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LONDON - Imperial Brands Finance PLC, the treasury services arm of tobacco giant Imperial Brands, reported a profit of £685 million for the fiscal year ended September 30, 2025, up from £525 million in the previous year, according to its annual financial statements released Friday.
The improved performance was largely attributed to a £343 million release from an expected credit loss provision against certain intragroup loans. This release primarily resulted from a loan receivable exposure being transferred to a parent company with sufficient repayment capacity.
The company, which manages financial risks and provides financing for the Imperial Brands Group, saw its total equity rise to £3.29 billion from £3.20 billion a year earlier. The board recommended a final dividend of £600 million, matching last year’s payout.
During the fiscal year, Imperial Brands Finance was active in debt capital markets, issuing several notes including €800 million 3.875% notes in February, and three separate US dollar-denominated notes in July totaling $2.2 billion. The company also repaid €500 million notes in January and $950 million notes in July.
The company maintained investment grade credit ratings, which it noted supports access to global debt capital markets. As of September 30, Imperial Brands Finance had undrawn committed facilities of £3.32 billion, slightly down from £3.61 billion a year earlier.
In September 2025, the company arranged a new syndicated multicurrency facility of €3 billion with an initial maturity date of March 2029, replacing its previous €3.49 billion facility.
The financial statements were approved by the board on November 27, 2025, according to the press release.
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