Accounting policy

Earnings per share (EPS) is calculated by taking the reported net profit attributable to shareholders and dividing this by the total weighted average number of shares.

The diluted figures are calculated after taking account of potential additional ordinary shares arising from share options and conditional shares. The dilutive impact is calculated as the weighted average of all potentially dilutive shares

EARNINGS PER SHARE – FOR THE YEAR ENDED 31 DECEMBER

  ​

2023

  ​

2024

  ​

2025

​

​

Net profit attributable to shareholders
   GBPm

​

Weighted
 average
number
 of shares
  (millions)

​

EPS  
  (pence) 

​

​

Net profit attributable to
shareholders
   GBPm 

​

Weighted 
 average 
number 
 of shares 
  (millions) 

​

EPS  
  (pence) 

​

​

Net profit attributable to shareholders
   GBPm

​

Weighted 
 average 
number 
 of shares 
  (millions) 

​

EPS  
  (pence) 

​

Basic earnings per share

1,781

1,891.8

94.1

​

​

1,934

1,865.9

103.6p

​

​

2,065

1,834.4

112.6p

​

Diluted earnings per share

1,781

1,902.8

93.6

​

​

1,934

1,876.7

103.1p

​

​

2,065

1,843.5

112.0p

​