v3.25.4
Consolidated income statement - GBP (£)
£ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Continuing operations      
Sales £ 3,577 £ 3,552 £ 3,674
Cost of goods sold (1,717) (1,741) (1,839)
Gross profit 1,860 1,811 1,835
Operating expenses (1,351) (1,265) (1,322)
Other net gains and losses (3) (7) (16)
Share of results of joint ventures and associates 1 2 1
Operating profit 507 541 498
Finance costs (98) (112) (81)
Finance income 48 81 76
Profit before tax 457 510 493
Income tax (121) (75) (113)
Profit for the year 336 435 380
Attributable to:      
Equity holders of the company 335 434 378
Non-controlling interest £ 1 £ 1 £ 2
Earnings per share attributable to equity holders of the company during the year (expressed in pence per share)      
• basic £ 0.514 £ 0.645 £ 0.531
• diluted £ 0.507 £ 0.635 £ 0.527