Earnings per share

12 Months Ended

Dec. 31, 2025

9Earnings per share

Basic earnings per ordinary share is calculated by dividing the profit attributable to ordinary shareholders of the parent company by the weighted

average number of ordinary shares outstanding, after deducting own shares held. Diluted earnings per ordinary share is calculated by dividing the

basic earnings, which require no adjustment for the effects of dilutive potential ordinary shares, by the weighted average number of ordinary

shares outstanding, excluding own shares held, plus the weighted average number of ordinary shares that would be issued on conversion of

dilutive potential ordinary shares.


Basic and diluted earnings per share
	2025			2024			2023
	Profit	Number of shares	Per share	Profit	Number of shares	Per share	Profit	Number of shares	Per share
	$m	(millions)	$	$m	(millions)	$	$m	(millions)	$
Basic1	21,102	17,427	1.21	22,917	18,357	1.25	22,432	19,478	1.15
Effect of dilutive potential ordinary shares		120			128			122
Diluted1	21,102	17,547	1.20	22,917	18,485	1.24	22,432	19,600	1.14

1Weighted average number of ordinary shares outstanding (basic) or assuming dilution (diluted) after deducting own shares held.

The number of anti-dilutive employee share options excluded from the weighted average number of dilutive potential ordinary shares was

12 million (2024: Nil; 2023: 23 million).