Dividends and other reserves |
6 Months Ended | ||||||||||||
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Dec. 31, 2025 | |||||||||||||
| Share Capital, Reserves And Other Equity Interest [Abstract] | |||||||||||||
| Dividends and other reserves | Dividends and other reserves
An interim dividend of 20 cents per share (2024 – 40.50 cents) was approved by the Board of Directors on 24 February 2026. As the approval was after the balance sheet date, it was not included as a liability. Other reserves surplus of $318 million at 31 December 2025 (2024 – $464 million deficit) include a capital redemption reserve of $4,082 million (2024 – $4,082 million), a hedging reserve surplus of $185 million (2024 – $121 million) and an exchange reserve deficit of $3,949 million (2024 – $4,667 million). Out of the total hedging reserve, a surplus of $2 million (2024 – $9 million) represents the cost of hedging arising from cross currency interest rate swaps in net investment hedges.
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