BAT grows revenue 1.40 percent: what it means for BAT stock

Published on 10/13/2026 at 14:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

British American Tobacco stock costs EUR 50.17 on October 13, 2026. First-half revenue rose 1.40 percent to GBP 12.24 billion.

British American Tobacco reported first-half 2026 revenue of GBP 12.24 billion, up 1.40 percent on the reported basis.
Adjusted earnings per share rose 7.90 percent to GBp 164.00 in the first half of 2026, above the GBp 158.50 consensus.
British American Tobacco stock was at EUR 50.17 at Lang & Schwarz on October 13, 2026 at 1:59 p.m. CEST.
The company reaffirmed full-year 2026 guidance, including adjusted earnings per share growth in the 5.00 percent to 8.00 percent range.

Schwarzweiß-Reportagefoto von Feldarbeitern bei der Ernte auf landwirtschaftlicher Anbaufläche — British American Tobacco plc (GB0002875804) zeigt dokumentarisch Landwirtschaft und Ernteprozesse in Schwarzweiß, Illustration mit AI erstellt.

British American Tobacco reported first-half 2026 revenue of GBP 12.24 billion, up 1.40 percent on the reported basis, while adjusted earnings per share increased 7.90 percent to GBp 164.00, according to Yahoo Finance on October 12, 2026. The stock was at EUR 50.17 at Lang & Schwarz on October 13, 2026 at 1:59 p.m. CEST.

Revenue growth remains positive

The reported revenue increase was supported by the United States, where revenue rose 8.50 percent in the first half of 2026. New Category revenue increased 18.00 percent, and smokeless products reached 19.80 percent of group revenue during the same period, according to Yahoo Finance.

Adjusted profit from operations rose 3.50 percent to GBP 5.43 billion, compared with GBP 5.31 billion expected by analysts. The adjusted operating margin widened to 43.70 percent from the comparable prior period, a 30-basis-point increase.

Guidance sets the next test

BAT reaffirmed its full-year 2026 outlook. Adjusted earnings per share growth is expected toward the middle of the 5.00 percent to 8.00 percent range, while revenue growth is guided to the lower end of the 3.00 percent to 5.00 percent range and adjusted operating profit growth to the lower end of the 4.00 percent to 6.00 percent range, according to Yahoo Finance.

Capital Markets Day shapes strategy

BAT held its Capital Markets Day on September 29 and September 30, 2026, according to the company's investor-relations page. The presentation materials were published alongside the latest half-year results, which cover the six months ended June 30, 2026, and were dated July 30, 2026, on British American Tobacco.

Valuation and listing

British American Tobacco's NYSE-listed American depositary share was last quoted at USD 55.62 at 8:00 p.m. ET on October 12, 2026. Its market capitalization was USD 120.0 billion, the price-to-earnings ratio was 14.62, and the dividend yield was 6.00 percent. The 52-week range was USD 49.88 to USD 67.30.

What the figures mean

The first-half comparison points to a business still expanding while currency effects remain relevant to the annual outlook. For investors, the key measure is whether New Category growth and U.S. momentum can offset the lower-end full-year revenue expectation in the second half.

Price stays in the market frame

British American Tobacco stock was at EUR 50.17 at Lang & Schwarz on October 13, 2026 at 1:59 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of British American Tobacco stock.