v3.26.1
Equity (Tables)
 12 Months Ended
Jun. 30, 2026
Disclosure of reserves within equity [abstract]  
Schedule of allotted and fully paid share capital (a) Allotted and fully paid share capital – ordinary shares of
28101⁄108 pence each
Number
of shares
million
Nominal
value
$ million
At 30 June 2024
2,432
887
Shares cancelled
—
—
At 30 June 2025
2,432
887
Shares cancelled
—
—
At 30 June 2026
2,432
887
Schedule of movement in hedging and exchange reserve (b) Hedging and exchange reserve
Hedging
reserve
$ million
Exchange
reserve
$ million
Total
$ million
At 30 June 2023
293
(3,699)
(3,406)
Other comprehensive loss
(154)
(613)
(767)
At 30 June 2024
139
(4,312)
(4,173)
Other comprehensive income
79
466
545
At 30 June 2025
218
(3,846)
(3,628)
Other comprehensive loss
(10)
(454)
(464)
At 30 June 2026
208
(4,300)
(4,092)
Schedule of movements in own shares (c) Own shares
Number
of shares
million
Purchase
consideration
$ million
At 30 June 2023
216
2,286
Share trust arrangements
(2)
(19)
Shares used to satisfy options
(2)
(17)
Shares purchased – share buyback programme
28
987
Shares cancelled
(28)
(987)
At 30 June 2024
212
2,250
Share trust arrangements
(1)
(14)
Shares used to satisfy options
(1)
(8)
At 30 June 2025
210
2,228
Share trust arrangements
(1)
(12)
Shares used to satisfy options
(1)
(5)
At 30 June 2026
208
2,211
Schedule of dividends (d) Dividends
2026
$ million
2025
$ million
2024
$ million
Amounts recognised as distributions to
equity shareholders in the year
Final dividend for the year ended 30
June 2025 62.98 cents per share (2024
– 62.98 cents; 2023 – 59.98 cents)
1,401
1,399
1,349
Interim dividend for the year ended 30
June 2026 20 cents per share (2025 –
40.50 cents; 2024 – 40.5 cents)
445
899
894
1,846
2,298
2,243
Schedule of amounts attributable to non controlling interests Summarised financial information for USL and other subsidiaries, after fair value adjustments on acquisition, and the amounts attributable to non-controlling interests
are as follows:
2026
2025
2024
USL
$ million
Other
$ million
Total
$ million
Total
$ million
Total
$ million
Income statement
Sales
3,177
2,585
5,762
6,439
6,224
Net sales
1,413
1,875
3,288
3,868
3,718
Profit for the year(1)
202
354
556
528
777
Other comprehensive loss(2)
(184)
(291)
(475)
(291)
(16)
Total comprehensive income
18
63
81
237
761
Attributable to non-controlling interests
9
159
168
183
277
Balance sheet
Non-current assets(3)
1,158
4,282
5,440
5,529
5,741
Current assets
1,297
1,414
2,711
2,741
2,545
Non-current liabilities
(179)
(1,368)
(1,547)
(1,649)
(1,774)
Current liabilities
(518)
(1,096)
(1,614)
(1,603)
(1,738)
Net assets
1,758
3,232
4,990
5,018
4,774
Attributable to non-controlling interests
755
1,328
2,083
2,088
2,038
Cash flow
Net cash inflow from operating activities
221
331
552
608
693
Net cash (outflow)/inflow from investing activities
11
(104)
(93)
(305)
(211)
Net cash outflow from financing activities
(100)
(237)
(337)
(394)
(456)
Net increase/(decrease) in cash and cash equivalents
132
(10)
122
(91)
26
Exchange differences
(21)
(13)
(34)
10
(33)
Dividends payable to non-controlling interests
(47)
(100)
(147)
(140)
(121)
(1)Profit for the year includes exceptional operating items attributable to non-controlling interests.
(2)Other comprehensive loss is principally in respect of exchange on translating the subsidiaries to US dollar.
(3)Non-current assets include the global distribution rights for Ketel One vodka products worldwide. The carrying value of the distribution right at 30 June 2026 was $1,800 million (2025 –
$1,800 million; 2024 – $1,800 million).
On 24 March 2026, Diageo announced the sale of its shareholding in Royal Challengers Sports Pvt Limited to a consortium comprising Aditya Birla Group, The
Times of India Group, Bolt Ventures and Blackstone's.
On 3 July 2025, Diageo completed the sale of its 80.4% shareholding in Guinness Ghana Breweries PLC to Castel Group.
On 1 July 2025, Diageo completed the sale of its 54.4% shareholding in Seychelles Breweries Limited to Phoenix Beverages.
On 30 September 2024, Diageo completed the sale of its 58.02% shareholding in Guinness Nigeria PLC to N-Seven Nigeria Ltd., part of the Tolaram group.
Schedule of employee share compensation The annual fair value charge in respect of the equity settled plans for the three
years ended 30 June 2026 is as follows:
2026
$ million
2025
$ million
2024
$ million
Executive share award plans
44
48
34
Executive share option plans
2
9
7
Savings plans
(2)
2
2
44
59
43
Schedule of fair value of each share award used the Monte Carlo pricing model and weighted average assumptions For the three years ended 30 June 2026, the calculation of the fair value of
executive share awards used the Monte Carlo and Black Scholes pricing model
and the following assumptions:
2026
2025
2024
Risk free interest rate
3.8%
3.9%
4.7%
Expected life of the awards
34 months
33 months
33 months
Dividend yield
4.4%
3.4%
2.6%
Weighted average share price
1857 p
2426 p
3118 p
Weighted average fair value of
awards granted in the year(1)
1259 c
1814 c
1757 c
Number of awards granted in the
year
3.6 million
3.4 million
2.1 million
Fair value of all awards granted in
the year
$46 million
$61 million
$36 million
(1)Based on transaction rate at grant date of the awards.
Schedule of transactions on executive share award plans Transactions on the executive share award plans for the three years ended 30
June 2026 were as follows:
2026
million
2025
million
2024
million
Number of awards outstanding at 1 July
6.0
4.8
4.9
Granted
3.6
3.4
2.1
Awarded
(1.0)
(1.3)
(1.8)
Forfeited
(1.5)
(0.9)
(0.4)
Number of awards outstanding at 30 June
7.1
6.0
4.8