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4,942 1,601 6,543 6,543 +2.4 % AME 3,433 (128) 3,305 (293) 3,012 +7.6 % APMEA 1,622 102 1,724 1,724 -21.1 % Total Region 9,997 1,575 11,572 (293) 11,279 -0.8 % Net finance costs (1,819) 170 (1,649) (54) (1,703) -0.7 % Associates and joint ventures 1,681 (1,239) 442 442 -15.0 % Profit before tax 9,859 506 10,365 (347) 10,018 -1.6 % Taxation (2,094) (344) (2,438) 92 (2,346) -2.0 % Non-controlling interests (1) (125) (126) (126) -16.3 % Coupons relating to hybrid bonds net of tax (87) 29 (58) (58) +36.9 % Profit attributable to shareholders 7,677 37 7,743 (255) 7,488 -1.3 % Diluted number of shares (m) 2,199 2,199 2,199 -1.2 % Diluted earnings per share (pence) 349.1 352.1 340.5 -0.2 % 2025 at constant rates For year ended 31 December 2025 Reported Adj Items1 Adjusted Exch

in the past 25 years, states have by and large failed to fund tobacco prevention and cessation programs at the levels needed to drive down smoking rates

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Derek Carr is a senior attorney and Pratima Musburger is a program director and senior attorney for ChangeLab Solutions, a nonprofit organization that advances equitable laws and policies that ensure healthy lives for all