British American Tobacco completes 2025 share buyback, extends program

British American Tobacco p.l.c. announced the completion of the 2025 part of its share buyback program, which saw the repurchase of 30,282,076 ordinary shares. These shares were acquired at a volume weighted average price of £36.32 pence per ordinary share, totaling a consideration of £1,099,992,910.04. The program, initially announced on 18 March 2024, was authorized by shareholders at the company's Annual General Meeting on 16 April 2025.

The latest transaction, executed on 23 December 2025 through Goldman Sachs International, involved the purchase of 111,960 ordinary shares of 25 pence each. The highest price paid per share was 4,243.00p, the lowest was 4,207.00p, and the volume weighted average price was 4,221.91p. These purchased shares are intended for cancellation.

Following this cancellation, British American Tobacco will have 2,179,466,149 ordinary shares in issue carrying voting rights and 132,988,352 ordinary shares held in treasury. Furthermore, the company announced the extension of the buyback program for 2026 and the launch of its next tranche on 10 December 2025.