By Andrea Figueras


Imperial Brands expects growth for fiscal 2026 in line with its midterm outlook as the company undergoes a leadership transition.

The U.K. tobacco manufacturer said Tuesday that for the year ending Sept. 30 it intends to deliver net revenue growth in low-single-digit for its tobacco division and in double-digit for its next generation products business, which includes vapes and oral nicotine pouches.

The company also targets full-year growth in adjusted operating profit--its preferred profitability metric--in the 3% to 5% range, on a constant currency basis, while it aims to achieve free cash flow of at least 2.2 billion pounds ($2.89 billion).

"We will deliver on our operational and financial commitments and create consistent, sustainable value for shareholders," Chief Executive Lukas Paravicini said.

Paravicini took the reins of the corporation in October, replacing Stefan Bomhard, who outlined plans to retire.

Meanwhile, the group posted revenue of 32.17 billion pounds for fiscal 2025, down 0.7% on year.

Adjusted operating profit stood at 3.99 billion pounds, in line with consensus estimates of 3.98 billion pounds, according to a poll provided by the company.

The board proposed a dividend of 160.32 pence per share, up 4.5% on year.


Write to Andrea Figueras at andrea.figueras@wsj.com


(END) Dow Jones Newswires

11-18-25 0304ET