v3.26.1
Group statement of changes in equity - USD ($)
$ in Millions
Share capital
Share premium
Capital redemption reserve
Treasury shares
 [1]
Other reserves
 [2]
Retained earnings
 [3]
Total
Balance at beginning of period at Dec. 31, 2022 $ 175 $ 615 $ 20 $ (118) $ (459) $ 5,026 $ 5,259
Attributable profit for the year [4]           263 263
Other comprehensive income         54 (71) (17)
Total comprehensive income for the year         54 192 246 [4]
Equity dividends declared and paid           (327) (327)
Share-based payments recognised           39 39
Cost of shares transferred to beneficiaries       24   (24)  
Balance at end of period at Dec. 31, 2023 175 615 20 (94) (405) 4,906 5,217
Attributable profit for the year [4]           412 412
Other comprehensive income         (92) 15 (77)
Total comprehensive income for the year         (92) 427 335 [4]
Equity dividends declared and paid           (327) (327)
Share-based payments recognised           40 40
Taxation on share-based payments           (1) (1)
Cost of shares transferred to beneficiaries       28   (27) 1
Balance at end of period at Dec. 31, 2024 175 615 20 (66) (497) 5,018 5,265
Attributable profit for the year [4]           625 625
Other comprehensive income         168 4 172
Total comprehensive income for the year         168 629 797 [4]
Equity dividends declared and paid           (330) (330)
Share-based payments recognised           43 43
Taxation on share-based payments           4 4
Purchase of own shares       (502)     (502)
Cost of shares transferred to beneficiaries       53   (41) 12
Balance at end of period at Dec. 31, 2025 $ 175 $ 615 $ 20 $ (515) $ (329) $ 5,323 $ 5,289
[1] Refer to Note 19.2 for further information.
[2] Other reserves comprises gains and losses on cash flow hedges, foreign exchange differences on translation of foreign operations and net changes on fair value of trade investments. The cumulative translation loss within other reserves at 31 December 2025 was $341m (2024: $520m, 2023: $396m).
[3] Within retained earnings is a non-distributable capital reserve of $2,266m (2024: $2,266m, 2023: $2,266m) that arose as a result of the Group’s reorganisation in 2008.
[4] Attributable to equity holders of the Company and wholly derived from continuing operations.