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BAT Kenya

BAT · Nairobi Securities Exchange · Incorporated in Kenya · Consolidated statements

On this page
Company details
Legal name
British American Tobacco Kenya plc
Incorporated in
Kenya
Listing
BAT on the Nairobi Securities Exchange, active · ISIN KE0000000075 (observed 2026-10-07)
Sector
Tobacco (our classification from the stated principal activity)
Activity
Manufacture and sale of tobacco and tobacco-free oral nicotine pouches.
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, signed / final · source

  • Revenue

    KES 23.2 billion

    23,191,945 KES thousands · p119

    −9.8% vs 2024

  • Operating profit / (loss)

    KES 7.47 billion

    7,474,835 KES thousands · p119

    +2.2% vs 2024

  • Profit / (loss) for the year

    KES 5.25 billion

    5,245,617 KES thousands · p119

    +17.0% vs 2024

  • Total assets

    Not reported in this filing

  • Total equity

    KES 15.5 billion

    15,485,431 KES thousands · p120

    −1.6% vs 2024

  • Cash from operations

    KES 6.63 billion

    6,633,154 KES thousands · p126

    −15.8% vs 2024

Large amounts are rounded for reading (KES million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in KES thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source
  • FY2023 — annual report, signed / final; comparative in the FY2024 filing · source

Income statement

Income statement, KES thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Gross sales including indirect taxes1 35,945,687 41,082,651 41,249,470
Excise duty and Value Added Tax (VAT)2 (12,753,742) (15,366,748) (15,691,919)
Revenue 23,191,945 25,715,903 25,557,551
Cost of sales (12,372,298) (15,218,693) (14,984,177)
Marketing and distribution costs (1,663,920) (1,464,607) (1,450,285)
Administration and other expenses (1,947,215) (1,992,779) (1,412,052)
Other income 266,323 273,214 214,746
Operating profit 7,474,835 7,313,038 7,925,783
Finance income 209,237 31,212 Not reported in this filing3
Finance cost (13,311) (860,303) Not reported in this filing4
Profit before tax 7,670,761 6,483,947 8,022,338
Income tax expense (2,425,144) (2,000,577) (2,454,321)
Profit for the year 5,245,617 4,483,370 5,568,017
Other comprehensive income5 –6 –6 204
Total comprehensive income for the year 5,245,617 4,483,370 5,568,221
Finance (costs)/income7 Not reported in this filing8 Not reported in this filing89 96,555
  1. Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (8)
  1. “Gross sales including indirect taxes” is an issuer-specific line, not mapped to a shared definition: Note 6.
  2. “Excise duty and Value Added Tax (VAT)” is an issuer-specific line, not mapped to a shared definition: Deducted from gross sales to give revenue.
  3. Not reported in this filing: Not printed: the statement of profit or loss of this filing (PDF p117) has no 'Finance income' line for this column.
  4. Not reported in this filing: Not printed: the statement of profit or loss of this filing (PDF p117) has no 'Finance costs' line for this column.
  5. Printed under different labels across filings: “Net fair value gain”; “Other comprehensive income”.
  6. “Finance (costs)/income” is an issuer-specific line, not mapped to a shared definition: Note 11: one net line in the 2024 report (the 2025 report shows income and costs separately).
  7. Not reported in this filing: Not printed: the statement of profit or loss of this filing (PDF p119) has no 'Finance (costs)/income' line for this column.
  8. Annual report dated 2025-02-21 presents this line for this year: (829,091) (p117). Not shown in this column, which follows one filing's presentation.

Balance sheet

Balance sheet, KES thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Share capital 1,000,000 1,000,000 1,000,000
Share premium 23 23 23
Revaluation surplus 2,620,380 2,661,131 2,761,700
Retained earnings 5,858,344 7,571,976 7,988,037
Hedge reserves1 6,684 Not reported in this filing2 Not reported in this filing3
Proposed dividend4 6,000,000 4,500,000 4,500,000
Total equity 15,485,431 15,733,130 16,249,760
Borrowings 52,405 74,902 8,813
Deferred income tax 1,849,857 1,820,839 1,991,624
Total non-current liabilities 1,902,262 1,895,741 2,000,437
Total equity and non-current liabilities5 17,387,693 17,628,871 18,250,197
Property, plant and equipment 9,457,704 9,811,984 11,541,830
Deferred income tax 229,394 248,785 264,875
Non-current assets (unlabelled subtotal) 9,687,098 10,060,769 11,806,705
Inventories 3,321,003 3,324,090 5,641,329
Current income tax 690,426 931,351 563,339
Receivables and prepayments 3,565,046 3,550,453 3,951,603
Derivative financial instruments 7,680 –6 3,136
Cash and cash equivalents 6,218,264 5,390,275 1,820,542
Assets held for sale7 95,711 397,288 263,294
Current assets (unlabelled subtotal) 13,898,130 13,593,457 12,243,243
Payables and accrued expenses 5,654,521 5,476,455 5,360,637
Borrowings 20,262 22,765 13,942
Provisions for liabilities and charges 522,572 526,135 425,172
Derivative financial instruments 180 –8 Not reported in this filing9
Total current liabilities 6,197,535 6,025,355 5,799,751
Net current assets10 7,700,595 7,568,102 6,443,492
Total assets less current liabilities11 17,387,693 17,628,871 18,250,197
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (9)
  1. “Hedge reserves” is an issuer-specific line, not mapped to a shared definition: As printed.
  2. Not reported in this filing: The Group's 2024 hedge reserves cell is blank (p120).
  3. Not reported in this filing: Not printed: the statement of financial position of this filing (PDF p118) has no 'Hedge reserves' line for this column.
  4. “Proposed dividend” is an issuer-specific line, not mapped to a shared definition: Note 16: proposed final dividend held in equity until approved.
  5. “Total equity and non-current liabilities” is an issuer-specific line, not mapped to a shared definition: Net-assets layout: equals total assets less current liabilities.
  6. “Assets held for sale” is an issuer-specific line, not mapped to a shared definition: Note 20(b).
  7. Not reported in this filing: Not printed: the statement of financial position of this filing (PDF p118) has no 'Derivative financial liabilities' line for this column.
  8. “Net current assets” is an issuer-specific line, not mapped to a shared definition: Current assets less current liabilities.
  9. “Total assets less current liabilities” is an issuer-specific line, not mapped to a shared definition: Non-current assets plus net current assets.

Cash flow

Cash flow, KES thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Cash generated from operations 8,581,908 10,427,051 8,482,276
Interest received 209,099 31,212 14,498
Interest paid1 (22,043) (57,026) (250,776)
Income tax paid (2,135,810) (2,523,284) (2,688,095)
Net cash generated from operating activities 6,633,154 7,877,953 5,557,903
Purchase of property, plant and equipment (301,833) (322,015) (439,362)
Proceeds from disposal of property, plant and equipment 12,936 1,104,903 –2
Net cash (used in) / generated from investing activities3 (288,897) 782,888 (439,362)
Dividends paid to the company shareholders (5,500,000) (5,000,000) (5,700,000)
Payment of principal portion of lease liabilities (25,000) (40,583) (27,400)
Net cash used in financing activities (5,525,000) (5,040,583) (5,727,400)
Net movement in cash and cash equivalents 819,257 3,620,258 (608,859)
Cash and cash equivalents at beginning of year 5,390,275 1,820,542 2,368,003
Effect of movement in exchange rates on cash held 8,732 (50,525) 61,398
Cash and cash equivalents at end of year 6,218,264 5,390,275 1,820,542
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
Notes and alternative reported figures (2)
  1. “Interest paid” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  2. Printed under different labels across filings: “Net cash (used in) / generated from investing activities”; “Net cash generated from / (used in) investing activities”.

Per share and shares

Per share and shares. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Earnings / (loss) per share (per share)1 52.46 44.83 55.68
Weighted average shares (shares)2 100,000 thousand 100,000 thousand 100,000 thousand
Notes and alternative reported figures (2)
  1. Earnings / (loss) per share: printed as “Basic and diluted earnings per share (KShs)”.
  2. Weighted average shares: printed as “Weighted average number of ordinary shares in issue (thousands)”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2025 Dividend recommended, subject to shareholder approval a final dividend in respect of the year ended 31 December 2025 of KShs 60 per share amounting to a total of KShs 6,000,000,000 (2024: KShs 4,500,000,000) is to be proposed no amount Annual report, p154
31 Dec 2025 Dividend proposed per share, as printed in a statement Final dividend proposed for the year, per share 60 KES per share Annual report, p154
31 Dec 2025 Dividends paid (cash flow statement) Dividends paid to the company shareholders (5,500,000) KES thousands Annual report, p126
31 Dec 2024 Dividend recommended, subject to shareholder approval a final dividend in respect of the year ended 31 December 2024 of KShs 45.00 per share amounting to a total of KShs 4,500,000,000 (2023: KShs 4,500,000,000) is to be proposed no amount Annual report, p152
31 Dec 2024 Dividend proposed per share, as printed in a statement Final dividend for the year, per share 45 KES per share Annual report, p154
31 Dec 2024 Dividend proposed per share, as printed in a statement Final dividend proposed for the year, per share 45.00 KES per share Annual report, p152
31 Dec 2024 Dividends paid (cash flow statement) Dividends paid to the company shareholders (5,000,000) KES thousands Annual report, p126
31 Dec 2023 Dividend proposed per share, as printed in a statement Final dividend for the year, per share 45 KES per share Annual report, p152
31 Dec 2023 Dividends paid (cash flow statement) Dividends paid to the company shareholders (5,700,000) KES thousands Annual report, p124

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • BAT Kenya 2025 Annual Report & Financial Statements

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: KPMG Kenya, unmodified opinion · signed

    Auditor's sign-off: KPMG Kenya; engagement partner CPA Willis Genga (practicing certificate P/2617)

    Final status: Auditor's report dated 26 February 2026 and signed for KPMG Kenya (engagement partner CPA Willis Genga) (PDF p118, page image); statements approved by the board on 26 February 2026 and signed by the chairperson, managing director and finance director (PDF p120, page image).

    Document date
    26 Feb 2026
    Auditor's report
    26 Feb 2026
    Board approval
    26 Feb 2026
    Retrieved by us
    7 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · KES thousands (printed “KShs' 000”)
    • Statement of profit or loss footnote (p119): from 2025 finance income and finance costs are shown separately; 2024 is re-presented as finance income 31,212 and finance costs (860,303), previously a net finance cost of 829,091.
    • The statement of financial position uses the net-assets layout (equity and non-current liabilities against non-current assets plus net current assets); total assets and total liabilities are not printed and are recorded as not reported.
    • Proposed final dividend KShs 60 per share for 2025 (2024: 45); interim KShs 10 paid in 2025 (2024: 5) (note 16).
    Technical details
    File
    176 pages, with a text layer
    SHA-256
    8f7b21cf5b301404ae6d07a620d791d2af6a5902732faf5aae622fe609129852
    Entity as printed
    British American Tobacco Kenya plc (the Company) and its subsidiary (the Group)
    Issuer copy
    retrieved 2026-10-07T18:22:33Z · curl

  • BAT Kenya 2024 Annual Report & Financial Statements

    Year ended 31 December 2024 · Annual report · signed / final

    Audit: KPMG Kenya, unmodified opinion · signed

    Auditor's sign-off: KPMG Kenya; engagement partner CPA Willis Genga (practicing certificate P/2617)

    Final status: Auditor's report dated 21 February 2025 and signed for KPMG Kenya (engagement partner CPA Willis Genga) (PDF p116, page image); statements approved by the board on 21 February 2025 and signed by the chairperson, managing director and finance director (PDF p118, page image).

    Document date
    21 Feb 2025
    Auditor's report
    21 Feb 2025
    Board approval
    21 Feb 2025
    Retrieved by us
    7 Oct 2026 (not a publication date)
    Used for
    statement columns FY2023
    Basis
    consolidated statements · KES thousands (printed “KShs' 000”)
    • The statement of financial position says 'The notes on pages 117 to 126 are an integral part'; the other statements say pages 126 to 170.
    • Finance costs and income are one net line here ('Finance (costs)/income' (829,091); 2023: 96,555); the 2025 report re-presents 2024 as finance income 31,212 and finance costs (860,303).
    • Net-assets layout: total assets and total liabilities are not printed and are recorded as not reported.
    Technical details
    File
    176 pages, with a text layer
    SHA-256
    7009d5bd61073b76dcd99601f55ce255b409e73f3b96caef64951fe28dbb2f11
    Entity as printed
    British American Tobacco Kenya plc (the Company) and its subsidiary (the Group)
    Issuer copy
    retrieved 2026-10-07T18:22:35Z · curl

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been checked against its cited source page in an AI-assisted source verification (7 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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