 2,193 $ 1,282 $ 1,732 [3]
[1] *Fees paid for borrowings were US$17 (2025: US$6).
[2] ***    Certain prior period comparatives have been reclassified to conform with the current year presentation.
[3] **Overdrawn account at the beginning of the presented period was nil (2025: US$1).