Metric	FY2016 Sep 2016	FY2017 Sep 2017	FY2018 Sep 2018	FY2019 Sep 2019	FY2020 Sep 2020	FY2021 Sep 2021	FY2022 Sep 2022	FY2023 Sep 2023	FY2024 Sep 2024	FY2025 Sep 2025
Cash & Cash Equivalents	1.3B	624m	775m	2.3B	1.6B	1.3B	1.9B	1.3B	1.1B	756m
Cash	1.3B	599m	771m	835m	791m	673m	703m	683m	607m	—
Cash Equivalents	8m	25m	4m	1.5B	835m	614m	1.1B	662m	471m	756m
Total Receivables	2.6B	2.4B	2.6B	2.9B	2.7B	2.8B	2.7B	2.4B	2.7B	2.7B
Accounts Receivables	2.4B	2.3B	2.3B	2.5B	2.3B	2.4B	2.2B	2.1B	2.3B	2.4B
Other Receivables	164m	123m	283m	371m	384m	461m	534m	261m	405m	351m
Inventory	3.5B	3.6B	3.7B	4.1B	4.1B	3.8B	4.1B	4.5B	4.1B	4.5B
Other Current Assets	180m	237m	194m	1.4B	1.3B	262m	211m	319m	302m	176m
Total Current Assets	7.5B	6.9B	7.3B	10.7B	9.7B	8.2B	8.9B	8.6B	8.2B	8.8B
PP&E Net	2B	1.9B	1.9B	2B	2.2B	2B	1.9B	1.9B	1.9B	1.9B
PP&E Gross	2B	1.9B	1.9B	2B	2.2B	2B	1.9B	1.9B	1.9B	1.9B
Accumulated Depreciation	(1.5B)	(1.5B)	(1.5B)	(1.6B)	(1.7B)	(1.6B)	(1.7B)	(1.7B)	(1.7B)	(1.9B)
Intangible Assets	8.6B	7.5B	6.7B	6.2B	5.6B	4.8B	5.1B	4.7B	4.3B	4.1B
Goodwill	12.1B	12.3B	12.5B	12.4B	12.5B	11.9B	12.6B	12.2B	11.7B	12.1B
Note Receivable	72m	111m	74m	108m	48m	159m	37m	26m	37m	35m
Long-Term Investments	744m	785m	845m	81m	117m	88m	56m	55m	56m	66m
Other Long-Term Assets	1.7B	1.6B	1.7B	1.7B	2.1B	2B	2.3B	1.9B	1.7B	1.7B
Other Assets	12.1B	12.3B	12.5B	12.4B	12.5B	11.9B	12.6B	12.2B	11.7B	12.1B
Total Assets	32.7B	31B	30.8B	33.1B	32.3B	29.1B	31B	29.5B	27.8B	28.7B
Accounts Payable	946m	1.2B	1.2B	1.8B	1.2B	1B	1.3B	1.5B	1.5B	1.7B
Accrued Liabilities	6.9B	6.7B	6.9B	7.2B	8.5B	7.6B	7.7B	7.5B	7.4B	7.7B
Short-Term Debt	0	0	0	0	0	0	0	0	21m	4m
Current Portion of Long-Term Debt	1.5B	2.4B	2.4B	1.9B	1.5B	1.2B	1.1B	1.6B	1.3B	1.2B
Other Current Liabilities	772m	584m	744m	1.1B	1.1B	987m	1.1B	1.3B	1.3B	1.3B
Total Current Liabilities	10.1B	10.9B	11.2B	12B	12.3B	10.8B	11.1B	11.9B	11.5B	11.9B
Long-Term Debt	12.4B	10.2B	9.6B	11.7B	10.4B	8.9B	9.2B	8.2B	7.8B	8.8B
Deferred Income Tax	1B	1.1B	1.1B	931m	924m	1B	961m	871m	780m	747m
Minority Interest	431m	542m	675m	647m	647m	588m	613m	621m	587m	608m
Other Liabilities	3.4B	2.6B	2.5B	2.9B	3.1B	2.4B	2.2B	1.9B	1.7B	1.8B
Total Liabilities	27.4B	25.3B	25.1B	28.1B	27.4B	23.7B	24.1B	23.5B	22.4B	23.9B
Common Stock	104m	103m	103m	103m	103m	103m	103m	97m	91m	87m
Retained Earnings	(1.5B)	(1.1B)	(1.2B)	(2.3B)	(2.4B)	(788m)	(443m)	(674m)	(479m)	(1.2B)
Additional Paid In Capital	5.8B	5.8B	5.8B	5.8B	5.8B	5.8B	5.8B	5.8B	5.8B	5.9B
Other Equity	896m	828m	980m	1.3B	1.3B	200m	1.4B	755m	(19m)	89m
Total Equity	5.3B	5.7B	5.8B	4.9B	4.9B	5.4B	6.9B	6B	5.4B	4.8B
Total Liabilities & Equity	32.7B	31B	30.8B	33.1B	32.3B	29.1B	31B	29.5B	27.8B	28.7B
Common Shares Outstanding	958.7m	955.1m	953.7m	951.5m	946.4m	946.4m	950.4m	898.3m	846.2m	807.3m

Imperial Brands PLC XMUN:ITB

A growing revenue base with operating leverage and recurring cash generation

A cash-generative tobacco franchise funding a measured smokeless transition

Consistent revenue growth and modest reinvestment sustain substantial cash generation

A diversified, cash-generative model facing a tobacco-tax margin reset

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Imperial Brands PLC
XMUN:ITB